Diploma in Management: Course Details, Eligibility, Admissions, Syllabus, Jobs And Salary 2021

Diploma in Management is a full-time course that focuses on management fundamentals. Diploma in Management focuses primarily on key management topics such as HR management, marketing management, finance management, accounting, communication skills, organisational behaviour, entrepreneurship and other elective subjects.

The course is covered in four semesters, and varies from a minimum of 1 year to a maximum of 2 years. 

Admissions to Diploma in Management are carried out by merit of bachelors examination. 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 fee for a course ranges from INR 7,500 to 40,000. 

Graduates who have successfully completed their Management Diploma programme have greater opportunities to study in the areas of Business, Entrepreneurship, Marketing, and Operations. 

Candidates are also eligible in the stream to take up a master's degree. The average remuneration of candidates who have completed this course ranges from 3 lakhs per year to 7 lakhs per year, subject to experience and qualifications.

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 3 to 7 lakhs
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
Eligibility

Diploma in Management Eligibility

  • 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 Admission Process

  • The candidates need to apply for colleges and choose a diploma in management as the course.
  • Normally there is no entrance exam but some institutions conduct an internal examination for selection.
  • Then the candidates need to appear for Group Discussion (GD) and Personal Interviews (PI) based on which the qualifying candidates are selected.
Entrance Exams

Diploma in Management Entrance Exams

Examination Conducting Body Mode of Exam
MCMAT Mount Carmel College, Bangalore Online and Pen and Paper based
iMET Indian School of Business and Finance Online and Pen and Paper based
OPENMAT Indira Gandhi National Open University (IGNOU) Pen and Paper based
MUCMET Mumbai University Online and Pen and Paper based
Top Colleges

Diploma in Management Top Colleges

College Name Average Annual Fees Average Placement Offer
Indian Institute of Commerce & Trade INR 7,000 INR 5-6 Lakhs
Indian School of Business and Finance INR 4,15,000 INR 6-8 Lakhs
University of Mumbai INR 45,000 INR 5-6 Lakhs
Swami Vivekananda University INR 32,500 INR 4-5 Lakhs
Synetic Business School INR 3,600 INR 2-3 Lakhs
Odisha State University INR 6,000 INR 2-3 Lakhs
Mansarovar Global University INR 13,200 INR 1-3 Lakhs
Mansarovar Group of Institutions INR 40,000 INR 1-3 Lakhs
Venkateshwara Open University INR 8,000 INR 2-4 Lakhs
Tamil Nadu Open University INR 5,300 INR 1-3 Lakhs
Uttarakhand Open University INR 6,500 INR 1-2 Lakhs
Madhya Pradesh Bhoj (Open) University INR 10,300 INR 1-3 Lakhs
Indira Gandhi National Open University INR 10,800 INR 2-5 Lakhs
Mount Carmel College INR 13,90,000 INR 3-4 Lakhs
IFIM Business School INR 13,93,333 INR 1-3 Lakhs

Why should you get 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 become leaders in 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 Advantages

  • 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.
Syllabus

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
Job Prospects

Diploma in Management Job Prospects and Career Options

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:

  • Production Manager
  • Business Analyst
  • Human Resource Manager
  • Marketing Executive
  • Management Accountant
  • Research and Development (R&D) officer
Job Profile Average Salary
Business Analyst INR 7-8 Lakhs
Marketing Manager INR 6-7 Lakhs
Business Consultant INR 8-9 Lakhs
Production Manager INR 7-8 Lakhs
Human Resource Manager INR 6-7 Lakhs
Management Accountant INR 4-5 Lakhs
Research and Development Manager INR 8-9 Lakhs
Business Management Executive INR 2-3 Lakhs
Finance Manager INR 8-9 Lakhs
Information Systems Manager INR F7-8 Lakhs
Future Scope

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.
FAQs

Diploma in Management FAQs

Ques. Can you get into a good company after 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. You will find a job in a number of fields with a diploma in management. You would most likely be eligible for management's core facets, 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.

Diploma in Management : 6 answered questions

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Ques. Which course is better to join IMT Ghaziabad PGDM (Dual Country Programme) or TAPMI PGDM?

