Diploma in Business Management is a 1-year program whose eligibility criteria include candidates having completed their bachelor’s degree from a recognized college or university with 45% – 55% aggregate score. Diploma in Business Management deals with providing education about the basics of management and prepares you for the evolving world of Business. It is the best course for students interested in acquiring business and management skills right after graduation. Although some institutes give admission to the 10th passed students. The total duration of the course is 1-year and provides students with an extensive understanding and knowledge of the practices and principles behind basic business management topics.
Admissions to the course is based on merit. The average course fee ranges between INR 30,000 – 50,000. After completing the course students are placed across various job profiles such as Marketing Manager, Finance Manager, Business Development Manager and Event Manager with an average salary ranging between INR 6.10 LPA – 8 LPA. See Also: Top Diploma in Business Management Colleges in India
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Diploma in Business Management: Course Highlights
| Duration | 1 Year. |
| Age | Minimum 21 |
| Eligibility | 45 to 55% in bachelors |
| Admissions | Merit-based |
| Average Fees | INR 30,000 - INR 50,000 |
Business Management imparts knowledge on planning, execution, supervision, and analysis of a business endeavour (enterprise). Through this course students can learn about the foundation of an organization or an association, and different user levels, for example, production, financial, administrative, HR, sales and marketing, and others.
- It offers a wide range of career options and job opportunities across different sectors.
- It enhances the ability to improve financial decisions, analyze data and make better predictions about business statistics.
- It gives you management skills and industry insights as to run a business a strong foundation of education and understanding is needed.
Diploma in Business Management: Admission Process 2024
The admission process for Diploma in Business Management depends on the institute.
- It may be a merit-based or direct admission process.
- The merit-based admission process totally depends upon the marks obtained by the students in the relevant board examination or sometimes diploma course is taken into consideration.
- Depending on the marks of the student’s seats are allotted by the universities or colleges
Diploma in Business Management: Eligibility Criteria
The course requirement differs from one institute to another, however, a minimum aggregate score of 50% in an undergraduate degree is the basic eligibility criteria. The admission process depends on the institute’s criteria. As some of them conduct merit or direct-based admission process.
- The merit-based admission process is marks scored by a student in a relevant board examination or Diploma course are taken into consideration. Seats are appointed to qualified candidates on the basis of marks secured by them.
- Certain colleges may conduct their own entrance exams and interview processes to check the candidate’s knowledge.
Diploma in Business Management: Course Syllabus
The core subjects covered in Diploma in Business Management are given below:
| Human Resources | Financial Accounting |
| Marketing Principles | Project Management |
| Business Communication | Business Law and Policy |
| Business Economics | Production and Operation Management |
The syllabus followed for the course are given below.
| Semester I | Semester II |
|---|---|
| Management of Accounting and Applied Statistics | Human Resource Management |
| Principles of Management | Financial Managers |
| Management Information System | Marketing Management |
| E-Business | Production and Operation Management |
| - | Project (Thesis) |
Diploma in Business Management: Top Colleges
| College Name | Average Course 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 |
Diploma in Business Management: College Comparison
The comparison of the top 2 colleges that offer a Diploma in Business Management are as follows:
| Parameter | Loyola Institute of Business Administration, Chennai | MET Mumbai, Mumbai |
|---|---|---|
| Overview | Loyola Institute of Business Administration, Chennai is ranked 32 in the management category by NIRF. It also bagged 3rd position among the best colleges in the southern region of India. The courses offered at LIBA are approved by AICTE. | MET Institute of Management is one of the leading business schools in India was established in 1989. |
| College Type | Private | Private |
| Average Fees (INR) | 6,00,000 | 2,00,000 |
| Placement Package (INR) | 21 LPA | 15.5 LPA |
| Top Recruiters | Deloitte, Amazon Kindle, Cognizant, TCS, and many more | Growfitter, Xanadu, Starcom, Capgemini, RBS, IDBI Bank, Hindustan Unilever Limited, Godrej, Morgan Stanley, Indiabulls, Trinity, HDFC Bank, Bank of America, Birla Sun Life, Deloitte, Kotak, IBM, etc |
Given below is the course comparison between Business Management or Business Administration
| Parameter | Diploma in Business Management | Diploma in Business Administration |
|---|---|---|
| Overview | Diploma in Business Management focuses on management, leadership, human resources, and personnel operations. Topics are more focused on the organization, analysis, and planning of business operations. | Diploma in Business Administration includes general business operations such as accounting, economics, human resources, management, marketing, and other business functions. |
| Duration | 1 year | 3 months to 3 years |
| Eligibility | Bachelor Degree | Intermediate cleared or Bachelor’s degree |
| Average Tuition Fees (INR) | INR 10,000 to 8,00,000 | INR 15,000 to 2,00,000 |
| Top recruiting companies/ areas | Amazon, Tata Consultancy Services, Infosys Limited, Flipkart, Sapient Corporation, Snapdeal, Paypal, Reliance Communications, etc. | Construction Industry, Health Industry, Chemical Industry, Grocery Stores, Colleges & Universities, Utilities Industry, Fashion Industry etc. |
| Job Roles | Production Manager, Business Management Researcher, Marketing Manager, Business Management Executive, Finance Manager, Business Analyst (Cash Management), Management Accountant, Business Consultant, Human Resource Manager, Business Development Manager, Research and Development Manager and more | Administrative Assistance, Office Coordinator, Department Store Manager, Human Resource Manager, Retail Manager, School Administrator, Controller, Consultant |
Diploma in Business Management: Job Profiles
The job roles graduates are offered after the course is given below.
| Job Roles | Description | Average Salary (INR) |
|---|---|---|
| Production Manager | The Product Manager is responsible for sorting out the business, work issues, and account in an association. Creates item necessities, details, valuing, and time plans for item presentation and figuring promoting procedures. They additionally create items by leading statistical surveying. | 7 LPA |
| Marketing Manager | The Marketing Manager is responsible for creating, making, and starting the promotional plans for an organization to make in new and existing customers. | 7 LPA |
| Business Management Executive | Business Management Executive works as a supervisor. He is capable of supervising the exercises of workers, training, recruiting, and finding new representatives, and guaranteeing that an association is en route to meet its budgetary objectives. | 3 LPA |
| Finance manager | The Finance Manager is in control of the monetary soundness of an association, They are answerable for budgetary reports, create methodologies or designs, and direct venture exercises for long haul money related objectives of an association | 9 LPA |
| Business Analyst | A Business Analyst is liable for examining an association and a business area, and business archives or frameworks and cycles to Human Resources evaluate the plan of action. | 8 LPA |
Diploma in Business Management: Future Scope
The future scope in Diploma in Business Management is mentioned below:
- Further students can apply for government and private jobs as skilled Management Professionals.
- Diploma holders may take up managerial and administrative jobs at a wide variety of companies, Business Organizations, and Industries.
Diploma in Business Management: FAQs
Ques: Is a business management diploma worth it?
Ques: Is a diploma or degree better?
Ques: Does business management require math?
Ques: What subjects are needed for business management?
Ques: How can I study business management?
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