MBA in product management is among the top MBA specializations many students choose. This specialization helps expand the skill set, career prospects, and knowledge base that later allows you to get lucrative jobs and career opportunities in the competitive market. This program specialization is relatively new in the market and is evolving every day hence top universities and institutes are offering this program.
What is an MBA in Product Management?
An MBA in product management is a two-year postgraduate program offered by many B-Schools. Hence, the course curriculum is designed in a way that familiarises candidates with the different stages in the manufacturing of the product.
An MBA in product management combines management principles, business, product strategy, marketing, and innovation and offers the necessary skills to candidates that are essential for taking leadership roles in different industries.
As a student of an MBA in product management, you are expected to handle marketing, advertising, sales, positioning, and strategy, get insights from the customers, and feedback, and also look at the issues raised against the product.
In an MBA program, the candidates get an understanding of the business fundamentals, however, in an MBA in product management, candidates get an in-depth understanding of product ideation and brand creation.
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Students Also Ask |
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Why an MBA in Product Management?
The product management world is ever-evolving and dynamic. If you are well acquainted with marketing, business, and brand creation you can excel in this field. An MBA in product management equips you with such skills. This program takes you on a journey to make you understand these topics well.
Top Online Universities Offering MBA in Product Management
Many universities and institutes offer Online MBAs in product management. In the Online MBA program, the candidates are not required to visit the university. They can complete the program in online mode. Examination and assignment submission is done in online mode. After the completion of the Online MBA program in product management, the candidates will get an amazing job and career opportunities.
The candidates are not required to take the entrance examination to enroll in the online MBA program. They can enroll directly in the program by completing the basic eligibility criteria. Here are the top universities offering MBAs in product management.
- DY Patil University Pune Online
- Amity University Online
- Goa Institute of Management Online
- Manipal University Online
- Parul University Online
Different modes of MBA in product management
If you are interested in pursuing an MBA in product management you have options to enroll in many types of MBA programs. There are various modes of study that you can choose from. Here we have mentioned some of the modes of study of MBA in product management.
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Mode of study |
Description |
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This model is specially curated for the working professional. This mode of study helps working professionals with 3 to 5 years to study along with jobs. |
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On-Campus MBA |
If you can give dedicate two years solely to your studies you can enroll in the On-campus MBA program. There is no such flexibility for the students. |
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Online MBA |
The Online MBA in product management offers flexibility to the students. This mode of study helps the candidate study and do the job at the same time. |
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You can also enroll in the part-time MBA program. This program offers in-depth knowledge and skills related to the field. The candidate who are working professional mostly apply for this program. |
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One-year MBA program online |
You can take your career to the next level by enrolling in the one-year MBA program. The students can enroll in the program by taking with or without entrance examinations. |
MBA in Product Management for working professionals
Are you are a working professional with three to five years of work experience then you can enroll in the Executive MBA in product management. This program is specially offered to working executives making it feasible for them to study and work at the same time. Working professionals can easily enroll in this program after taking a simple test and later an interview. However, the eligibility criteria to enroll in this program is to have work experience of 3 to 5 years. The candidates can enroll in the IIM and IIT to enroll in this program. Apart from them many universities and institutes also offer EMBA programs.
MBA in product management from IIM
The candidate can enroll in the IIM which is the most prestigious institute in India, that offers an MBA in product management. To enroll in the IIM, the candidate must have to take the entrance examination like CAT, and GMAT. Here are the top IIMs that offer an MBA in product management.
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IIM |
Fees |
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INR 24.5 lakhs |
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INR 21 lakhs |
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INR 19.5 lakhs |
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INR 21 lakhs |
MBA in Product Management: Course Highlights
Here is the brief about an MBA in Product Management.
