Table of Contents
- Overview
- Admissions
- Eligibility
- Entrance Exams
- Prepare for the Entrance Exams
- Tips to get to the Best College
- Skills required
- Reasons to pursue
- List of Photography courses after 10th
- Syllabus
- Job Description
- Job Profile
- Scope
- Conclusion
Diploma in Business Management – An overview
A Diploma in Business Management is a one-year programme that focuses on delivering instruction in management fundamentals as well as preparing students for the ever-changing business world.
Students will have a thorough knowledge and insight into business concepts and procedures through this course of study. The diploma in Business Management aims to impart learners with knowledge of the different operations of a business as well as the essential principles of management.
This course covers accounting, marketing, human resource management, organizational behaviour, business communication, entrepreneurship and project management.
Pursuing a diploma in business management can be a lucrative career option in the Indian market. As per a report by the All India Council for Technical Education (AICTE), the demand for management professionals in India has been increasing, and it is expected to continue to rise in the coming years.
According to McKinsey, the business management sector is expected to create 8.8 million jobs by 2025. This is a 12% increase from 2020 levels according to the World Economic Forum’s Future of Jobs report.
The report also highlighted the need for employees to re-skill in the coming years to stay competitive in the job market. Additionally, the shift to remote work is expected to create more opportunities in the business management sector, as demonstrated by General Motors’ announcement that it was hiring 3,000 technical employees to work remotely. Check out the course fee range for a diploma in Business Management courses here.
Can a diploma in Business Management after 10th get you a job?
Business management is a scarce skill and is in demand by many employers. Students with less than a year of experience can expect to earn around Rs. 15,000 per month on average. Candidates can earn up to Rs. 40,000 per month after gaining some experience.
Management jobs are always high in demand and management professionals with a diploma in Business Management can land jobs in various sectors such as banking, finance, IT, and healthcare.
According to a report by LinkedIn, business analysis is one of the most sought-after skills in 2021. The growth rate of this industry is expected to be 14% from 2018 to 2028 according to the Bureau of Labor Statistics.
So no doubt, it is one of the best course options for students interested in acquiring business and management skills right after the 10th class.
Diploma in Business Management – An overview
Can a Business Management diploma get you a job?
Subjects covered in Business Management
Diploma in Business Management – Subjects covered
Here are some of the subjects you will study in the Business Management diploma courses:
- Human Resources
- Business Economics
- Business Law and Policy
- Marketing Principles
- Financial Accounting
- Entrepreneurship Basics
- Business Communication
- Project Management
Diploma in Business Management – Admissions
- Candidates who wish to enroll in the Diploma in Business Management course will be assessed based on their academic performance in 10th standard.
- The college or university offering the course provides online and offline application forms for both online and traditional classroom programs.
- Interested applicants can access the application form on the college’s official website, complete it, pay the required application fee, and submit all the necessary documents in the prescribed format.
Alternatively, applicants can visit the college to obtain the application form, which they should fill out and attach with required documents such as their 10th standard mark sheet, certificate, identification proof, caste certificate (if applicable), and photographs. In this case, applicants must also pay the application fee in the form of a demand draft.
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Diploma in Business Management – Eligibility
Students interested in pursuing a diploma in Business Management must:
- Have completed their class 10 level from an accredited board with the minimum marks specified by your chosen university
- Obtain at least a 50% aggregate score on their board exams
- Get straight admission to degree programs based on 10th grades
- Submit language proficiency scores of IELTS, TOEFL, PTE, etc. along with a Statement of Purpose (SOP) as well as optional Letters of Recommendation (LORs) if aim to study this course abroad
Check if you are eligible for a diploma in Business Management course here.
Diploma in Business Management – Skills required
To excel in Business Management diploma courses, individuals should possess several essential skills to comprehend the curriculum and enhance their professional aptitude. These proficiencies are also crucial for a successful career and progression.
The Diploma in Business Management program offers individuals an opportunity to improve their skills and expertise.
Some of the skills required for Diploma in Business Management courses include:
- Effective communication skills
- Ability to create and maintain professional relationships
- Knowledge of branding
- Critical thinking skills
- Business acumen
- Interpersonal skills
Businesses operating in specific fields may prefer applicants with specialized knowledge in their field of management. For instance, if a company is hiring for a finance management position, they might prefer a candidate who has specialized in financial management rather than one with experience in consultancy management.
What Next after 10th?PUC (Pre-university course)/11th
Diploma in Business Management – Reasons to pursue
- The Indian economy is likely to grow at a rate of 10% per annum in the next decade, creating a huge demand for management professionals.
- There is a high demand for individuals with a diploma in business management in various industries, providing ample job opportunities.
