Prin. L. N. Welingkar Institute of Management Development and Research, Mumbai

MBA
As told earlier, MBA today has emerged as a very attractive career option for students desirous of becoming managers in various industries. It is a 2 year degree course that is designed to fulfill industry's demands and includes in depth study of subjects like accounting, marketing, finance, HR, operations, and project management. MBA students can either take a general course comprising all the subjects or choose to focus upon one of the subjects that is taught at length in one of the four semesters that the course is divided into. While there are countless colleges and Universities offering MBA degree today, all students aspire to clear CAT (Combined Aptitude Test) conducted by IIM (Indian Institute of Management). IIM's are considered to be the premium MBA colleges in India and even have a good reputation abroad. Students passing from these IIM's are easily absorbed in top multinational companies at attractive salary these days.
MMS
MMS stands for Masters in Management Studies and is a 2 year management degree program that is approved by All India Council for Technical Education (AICTE). The course content is very much similar to a regular MBA program as it provides in depth knowledge in different areas such as marketing, systems, HR, operations, and finance. If anything, universities offering MMS claim to be more industry ready than other colleges providing MBA degrees. This is because MMS is designed to provide not just theoretical knowledge but has a solid practical content as Universities have strong tie ups with corporations to provides students inside knowledge of the practices in the industry. Thus MMS can be a stepping stone to a successful career in any industry as the student is industry ready by the time he completes the course.
MBA vs MMS
• MBA and MMS are similar management degree programs having same duration (2 years).
• One aspect where MMS differs is inclusion of real time learning inside the industry apart from classroom learning which is the highlight of any MBA program
• MBA is still more popular than MMS.
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