Diploma in Entrepreneurship is a 1 year undergraduate program in business management. The duration is usually 1 year, although it solely depends on the Institutes that offer the course.
The program basically stresses on the nature and processes of entrepreneurship.
See more: Diploma Courses
Candidates who are willing to opt for the Diploma in Entrepreneurship program should have passed their 10+2 level or its equivalent from a recognised board.
The admission to the program is mostly held on the basis of the candidates' performance in the entrance exam, often followed by a counselling round or a personal interview.
The average fee structure may range between INR 3,000 and INR 10,00,000 on an annual basis.
The program is highly suitable for those who are aspiring to run and manage a business as well as start up their own business later. The candidates already pursuing Diploma in Entrepreneurship, certainly have a wide scope in future. They can expect a minimum starting salary package of INR 3 LPA .
Diploma in Entrepreneurship: Course Highlights
The following table exhibits the major highlights of the course:
Course Level | Diploma |
Full Form | Diploma in Entrepreneurship |
Duration | 1 year |
Examination Type | Semester or Annual |
Eligibility Criteria | Graduate or its equivalent |
Admission Process | Entrance Exam based |
Course Fee | INR 3,000-10,00,000 |
Average Starting Salary | INR 3-9 LPA |
Top Recruiting Areas | Colleges, Universities, Administration Offices, Consultancy firms, Accountancy firms, Sales, Business, Marketing Companies, etc. |
Job Roles | Marketing Executive, Marketing Manager, Business Reporter, Business Consultant, Faculty, Administrative Officer, Fundraiser, etc. |
Diploma in Entrepreneurship: What is it About?
Diploma in Entrepreneurship is basically a full-time or part-time diploma program which has the following aspects:
- The course is specially designed for the business enthusiasts and the future entrepreneurs .
- The course focuses primarily on the foundation in finance and business operations.
- The students are well-acquainted with the nature and scope or concept of entrepreneurship.
- The course also deals with the detailed understanding of business and market economics.
Why Study Diploma in Entrepreneurship?
Diploma in Entrepreneurship course is ideal for those candidates who are particularly interested in entrepreneurship and business activities. There are several benefits of pursuing this course:
- The students are taught the essential techniques, tactics and skills required to open and run a business most effectively.
- The course enables the students to develop entrepreneurial skills such as risk-taking, innovation, leadership qualities and communication .
- It has tremendous future prospects in India as well as abroad.
- The course prepares them to opt for further studies in the field of entrepreneurship or management.
- The candidates can not just start their own enterprise , but also seek employment in educational institutions, marketing companies, consultancies etc.
Diploma in Entrepreneurship: Admission Process
The admission procedure of Diploma in Entrepreneurship is as follows:
- The admission to the Diploma in Entrepreneurship program is mostly based on an entrance exam and a candidate’s performance in the exam and the rounds that follow.
- The candidates ought to secure the minimum qualifying marks as required for the entrance exam.
- The various entrance exams conducted are: CAT,XAT,MAT,NMAT etc.
Diploma in Entrepreneurship: Eligibility Criteria
- The candidates must have completed their 10 + 2 level from a recognised board or institution.
- They must obtain minimum qualifying marks, as set by different institutions to be eligible for the program.
- Many Institutes want their candidates to have completed their graduation in any discipline from a recognised university.
Diploma in Entrepreneurship: Entrance Exams
Those candidates who are desiring to seek admission to the course should appear for different management entrance exams. Some of the most popular entrance exams are:
Exam Name | Conducting Body | Exam Date | Exam Mode |
---|---|---|---|
CAT 2023 | IIMs |
November 27, 2022 |
Online |
MAT 2023 | All India Management Association |
November 27, 2022 |
Online and offline |
XAT 2023 | Xavier Labour Relation Institute | January 8, 2023 | Online |
NMAT 2023 | Graduate Management Admission Council | To be Announced | Online |
Diploma in Entrepreneurship: How to Prepare for Entrance Exams?
The following are the most effective tips for the candidates who would appear for the entrance exam to get admission to Diploma in Entrepreneurship :
- The aspirants should start focusing on language skills and the communication abilities by reading newspapers, articles, solving grammar ,etc.
- Students from Commerce or pure Arts backgrounds who have optional maths in school and/or college must take the subject, no matter how difficult they find it to be. Others can take private coaching from a very early stage.
- They must get hold of some of the important books for exam preparation.
