Diploma in Management is a full-time diploma program conducted for a duration of minimum 1 year to a maximum of 2 years, which gives the students an insight into the management skills and abilities needed for management activities and business. The eligibility of Diploma in Management course is having earned a graduate degree with an aggregate of 50% marks in any discipline along with a minimum experience of 1 year. The curriculum is covered in 4 semesters, the examination of which is held in a span of every 6 months.
Among the top colleges which offer the program of Diploma in Management Studies are listed below:
- Welingkar Institute of Management - Mumbai
- All India Institute of Management Studies - Chennai
- Indira Gandhi National Open University - Delhi
- R.A. Podar College of Commerce & Economics - Mumbai
- Indian Institute of Business Management and Studies - Mumbai
The admission to Diploma in Management course is done by calculating the marks acquired in degree level. Candidates are not required to pass any entrance examination held by the university, however, some colleges may hold their own entrance examination followed by GD/PI. The course curriculum is a good balance between theory and projects giving candidates competence to hold higher positions in organizations managing business processes.
Those who wish to acquire crash course in management, as well as pupils having leadership and analytical skills, are deemed suitable for the course. The program is designed in a manner through which the students are provided with a thorough understanding of core principles used in business, in addition to providing knowledge of marketing and human resource management as applied to the field.
The average course fee ranges between INR 7,500 to 40,000 which differs for different colleges. Graduates who have successfully completed their program of Diploma in Management have greater prospects to explore in sectors of Business, Entrepreneurship, Marketing and Operations and are further eligible to hold senior positions as Managers and Analysts. Candidates are also eligible to take up Master’s degree in the stream. The average remuneration of candidates who have passed Diploma in Management course falls between 6 lakhs to 12 lakhs per annum, which is subject to raise with experience and qualification.
Diploma in Management: Course Highlights
|Duration||1 to 2 years|
|Eligibility||Graduates of any discipline with an aggregate of 50% marks and above, along with work experience of 1 to 3 years.|
|Admission process||Merit list|
|Course Fee||Up to INR 40,000|
|Average salary||Approx. INR 6 to 10 lakhs|
|Top Recruiting Companies||Health Industry, Construction Industry, Universities, MNCs, Private & Public Sectors, Business Houses.|
|Job Positions||Business Analyst, Finance Manager, Production Manager, Business Consultant, Human Resource Manager, Marketing Manager.|
Diploma in Management: What is it About?
Diploma in management prepares the students for businesses by instilling in them the fundamental principles required for understanding consumer behavior and market statistics. The subject draws measures for candidates who wish to improve their skills pertaining to management and development.
The curriculum comprises of theory which covers subjects related to Finance, Operation, Human Resource and Marketing as applied in the field of Management. Further, the students are given insight into the real-life scenarios and understanding of the workings carried out in the sector through assignments and project study. Project study equips candidates with diverse knowledge, abilities, and proficiencies required in various management fields.
For making the study more comprehensive and simple, the program is designed in a way in which all the functional areas of management are covered qualifying candidates in both quantitative and conceptual data. Covering the subjects which include Finance, Human Resource, Marketing and Operations whereby the candidates acquire a solid foundation in assuming higher responsibilities in organizations and institutions further in their career.
Diploma in Management program opens a wide arena of benefits for graduates who intend to pursue their career in management sectors. Candidates are offered opportunities in gaining promotion and carrying out efficient work in public as well as private sectors. They thus have lucrative opportunity to carry on their career in sectors of Health, Construction, Business, work as professors in Universities and much more. The overall aim of the program remains to equip the pupil with skills, competencies, and knowledge which are prerequisites in handling quality system and human resource management in the industry.
