MBA in Product Management: Salary, Syllabus, Fees

In today’s fast-paced business world, a product manager plays a crucial role in ensuring the success of a product. They are responsible for managing the entire lifecycle of a product, from ideation to launch and beyond. As a result, many individuals aspire to pursue a career in product management. One of the best ways to do so is by obtaining an MBA in Product Management.

An MBA in Product Management is a two-year postgraduate course that provides students with the knowledge and skills required to succeed in this field. In this article, we’ll take a comprehensive look at the MBA in Product Management Salary, Syllabus, Eligibility Criteria, Admission Process, and Fees.

Name of the Course	MBA in Product Management
Course Level	Post Graduate
Course Type	Degree
Course Duration	2 Years
Exam Type	Semester System
Eligibility	Undergraduate Degree from a recognized university
Admission Process	Entrance/Merit Based

What is MBA Product Management 

MBA in Product Management is a postgraduate degree program that focuses on teaching students the skills and knowledge required to manage the development and marketing of a product. This course is designed to equip students with the ability to identify customer needs, analyze market trends, and develop effective strategies to ensure the success of a product in the market.

Why Study MBA in Product Management 

There are several reasons why one should consider studying for an MBA in Product Management:

MBA in Product Management is a postgraduate degree program that focuses on teaching students the skills and knowledge required to manage the development and marketing of a product. 

• This course is designed to equip students with the ability to identify customer needs, analyze market trends, and develop effective strategies to ensure the success of a product in the market.
• This course focuses on teaching students the skills and knowledge required to manage the development and marketing of a product.
• Product management requires individuals to possess excellent analytical and leadership skills. An MBA in Product Management helps students develop these skills through various exercises and activities.

Must Read– How to Become a Product Manager 

Indian Colleges offering MBA product Management Program

There are several colleges in India that offer MBA in Products Management program, here is the following college.

College	Location	Average Fee
SIBM	Pune	10LPA
Allahan Institute of Management	Pune	92,000
Symbiosis Institute of Business Management	Bangalore	10LPA
Indian Institute of Management and Research	Bangalore	8LPA
OP Jindal Global University	Haryana	4.5LPA
Ramjhas College	Delhi	25,000
JK Business School	Gurgaon	93,000

Universities Abroad Offering MBA Product Management Programs

There are several colleges In Abroad that offer MBA in Product Management program, here is the following college 

Name of the University	QS World University Rankings 2023	Average Annual Fee
University Of East London	800-1000	INR 16.00 Lakh
University Of Canada West	–	INR 12.00 Lakh
Harvard University	5	INR 61.00 -70.00 Lakh
Victoria University	701-750	INR 19.00 Lakh
University of Alberta	110	INR 17.00 Lakh
University Of Toronto	=34	INR 27.00 Lakh -41.00 Lakh
Cardiff Metropolitan University	116	INR 17.00 Lakh

MBA in Product Management Syllabus

The MBA in product management subject list differs according  to the specialization which totally depends on the choice of candidate, here is the list of subjects that you need to cover while studying the MBA product Management Program 

Semester I	Semester II
Management of Organisation I	Management of Organisation II
Quantitative technique and Method I	Quantitative technique and Method II
Managerial Economics I	Managerial Economics II
Corporate Environment I	Corporate Environment II
Business Skills Development I	Business Skills Development II
Corporate Legal Environment I	Corporate Legal Environment II
Accounting for Manager I	Accounting for Manager II

Semester III	Semester IV
Management of International Business I	Management of International Business II
Business Policy and Strategic Management I	Business Policy and Strategic Management II
Summer Traning Project I	Summer Traning Project II
Seminar I	Seminar II
Specialisation Group A (two papers of each specialization will be offered)	Specialisation Group A (two papers of each specialization will be offered)
Specialisation Group B (two papers of each specialization will be offered)	Specialisation Group B (two papers of each specialization will be offered)
Specialisation Group C  (two papers of each specialization will be offered)	Specialisation Group C  (two papers of each specialization will be offered)