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Duration of the program |
2 years |
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Eligibility Criteria |
Graduation in any discipline |
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Admission Procedure |
Entrance-based/Merit-based |
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Course Fees |
INR 3,50,000- INR 8,00,000 |
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Starting Salary Average |
INR 1 LPA to INR 8 LPA |
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Job Roles Offered |
Business Intelligence Analyst, Business development manager, Human resource manager, sales manager, finance manager, operations manager, product manager, and many more. |
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Top Recruiters |
Flipkart, amex, Tomte India Pvt Ltd, Amazon, Google, and many more. |
MBA in Product Management Admission Process
If you are interested in taking admission to the MBA in Product Management program, you can enroll by fulfilling the eligibility criteria. Here are the steps to be followed:
- Step 1: The candidate must take entrance examinations like CAT, MAT, XAT, GATE and many more. This step is crucial to gaining admission to the regular MBA program. To enroll in the Online MBA program, the candidate is not required to take the entrance examination. They can enroll directly in the program.
- Step 2: Next the candidates are required to move to the next step. The candidate who passed in the entrance examination will be shortlisted for the next step of PI and GD rounds. This is again a crucial step. The candidate selected will be based on the scores of the PI+GD+ entrance examination.
- Step 3: Now the candidates are required to fill out the online application form of the university. The candidates are required to fill out the online application form with all the details and after that have to upload all the documents.
- Step 4: After the careful screening of the documents candidate gets shortlisted for the final admission.
- Step 5: After these steps, candidates can pay the fees on the University portal.
Also Read | MBA Admissions Process: Last Date, Selection Process, Exams!
MBA in Product Management: Eligibility Criteria
The candidates have to fulfill certain eligibility criteria to enroll in the MBA in Product Management program. Here we have mentioned some of the eligibility criteria to enroll in the MBA in product management:
- The candidates must be passed at the graduation level from a recognized university in any relevant field.
- The students must also pass the graduation level with at least 50% marks or a 6 GPA.
- The students must also clear MBA entrance examinations like CAT, MAT, XAT, and others.
Also Read | MBA Eligibility Criteria: Check MBA Qualification
MBA in Product Management Entrance examination
The students must clear the entrance examination to enroll in the regular MBA program in product management. The candidate can enroll in the program only after clearing any of the examinations. Here we have listed the top entrance examination for an MBA in product management.
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Exam Name |
Registration Date |
Exam Date |
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ATMA |
4th week of December, 2023 – 3rd week of February, 2024 |
4th week of February 2024 |
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CAT |
August 5 – September 21, 2024 |
November 26, 2024 |
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XAT |
July 15 – November 30, 2024 |
January 7, 2024 |
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CMAT |
2nd week of March 2024 Onwards |
1st week of May 2024 |
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NMAT |
August 1 – October 12, 2024 |
October 10 – December 19, 2024 |
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SNAP |
August 23 – November 23, 2024 |
Test 1: December 10, 2024 Test 2: December 17, 2024 Test 3: December 22, 2024 |
How to prepare for the MBA product management entrance examination?
If you are looking to enroll in the MBA program in the upcoming academic year wait no more, you can take admission by just clearing the entrance examination. The entrance examinations are difficult and hence it is important to have the right strategy to clear this examination:
- The candidate should read the newspaper daily, and should also ensure to make notes out of it. The CAT aspirant needs to know about the details of happening in the world.
- The candidates must also revise the topics that are read earlier. This helps the candidate get a stronger grip on the concepts.
- The candidate must also take the practice of the sample papers. This helps build the concepts stronger.
- They must also attempt the previous year's papers. This helps the students understand the level of the examination.
- You must also make short notes on each topic to ensure quick revision.
- Students must also start attempting the mock tests within the stipulated time. This will help the candidate understand the importance of time management.
- Attempt the sample papers at the same time as the actual examination will be conducted. This will give a deep understanding of the examination.
