About
Course
The Diploma in Business Management is a 1 year-long program focused on teaching the fundamentals of
management and preparing students for the ever-changing world of business. In
this course, students acquire in-depth knowledge and insights into business
concepts and processes. The business administration course is intended to
prepare students for accounting, sales and management, among other things. This
course is designed for students who wish to advance their careers in business
or government through the development of practical skills and knowledge in
human resources, marketing, risk management, politics and operations.
A Diploma in Business Management degree
requires a minimum grade of 50% for the bachelor's degree. The admission
process depends on the criteria of the institution. This course is designed for
students who wish to acquire practical skills and knowledge in human resources,
marketing, risk management, politics and operations to further their careers in
business or government.
It is the best course for students who
want to gain business and management skills right after graduation. Although
some institutions allow 10 successful students.
Course
Highlights
Particulars | Values |
Course Name | Diploma in Business Management |
Course Level | Diploma |
Course Duration | 1 year |
Examination Type | Semester System |
Eligibility Criteria | 45 to 55% in bachelors |
Admission Process | Merit Based |
Specialization | Business Management |
Internship | Yes |
Entrance Exams | CAT, MAT, SNAP, etc. |
Course Fee | INR 10,000 to 8 LPA |
Average Annual Salary | INR 2.5 LPA |
Top Recruiters | IDBI Bank, Hindustan Unilever Limited, Godrej, Morgan Stanley, India bulls, HDFC Bank, etc. |
Job Profiles | 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 |
Why
Study DBM?
Here are some reasons to study business administration:
1. Numerous jobs are being created in various sectors for business graduates.
2. Enables people to make better financial decisions, analyze data, and more accurately predict business statistics.
3. Building a strong business foundation requires access to the best managerial skills and industry knowledge.
DBM is an accredited course that offers
applicants great career opportunities and other benefits. Since
administration/management is a very important field, being a professional in
this field is a must and in fact any company would hire someone with expertise.
High Pay: The job offers a good starting salary
for newcomers and is good for older or experienced graduates, meaning it's good
for the economy.
Presence: The DBM degree imparts good skills, so
it makes a good impression on your CV and also offers good job opportunities
abroad due to the skills.
Opportunities: Offers a wide range of jobs
in different industries as managerial skills are the most important
requirement. He also has a wide range of overseas assignments.
Eligibility
Criteria
Course requirements vary by institution, but the minimum requirement is 50% in a bachelor's degree. The admission process depends on the criteria of the institution. Because some of them carry out an actual or direct recruitment process.
1. In the performance-oriented setting, the grades that the student has achieved in the commission examination or in the preparatory course for obtaining the diploma are taken into account. Spots are allocated to shortlisted candidates based on their score.
2. Some colleges may conduct their own entrance exams and interviews to test an applicant's knowledge.
Admission Process
The admission procedure for Diploma in Business Management degree depends on the respective university.
1. This can be a merit-based or direct recruitment process.
2. The recruitment process depends entirely on the grades obtained by the students in the relevant board examination, or is sometimes considered a graduate program.
3. Depending on their grades, study places are awarded to students from universities or technical colleges.
Skills
Required for DBM
Those wishing to enroll in a Diploma in Business Management degree program must have a specific set of skills to understand the subjects and enhance their professional skills. These skills are also essential for a successful career and career advancement. Individuals can expand their skills and abilities by studying the business degree program.
Communication Skills | Relationship Building |
Brand Awareness | Critical Thinking |
Business Knowledge | Interpersonal Skills |
Management Skills | Risk Management |
Entrance
Exams for DBM
Some universities and institutions, and even states, may conduct DBM entrance exams. In addition, admission is either fully substantive or dependent on the outcome of diploma exams. Some of the most popular exams that students can take are listed below:
1. CAT
2. MAT
3. SNAP
4. TS ICET
Fee
Structure
The majority of the costs for a business degree are determined by the university administration. Each university has its own fee structure, which is determined by the university management. Tuition fees at private institutions can be more expensive than at public universities. The average cost of a business degree is Rs 5,000 and Rs 40,000.
Name of College | Average Annual Fees |
Symbiosis International University, Pune | INR 2.28 LPA |
Noida International University | INR 1.1 LPA |
Mahatma Gandhi University | INR 15K |
Indian School of Business Management and Administration | INR 30.9 K |
EMPI Business School | INR 7.4 LPA |
Parameters | DBM | DBA |
Course Name | Diploma in Business Management | Diploma in Business Administration |
Course 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. |
Course Duration | 1 year | 3 months to 3 years |
Course Level | Diploma | Diploma |
Eligibility Criteria | Bachelor Degree | Intermediate cleared or Bachelor’s degree |
Course Fee | INR 10,000 to 8 lacs | INR 15,000 to 2 Lakhs |
Top Recruiting 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. |
Career Prospect | Production Manager, Financial Planner, Business Management Researcher, Marketing Manager, Business Management Executive, and more | Administrative Assistance, Office Coordinator, Department Store Manager, Human Resource Manager, Retail Manager, School Administrator, Controller, Consultant |
Top
Colleges of DBM
Listed below are some of the top DBM
Colleges in India which offer the course:
Name of College | Average Annual Fee(INR) | Location |
Symbiosis International University | INR 2,88,000 | Pune |
WLCI School of Fashion | INR 4,35,000 | Pune |
ITM Business School | INR 4,65,000 | Mumbai |
Indian School of Business Management and Administration | INR 30,900 | Hyderabad |
GD Goenka University | INR 2,60,000 | Gurgaon |
School of Inspired Leadership | INR 4,49,000 | Gurgaon |
Jobs
and Placements in DBM
Upon completion of the DBM degree, the candidate can work in both the public and private sectors depending on the type of work or skills desired. In addition, they have an additional specialization through a postgraduate degree such as a doctorate or an additional extension through other full-time courses. But the DBM degree also has a wide range of work due to demand and continuous industrialization and advancement. Some of the best job titles for graduates after the DBM course are:
1. Teacher
2. Finance manager
3. Business Analyst
4. Business Management Researcher
5. Marketing Manager
6. Business Management Executive
7. Finance Manager
Private
Jobs
Several private companies offer DBM
career opportunities to candidates after completing their DBM studies. The
average salary for DBM graduates is around INR 3 LPA. There are various job
titles such as:
Top Private Company | Job Profiles | Salary |
Art Of Living Human Resources | Executive Assistant to Director | INR 12 LPA |
Sachdeva Foods Pvt Ltd | Restaurant Support Manager | INR 5 LPA |
Polaris Group India | Management Trainee | INR 4 LPA |
Government
Jobs
Due to high demand, career opportunities
in government for DBM graduates continue to increase. The growth of the
country's development has led to an influx of opportunities from the government
sector. DBM upgrades can work as production manager, business researcher,
marketing manager, business manager, financial manager, business analyst (cash
management), accountant, etc. The average salary of a DBM graduate is around
INR 3 LPA.