Course Comparision 

Below given table shows the difference between MBA in Product Management and PGDM in Product management 

Parameter	MBA in Product Management	PGDM in Product management
Course Level	Post Graduation	Post Graduation
Full Form	Master of Business Administration	Post Graduate Diploma  in Management
Course Type	Degree	Diploma
Course Duration	2 Yeara	1-2 Year
Course Eligibility	Graduation with 50% aggregate	Graduation with 50% aggregate
Entrance exam	GMAT, XMAT, SNAP,CAT,CMAT	GMAT, XMAT, SNAP,CAT,CMAT

Must Read– MBA in Finance 

Skills Required to Purse MBA in Product Management  

These are some skills required to pursue MBA in Products Management

• Good Communication Skill
• Managerial skill
• Tema Player
• Analytical skill
• Pro-Active 
• Leadership skill
• Problem-solving skill
• Creative Mindset 

Eligibility 

To be eligible for an MBA in Product Management, candidates must meet the following criteria:

• A Bachelor’s degree in any field from a recognized university
• A minimum of two years of work experience in product management or a related field
• A valid score in an entrance exam such as CAT, XAT, GMAT, or GRE
• Proficiency in the English language (if applying to an international institute)

English Proficiency Test

If you are looking to pursue this course from abroad students need to fulfil the English test requirement, here are the eligible score 

IELTS	Overall 6.5
TOEFL	Above 91
PTE	Above 57
Duolingo	Above110

Accepted Entrance Exam 

Entrance exams are the common and important process to get a good college option these are the main entrance exams 

XAT	MAT	GMAT	EMAT
CMAT	CAT	PGCAT	SNAP

Admission Process

The admission process for an MBA in Product Management can differ from one institute to another. Here are some general steps involved in the admission process:

• Application: Candidates must submit an online application form along with the required documents such as transcripts, work experience certificates, and entrance exam scores.
• Entrance Exam: Candidates must appear for an entrance exam such as CAT, XAT, GMAT, or GRE.
• Group Discussion and Personal Interview: Shortlisted candidates are called for a group discussion and personal interview round.
• Final Selection: Candidates are selected based on their performance in the entrance exam, group discussion, personal interview, work experience, and academic record.

Documents Required

List of Documents required for the admission process for MBA Product Management 

• Updated Cv/ Resume 
• Passport
• Academic Certificate/ Marksheets 
• Letter of Recommendation
• Statement of Purpose 
• Application Form
• Entrance Exam Scorecard 

Scope and Career Options

MBA in Product Management can be a great career choice for individuals who wish to develop the skills and knowledge required to excel in the field of product management.

• Graduates of this course can pursue careers in various industries such as technology, retail, e-commerce, healthcare, and more.
• They can take up roles such as Product Manager, Senior Product Manager, Director of Product Management, Product Marketing Manager, and more.
• Also after completing MBA in product management you can explore all these employment areas such as e-commerce, Hospitality & Telecom,  Manufacturing, Advertising, Market Research, Finance, Automobile firm, 
• After completing this course you can also explore further study, you can go for Ph.D., Mphil program.

Jobs and Salary

MBA in Product Management Salary:

The salary for an MBA in Product Management can vary widely depending on various factors such as industry, job title, experience, and location. Here are some estimated salary ranges for different job titles:

Jobs Profile	Salary in US$	Salary in INR
Product Manager	$80,000 to $150,000 per annum	INR 65.45 Lakh
Senior Product Manager	$120,000 to $200,000 per annum	INR 98.18 Lakh
Director of Product Management	$150,000 to $300,000 per annum	INR 1.22 Cr

Must Read- MBA Courses, Entrance Exam, Syllabus 

Top Recruiters 

These are the top companies that hire MBA products management degree holder

• TATA 
• TCS 
• Vedanta 
• Wenglar and Watson 
• HCL
• HSBC
• Nokia 
• Amazon
• Boson Consulting Group 
• Cipla 
• Cisco
• E&Y

FAQs:

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