Description
Course Name: Diploma in Management Science
Course Id: DMS/Q1001.
Eligibility: Completion of 10+2 (higher Secondary) or equivalent.
Objective: The Diploma in Management Science offers a comprehensive understanding of management principles combined with scientific and analytical techniques. This diploma is ideal for those looking to pursue a career in management, particularly in roles that require a data-driven approach, process optimization, and strategic thinking.
Duration: 370 Hrs (Equivalent to One Year).
Total Credits: 18.
How You will Get Diploma Certificate:
Step 1- Select your Course for Certification.
Step 2- Click on Enroll Now.
Step 3- Proceed to Enroll Now.
Step 4- Fill Your Billing Details and Proceed to Pay.
Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.
Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.
Step 6- After Payment You will receive Study Material on your email id.
Step 7- After Completion of Course Study give Online Examination.
Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).
Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.
Online Examination Detail:
Duration- 60 minutes in each Module.
No. of Questions- 30. (Multiple Choice Questions) in each Module.
Maximum Marks- 600, Passing Marks- 40%.
There is No Negative marking in this module.
Benefits of Certification:
- Government Authorized Assessment Agency Certification.
- Certificate Valid for Lifetime.
- Lifetime Verification of Certificate.
- Free Job Assistance as per your Interest Area.
Syllabus
Management Concepts and Organizational Behavior- Definition of Management, Features of Management, Pioneer of Management Thinkers, Frederic Winslow Taylor, Henri Fayol, Activity, Group Activity, Universal Activity, Purposeful, Process, Intangible, Frederick Winslow Taylor, Benefits of Scientific Management, Criticism of Scientific Management.
Managerial Economics- Introduction to Managerial Economics, Definition, Nature of managerial Economics, Scope of Managerial Economics, operational Issues, Demand Analyses and Forecasting, Pricing and competitive strategy, Production and cost analysis, Profit analysis, Capital or investment analyses, Environmental or External Issues.
Business Environment- Introduction to Business, Business Environment: Emerging Order, Technological Environment, Economic Environment, Political Environment, Socio-Economic Environment, Natural Environment, Understanding the Business, Dealings in Goods and Services, Production and/or Exchange, Creation of form, time and place utility.
Financial Management- An Overview of Financial Management, Forms of business organization, Intrinsic value and market price of a stock, Important business trends, Business ethics, Agency problem, Career opportunities in finance, Financial Markets and Institutions, Financial Statements, Cash Flow, and Taxes, Financial Statement Analysis.
Human Resource Management- Meaning and Definition of HRIS, Most HRIS Contain, The process perspective, The event perspective, The cultural perspective, Intranets, Basic system requirements, Cost-benefit analysis, Efficiency and effectiveness, The HR Function, Workflow, Manager self-service, Employee self-service, Interactive voice response.
Management Science- Introduction to Management, Definition, Nature of Management, Dynamic nature of principle, Relative, not absolute principles, Management Science or Art, Management as profession, Characteristics of Management, Management is transformation process, Management is Dynamic, Management is decision making, Importance of Management.
Job Opportunities after completion of Diploma in Management Science course:
After successful completion of the Diploma in Management Science program, graduates are equipped with the knowledge and skills to pursue a variety of managerial and leadership roles across multiple industries. This program focuses on enhancing core management skills, strategic thinking, decision-making, problem-solving, and leadership abilities. Graduates are well-prepared to manage complex business operations, navigate challenges, and contribute to the overall success of organizations.
Career Options for Graduates of the Diploma in Management Science:
1. Business Manager
- Role: Overseeing and managing the day-to-day operations of a business, ensuring that all departments work cohesively to achieve organizational goals. This role involves strategic planning, performance management, and budget control.
- Salary Range:
- Entry-Level: ₹6,00,000 – ₹8,00,000 per annum
- Mid-Level: ₹8,00,000 – ₹12,00,000 per annum
- Senior-Level: ₹12,00,000 – ₹20,00,000+ per annum
2. Operations Manager
- Role: Responsible for the efficient management of business operations, ensuring smooth workflow across all departments, optimizing processes, and ensuring high productivity and profitability.
