Diploma in Business Management

Diploma in Business Management is a short-term certificate program that prepares students for roles in a wide range of fields like accounting, marketing, and management. Amongst the choicest diploma courses, this 1-year course equips students with the necessary skills to build a strong foundation in this field. Not only is the program less expensive but it also prepares students to work in many countries in a range of cultures. In this blog, we will discuss some important details pertaining to a diploma in Business Management. 

Degree	Diploma
Full-Form	Diploma in Business Management
Duration	1 Year
Age	Minimum 21
Eligibility	45 to 55% in bachelors
Admissions	Merit-based
Average Fees	INR 30,000 – INR 50,000

What is a Diploma in Business Management?

Commonly offered as a 1-year short-term course, a Diploma in Business Management aims to impart learners with the knowledge of the different operations of a business as well as the essential principles of management. Further, students get to explore the varied disciplines of Business and Management and are equipped with the key skills and abilities to handle an organization efficiently.

Why Study Diploma in Business Management?

Following are some of the reasons for taking up the Diploma in Business Management:

• A large number of job opportunities across different sectors are being created for people with a diploma in business management.
• It enables individuals to make better financial decisions, analyse data and predict business statistics more accurately.
• Access to better management skills and industry insights is required to create a strong business foundation.

Subjects Covered in Business Management

Here are some of the subjects you will study in a Diploma in Business Management:

Human Resources	Business Economics	Business Law and Policy
Marketing Principles	Financial Accounting	Entrepreneurship Basics
Business Communication	Project Management

Eligibility Criteria

Though the actual course requirements will surely differ from one university to another, the minimum requirement you need to opt for a Diploma in Business Management is:

1. 10+2 education from a recognized board with the minimum marks specified by your chosen university.
2. If you aim to study this course abroad, then you will be required to submit language proficiency scores of IELTS, TOEFL, PTE, etc. along with a Statement of Purpose (SOP) as well as optional Letters of Recommendation (LORs).

Best Universities for Diploma in Business Management Abroad

With the increase in demand for business professionals, universities across the globe have started offering degrees at various levels in this field. Canada, Australia, the UK, and New Zealand are some of the best destinations to pursue a diploma in Business Management. Given below is a list of the universities offering this diploma program across the globe. 

• Auckland University of Technology, Australia
• University of California, Riverside IEP
• Centennial College, Canada
• Victoria University, Canada
• McGill University, Canada
• Singapore Institute of Management, Singapore
• Suzhou Centennial College, China
• Humber College, Canada
• Concordia University, Canada
• Toi Ohomai Institute of Technology, New Zealand
• PSB Academy, Singapore
• The University of Adelaide, Australia
• Sheridan College, Canada
• Wellington Institute of Technology, New Zealand
• Fanshawe College, Canada
• The University of Regina, Canada
• Vision College, New Zealand

Best Universities for Diploma in Business Management in India

There are a number of colleges in India as well which offer the Diploma in Business Management

College Name	Average Annual Fees
Symbiosis International University, Pune	INR 2,88,000
WLCI School of Fashion, Pune	INR 4,35,000
ITM Business School, Mumbai	INR 4,65,000
Indian School of Business Management and Administration, Hyderabad	INR 30,900
GD Goenka University, Gurgaon	INR 2,60,000
School of Inspired Leadership, Gurgaon	INR 4,49,000

Job Profiles

The curriculum of the diploma in Business Management is designed to equip students with essential skills in less time. There are countless entry-level jobs in management that you, as a diploma holder, can apply for. Some of the most suitable job profiles are given below. 

Production Manager

The primary responsibility of a Production Manager is to identify, analyze, and address issues related to areas like finance, production, and employment. You will also be required to devise production strategies and set product pricing.

Marketing Manager

The role of the Marketing Manager is to cater to the marketing needs of a company. As a Marketing Manager, you will be responsible for developing and implementing marketing strategies to expand the clientele and retain the existing ones.

Finance Manager

From reviewing financial reports to finding a suitable market for business activities, the Finance Manager’s primary responsibility is to find ways to increase the profitability of the company.

Business Analyst

This job is one of the most pursued career paths in the field of Business Management. Typical duties include developing and updating the already existing business strategies keeping in mind the market trends.  

Along with these, you can explore the following career profiles after completing a Diploma in Business Management:

• Business Development Manager
• Information Systems Manager
• Business Performance Management Trainee
• Management Accountant
• Business Consultant
• Entrepreneur
• Production Manager
• Business Management Researcher
• Marketing Manager
• Business Management Executive
• Finance Manager
• Business Analyst (Cash Management)
• Management Accountant
• Human Resource Manager
• Business Development Manager
• Research and Development Manager

Top Recruiters

• Amazon
• Tata Consultancy Services
• Infosys
• Flipkart
• Sapient Corporation
• Snapdeal
• Paytm
• Paypal
• Reliance

Average Salary

The starting salary of an individual who has a diploma in business management is INR 2-3 lakhs per annum in India. It is USD 20,000-30,000 per year abroad. This is an average amount and will vary from country to country.

Scope

There are a number of paths that open up for students when they complete their diploma in business management. Some of them are:

• Applying for government and private jobs as skilled Management professionals becomes an option.
• Administrative positions in companies become available for candidates.
• Since managerial and business knowledge is gained, further education such as an MBA, Masters in Management, etc can be taken up to further enhance. Some foreign universities and colleges may even allow you to transfer your credits into your master’s degrees.

FAQs

Thus, a diploma in Business Management opens up the doors to an array of career opportunities. You can always reach out to our experts at Leverage Edu to know more about diploma and degree programs offered in the field of Business Management and we’ll guide you in selecting the right course and university as well as throughout the application process to help you get successfully shortlisted.