Diploma In Business Management - Course, Fees, Admission, School, College, Scope & Job
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Diploma In Business Management - Course, Fees, Admission, School, College, Scope & Job

11 Jun,2021

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A diploma in business management is a one-year program that offers you an introduction to the skills that are needed for careers in the business management field. That prepares students for roles in a wide range of fields like Management, Accounting, and Marketing. A diploma in Business Management should be considered by those wishing to move into roles in business management. The short length of this course makes it easier for the students to learn more in a short duration. Through this business management course, the students can know about the various functional areas of management and various routes they have to pursue their careers.

The market is full of MBAs, PGDM grads and still, the demand is huge. Students can do a diploma in business management course after 10th, 12th, and graduation. The basic eligibility to do a diploma in business management is students must have done 10th and 12th class. This kind of diploma gives you business management awareness. This shows that you know how to manage people, you know the dos and don'ts of business administration. This is what makes consulting firms hire so many accountancy graduates with this diploma. A good way to learn about management is through real-world experience, but many people can't get that without a diploma. Whether you're starting or expanding a business, you'll be able to strengthen your skills and make better decisions with a diploma in business management. This course will be helpful in your day-to-day management.

A business is fundamentally a vehicle for implementing a strategy. Good business management consists largely of designing a good strategy, and ensuring that it's systematically executed by the right people in the organization. Business management consists of - how to set the stage for an optimal organization. Which is about making a specific set of decisions to accomplish a goal. Business management is a formal course where you learn about how to manage and lead people and groups. In practice, this means that courses in business management teach students theories and methods for motivation, leadership, teamwork, change management, organizational design, budgeting, and managing change."

Business management is the study of decision-making and strategy in an organization. You'll need a solid grasp of the basics of business management to be an effective business manager. Business managers are like master chess players who can see the whole board at once instead of focusing just on this or that piece. They are able to see what each part does and how each part fits together. These days every manager is expected to be accomplished while balancing strategic and operational activities and competing in a global economy that places new demands on organizations.

Responsibility of Business Manager:

  • Assess existing opportunities by running market size and competitor analyses. Identify new opportunities by brainstorming inbound customer acquisition and expansion.
  • Establish and make executives understand the company's goals and objectives.
  • In order to expand the business, it's essential that you develop a training program to bring new staff on board.
  • Regular staff evaluations are important to help determine where employees need improvement and what you need to do to improve them.
  • Design business strategies and plans that meet the company goals.
  • It's important to know that the company has enough resources to handle its obligations in the near future and thereafter.
  • Create a budget for monthly income and expenses.
  • Policy analysis is a great tool for making sure that your company adheres to legal standards.
  • Assess whether the company is running efficiently and effectively.

DIPLOMA IN BUSINESS MANAGEMENT: HIGHLIGHT 

Course name 

Diploma in Business Management

Course level 

Diploma 

Duration 

1-2 years 

Examination type 

Semester system 

Eligibility criteria 

10+2 and 50% in bachelors 

Admission process

Merit based 

Age 

Minimum 21 

Average fees 

INR 30,000 - INR 50,000

Top recruiting companies 

Amazon, Sapient Corporation, Snapdeal, Paypal, Reliance Communications, Tata Consultancy Services, Infosys Limited, Flipkart, etc.

Job positions 

Production Manager, Marketing Manager, Finance Manager, Business Analyst, Business Management Executive

Average salary 

INR 7,00,000 - INR 8,00,000 lakhs per annum 

ELIGIBILITY CRITERIA:

Applying for this course students should fulfill the eligibility criteria. The eligibility criteria differ from one institute to another institute. Let’s check out the basic eligibility criteria for a diploma in business management.

  • Students must have completed class 10th from a recognized education board.
  • Students must have done class 12th from a recognized or equivalent education board. 
  • Students who are seeking a diploma in business management after graduation then they must have done a graduate degree from a recognized university and must have scored 50% of marks in their graduate degree. 
  • Minimum marks are required in some institutes for admission, at least 45%-50% marks are required.  

Some institutes accept 10th passed students for admission in a diploma in business management but some institutes accept only class 12th passed out students. So the students are advised to check the eligibility criteria followed by the chosen institute. Even some institutes ask for work experience. 

DURATION OF THE DIPLOMA IN BUSINESS MANAGEMENT:

Students must check the duration of the course as it has different duration for each level of class. Most of the students want to pursue a diploma in business management course after completing tier class 10th or 12th. So they must be aware of the duration of the course while pursuing it as their career. A diploma in business management can be done by the students after 10th, 12th, and even graduation. 

  • For students who want to pursue a diploma in business management after completing class 10th then the duration will be of 3 years. 
  • Students who are pursuing a diploma in business management after completing 12th then the duration will be 2 years depending on the institutional norms regarding the duration of a diploma in business management. 
  • After completing graduation the course duration is of 1 year. 

A diploma in business management can be done in different formats like distance learning, regular mode, and even online mode. It can also be done in 3-6 months duration various institution offers short duration diploma in business management. 

ADMISSION PROCESS: DIPLOMA IN BUSINESS MANAGEMENT

Students have to get a certain minimum score in the class 12th examination to be considered for admission. Each institute has a different admission process for the Diploma in Business Management. 

  • It can be a merit-based, A merit-based admission process means that students are admitted based on their grades or scores. 
  • Or it can be direct admission to the institute.
  • If the admission process is merit-based then students will be selected based on the marks secured in the relevant board examination or diploma course. 
  • Seats are allotted to the students based on the marks secured by them. 