● Top Answer By Girish Singh on 19 Mar 21

Ans. Pursuing a dual country program may not offer you as much as you think in one or the other ways. In this scenario, it is quite difficult to say which one is better but still, there are certain things that you must know to choose the best college for the course:  If you are willing to pursue a dual country program, the cost is a big concern. You will be getting opportunities to explore the middle east but you can do that on a vacation too.  The next big issue that you’ll face is that Dubai campuses will not be able to help you getting summer internships with good Indian companies because of which you might not get updated with the trends of the Indian market.  The internships that you’ll bag will be through your contacts only. So, there are slim chances of getting PPI/PPO.  Ghaziabad is the lifeline of the college. You miss out on a hell of a lot of activities, inter-college competitions, bonding with other peers, and many more. Also, you can easily get all these opportunities from a flagship program of a decent management institute like TAPMI. So, you’ll have to judge and decide which suits you the best.Read more
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Ques. How did the IIM Ahmedabad EPGP course benefit you in your career?

● Top Answer By Aishwarya Bhatnagar on 15 Feb 21

Ans. Among the finest openings offered by IIM Ahmedabad, EPGP is one that stands the tallest. The cohort is the best part. You become part of a network that is highly mature and educated. In addition to that, the network is made even better by the working professionals.  In terms of rigorous coursework and quality education, no other institute stands on equal footing with IIM Ahmedabad. The teachers are an institution in themselves. This course involves more than 850 hours of classroom sessions. It will provides the students with skills in leadership through a curriculum that is innovative. The following table shows placement data of IIM Ahmedabad PGPX program: Placement Data IIM A PGPX Number of Participating Students 67 Number of Recruiting Companies 95 Number of offers made 98 Number of international offers 2 Average Salary 27 LPA Highest Salary 43.73 LPA Postgraduate ROI 119% About the course: This 2-year online postgraduate course was started in 2017 and is specially designed for working professionals with a job experience of 3 years but unfortunately no upper limit.  It is as rigorous as the PGP and also has almost the same curriculum.  The program does not offer any placement assistance as it is for working professionals.  The program is very demanding so the trade off would probably quite high. However, in terms of gaining knowledge the program is very impactful. You will see a positive impact of the program in 2-5 years.Read more
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Ques. IMT Ghaziabad Dual Country Programme or IMI Delhi Banking & Finance. Where should I go?

● Top Answer By Kiran Chugh on 31 Oct 20

Ans. IMT Ghaziabad and IMI Delhi both are premiere institutes catering to the domain of management. To get a clear view we need to understand both the options comprehensively. IMT offers a long intense international experience for the Dual Country Program and the opportunities to experience international waters and work with dynamic organizations. IMI Delhi Banking & Finance gives a comprehensive program for high-quality banking acumen development. The important details to be focused upon are as follows. Admission: Both IMT Ghaziabad & Delhi provide an affordable range of fees in sync with the facilities offered. IMT Ghaziabad fees are INR 22 Lakh while it stands at INR 18 Lakh for IMI Delhi. IMT Ghaziabad provides 120 seats in comparison to 50 seats in IMI Delhi. For both the institutes, the eligibility criterion stands at graduation with a valid CAT/ MAT/ GMAT score. Course Details: IMT Ghaziabad offers the Dual Country Program in two countries,i.e. first year in Dubai and second in Ghaziabad. IMI Delhi Banking & Finance provides you the needed professional exposure in order to cater to the banking requirements of the market. Internships: In IMT Ghaziabad, after finishing 1 year, students are given opportunities to intern in UAE & Middle East countries. The stipend details are as follows. Highest Average Median 3650 AED/Month 1873 AED/Month 1800 AED/Month IMI Banking & Finance gives internship opportunities with leading banks in the market for 3 to 6 months. Placements: The major companies involved in offering job opportunities are Pidilite, Genpact, RSA Global, SAIL, Mahindra Holidays, ITC Hotels in the case of IMI Ghaziabad. The average package is around INR 12-14 LPA while the highest stands at INR 34 LPA All candidates of recent batches of IMI Delhi Banking & Finance were placed at good companies like HCL, EY INDIA, ICICI BANK, Deloitte, Grail Insights. The choice between two depends on whether you prioritize domain-specific or location-specific learning. Greater exposure requirements can be catered by IMT while IMI Delhi offers sector-specific exposure and opportunities.Read more
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Ques. How good is the Global Management program at XLRI Jamshedpur What is the placement record?

