The modern business world is complex and requires qualified people to navigate through the problems of a business setup. The education system has stepped up to the challenge—leading universities across the world offer excellent courses in business management from diplomas to advanced degrees.
As per your convenience, you can either choose to pursue a full-time degree or a short diploma in the subject. The debate of diploma vs. degree in business management has takers on both sides. This article focuses on the positives of a diploma and lists the importance of diploma in business management which can convince you to take the plunge.
Benefits of a diploma in business management
Here are the top benefits of pursuing a diploma in business over a conventional degree programme.
- Diplomas are a faster approach to gaining skills: Degree programmes usually require three to four years for completion. Most diplomas are short and generally last for six months to a year. Diplomas take up less of your time and equip you with the necessary skills to ace your business career.
- Employers appreciate the value of a diploma: Unlike a prevalent myth, diplomas are well-received as an educational qualification by employers from major business organisations. A diploma from a reputed institute is just as likely to secure you a job as a bachelor’s degree.
- You can enter the workforce immediately after the course: If you want to join a job immediately after high school, pursuing a short diploma can be advantageous. You can even pursue a diploma programme par-time while you work.
- The cost of a diploma is lesser than that of a regular degree: College degrees can be expensive and not everyone can afford them. On the other hand, diplomas cost a lot less and offer the necessary skills required for a business setup.
- The prerequisites for diplomas are less rigid: Many degree programmes require specific educational requirements such as standardised or language test scores. Diploma programmes are more flexible and have less rigid requirements—increasing your chances of acceptance.
- A diploma is a great way to sample the business domain: If you are unsure of a particular specialisation within the domain, a diploma course is a great way to test the waters. Most diplomas cover sufficient topics on the subject to ascertain to you want to specialise in the subject.
- The learning is flexible: The intakes for diplomas are usually more frequent as compared to regular degrees. With a diploma, you won’t have to wait to start your business management education.
What should you choose—diploma or a degree?
Both the options have their own advantages and disadvantages. If you don’t want to invest a long time for your studies and wish to enter a business setup sooner, you should consider joining a diploma programme.
On the other hand, if you want to dig deeper and specialise is a specific area of business domain, you can opt for a bachelor’s degree followed by a master’s degree in the subject.
There are several good institutes that offer great diploma programmes in business administration or management. While selecting a course, look for universities that offer an opportunity for hands on experience, an extensive course work and have excellent faculty and accreditations.