Master of Management by Indian Institute of Science( M Mgt by IISc): AI Monks’ View

Master of Management by IISc- AI Monks’ View: Master of Management (M Mgt by IISc) program offered by the DoMS, Indian Institute of Science, is a 24-months Post Graduate course in Management for engineering graduates.

Let us help you decide if the Master of Management course by the Indian Institute of Science is the right preference for you. 

About the Indian Institute of Science

Established in 1909 by a partnership between the industrialist Jamsetji Nusserwanji Tata, the Mysore royal family & the GOI, the Indian Institute of Science has become India’s premier institute for advanced scientific and technological research and education.

IISc’s Department of Management Studies is a premier research institute of higher learning. It positions itself to train students in futuristic areas like business analytics, policy analysis, and technology management.

Course Structure

Let’s look at the course structure of the M Mgt program by IISc.

COURSE WORK DETAILS:

• Core Courses ~ 24 credit
• Stream Courses ~ 12 credits
• Electives ~ 12 credits
• Project work ~ 16 credits
• Total ~ 64 credits

If we look at the Hard Core courses(24 credits), we can notice that all the courses are management related. In contrast, the Stream Courses(12 credits) decide what they want to specialize in, Technology Management, or Business Analytics.

Additionally, there are various Electives(12 credits) to choose from, not only from the Department of Management Studies but also from other departments. Here’s a list of electives from which students can select the electives. 

The wide range of electives allows the students to choose Analytics related courses making the credit score for management courses (Hard Core Courses) and analytics courses(Stream Courses + Electives) the same, i.e., 24 each. Hence, you get an opportunity to be flexible about the courses you want to opt for.

Fee

The fee structure is split into tuition fees, gymkhana fees, other academic fees, student emergency funds, and refundable fees for statutory and library deposit, making it a total of INR166,500.

As compared to IIMs’ INR20+Lakhs fee, this 2-year course is comparatively very economical. 

Scholarships

Unlike other prestigious institutes, IISc’s M Mgt students are not entitled to any kind of scholarship.

Brand Name

IISc’ DoMS is one of the oldest departments of management in India and can be traced back to 1947. Established in collaboration with Tata, the Mysore Royal family, and the GOI makes it an extremely prestigious brand name. 

Research

Since IISc is a research institute, students have instant access to state-of-the-art-technology. The institute also gets research fundings from national and international agencies to motivate continuous, innovative research.

The IISc’s DoMS organizes the Consortium of Students in Management Research(COSMAR), an annual International Research Consortium, purely not-for-profit student-driven academic event.

The research initiative has attracted some of the best research in management & allied disciplines from institutions of high repute and academic standing from all over the country such as the IIMs, the IITs, the NITs, ISI, IRMA, JNU, MDI Gurgaon, IGIDR, XLRI Jamshedpur, XIM Bhubaneswar, and ISEC, to name a few.

Students can benefit from these allies. 

Intake

Unlike IIMs and IITs, IISc reserves its yearly M Mgt intakes to 19. This not only ensures more interactive classes but also enables a bond between the faculty and the students. Also, being one among the 19 is definitely a confidence booster.

Faculty

The Faculty Members of Master of Management courses by MoDS and IISc are mostly from IIMs and IITs and are Ph. D. holders. 

Facilities

The MoDS offers hostel and mess facilities to its students. Moreover, there are computerized branches of Canara Bank & State Bank of India, travel agencies for domestic/international travel, book shops, restaurants, provision stores & an amenities hall. In addition to an in-house Health Centre, the campus also offers Gymkhana facilities, swimming pools, and recreational clubs.

Academic Infrastructure

The IISc offers:

• Multimedia Class Room with LCD projector, Video Conferencing HPC machines with 40 and 32 cores, and Nvidia Telsa GPU cards.
• Computer Laboratory with over 50 computers
• Full-fledged classroom with all teaching aids.
• Statistical Software Packages and databases for management teaching and research

Situated at the IT hub

Since IISc is located at the country’s IT hub, i.e., Bangalore, the institute collaborates with various companies. Some of them are Bharat Electronics Ltd, Canara Bank, Hindustan Unilever Ltd, ITC infotech, Larsen & Toubro Ltd, among many others. 

Placements

Given the previous track record, IISc offers 100% placements to its students at top companies with the highest salary recorded at INR 40 Lakh pa while the minimum was less than INR10 Lakh. 

Summer Internship

The M Mgt course has a mandatory three months summer internship program. The internship takes place from May to July. A 3 months duration is suitable not just to learn the theoretical aspect of a real-world business problem, but also to get to the application part. 

Conclusion

To sum up, we could say that the Master of Management course offered by IISc could be a great option for students willing to get deep into the application and research process. The fee is quite affordable, hence making this a good choice, plus a hundred percent placement definitely looks good. 

Read More: Advanced Management Program in Business Analytics by Indian School of Business: AI Monks’ View

We hope the Master of Management by IISc– AI Monks’ View might have helped you decide if this is the right course for you.

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