It is undeniable that most students pursue MBA to move a step forward in their lives and careers. But it may not be the right option for everyone due to various reasons – which include lack of finance, looking for different ways to educate yourself, etc. So, in this article, you will learn about MBA equivalent courses, their academic fee, job opportunities, duration, and work experience requirements.
After finishing a bachelor’s degree, or even if you are a working professional who is looking to enhance your knowledge base, you can choose from various other courses equivalent to MBA. Undoubtedly, MBA is a common degree, but not everyone is ready to follow the same trend. Of late, a lot of IT management, project management, and retail sector-focused management courses are highly in demand and more readily available than classical MBAs. Each of them comes with unique features.
So, without further ado, let’s know about some top MBA equivalent courses.
Master in Financial Management (MFM)
A career-oriented education program that aims at providing students with historical awareness of accounting and finance management, MFM is a two-year post-graduate program best suited for students who have prior knowledge of risk management and finance or have completed a project management certification. Concepts such as economic analysis, audit, monitoring, and organisation planning are covered under this program.
Eligibility Criteria: Graduation from a recognised university with a minimum of 50% marks for the general category and 45% for the reserved category.
Duration: 2 years
Work experience: Most colleges require the candidate to have a minimum of 2 years of prior work experience.
Job Opportunities: Insurance manager, chief financial officer.
Master in Management Studies (MMS)
MMS is a 2-year post-graduate course divided into four semesters. It is one of the high-paying courses in management and includes practical assignments, internships, and theoretical lectures. Similar to MBA, the course is open to students from all streams. Approved by AICTE, the course aims at providing management skills to learners.
Eligibility Criteria: Graduation from a recognised university in any field with a minimum of 50% marks for the general category and 45% for the reserved category.
Duration: 2 years
Job Opportunities: Brand manager, marketing manager, project manager, equity research analyst.
Master in Marketing Management (MMM)
The course is designed in a way to help students excel in a competitive marketing and multicultural climate. This management course not only makes learners familiar with leading market strategies but also aims to teach them how to create, incorporate, and advance marketing programs.
By completing this course, learners get a hold of the primary marketing components and learn how to implement them in dynamic scenarios. Moreover, they also learn to create client maintenance and adapt to ever-changing technology.
Eligibility Criteria: Graduation from an approved college or university in any field with a minimum of 50% marks.
Duration: 2 years
Job Opportunities: Marketing through social media, pay-per-click, search engine optimisation, and web design.
Post-Graduate Diploma in Management (PGDM)
A lot of diploma courses in management are gaining importance these days. One of the many MBA equivalent courses is PGDM. It is a two-year course that offers specialisation in subjects like marketing, banking, human resource, and international finance, among many others.
Many students and working professionals opt for this post-graduate program. This course aims at training their minds to solve the common complications in their jobs and industry.
Eligibility Criteria: Graduation from an approved college or university in any field with a minimum of 50% marks.
Duration: 2 years
Job Opportunities: Sales manager, supply chain manager, marketing manager, account manager, and advertising manager.
Masters in Retail Management
Masters in Retail Management is yet another MBA equivalent course that deals with retail management aspects. It is a two-year postgraduate program. It introduces the learners to new methods and principles in the functional management field. It familiarises them with the disciplines like accounting, retail technology, financial planning, economics, etc. Just like MBA, this course is open to applicants from any stream.
Eligibility Criteria: Graduation from an approved college or university in any field with a minimum of 50% marks.
Duration: 2 years
Job Opportunities: After completing the course, you can make your career as a Manager of restaurants, hotels, travel agencies, multiplexes, and franchise chains.
Accelerated MBA for Technical Professionals
Harappa, one of the renowned online institutes for social, behavioural, and cognitive skills, has entered India’s higher education landscape by offering the Accelerated Management Program (AMP) through the Harappa School of Leadership (HSoL). This program is specially designed for early-career professionals aiming to enter high-growth, in-demand roles in technology fields in the marketing, automation, and data-driven manufacturing industries.
As reported in Financial Express, AMP – the MBA-kind of the leadership-forward accelerated management program is the best option for working professionals.
Online Learning App
Tech professionals can instantly grab the Harappa Learning App to explore how they can supercharge their careers.
The app opens doors for you to learn from the experiences and work ethics of over 100 CEOs, industry experts and academics. The skill areas under focus are leadership, public speaking, critical thinking, negotiation, problem-solving, and interviewing. The app also has lessons on other important career skills required in the technology field.
Final Thoughts
We talked about MBA equivalent courses along with their key features. Please note that the eligibility of the courses may vary slightly from college to college. We have provided generalised criteria, which most of the colleges follow. All of these courses aim at developing critical thinking skills and enhancing your presentation and overall skills.
Earning an MBA degree also makes working professionals more successful in their careers.
Sit back and do a careful evaluation of these courses and choose the one that best suits your requirements. Good luck!