Diploma in Management: Top Colleges & Institutes
|Name of Institution||Location||Average Course Fee (in INR)|
|All India Institute of Management Studies (AIIMAS)||Chennai||4,000|
|Indira Gandhi National Open University (IGNOU)||Delhi||15,000|
|R.A. Podar College of Commerce & Economics||Mumbai||NA|
|Indian School of Business Management & Administration||New Delhi||7,900|
|Institute of Management Studies (IMS)||Noida||NA|
|Welingkar Institute of Management||Mumbai||35,225|
|Dr. Babasaheb Ambedkar Marathwada University (BAMU)||Maharashtra||36,800|
|Indian Institute of Business Management and Studies (IIBMS)||Mumbai||NA|
|International Institute of Management Studies||Pune||NA|
|Kalpana Chawla Government Polytechnic for Women||Haryana||NA|
|Narsee Monjee Institute of Management Studies – NMIMS University||Mumbai||35,000|
Diploma in Management: Eligibility
The eligibility criteria for candidates seeking admission to the program of Diploma in Management are as follows:
- Graduates with an aggregate of 50% marks & above in any discipline qualified from a recognized university listed under UGC/AIU.
- Candidates who have passed any other equivalent course or qualified any diploma course with a minimum of 3 years of study from a recognized university are also eligible for admission.
- Those having a minimum work experience of 1 to 3 years are qualified for admission.
Diploma in Management: Admission Process
Candidates who wish to seek admission for Diploma in Management are required to qualify as a graduate in any discipline with an aggregate of 50% marks and above. For candidates belonging to SC/ST category, the passing percentage is 45%. Having a work experience up to 3 years as professionals is an added advantage. The candidates are not required to go through an admission test for the program, though some colleges may hold their own entrance test.
The applicants are admitted solely on the grounds of merit. Candidates seeking admission to IGNOU are supposed to clear OPENMAT entrance exam for furthering the admission to the program, later on, followed by Group discussions and Personal Interview. The cumulative score obtained after calculating the marks obtained in the entrance exam, GD/PI the admission is further processed.
Diploma in Management: Syllabus
Diploma in Management syllabus is a balance between theory and projects. The course covers the skills needed in management, with the program covering all the major necessities of managerial function and responsibilities of management. Diploma in Management program is conducted in the form of semester held in a span of 6 months with students having to choose their specialization subject in the second year. The projects revolve around the subject useful in further applications in organizations.
The syllabus followed by universities and colleges are as follows:
|Semester 1||Semester 2|
|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 3||Semester 4|
|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: Career Prospects
Candidates are qualified to get a deeper perspective of the management skills applied in business studies. By developing the skills procured through this course, the students are benefited to find lucrative job opportunities in sectors ranging from Marketing, Operations to Entrepreneurship.
Those who have successfully completed their program of Diploma in Management are further suitable to begin their career as Production Manager, Business Analyst, Human Resource Manager, Marketing Executive, Management Accountant, R&D officer and other such which helps candidates explore their skills to the maximum.
Related Diploma in Management courses
- Diploma in Business Management
- Diploma in Retail Management
- Diploma in Tourism and Travel Management
Read about more Diploma in Management courses
Below is listed description and profile of jobs which can be chosen by the graduates after the completion of the course which are as follows:
|Job Profile||Job Description||Average Salary (in INR) per annum|
|Business Analyst||Work involves interaction with stakeholders, analyze, design and modify the design as required for the business||7 to 8 Lacs|
|Marketing Manager||Developing, Strategizing and analyzing marketing strategies in order to attract potential customers.||6 to 7 Lacs|
|Business Consultant||Work involves assessment of data and suggesting useful solutions.||8 to 9 Lacs|
|Production Manager||Planning, Budgeting, creating estimates, and organizing budgets. Liaison between the clients and managers.||7 to 8 Lacs|
|Human Resource Manager||Hiring, Appointing and Training the staff. Provide compensation, analyze the performance.||6 to 7 lacs|
|Management Accountant||Advice managers regarding finances, prepare reports, budgets, and financial statements for the company.||4 to 5 lacs|
|Research and Development Manager||Work includes reviewing, analyzing activities within the organization. Suggest ideas for the betterment of the business.||8 to 9 Lacs|
|Business Management Executive||Manage the workings of the business, plan, analyze and review measures helping in the growth of the organization.||2 to 3 Lacs|
|Finance Manager||Producing finance reports, budgets, developing strategies, suggest investment measures and prepare plans for the long-term benefit of the business.||8 to 9 Lacs|
|Information Systems Manager||Be a liaison between the management and IT specialist. Manage and carry out important measures related to hardware and software applications.||7 to 8 Lacs|