Diploma in Business Management: Course Details, Eligibility, Fees, Admission, Duration

Roumik Roy

Diploma in Business Management is a 1-year diploma program that aims to equip beginners with the fundamental knowledge and core principles associated with management and business administration. The subjects in the Business Management Diploma course cover topics such as Marketing Principles, Financial Accounting, Business Law and Policy, and Management Theory.

Business Management Diploma eligibility requires the candidate to have a minimum of 45% and above at 10+2 levels with two years of work experience for some institutes or a bachelor's degree from a recognized university.

Students enrolling for a Diploma in Business Management after 10th may need to complete 3 years of Diploma recognized by AICTE and have 2 years of work experience. The total average diploma in business management fees range between INR 5,000-91,000.

What is Diploma in Business Management Course?

DBM full form is Diploma in Business Management, the course helps students to gain a basic understanding of business and its various aspects such as planning, analysis, and supervision. Some of the top institutes offering DBM are the University of Hyderabad, Indian School of Business Management and Administration, and more. 

After completion of the course, students will be able to manage leadership roles in Industries such as Banking, Finance, Retail, IT, and others with career options such as Business Development Executive, Business Management Executive, Business Consultant, etc. The average Diploma in Business Management salary in India is INR 3 LPA. (Source: Glassdoor).

Diploma in Business Management Eligibility Criteria

The Diploma in Business Management eligibility requirement varies from college to college. However, the general criteria for applying for admission are mentioned below. 

• Candidates must qualify 10+2 (high school degree) in science commerce or humanities with 45% for unreserved category and 40% for reserved category students from a recognized board of education.
• Aspirants who wish to apply for a Diploma in Business Management after 10th may require a 3-year Diploma and 2-year work experience for some colleges.
• Candidates with a Bachelor’s degree are also eligible to apply for the DBM course.
• The minimum age requirement for the course is 21 years.

Why Choose a Diploma in Business Management Course?

The Business Management Diploma course is a professional course in terms of a high employment rate in business and financial sectors, adequate career growth compared to other Diploma courses, etc. Here are some facts concerning the advantages of Diploma in Business Management.

• According to recent reports, the employment rate in Business and Financial occupations is growing manifold with 9,11,400 openings each year from 2022 to 2032. This indicates high employability rates after completing a DBM course. 
• The current job growth rate for Diploma in Business Management graduates stands at 8% to 17% from 2020 to 2030.
• Around 25% of DBM degree holders get to work in managerial positions which benefits them in the long run.

Also, Check: Business Management Courses after 12th

Diploma in Business Management Admission Process 2023

The admission process for the Diploma in Business Management includes meeting the eligibility criteria, filling out the application form, submitting the required documents, and paying the requisite fee. Below listed is the general Diploma in Business Management admission process:

• Step 1: Aspirants need to check the eligibility criteria for the college. Candidates must complete formal education meet the age requirement and fill out the form with all the essential details.
• Step 2: Further, applicants must submit documents and certifications like class 10 and 12 mark sheets, internship certificates, work experience certificates, etc.
• Step 3: Ultimately, the college will announce the names of selected students through a merit list and students may need to appear for a GD and Personal Interview round for final selection. 
• Step 4: Finally, selected students need to pay the admission fee to block the seat.

Top Diploma in Business Management Colleges with Fees in India

There are several colleges such as St. Aloysius College, ISBM, Amity University, etc., that provide Diploma in Business Management courses. The average Diploma in Business Management fees in India range from INR 5,000-91,000 for a one-year diploma course. Some of the top institutes offering Diploma in Business Management with fees are mentioned below.

Types of Diploma in Business Management Courses

Diploma in Business Management is a great option for students wanting to pursue Management courses. It is available to study a Business Management Diploma course in full-time, online, and distance mode. Below mentioned are Diploma in Business Management course details:

Diploma in Business Management Online

The Diploma in Business Management online course provides an understanding of concepts in areas of business management, managerial economics, strategic management, and more.

• Students can learn through the student websites of colleges like Amity, NMIMS, etc. 
• The average total course fee for an online Business Management Diploma is INR 91,000-95,000.
• The standard online Diploma in Business Management duration is 6 months-1 year.

Distance Diploma in Business Management

Diploma in Business Management is also available through Distance platforms. Candidates can check the key highlights of the mode below.

• The University of Hyderabad provides a DBM course in distance education mode. All study materials will be made available to the students on the official website. The average course fee for a distance Diploma in Business Management is INR 19,000.
• IGNOU offers Diploma in Management course, similar to Business Management, with a duration of one year and an average total fee of INR 7,500.

Diploma in Business Management Syllabus and Subjects

The Diploma in Business Management Syllabus is divided into two semesters with topics such as Business Communication, Decision Science, Financial Accounting and Analysis, etc. Candidates can check the Diploma in Business Management subjects below.

Read More: Diploma in Business Management Syllabus and Subjects

Diploma in Business Management College Comparison

The Diploma for Business Management colleges aims to generate awareness and provide technical skills to thrive in a managerial position in Businesses. Students can later become successful business development associates and Business Managers after completing the course. Here are the two colleges offering DMB in India and their key distinguishing features.

Diploma in Business Management vs Diploma in Business Administration

Building leadership and strategic skills for leading teams and organizations is a focus of a Diploma in Business Management. An extensive understanding of several company tasks, such as finance, marketing, and operations, is often provided by a Diploma in Business Administration. The following table represents the comparison between the two courses. 

Read More: Diploma in Business Administration

Diploma in Business Management Salary in India

The starting salary of a DBM graduate would be around INR 3 LPA [Source: Glassdoor]. Upon gaining relevant experience, candidates can earn a package of INR 7.8 LPA on average (Source: Ambitionbox). Below are some of the Diploma in Business Management Career options along with their entry-level salary.

Read More: Diploma in Business Management Salary and Jobs

Courses After DBM

Having a DBM degree opens up a wide range of career options, and it is even possible to study further after completing the course. The most commonly followed path in this aspect is the Doctorate degree, which students can obtain in different specializations. Depending on the choice of the stream a few of the courses are:

• MBA
• BBA
• Certification in Finance and accounts
• Short-term course on Marketing
• Certificate course on Business Administration
• Certification in Finance and accounts
• Certification courses on Finance

Career Options After Diploma in Business Management (DBM)

A Diploma in Business Management companies can work as Marketing Managers, Production Managers, and Business Management Executives for top companies like Dabur, Wipro, Reliance, Deloitte, etc. The below table showcases some of the designations, top recruiters, and their average salaries.

Top Recruiters for Diploma in Business Management

A Diploma in Business Management graduate has the opportunity to work for companies in public and private sectors with competencies, in Finance, Retail, Healthcare, Media, etc. Some of the top recruiters and their average salary are mentioned below.

(Source: Ambitionbox)

Skills to Excel as a Diploma Business Management Course Graduate

To become successful in one’s career after a Diploma in Business Management it is crucial for them to have financial knowledge, IT skills, managerial skills, etc. Let us check the prominence of some of the top skills needed in the domain.

• Managerial Skills: Candidates must be able to plan, organize, and manage business resources and operations to flourish in their careers.
• Financial Intelligence: Aspirants must be good with numbers, accounting taxes, etc., regardless of the departmental role.
• Business Acumen: They must be excellent decision-makers and strategic thinkers who will be able to make calculated business decisions.
• Technological Skills: Candidates must have significant experience with technical software used in accounting and finance to be able to interpret data.