MBA In Product Management Explained: Course Details, Fees, Syllabus, Colleges, Salary, Admission 2024

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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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.

Mode of study	Description
Executive MBA for Working Professionals	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.
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.
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.
Part-time MBA	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.
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.

IIM	Fees
IIM Bangalore Fees	INR 24.5 lakhs
IIM Mumbai Fees	INR 21 lakhs
IIM Kozhikode Fees	INR 19.5 lakhs
IIM Indore Fees	INR 21 lakhs

MBA in Product Management: Course Highlights

Here is the brief about an MBA in Product Management.

Duration of the program	2 years
Eligibility Criteria	Graduation in any discipline
Admission Procedure	Entrance-based/Merit-based
Course Fees	INR 3,50,000- INR 8,00,000
Starting Salary Average	INR 1 LPA to INR 8 LPA
Job Roles Offered	Business Intelligence Analyst, Business development manager, Human resource manager, sales manager, finance manager, operations manager, product manager, and many more.
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. 

Exam Name	Registration Date	Exam Date
ATMA	4th week of December, 2023 – 3rd week of February, 2024	4th week of February 2024
CAT	August 5 – September 21, 2024	November 26, 2024
XAT	July 15 – November 30, 2024	January 7, 2024
CMAT	2nd week of March 2024 Onwards	1st week of May 2024
NMAT	August 1 – October 12, 2024	October 10 – December 19, 2024
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:

MBA in Product Management: Syllabus
Semester 1	Semester 2
Management of Organizations - I Quantitative Techniques and Methods - I Managerial Economics - I Corporate Environment - I Business Skills Development - I Corporate Legal Environment - I Accounting for Managers - I	Management of Organizations - II Quantitative Techniques and Methods - II Managerial Economics - II Corporate Environment - II Business Skills Development - II Corporate Legal Environment - II Accounting for Managers - II
Semester 3	Semester 4
Management of International Business - I Business Policy and Strategic Management - I Summer Training Project - I Seminar	Management of International Business - II Business Policy and Strategic Management - II Summer Training Project - II Seminar

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Books for MBA in Product Management

Here are the books for the MBA in Product Management 

The Product Book: How to Become a Great Product Manager	Inspired: How To Create Products Customers Love
The Lean Product Playbook	Shape Up: Stop Running in Circles and Ship Work that Matter
Crossing the Chasm	The Mom Test: How to talk to customers & learn if your business is a good idea...
Outcomes Over Output: Why customer behavior is the key metric for business success	Measure What Matters: OKRs: The Simple Idea that Drives 10x Growth
Escaping the Build Trap: How Effective Product Management Creates Real Value	Hooked: How to Build Habit-Forming Products
Product Mindset: How to Get Inside Your Customer’s Mind	Ship It: Silicon Valley Product Managers Reveal All
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

College Name	Fees
IIT Roorkee - Indian Institute of Technology - [IITR], Roorkee	INR1,40,000
DMS - Department of Management Studies IIT, New Delhi	INR1,37,000
Jigsaw Academy, Bangalore	INR 14,30,000
Wisdom School of Management, Lucknow	INR 24,00,000
Institute of Product Leadership - [IPL], Bangalore	INR1,40,000
IIT Delhi - Indian Institute of Technology [IITD], New Delhi	INR1,37,000
Great Learning Institute, Gurgaon	INR 3,50,000
Alliance University, Bangalore	INR 60,000
Pacific Institute of Engineering and Management - [PIEM], New Delhi	INR 1,10,000
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.

College Name	Fees
IIT Roorkee - Indian Institute of Technology - [IITR], Roorkee	INR1,40,000
DMS - Department of Management Studies IIT, New Delhi	INR1,37,000
Great Learning Institute, Gurgaon	-
Management Development Institute, Murshidabad	INR 60,000
IIT Delhi - Indian Institute of Technology [IITD], New Delhi	INR1,37,000
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.

College Name	Fees
Jigsaw Academy, Bangalore	INR 14,30,000
Wisdom School of Management, Lucknow	INR 24,00,000
Management Development Institute - [MDI], Murshidabad	INR 60,000
Institute of Product Leadership - [IPL], Bangalore	INR1,40,000
Great Learning Institute, Gurgaon	INR 3,50,000
Alliance University, Bangalore	INR 60,000
Pacific Institute of Engineering and Management - [PIEM], New Delhi	INR 1,10,000
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. 

Course	Description
Doctorate of Philosophy(Ph.D.)	You can enroll in the PhD program, to get better insights about the research.
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.
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.

Company	Industry
BCG	Consulting
McKinsey	Consulting
Deloitte	Professional Services
Amazon	E-commerce, Technology
IBM	Technology
Accenture	Consulting, Technology
Tech Mahindra	IT, BPO
Hitachi	Diversified
Capgemini	IT, Consulting
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:

List of the universities offering MBA in product management
DMS - Department of Management Studies IIT, New Delhi	Great Learning Institute, Gurgaon
IIT Roorkee - Indian Institute of Technology, Roorkee	upGrad, Mumbai
Management Development Institute - MDI, Murshidabad	Institute of Product Leadership - IPL, Bangalore
Alliance University, Bangalore	Jigsaw Academy, Bangalore
IIT Delhi - Indian Institute of Technology, New Delhi	Pacific Institute of Engineering and Management - PIEM, New Delhi
Xavier Institute of Communications - XIC, Mumbai	Wisdom School of Management, Ghaziabad
JECRC University, Jaipur	Wisdom School of Management, Lucknow
Alliance School of Business - ASOB, Bangalore

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.