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Master of Business Administration (MBA) Product Management is a specialised postgraduate degree course for two years. This programme teaches business strategy, marketing, technology, and customer insights, which provide students with the skills to manage a product and an idea to launch it successfully in various industries.
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To pursue an MBA in Product Management, candidates must have a bachelor's degree from a recognised university, with at least 50-60 per cent marks in the undergraduate degree. Many admissions require an entrance exam like CAT, GMAT, or XAT, MAT. Various colleges in India offer this course, some of the prominent ones are Nelson Business School, JECRC University Jaipur, and the University of Technology Jaipur.
MBA in Product Management offers opportunities for students to work as a Product Manager, Brand Manager, or Marketing Manager. For graduates, they can work in industries like technology, e-commerce, and finance. They help develop products, plan strategies, and grow businesses by understanding customer needs and market trends.
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The table below provides information on the MBA in Product Management, including course duration, eligibility criteria, fee structure, admission process, job roles, and top recruiters.
Particulars | Values |
---|---|
Course Name | MBA in Product Management |
Course Duration | 2 years |
Course Fee | Rs.2 Lakhs - Rs.18 lakh (varies by institute) |
Eligibility Criteria | Bachelor's degree (minimum 50-60% marks) |
Admission Process | Entrance exam (CAT, CMAT, XAT, MAT) |
Average Salary | Rs.5 - Rs.15 LPA |
Job Roles | Product Manager, Brand Manager, Product Marketing Manager, Assistant Manager, Product Analyst Manager, Business Analyst |
Industries | Technology, E-commerce, Healthcare, Finance, FMCG, EdTech |
Top Hiring Companies | Google, Microsoft, Reliance, IBM, HUL, Amazon, Flipkart, Zomato, Infosys, Paytm |
Candidates who want to pursue an MBA in Product Management must meet eligibility requirements for admission. Applicants should have a bachelor’s degree from a recognized university with a minimum 50-60 per cent required percentage, and they have to clear entrance exams like CAT, CMAT, XAT, MAT.
Criteria | Details |
---|---|
Educational Qualification | Bachelor's degree from a recognised university |
Minimum Score | 50-60 per cent (varies by institute) |
Entrance Exams | CAT, CMAT, XAT, MAT |
Candidates must meet the basic eligibility criteria to secure admission to the MBA in Product Management program. This includes having a relevant bachelor's degree, meeting the minimum required percentage of 50-60 per cent, and clearing the necessary entrance exams. After clearing the entrance exams, the steps for admission to the MBA in Product Management are mentioned below:
Candidates must pass the required entrance exams with a valid score to enter an MBA program in product management. These exams are computer-based, which test logical reasoning, quantitative aptitude, verbal ability, and more. Candidate admission will be based on the score of the entrance exam, and some institutes, followed by the group discussions and personal interviews.
Exam Name | Top Colleges | Exam Schedule |
---|---|---|
Indian Institutes of Management (IIMs) | ||
Institute of Management Technology (IMT) | ||
XIM Bhuvneshwar, MDI Gurgaon, IMI Delhi | ||
All India Management Association (AIMA) |
MBA Product Management is a specialised program course created to help students with advanced skills in business and production processes. This programme syllabus covers organisational behavior, research methodology, international business, and more. The table below has stated the syllabus from Nelson Business School.
The first year of the MBA Product Management programme is divided into two semesters. In Semester I, students will learn topics like Principles of Management, Organisational Behavior, Managerial Economics, and more. Semester II covers topics such as Marketing, Financial, and Operations Management, along with Strategic Management and Project Management.
Semester I | Semester II |
---|---|
Principles and Practices of Management | Human Resource Management |
Organisational Behavior | Marketing Management |
Management Accounting | Financial Management |
Managerial Economics | Operations Management |
Business Communication | Project Management |
Management Information System | Strategic Management & Business Policy |
The syllabus for 2nd year MBA in Product Management is divided into semester III and semester IV. The semester III includes topics such as Introduction to Product Management, Material Management, and more. The syllabus for semester IV covers topics such as International Business, E-commerce, and more.
Semester III | Semester IV |
---|---|
Research Methodology | International Business |
Legal Aspects of Business | Business Leadership |
Introduction to Production Management | Inventory Management |
Production Planning and Control | Total Quality Management |
Plant Location and Layout | E-Commerce |
Material Management | Cost Estimation and Control |
The course fees for an MBA in Product Management vary depending on the institute. Candidates can check the course fees on the official website or by contacting the provider. The average, total course fee ranges from Rs.2 Lakhs to Rs.18 Lakhs for two years. Private institutes may charge higher fees as compared to the government universities.