MBA in Product Management: Syllabus
Here is the syllabus for the MBA in Product Management:
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MBA in Product Management: Syllabus |
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Semester 1 |
Semester 2 |
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Semester 3 |
Semester 4 |
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Books for MBA in Product Management
Here are the books for the MBA in Product Management
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The Product Book: How to Become a Great Product Manager |
Inspired: How To Create Products Customers Love |
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The Lean Product Playbook |
Shape Up: Stop Running in Circles and Ship Work that Matter |
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Crossing the Chasm |
The Mom Test: How to talk to customers & learn if your business is a good idea... |
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Outcomes Over Output: Why customer behavior is the key metric for business success |
Measure What Matters: OKRs: The Simple Idea that Drives 10x Growth |
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Escaping the Build Trap: How Effective Product Management Creates Real Value |
Hooked: How to Build Habit-Forming Products |
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Product Mindset: How to Get Inside Your Customer’s Mind |
Ship It: Silicon Valley Product Managers Reveal All |
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The Making of Manager: What to Do When Everyone Looks to You |
The Lean Startup |
Fees of the Top Universities offering MBA in product management
Here are the fees of Top Universities offering MBA in product management
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College Name |
Fees |
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IIT Roorkee - Indian Institute of Technology - [IITR], Roorkee |
INR1,40,000 |
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DMS - Department of Management Studies IIT, New Delhi |
INR1,37,000 |
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Jigsaw Academy, Bangalore |
INR 14,30,000 |
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Wisdom School of Management, Lucknow |
INR 24,00,000 |
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Institute of Product Leadership - [IPL], Bangalore |
INR1,40,000 |
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IIT Delhi - Indian Institute of Technology [IITD], New Delhi |
INR1,37,000 |
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Great Learning Institute, Gurgaon |
INR 3,50,000 |
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Alliance University, Bangalore |
INR 60,000 |
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Pacific Institute of Engineering and Management - [PIEM], New Delhi |
INR 1,10,000 |
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Management Development Institute - [MDI], Murshidabad |
INR 60,000 |
Fees in the Government Colleges Offering MBA in product management
Here are the fees of the Government Colleges offering MBA in Product Management.
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College Name |
Fees |
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IIT Roorkee - Indian Institute of Technology - [IITR], Roorkee |
INR1,40,000 |
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DMS - Department of Management Studies IIT, New Delhi |
INR1,37,000 |
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Great Learning Institute, Gurgaon |
- |
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Management Development Institute, Murshidabad |
INR 60,000 |
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IIT Delhi - Indian Institute of Technology [IITD], New Delhi |
INR1,37,000 |
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JK Lakshmipat University, Jaipur |
INR 24,50,000 |
Fees in the Private Colleges Offering MBA in product management
Here are the fees of the Private Colleges offering an MBA in Product Management.
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College Name |
Fees |
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Jigsaw Academy, Bangalore |
INR 14,30,000 |
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Wisdom School of Management, Lucknow |
INR 24,00,000 |
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Management Development Institute - [MDI], Murshidabad |
INR 60,000 |
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Institute of Product Leadership - [IPL], Bangalore |
INR1,40,000 |
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Great Learning Institute, Gurgaon |
INR 3,50,000 |
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Alliance University, Bangalore |
INR 60,000 |
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Pacific Institute of Engineering and Management - [PIEM], New Delhi |
INR 1,10,000 |
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Wisdom School of Management, Ghaziabad |
INR 11,00,000 |
Also Read | MBA Fees Structure In India!
What courses can you pursue after an MBA in product management?
After completing the MBA in Product Management, the candidates can appear in various courses.
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Course |
Description |
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Doctorate of Philosophy(Ph.D.) |
You can enroll in the PhD program, to get better insights about the research. |
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Certification courses |
You can also enroll in certificate programs from various platforms for courses like Software/product management, which helps boost skills and enhance credibility. |
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Pursue Job |
You can also pursue a job after an MBA in product management. You can enroll in roles like marketing manager, product manager, and many more. |
Salary and Job roles after MBA in Product Management
After completing the MBA in Product Management you can pursue many job roles. Here we have given top MBA in product management jobs.