FEE STRUCTURE OF DIPLOMA IN BUSINESS MANAGEMENT:

The fee structure of a Diploma in Business Management depends on the institute. Each institute charges different fees from the students. As they charge according to the course facility they are giving and some additional facilities provided to the students. So each institute has a different fee structure for a diploma in business management course. The average fees that are being charged from the students are INR 30,000 - INR 50,000. We have shared some top colleges that are suitable for a diploma in business management course with the average fee. 

Top Colleges for Diploma in Business Management

Colleges

Average Fee

University of Mumbai

INR 1,600

Galgotias University

INR 45,000

Dr. Babasaheb Ambedkar Open University

INR 2,500

Madhya Pradesh (Open) University

INR 10,300

International Institute of Fashion Technology

INR 1,20,000

Mahatma Gandhi University

INR 70,000

Lovely Professional University

INR 49,000

Subharti Institute of Management and Commerce

INR 36,600

National Institute of Management

INR 38,700

ISBM University

INR 23,900

Education Institute of Management and Engineering Studies

INR 19,200

Skill Required in Business Management:

These are some skills that an individual must have while doing a diploma in business management:

1. Communication skills 

2. Technical skills (database management skills, Microsoft office skills)

3. Attention to detail

4. Written skills 

5. Time management 

6. Problem-solving skills

7. Supervising, team-working, and delegation 

8. Organizational skills 

9. General administrative skills 

10, Planning and research skills 

11. Customer service 

12. Budget management 

13. Resourcefulness

14. Social media management

Syllabus of Diploma in Business Management:

The course syllabus for a diploma in business management course is divided into 4 semesters. Students should check the syllabus of the Diploma in Business Management so that they can find out the course curriculum. Diploma in Business Management is for two years and it consists of 4 semesters. Students will study the management principles, management practices, marketing management, financial management, human resource management are some of the main topics of Business Management. We have mentioned the complete syllabus of a diploma in business management course. The syllabus of these two years is mentioned below:

Semester 1 (Diploma in Business Management)

1. Principles and Practices of Management

2. Organizational Behavior

3. Management Accounting

Semester 2 (Diploma in Business Management)

1. Production or Operations Management

2. Financial Management

3. Human Resource Management

Semester 3 (Diploma in Business Management)

1. Managerial Economics

2. Business Law

3. Elective 1

4. Elective 3

Semester 4 (Diploma in Business Management)

1. Marketing Management

2. Management Information Systems

3. Elective 2

4. Elective 4

Best books for Business Management:

1. Financial Management for Small Businesses

2. Strategic Management

3. Business Computers 365

4. Principles of Management

5. Principles of Accounting

6. Management Communication

SCOPE OF DIPLOMA IN BUSINESS MANAGEMENT:

A diploma in business management is often a general qualification, which is suited for jobs that require some knowledge of business and management principles. A degree in Business Management enables students to specialize in a particular field of business such as accounting, human resources, or marketing. Business Management diploma holders can work in any industry, and they can also specialize in different areas of management.

If you are a business management student, you will be able to find many opportunities that will allow you to apply what you have learned.  Students can apply for government and private jobs as skilled Business Management Professionals. The skills necessary for Government Jobs are acquired during the completion of business management courses by the students. Business Management jobs abroad are open for students who have sound knowledge about the various management techniques used while working in an organization.

Once you have the qualification, your job options are diverse, as long as the quality of your diploma in business management can back you up. And as we all know, a good qualification is a definite stepping stone in that direction, it's definitely a place to start. Various top recruiters recruit the students in their organization as Production Manager, Marketing Manager, Business Management Executive, Finance Manager, Business Management Researcher, etc. 

Top Recruiters:

1. Amazon

2. Tata Consultancy Services

3. Infosys Limited

4. Flipkart

5. Sapient Corporation

6. Snapdeal 

7. Paypal

8. Reliance Communications

JOB PROFILES IN DIPLOMA IN BUSINESS MANAGEMENT COURSE:

We have mentioned some job roles that can be opted by the students after completing a diploma in business management. Students can choose any job role according to their interests, skills, and preferences. 

1. Production Manager

2. Business Management Researcher

3. Marketing Manager

4. Business Management Executive

5. Finance Manager

6. Business Analyst (Cash Management)

7. Management Accountant

8. Business Consultant

9. Human Resource Manager

10. Business Development Manager

11. Research and Development Manager and more

The table below represents the typical job roles that students are offered after completing a diploma in business management by the top companies.
 

Job Profiles 

Description 

Average Salary 

Marketing Manager

A marketing manager is a person who creates promotional plans and implements them to make new and existing customers.

INR 6,00,000  to INR 7,00,000 lakhs per annum 

Business Analyst

A business analyst assesses an organization and its industry or market, business processes, and information systems to recommend ways to improve operations.

INR 7,00,000 to INR 8,00,000 lakhs per annum 

Finance manager

The Finance Manager ensures that the financial health of a company is on track across multiple areas. They are accountable for reporting, designing. 

INR 8,00,000 to INR 9,00,000 lakhs per annum 

Business Management Executive

The Business Management Executive oversees workers, facilitates training, and recruits new representatives in order to help an association meet its budgetary objectives.

INR 2,00,000 to INR 3,00,000 lakhs per annum 

Production Manager

The Product Manager is responsible for managing everything related to products - from presentation to promotion of the product. 

INR 7,00,000 to INR 8,00,000 lakhs per annum 

 

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