MBA in Innovation Management : Eligibility, Entrance Exams, Admission 2025, Colleges, Jobs, and Salary
MBA in Innovation Management is a 2-year postgraduate program that focuses on fostering creativity, managing innovation processes, product development, and strategic change in organizations. Students learn to create innovative business models, manage R&D, implement disruptive technologies, and lead transformation projects.
Candidates must hold a bachelor’s degree from a recognized university with a minimum of 50% marks. Admission is generally based on national or state-level entrance exams such as CAT, MAT, XAT, CMAT, NMAT, SNAP, or institute-specific exams, followed by group discussions and personal interviews.
Top colleges offering this specialization include IIMs, SPJIMR Mumbai, MDI Gurgaon, IMT Ghaziabad, Amity University, and Christ University.
The course fee typically ranges from INR 3,00,000 to INR 25,00,000 depending on the institute.
Graduates can work as Innovation Managers, Product Development Managers, R&D Managers, Business Strategy Consultants, and Corporate Transformation Managers.
The average salary ranges from INR 5–20 LPA depending on experience, profile, and organization.
MBA Innovation Management Highlights
| Particulars | Details |
|---|---|
| Course Name | MBA in Innovation Management |
| Level of Study | Postgraduation |
| Duration | 2 Years (Full-Time) |
| Eligibility Criteria | Bachelor’s degree with minimum 50% marks |
| Entrance Exams | CAT, MAT, XAT, CMAT, NMAT, SNAP, or institute-specific exams |
| Admission Process | Entrance-based / Merit-based, followed by GD & PI |
| Course Fee | INR 3,00,000 – 25,00,000 |
| Colleges / Universities | IIMs, SPJIMR Mumbai, MDI Gurgaon, IMT Ghaziabad, Amity University, Christ University |
| Average Salary | INR 5 – 20 LPA |
| Job Roles | Innovation Manager, Product Development Manager, R&D Manager, Business Strategy Consultant, Corporate Transformation Manager |
Why Pursue MBA in Innovation Management?
- Career Growth: High demand for professionals who can lead innovation and transformation in companies.
- Strategic Roles: Opportunities in product development, R&D, corporate strategy, and entrepreneurship.
- Skill Development: Learn creativity, innovation strategy, design thinking, and change management.
- Global Exposure: Skills applicable across industries worldwide.
- Entrepreneurial Advantage: Ability to launch startups or lead innovative projects within organizations.
Eligibility Criteria
- Educational Qualification: Bachelor’s degree in any discipline from a recognized university.
- Minimum Marks: Usually 50% (relaxation for reserved categories).
- Entrance Exams: CAT, MAT, XAT, CMAT, SNAP, NMAT, or institute-specific exams.
- Work Experience: Optional; preferred by top institutes.
Top Colleges for MBA Innovation Management and Fees
| College | Total Course Fee | Accepted Entrance Exams |
|---|---|---|
| SP Jain Institute of Management and Research (SPJIMR), Mumbai | INR 20,42,000 | CAT, XAT, GMAT |
| MDI, Gurgaon | INR 24,17,400 | CAT |
| IMT Ghaziabad | INR 15,00,000 | CAT, MAT, CMAT |
| Amity University, Noida | INR 12,00,000 | CAT, MAT, XAT, NMAT |
| Christ University, Bangalore | INR 8,50,000 | CAT, MAT, CMAT, XAT, Institute Selection |
MBA Innovation Management Syllabus
The curriculum integrates management fundamentals with innovation and strategy-focused subjects:
| Semester 1 | Semester 2 |
|---|---|
| Principles of Management | Innovation Strategy & Management |
| Managerial Economics | Product Development & Design Thinking |
| Business Communication | R&D Management |
| Accounting & Finance for Managers | Change & Transformation Management |
| Marketing Management | Entrepreneurship & Startups |
| Quantitative Techniques | Summer Internship / Project Work |
Jobs & Salary
Graduates can work in innovation departments, product development, consulting, or as strategy managers:
| Job Title | Top Recruiters | Experience Level | Average Salary (per annum) |
|---|---|---|---|
| Innovation Manager | Reliance, Infosys, TCS | 2–5 years | INR 8–15 LPA |
| Product Development Manager | Amazon, Flipkart, Google | 3–6 years | INR 10–20 LPA |
| R&D Manager | GE, Bosch, Siemens | 3–7 years | INR 9–18 LPA |
| Business Strategy Consultant | McKinsey, BCG, Deloitte | 2–5 years | INR 8–16 LPA |
| Corporate Transformation Manager | Accenture, Cognizant | 4–8 years | INR 12–20 LPA |
FAQs
Yes, it opens roles in strategy, product development, R&D, and entrepreneurial ventures.
Yes, any graduate can pursue it, though technical background may help in product-based industries.
Yes, entrepreneurship, startups, and design thinking are integral parts of the syllabus.
INR 5–10 LPA for freshers, depending on the institute and company.
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