Diploma in Management is a full-time course that focuses on management fundamentals such as HR management, marketing management, finance management, accounting, communication skills, organisational behaviour, entrepreneurship and other relevant subjects. The 2 years entirety of the course is divided into 4 semesters. Admissions to Diploma in Management are usually done on the basis of merit. Students need not undertake any university entrance examinations, but some colleges may hold their own exams that are followed by group discussions and personal interviews.
Check: Diploma in Management Course Colleges
The average course fee for Diploma in Management ranges from INR 7,500 to 40,000. Graduates who have successfully completed their Management Diploma programme have greater opportunities to pursue further studies in Business, Entrepreneurship, Marketing, and Operations. Candidates are also eligible to pursue postgraduate courses suh as MBA or PGDM. The average salary of candidates who pursued Diploma in Management ranges from INR 4 LPA – 7 LPA.
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Diploma in Management Course Highlights
| Course Level | Diploma |
| Duration | 1 - 2 years |
| Examination Type | Semester System |
| Eligibility | Graduation in any stream from a recognized university or college |
| Admission Process | Merit-based / Entrance based |
| Course Fee | INR 7,500 to 40,000 |
| Average Starting Salary | INR 4 LPA – 7 LPA |
| Job Positions | Business Analyst, Marketing Manager, Business Consultant, Production Manager, Human Resource Manager, Management Accountant, Research and Development Manager, Business Management Executive, Finance Manager, Information Systems Manager |
Why should one pursue a Diploma in Management?
Diploma in Management typically provides training in human resources, finance or marketing for those who want extensive training in management areas of business.
Students who seek management training will have an edge over their peers for gaining substantial knowledge and expertise across a variety of industries through studies that may include project management, encouragement, training and growth, budgeting, financial planning, or marketing and promotions.
Diploma in Management Admission Process
As already discussed above, there are no entrance exams held for enroling students for a degree in Diploma in Management. Students are selected on the basis of merit or their marks that they score during their graduation degrees. However, there are exceptions where certain colleges hold their own entrance exams for enrolling students for the course.
- The candidates need to apply for colleges and choose a diploma in management as the course.
- They are then required to appear for GD and PI rounds based on which the qualifying candidates are selected.
Diploma in Management Eligibility
The basic eligibility criteria required to pursue a Diploma in Management course are listed below for your reference.
- Candidates applying for Diploma in Management must possess a graduation degree in any discipline with an aggregate of 50% marks and above.
- Candidates belonging to the SC/ST group are required to possess an aggregate of 45%.
- Candidates with work experience as professionals for up to 3 years are given more preference.
Diploma in Management Entrance Exams
Diploma in Management Syllabus
| Semester I | Semester II |
|---|---|
| Organizational Behaviour | Marketing Management |
| Financial Management | Managerial Economics |
| Cost Accountancy | Business Laws |
| Principles of Management | Ethics of Business |
| Introduction to Computers | Quantitative techniques and methods in Management |
| Semester III | Semester IV |
| Production Techniques & Production Management | Laws of Taxation |
| Management Accountancy | Industrial Relation & Human Resource Management |
| Management Information System | Taxation |
| Material Management | Research Methodology |
| Production Management | Financial Management |
Diploma in Management Top Colleges
| College Name | Average Annual Fees |
|---|---|
| Indian Institute of Commerce & Trade | INR 7,000 |
| Indian School of Business and Finance | INR 4,15,000 |
| University of Mumbai | INR 45,000 |
| Swami Vivekananda University | INR 32,500 |
| Synetic Business School | INR 3,600 |
| Odisha State University | INR 6,000 |
| Mansarovar Global University | INR 13,200 |
| Mansarovar Group of Institutions | INR 40,000 |
| Venkateshwara Open University | INR 8,000 |
| Tamil Nadu Open University | INR 5,300 |
| Uttarakhand Open University | INR 6,500 |
| Madhya Pradesh Bhoj (Open) University | INR 10,300 |
| Indira Gandhi National Open University | INR 10,800 |
| Mount Carmel College | INR 13,90,000 |
| IFIM Business School | INR 13,93,333 |
Advantages of Pursuing Diploma in Management
- Students joining the corporate world have expertise in time management and performance, beyond the leadership skills acquired in a management diploma programme.
- Their exposure to financial techniques creates an eye for detail and control of capital, exploiting opportunities for benefit. People with leadership skills have characteristics sought by many employers.
- Through the community discussion, internships, exposure to real business, the process of obtaining a diploma in management degree introduces the candidates to a practical business setting.
- It helps to learn to organise, function as a team and coordinate individuals so that everyone can work together to accomplish the goal.