Product Management courses are growing rapidly, with huge career demand and opportunities across various industries, such as technology, e-commerce, healthcare, finance, and consumer goods, that provide the job roles of Product Manager, Brand Manager, Business Analyst, Business Manager, with a good salary.
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Candidates of MBA in Product Management learn how to develop, launch, and manage products effectively. It covers some concepts like business leadership, marketing management, and strategies of e-commerce. This course enhances students' leadership, problem-solving, and analytical skills.
Product Management is a well-paying career in India, with salaries increasing with experience. Below is the average salary for job roles in MBA Product Management. For freshers, they can earn around Rs.8-12 LPA, while experienced professionals can earn Rs.20 LPA or more depending on the job profile. In the table below is the average salary for various job roles in MBA Product Management.
Job Role | Average Salary Range (per annum) |
---|---|
Product Manager | 5.7 – Rs.38 Lakhs |
Brand Manager | 3.6–Rs.33 Lakhs |
Business Manager | 7 Lakhs – Rs. 27 Lakhs |
Business Analyst | 3 Lakhs– Rs. 17 Lakhs |
Product Analyst Manager | 9 Lakhs- Rs. 53 Lakhs |
Many private colleges offer the Product Management in MBA course, providing education with industry experts and placement opportunities. The private college fees are slightly higher than the government colleges. Check below for the best colleges that are offering an MBA in Product Management course along with the fee structure.
Institutes | Fees |
---|---|
5.10 Lakhs | |
Nelson Business School, Hyderabad | 1.52 Lakhs |
1.80 Lakhs |
The Product Management in MBA is a two-year course.
The eligible criteria for an MBA in Product Management, candidates must have a bachelor’s degree (from any recognised university) with at least 50-60 per cent marks and a valid score from the entrance exams like CAT, MAT, XAT, or other.
After an MBA in Product Management, candidates can work as Product Managers, Brand Managers, Business Analysts, or Product Marketing Managers.
A Product Management course focuses on the process of developing, launching, and managing products. It includes topics like Management Accounting, Project Management, Legal Aspect of Business, e-commerce, and more.
Candidates need to take entrance exams like CAT, MAT, XAT, or CMAT for MBA in Product Management.
Hi,
List of some of the best MBA colleges with low fees in South India includes:
Hope this information will help you
MBA fees in India vary widely, ranging from INR 20,000 to 40 lakh for a two-year full-time program.The fees depend on several factors, including:
- Infrastructure: Institutions with state-of-the-art facilities charge higher fees.
- Hostel facilities: Colleges offering accommodation options may include these costs in the overall fee.
- Extra-curricular activities: Institutions with a wide range of extracurricular activities may charge more.
- Pedagogy: Colleges using innovative teaching methods or offering specializations may have higher fees.
- International exposure: Institutions offering international immersion programs or foreign university collaborations may charge more.
Here are some examples of MBA fees in India:
- IIMs: INR 15 lakh to 27 lakh
- Top private colleges: INR 10 lakh to 25 lakh
- Government colleges: INR 2 lakh to 10 lakh
Keep in mind that these are general estimates, and fees may vary depending on the institution and location.
Don't worry, let's break it down. Since you've passed both the theory exam (with a D grade) and the assignment (with a C grade) in MMPC 004, you shouldn't need to reappear for the exam.However, the "not completed" status might indicate that there's an issue with your grade or evaluation.
Here are some steps you can take:
- Verify your grades: Double-check your grades for both the theory exam and assignment to ensure they're accurate.
- Contact IGNOU support: Reach out to IGNOU's support team or your study center to inquire about the "not completed" status. They can help you resolve the issue.
- Check the evaluation criteria: Familiarize yourself with IGNOU's evaluation criteria for MMPC 004 to ensure you've met all the requirements.
Remember to stay calm and patient while resolving this issue. Good luck!
With a waitlist position of 125 for MBA IDM at SCMHRD, your chances depend on waitlist movement.
Past trends: Some years saw no movement, while others had up to 200 spots cleared.
Final selection: Depends on accepted offers and withdrawals.
For updates, check with SCMHRD admissions or refer to past trends.
Hello,
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