- Times of India article highlighted that the demand for MBA graduates in India is expected to rise by 50% in the next few years.
- The program equips individuals with skills that enable them to make informed financial decisions, analyze data more accurately, and forecast business statistics.
- Gaining access to better management skills and industry insights through the program can help individuals build a strong foundation for their businesses.
- Additionally, the Analytics Insight report claims that there will be 137,630 data science job openings in India in 2025, rising from 62,793 jobs in 2020. Apply for a student loan for diploma in business management course here.
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Diploma in Business Management – 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
Diploma in Business Management – Job Description
The day-to-day job roles in the Business Management industry vary depending on the specific position and industry. However, some common tasks and responsibilities that may be part of a Business Management professional’s routine include:
1. Planning and organizing:
Business Management professionals are responsible for planning and organizing various business operations, including product development, marketing campaigns, and financial management.
2. Communicating with stakeholders:
Effective communication is a critical skill in the Business Management industry, and professionals in this field must communicate with various stakeholders, including employees, investors, and customers.
3. Analyzing data:
Business Management professionals must be skilled in analyzing data to make informed business decisions. This includes interpreting financial statements, market trends, and customer data.
4. Monitoring performance:
Business Management professionals must monitor business performance regularly to identify areas for improvement and make necessary changes.
5. Managing people:
Business Management professionals are often responsible for managing teams of employees, delegating tasks, and providing leadership.
6. Managing budgets:
Financial management is a key component of Business Management, and professionals in this field must be adept at managing budgets, allocating resources, and ensuring that the company operates within its financial means.
Overall, the day-to-day job roles in the Business Management industry require a combination of technical, communication, and leadership skills to succeed.
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Diploma in Business Management – Job Profiles
Individuals who complete a Diploma in Business Management can look forward to a promising career with a wide range of job prospects across various industries. The curriculum of the Diploma in Business Management is designed to provide students with essential skills in a shorter period of time.
As a diploma holder, there are numerous entry-level management jobs that you can apply for, including the following most suitable job profiles:
Production Manager | Average Salary Range – 7 to 8 lacs
The Production Manager is responsible for identifying, analyzing, and addressing issues related to finance, production, and employment. They must also develop production strategies and set product pricing.
Marketing Manager | Average Salary Range – 6 to 7 lacs
The Marketing Manager caters to a company’s marketing needs. He/she develops and implements marketing strategies to expand the clientele and retain existing ones.
Finance Manager | Average Salary Range – 8 to 9 lacs
The Finance Manager is responsible for reviewing financial reports and identifying a suitable market for business activities. Their primary duty is to find ways to increase the company’s profitability.
Financial Planner | Average Salary Range – 7 to 8 lacs
Financial planners create investment strategies for clients based on their objectives. They assist customers in developing personal budgets, controlling spending, setting savings targets, and implementing wealth-building methods.
What next? Diploma Courses after 10th
Business Development Executive | Average Salary Range – 2 to 3 lacs
Business Development Executives work with corporations, organisations, and government agencies to promote and sell services and commodities. They assist clients in determining their needs, developing concepts, and ensuring a seamless selling process.
Business Analyst | Average Salary Range – 7 to 8 lacs
This is one of the most sought-after career paths in Business Management. Business Analysts’ typical duties include developing and updating existing business strategies while considering market trends.
Other career profiles that you can explore are:
- Business Development Manager
- Information Systems Manager
- Business Performance Management Trainee
- Management Accountant
- Business Consultant
- Entrepreneur
- Production Manager
- Business Management Researcher
- Management Accountant
- Human Resource Manager
- Business Development Manager
- Research and Development Manager
Diploma in Business Management – Scope
- Completing a diploma in business management opens up various career paths for students, including applying for skilled management positions in government and private jobs.
- This degree also makes administrative positions available to graduates. As students gain knowledge in managerial and business fields, they can further their education by pursuing an MBA, Masters in Management, or other related degrees to enhance their career prospects.
- Additionally, some foreign universities and colleges allow students to transfer their credits from diploma courses to their master’s degrees.
In conclusion, a Diploma in Business Management can be an excellent investment for those looking to jumpstart their career in the business industry. The program provides students with essential management skills and knowledge, making them eligible for entry-level positions in various industries such as finance, marketing, and production. The skills acquired during the program can also help them advance their career and qualify for promotions. Invest in your future and take out a student loan for the PG Diploma in Business Management here.
Additionally, the program’s short duration makes it a practical choice for those who want to start working quickly or pursue higher education. With an increasing demand for skilled professionals in the business management sector, a diploma in business management can be a valuable asset to have on your resume. It can open up a range of career opportunities, making it a worthwhile investment for those interested in pursuing a career in business management.