- Product Manager: The candidate can also become a product manager after the completion of the MBA in product management. The salary of the product manager after the completion of the MBA in product management ranges between INR 5.5 lakhs to INR 38 lakhs and above, with an average salary of INR 21.6 lakhs.
Source: Ambition Box
- Production Manager: The main role of the production manager is to handle the technical management, controlling the industrial production process and supervision. The production managers ensure that the production and manufacturing activities are running efficiently. The average salary of the production managers is INR 13.9 Lakhs.
Source: Ambition Box
- Senior Technical Manager: The Senior technical manager is responsible for overseeing the execution, planning, and delivery of complex IT solutions and projects. They are responsible for handling teams of technical experts, and also ensuring quality checks, communicating with stakeholders, and resolving other issues. The salary of the Senior technical manager ranges between INR 9. Lakhs to INR 47.2 lakhs. The average salary of the senior technical manager is around INR 28 Lakhs.
Source: Ambition Box
- Floor Shop Manager: The main role of the floor shop manager includes managing staff by assigning tasks, providing feedback, monitoring performance, and many more. They also ensure customer satisfaction. The average salary of the floor shop manager is INR 1.2 lakhs to INR INR 6.5 lakhs with the average salary ranges between INR 3.2 lakhs.
Source: Ambition Box
- Purchase manager: After the completion of the MBA in product management you can also become a purchase manager. In this profile, candidates have to ensure the organization of the material and supplies to meet the demand by minimizing the cost and ensuring to supply of the best quality. The salary of the purchase manager is INR 3 Lakhs to INR 18.5 lakhs, with an average salary of INR 10.9 lakhs.
Source: Ambition Box
- Business Process Manager: The main role of the business process manager is to oversee the management of the company process from the beginning to the end. Their responsibilities include analyzing and evaluating, designing and improving, monitoring and controlling, communicating, training, collaborating, and many more. The salary of the business process manager in India is INR 4.1 lakhs to INR 34.0 lakhs with an average salary of INR 15.3 lakhs.
Source: Ambition Box
MBA Product Management Top Recruiters
Here are the top recruiters that offer jobs to MBA Product management graduates.
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Company |
Industry |
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BCG |
Consulting |
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McKinsey |
Consulting |
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Deloitte |
Professional Services |
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Amazon |
E-commerce, Technology |
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IBM |
Technology |
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Accenture |
Consulting, Technology |
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Tech Mahindra |
IT, BPO |
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Hitachi |
Diversified |
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Capgemini |
IT, Consulting |
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Infosys |
IT, Consulting |
List of the universities offering MBA in product management
Many Universities and institutes offer MBAs in Product management. Here are the top universities and institutes offering MBA in Product management:
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List of the universities offering MBA in product management |
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DMS - Department of Management Studies IIT, New Delhi |
Great Learning Institute, Gurgaon |
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IIT Roorkee - Indian Institute of Technology, Roorkee |
upGrad, Mumbai |
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Management Development Institute - MDI, Murshidabad |
Institute of Product Leadership - IPL, Bangalore |
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Alliance University, Bangalore |
Jigsaw Academy, Bangalore |
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IIT Delhi - Indian Institute of Technology, New Delhi |
Pacific Institute of Engineering and Management - PIEM, New Delhi |
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Xavier Institute of Communications - XIC, Mumbai |
Wisdom School of Management, Ghaziabad |
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JECRC University, Jaipur |
Wisdom School of Management, Lucknow |
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Alliance School of Business - ASOB, Bangalore |
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Conclusion
The candidates can enroll in the regular MBA program in product management, but this can be done only after taking the entrance examination. To enroll in the MBA in product management directly without taking any entrance examination, you need to enroll in the online MBA in product management program. The value of the Online MBA program is at par with the regular degree and valid for all types of employment.