- The questions would be set on these three domains- verbal, reasoning and quantitative abilities.
- They should be solving previous years questions and also different mock tests.
- Students should be aware of the Time management. The time limit is, however, different for different entrance tests. They must check the important dates, syllabus, exam pattern, time limit,etc for each of the tests.
Diploma in Entrepreneurship: How to Get Admission in Good College?
The following include some of the most useful tips for those who are willing to seek admission in a reputed institution that offer the course :
- Planning early: The best thing to do is to begin research online right after completing the Graduation exam. One should check the top university rankings to shortlist the best colleges that offer the program.
- Choosing the course: This would enable the candidates to have a clear idea about the course already chosen.
- Discussion with teachers: The candidates should seek the advice of the teachers who will be able to guide them in the right direction.
- Talking to seniors and ex-students: Discussing about the college with senior students and the ex-students always prove to be advantageous as they are able to tell about the exact atmosphere of the college and also the pros and cons of getting admission into a specific college.
- Scoring well: The marks obtained in the last exam need to be exceptionally good since getting admission into a top college is not enough; performing well should be the main motive.
- Taking part in extracurricular activities: The admissions officers take into account the candidates’ involvement in co-curricular activities such as dance, music, sports, theatre, etc.
- Preparing for entrance exams: The aspiring students who want to seek admission to a reputed college must focus on preparing for the entrance exams.
Diploma in Entrepreneurship: Top Colleges
Some of the top Institutes in India that offer Diploma in Entrepreneurship are tabulated below:
Name of the Institute | Course Fee | Average Placement Package |
---|---|---|
Institute of Management Studies, Banaras Hindu University (BHU) | INR 15,000 | INR 9 LPA |
Noida International University | INR 60,000 | INR 5 LPA |
Indian School of Business Management and Administration (ISBM), New Delhi | INR 15,900 | INR 5.5 LPA |
ISME School of Management and Entrepreneurship | INR 10 LPA | INR 5.5 LPA |
Mother Teresa Women's University | INR 2,500 | INR 4-5 LPA |
Narsee Monjee Institute of Management Studies (NMIMS) | INR 27,500 | INR 9.7 LPA |
Check: Diploma in Entrepreneurship Colleges in India
Diploma in Entrepreneurship: College Comparison
The comparative study of few of the leading colleges in our country that offer Diploma in Entrepreneurship is made using the following table:
Parameter | Institute of Management Studies, BHU | Indian School of Business Management and Administration, Hyderabad | Noida International University |
---|---|---|---|
Overview | It is a public university, established in 1968 that offers only Management courses at postgraduate and doctorate levels. | It is a private B-school founded in 1992 that offers various Diploma, MBA and PGDM courses. | It is a private university, established in 2010, that offers several UG, PG and doctorate programs. |
Approval | AICTE | AICTE | AICTE, UGC, NCTE, COA, BCI |
Average Course Fee | INR 8,000-1,00,000 | INR 15,000- 50,000 | INR 80,000-1,00,000 |
Average Placement Package | INR 9 LPA | INR 12 LPA | INR 4.8 LPA |
Top Recruiting Companies | ICICI Bank, SBI Life Insurance, Gyan Diary, Hinduja, Max Fertilizers and Chemicals Limited, etc. | Flipkart, Amazon,BCG, Deloitte, HDFC Bank, Google, Microsoft, Samsung, Matrix, etc. | Jio, Wipro, Airtel, Cognizant, Idea, Reliance, TCS, HCL, Talent Toppers, Swiggy, Indus, BYJU's, Globiva, etc. |
Diploma in Entrepreneurship: Distance Education
The following are the two most renowned Institutes in India that offer the program in distance mode of learning:
Institute Name | Course Fee | Course Duration |
---|---|---|
Indian School of Business Management and Administration, Hyderabad | INR 15,000 | 3 months |
Odisha State Open University | INR 5000 | 1 year |
Diploma in Entrepreneurship: Syllabus
The semester wise syllabus for the course is mentioned below:
Semester I | Semester II |
Principles of Entrepreneurship | Project Appraisal and Finance |
Entrepreneurship Environment and Small Business Laws | Project Appraisal and Finance |
Business Opportunity Identification | - |
Diploma in Entrepreneurship: Important Books
Listed below include some of the highly recommended books along with their authors to study for Diploma in Entrepreneurship:
Books | Authors |
---|---|
Fundamentals of Entrepreneurship | H. Nandan |
Management and Entrepreneurship | N.V.R. Naidu |
Entrepreneurship and Small Business | Agarwal and Mehta |
Essentials of Entrepreneurship | Dr. Vandana Jain |
Entrepreneurship | Dr. Vandana Jain |
Entrepreneurship: A New Venture Creation | David H. Holt |
Entrepreneurship Development | Prof. Zanjat & Dr. Karmore |
Business Communication | R.C. Bhatia |
Diploma in Entrepreneurship: Course Comparison
Diploma in Entrepreneurship and Post Graduate Diploma in Entrepreneurship Development are similar courses but the difference are listed below:
Parameter | Diploma in Entrepreneurship | PG Diploma in Entrepreneurship |
---|---|---|
Focus | The course focuses on the basic understanding of entrepreneurship management and development. | The course focuses on in-depth knowledge in entrepreneurship management and development. |
Duration | 1 year | 1 year |
Course Level | Diploma | Post Graduation |
Examination Type | Semester and Annual | Semester |
Eligibility Criteria | 10+2 or equivalent | Graduation with at least 50% aggregate |
Admission Process | Merit and Entrance Exam based | Entrance Exam based |
Average Course Fee | INR 3,000-10,00,000 | INR 10,000-10,00,000 |
Average Salary | INR 3-10 LPA | INR 3-20 LPA |
Top Recruiting Areas | College, University, Administration Office, Consultancy, Accountancy, Sales, Small Enterprises , Marketing Company, etc. | College, University, Administration Office, Consultancy, Accountancy, Sales, Business, Marketing Company, IT Industry, E-commerce, etc. |
Job Roles | Marketing Executive, Marketing Manager, Business Reporter, Business Consultant, Faculty, Administrative Officer, Small Business Owner, Fundraiser, etc. | Marketing Executive, Marketing Manager, Business Consultant, Faculty, Human Resource Officer, System Analyst, etc. |
Diploma in Entrepreneurship: Job Profiles
One of the best career options in this specialisation is self-employment. With a Diploma in Entrepreneurship, the individuals can start up their own business or run and manage small enterprises. The following table includes the job profiles along with their description :
Job Profile | Description of the Job Profile | Average Annual Salary |
---|---|---|
Business Reporter | To collect and analyse facts about newsworthy events through interview, investigation, or observation; to report and write stories for newspaper, news magazine, radio or television. | INR 3.5 LPA |
Financial Analyst | To create and analyse financial planning of a company and allow the organisation to make well-informed commercial decisions . | INR 4.5 LPA |
Accounting Manager | To manage and supervise the day-to-day activities in the accounts department, analyze, record, track and audit financial information and manage the accounting staff . | INR 6 LPA |
Marketing Manager | To promote business, services, products or brands; develop marketing strategies; generate new business leads, and oversee marketing department staff. | INR 8 LPA |
Diploma in Entrepreneurship: Future Scope
After successful completion of the degree course, the candidates can start and run their own businesses or small enterprises. Besides that, they can also get hired in industries, marketing companies, consultancies and also colleges or universities. Furthermore, the candidates can opt for further studies in Entrepreneurship, if they wish.
- Post Graduate Diploma in Entrepreneurship Development: It is basically a full time program of 1-year duration, comprising 2 semesters. The eligibility candidates should have graduated with minimum 50% marks or its equivalent. The admission to the course is mostly based on entrance exams.
- Post Graduate Diploma Management in Business Entrepreneurship: this is a full time program of 2- year duration which emphasizes on real business issues. For its eligibility, the candidates should be graduates with minimum 50% marks or equivalent. The admission process is based on entrance exams.
Diploma in Entrepreneurship: FAQs
Ques. What is the basic purpose of a Diploma in Entrepreneurship course?
Ques. What is the course duration of Diploma in Entrepreneurship ?
Ques. What is the examination type of Diploma in Entrepreneurship course ?
Ques. Can someone from an Arts background opt for the Diploma in Entrepreneurship course ?
Ques. What are the available career options for those pursuing Diploma in Entrepreneurship courses?
Ques. What are the top recruitment areas in a Diploma in Entrepreneurship course?
Ques. What is the average salary package offered to the employees?
Ques. Can a candidate pursue a Diploma in Entrepreneurship in distance mode?
Comments