MPhil in Business Administration

MPhil in Business Administration is one of the most popular choices for students who have already completed their post-graduation degree and want to pursue their career in business and research. The course is gaining importance day by day due to the demand for researchers in various companies. If you are interested in the research domain specifically in business, you should definitely go for this course. In this blog, we have covered all of the details about the MPhil in Business Administration including the course details, admission process, costs & career scope.

Course	MPhil in Business Administration
Stream	Management
Degree Type	Postgraduate Research Degree
Duration	Full time: 1 YearPart-time: 2 Years
Eligibility	Bachelor’s and master’s degree from a recognized university
Average Annual Salary	INR 70,00,000
Average Annual Fees	INR 15,00,000

What is MPhil in Business Administration?

MPhil in Business Administration is a 1-2 year research-based postgraduate program that provides good opportunities to students who wish to pursue a research-oriented career. It is also a preparatory course for the PhD program, which makes this course more attractive and worth doing. The program requires students to do advanced research and undergo rigorous research training.

MPhil in Business Administration is suitable for those who wish to:

• have knowledge, skills, and the competencies to do a higher level of research.
• pursue a PhD course in the future.
• pursue a career in teaching.
• possess knowledge of Business and Management Research Methodology, as well as various data analysis techniques and tools

Why study MPhil in Business Administration?

MPhil in Business Administration bridges the gap between a master’s degree and a PhD. Through this course, candidates learn about the nuances of research, acquiring skills and knowledge that would help them successfully pursue a full PhD program. Lucrative salary packages make this program the best pathway to enter the business research industry. It has been observed that the average salary after this course is around £101,000 (INR 1.01 cr) per annum. Research departments are in demand right now and will continue to be in the next 10-20 years making the researchers’ presence more valuable. 

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Universities OfferingPhil in Business Administration Abroad

Here is the list of the top universities offering the required course. Check them out!

The University of Manchester	MPhil in Business and Management
University of Sydney	MPhil in the Business
University of Cambridge	MPhil in Management
Bournemouth University	Master in the Philosophy
University of the Waikato	Master in Philosophy
University of Worcester	Business MPhil / Ph.D.

Click here to Calculate the Cost of Living and Studying in the UK

Universities Offering MPhil in Business Administration in India

There are colleges in India that offer this program which you can also consider. To know more, keep reading!

• Kalol Institute of Management (KIM), Kalol
• Madurai Institute of Social Sciences (MISS), Madurai
• Christ University, Bangalore
• Institute of Law, Nirma University (IOL-NU), Ahmedabad
• Karunya Institute of Technology, Coimbatore

Eligibility Criteria

To apply for an MPhil program,

• you must have graduated from a recognized institution with a bachelor’s and master’s degree related to the area of study you are interested in.
• Many universities prefer aspirants with research experience. 
• A research proposal may also be requested. 
• It is also required that students intending to earn this degree abroad complete IELTS or TOEFL, submit  SOP, and submit letters of recommendation.

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Admission Process

The process of applying to a university is the crucial part and you must consult and take the help of the experts. So, experts at Leverage Edu are here to help you out in each and every step of your admission stage.

For your reference, the process is listed below:

• Go to the website of the university you want to enrol in.
• Fill out the online form.
• Submit the required documents.
• Wait for the response and further instructions from the university.

Documents Required

In order to get into the MPhil programs, students must submit a long list of documents. Below are the documents students need:

• An updated CV in the correct format
• Copy of Passport or Visa (if available)
• A research proposal of at least 1000 to 1500 words
• Academic transcripts and certificates
• Certificate of English proficiency – IELTS/TOEFL/PTE Test/Duolingo 
• Personal Statements
• Reference Letters
• A formal application form

Cost of Studying MPhil in Business Administration

The cost of studying abroad would vary from one university to another but the average cost is mentioned below for your reference.

Countries	Average annual Fees
UK	£14,500 (INR 14,60,000)
Canada	$23,379 (INR 17,83,000)
India	INR 30,000

Career Scope

As a Master of Philosophy student in any sub-field, you can explore both public and private employment opportunities. Despite the fact that many people pursue MPhil in order to enter the academic arena or prepare themselves for a doctorate, the degree actually offers you a multitude of benefits. Your MPhil allows you to begin a career in research, the most prominent field in which to establish yourself. Students who have completed an MPhil from a reputed university have a higher chance of getting hired for a career of their choice after graduation. 

Job Profiles

These are the possible careers that you can choose with an MPhil degree:

• Researchers and developers
• Consultants
• Social Services
• Academic Institutions
• Publishing Houses
• Magazines and Newspapers
• Policy Analysis
• Public Administration

Average Salary

Country	Average Annual Salary
USA	$52,278 (INR 52,60,000)
India	INR 5,09,000
UK	£ 101,000 (INR 1,01,63,000)
Canada	C$73,000 (INR 44,43,000)

FAQs

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