● Top Answer By Sahil Sachdeva on 30 Oct 20

Ans. XLRI Jamshedpur has been ranked 9th for Management by NIRF in 2019.The student intake for the Global Management programme is 120 and total fees is around 21 lacs. Curriculum: XLRI Jamshedpur offers a rigorous curriculum spread across 7 semesters.  The first 3 semesters are based on the fundamentals of management across all disciplines.  The remaining semesters are customized allowing students to choose from more than 20 electives based on their learning objective.  It has a total of 15 core management subjects ranging from marketing, business strategy, operations management, economics and sustainable development.  Students are also required to perform case studies and undertake mandatory training or internships. Faculty: The faculty members are all industry professionals and follow a strict teaching methodology that empowers students to think beyond boundaries and provide them with adequate training to become future industry leaders. Infrastructure: The college offers spacious and smart classrooms with updated software and tech facilities. The 24*7 WiFi enabled campus has a fully automated library, hostels, sports complex and syndicate rooms. Placements: It observes an average placement rate of 77% for the global management program, with maximum (54%) placements within the IT/ITES industry followed by consulting (14%). Highest CTC offered was 48 LPA Average salary offered was 22.6 LPA Some of the leading recruiters are Accenture strategy, Dell, HCL, Amazon and Axis Bank XLRI being an old and one of the most reputed institutes of the country is also ranked as the best private management college by various surveys. It is on the individual to carefully scrutinise the course in a particular college and then decide.Read more
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Ques. Which one should I choose from KJ Somaiya- FS, Fore IB and PGDM in GLIM, Gurgaon?

● Top Answer By Meghdeepa Mondal on 04 Sept 20

Ans. Between KJ Somaiya- FS, FORE IB, and PGDM in GLIM, Gurgaon which one you should choose depends on your perspective and expectation from the MBA degree. Given below is a brief discussion on the programs maintained in the question.  KJ Somaiya: KJ Somaiya is considered one of the best MBA institutions. Situated in the finance capital of the country, Mumbai, KJ Somaiya offers excellent placements in the Finance domain.  Admission: Students are shortlisted for admission into the MBA in Financial Services program based on their CAT, XAT, CMAT, or GMAT score and the final selection is based on their performance in Group Discussion and Personal Interview. The total course fee is 14.93 lakhs. Placements: According to the placement statistics of 2020, around97% of students have secured job opportunities. The highest and average salary packages of the institute are 28.50 LPA and 10.08 LPA respectively. The recruiting companies are - Johnson & Johnson, AT&T, Intel, Microsoft, Godrej, etc. Banking & Insurance (31%) and Finance Services (16%) are the top sectors in which students get employed.  FORE School of Management -  PGDM IB (International Business Management) is a 2 year full time course which aims at preparing students to take up careers in corporate houses and family businesses engaged in International Business Operations. It provides management education in the context of the global business environment. Admission: The prerequisite to take admission to the PGDM IM program is at least 50% in graduation and valid CAT/XAT/GMAT score. The total course fee is 15.9 lakhs. Placements: Major recruiters at the 2019 placement were Asian Paints, HUL, ITC, Nivea, Philips Lighting, Deloitte, Vivo, HSBC, Schneider electric, etc. The BFSI (Banking, Financial Services, and Insurance) sector made the highest offers with a total of 38% offers. The average salary package offered was around 10.8 LPA. Great Lakes Institute of Management, Gurgaon -  It is one of the top 5 emerging MBA colleges in Delhi NCR.  Admission: For taking admissiona candidate should have a minimum of 50% in their graduation and a valid CAT, GMAT, XAT or CMAT. Placements: The PGDM batch has a 100% placement record. The leading recruiters are Aditya Birla, Axis Bank, Deloitte, Federal Bank, Gartner, Hexaware, ICICI bank, KPMG, NIIT Technologies, SecureNow, etc. The highest and average salary package offered at the institute is respectively 13.6 LPA and 9.15 LPA. BFSI was the top sector with a 41 % placement rate.Read more
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Diploma in Management Fee Structure in India


5.28 K (Minimum Fee)PUBLIC COLLEGES20 K  (Maximum Fee)
11.50 K (Average Fee)
6 K (Minimum Fee)Private COLLEGES45 K (Maximum Fee)
17.10 K (Average Fee)

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