MBA v/s Diploma in Management
Students tend to get confused between MBA and Diploma in Management courses. Hence a comparison is given between MBA and Diploma in Management courses.
| MBA | Diploma in Management |
|---|---|
| A Diploma degree is offered to students at the completion of management diploma courses. | Whereas at the conclusion of MBA programmes the students are offered with a postgraduate degree. |
| The curriculum for MBA courses is planned by the university. In two MBA colleges within the same university, the core syllabus would be similar. | Diploma courses, however, are decided by each institute. This gives the curriculum of the course some versatility. The Syllabus undergoes an annual modification in compliance with industrial requirements. |
| There are similar core subjects in both MBA and PGDM courses, but most MBA courses concentrate more on the theoretical and technical aspects of management than on a practical approach. | Diploma in management courses have a manufacturing emphasis and concentrate on business requirements-based skills. |
| Cost of MBA courses is somewhat less than the Diploma in Management. This is due to the fact that most MBA colleges are funded by the government. | Cost of a Diploma in Management course is slightly higher than MBA as this course is mostly offered by private institutions. In most cases the cost for both of these courses is more or less the same. |
Candidates are trained to achieve a better understanding of the leadership qualities used in business studies. Students benefit from the creation of the skills learned during this course to find lucrative job opportunities in sectors ranging from marketing, operations and entrepreneurship. Those who have completed their Diploma in Management programme successfully may start their career as:
| Job Profile | Average Salary |
|---|---|
| Business Analyst | 7 LPA – 10 LPA |
| Marketing Manager | 6 LPA – 8 LPA |
| Business Consultant | 8 LPA – 10 LPA |
| Production Manager | 7 LPA – 8 LPA |
| Human Resource Manager | 6 LPA – 7 LPA |
| Management Accountant | 6 LPA – 8 LPA |
| Research and Development Manager | 9 LPA |
| Business Management Executive | 4 LPA – 6 LPA |
| Finance Manager | 8 LPA – 9 LPA |
| Information Systems Manager | 7 LPA – 10 LPA |
Diploma in Management: Future Scope
- Qualified management personnel are needed by both state and private organisations. Managers ensure that every company, organisation or industry operates smoothly.
- Managers take charge of the administration of human resources, day-to-day operations, finance and accounting activities taking place in corporations and organizations.
- Diploma in Management has become a common course to study in recent years. As more and more companies are emerging, it is obvious that positions in business administration are present abundantly in the industry.
- Because of this, experts in business management are paid well and there is plenty of scope in the present and future scenarios.
Diploma in Management: FAQs
Ques. Can you get across a reputed company after pursuing a Diploma in Management?
Ans. Yes, you can. Diploma in Management course is identical to that of an MBA course. Infact, most B-Schools such as IIMs and XLRI award a post graduate diploma in management which is globally accepted.
Ques. Is it worth getting a Diploma in Management?
Ans. Most students undermine the value of a diploma but getting a diploma in management is in no way less than an MBA. Infact, it is much better in certain aspects such as duration of the course and exposure. Hence, you are making a right choice by getting into a diploma in management programme
Ques. What can I do with a Diploma in Management?
Ans. Students pursuing the course are placed across various sectors such as accounting, marketing, management of human resources, logistics, and more. In the public or private sector and for any size of company, you will operate.
Ques. Can I do a PGDM course after a diploma in management?
Ans. Yes you can do a PGDM course after diploma in management. It will not only expand your horizon but will also make for a strong foundation as you have already finished a management course, making you the most sought after candidate.
Ques. Can I do an MBA after a diploma in management?
Ans. It depends upon the duration of the course as most MBA colleges require a graduate degree to be eligible. These graduate degrees vary from 3 to 4 years. Only after this duration can you pursue MBA.
Ques. What is the salary after a diploma in management?
Ans. With a diploma in management you can easily earn up to 5-8 lakhs per annum. It depends on the company, location of the job and the amount of hard work you are willing to put.
Ques. Do I need to pursue a degree course after a diploma in management?
Ans. It is not mandatory to take up a degree course after diploma in management. You can either look for a job or get enrolled in a degree course, it is up to you.
Ques. Which companies recruit Diploma in Management holders?
Ans. Almost every top company hires diploma students as they have the basic education of managerial skills and company management. Some of the companies are Deloitte, BCG and JP Morgan. Apart from these, top companies such as amazon and apple also hire candidates for diploma in management.
Ques. Is it mandatory to appear for an entrance exam to get an admission in diploma in management?
Ans. Normally there is no entrance exam required for candidates seeking admission in diploma in management but some institutions do conduct an internal examination for selection followed by GD and PI. Research properly before applying to any institution.
Ques. Can I pursue a diploma in management only after graduation?
Ans. Diploma in management can be received only after you have a graduate degree with 50% marks hence you need to complete your graduation before you can apply for a diploma in management.
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