Top Government Company | Job Profiles | Salary |
Bangalore Metro Rail Corporation Limited | Manager | INR 9 LPA |
Spices Board, Kochi | Research Trainee | INR 2.4 LPA |
IWAI | Chief Accounts Officer | INR 4.69 LPA |
Abroad
Jobs
Each country has a different salary
structure for applicants with a DBM degree. There is a diverse range of jobs in
each country, but as each location requires different skills, the position and
the offer will depend on the qualifications and achievements of the student.
Most positions in a similar field are financial or business analysts abroad.
DBM student jobs include production manager, business researcher, marketing
manager, business manager, finance manager, business analyst, etc.
Top International Recruiting Companies who hire DBM graduates are:
1. Deloitte
2. Amazon Kindle
3. Cognizant
4. TCS
5. RBS
6. IDBI Bank
7. Hindustan Unilever Limited
8. Godrej
9. Morgan Stanley
10. India Bulls
11. Trinity
Some of the famous expert
avenues open to successful graduates of the DBM degree
are indexed underneath with the corresponding salaries provided for the
respective positions.
Job Profile | Job Description | Average Salary in INR |
Production Manager | Production managers are responsible for planning production schedules and ensuring that the production process is carried out within budget and on time. | INR 5,56,517 |
Business Management Researcher | A business manager is a supervisor who controls and directs the personnel and activities of an organization or a department. By adopting operational plans, carrying out performance evaluations, and supervising all daily activities, they strive to keep the business productive, efficient and organized at all times. | INR 4,00,000 |
Marketing Manager | Marketing managers promote businesses, services, products, or brands. They develop marketing and pricing strategies, generate new business leads, and oversee marketing department staff. | INR 7,00,000 |
Finance Manager | Finance managers are business specialists who manage important financial functions of an organization. They produce financial reports, manage investment activities, and create strategies and plans for the long-term financial goals of an organization. | INR 14,65,000 |
Accountant | Accountants help businesses make financial decisions by collecting, tracking, correcting, and communicating the financial position of the company. They record transactions, compile and analyze data, perform audits, assist with budgets and financial forecasting, compute taxes, and report their findings to management and other entities, such as the IRS or investors. | INR 2,50,000 |
Human Resource Manager | Human Resource Managers are professionals tasked with strategic planning for staffing, conducting interviews, and hiring personnel to foster a productive work atmosphere. | INR 8,00,000 |
Research and Development Manager | Research and development managers determine, implement and monitor research and development strategies and priorities to support their organization's commercial, policy or research objectives. They may lead major research projects and provide research advice to their organization. | INR 14,00,000 |
Scope
for DBM
The future scope of Diploma in Business Management is shown below:
1. Other students are eligible to apply as qualified management professionals for government and private positions.
2. Graduates can work in management and administrative positions in a wide range of companies, business organizations and industries.
DBM:
Career Prospects
Graduates of the Diploma in Business
Administration find entry-level positions in management or administration in
many companies, businesses and organizations. Qualified management specialists
are required in public and private companies. Managers are responsible for the
smooth running of a company, organization or industry. Managers are responsible
for human resource management, day-to-day operations, finance and accounting in
companies.
After completing the Diploma in Business Administration, students can pursue a BBA or postgraduate degree in the same discipline, such as an MBA in Business Administration. This allows you to further deepen your knowledge and pursue a higher-paying career.
FAQs
(1). Is a diploma
in business management worth it?
Ans: Although it has always been the
subject of debate and comparison, the business degree surpasses the university
degree because it is flexible and practical.
(2). Is a diploma
or degree better?
Ans: The degree is a special academic
distinction usually awarded for professional courses. The relative importance
of a diploma compared to a degree is low. Degree programs allow you to deepen
your knowledge and possibly reach a higher level.
(3). Does business
management need mathematics?
Ans: However, specific business degrees
often require far more mathematics than these core requirements. However, for
most traditional majors in business, accounting, human resource management, and
economics, the first calculations and statistics include all the mathematical
requirements.
(4). What elements
are required for business management?
Ans: Mainly focuses on business and
management courses. But you will also learn about other topics such as finance,
human resources, public relations and marketing. You will also acquire
transferable skills and knowledge, such as an understanding of how
organizations work.
(5). How can I
study business administration?
Ans: Business Management is basically
divided into two levels: undergraduate and postgraduate. At the bachelor's
level, candidates can choose from courses such as the Bachelor of Business
Administration (BBA) and Bachelor of Management Studies (BMS) as well as the
integrated MBA.