- Salary Range:
- Entry-Level: ₹6,00,000 – ₹8,00,000 per annum
- Mid-Level: ₹8,00,000 – ₹14,00,000 per annum
- Senior-Level: ₹14,00,000 – ₹20,00,000+ per annum
3. Project Manager
- Role: Managing specific projects from initiation to completion, ensuring they meet deadlines, stay within budget, and achieve desired outcomes. Project managers handle resources, timelines, risks, and stakeholder expectations.
- Salary Range:
- Entry-Level: ₹5,00,000 – ₹7,00,000 per annum
- Mid-Level: ₹7,00,000 – ₹12,00,000 per annum
- Senior-Level: ₹12,00,000 – ₹18,00,000+ per annum
4. Product Manager
- Role: Overseeing the development and lifecycle of a product, from concept to launch. This role involves market research, competitor analysis, product strategy, and working closely with development, sales, and marketing teams.
- Salary Range:
- Entry-Level: ₹7,00,000 – ₹9,00,000 per annum
- Mid-Level: ₹9,00,000 – ₹14,00,000 per annum
- Senior-Level: ₹14,00,000 – ₹22,00,000+ per annum
5. Human Resources Manager
- Role: Managing the recruitment, training, employee development, performance management, and organizational culture of a company. This position involves ensuring compliance with labor laws and fostering a productive and positive work environment.
- Salary Range:
- Entry-Level: ₹5,00,000 – ₹7,00,000 per annum
- Mid-Level: ₹7,00,000 – ₹10,00,000 per annum
- Senior-Level: ₹10,00,000 – ₹18,00,000+ per annum
6. Business Development Manager
- Role: Identifying new business opportunities, developing strategies to increase revenue, and managing client relationships. This role involves networking, negotiation, and building partnerships to expand the company’s market presence.
- Salary Range:
- Entry-Level: ₹5,00,000 – ₹7,00,000 per annum
- Mid-Level: ₹7,00,000 – ₹12,00,000 per annum
- Senior-Level: ₹12,00,000 – ₹20,00,000+ per annum
7. Marketing Manager
- Role: Developing and implementing marketing strategies to promote a company’s products or services. This role involves market research, advertising, brand management, and digital marketing campaigns.
- Salary Range:
- Entry-Level: ₹6,00,000 – ₹8,00,000 per annum
- Mid-Level: ₹8,00,000 – ₹14,00,000 per annum
- Senior-Level: ₹14,00,000 – ₹20,00,000+ per annum
8. Financial Analyst / Manager
- Role: Analyzing financial data, preparing reports, and advising on investment decisions and budgeting. This role involves assessing the financial health of a company and providing recommendations for cost savings and profitability.
- Salary Range:
- Entry-Level: ₹6,00,000 – ₹8,00,000 per annum
- Mid-Level: ₹8,00,000 – ₹12,00,000 per annum
- Senior-Level: ₹12,00,000 – ₹18,00,000+ per annum
9. Consultant (Management/Strategy)
- Role: Providing expert advice to organizations on various aspects of business, including strategy development, operations improvement, process optimization, and organizational change management.
- Salary Range:
- Entry-Level: ₹7,00,000 – ₹10,00,000 per annum
- Mid-Level: ₹10,00,000 – ₹18,00,000 per annum
- Senior-Level: ₹18,00,000 – ₹30,00,000+ per annum
10. Supply Chain Manager
- Role: Managing the end-to-end process of the supply chain, including procurement, logistics, inventory management, and distribution. This role involves optimizing the supply chain to minimize costs and maximize efficiency.
- Salary Range:
- Entry-Level: ₹5,00,000 – ₹7,00,000 per annum
- Mid-Level: ₹7,00,000 – ₹12,00,000 per annum
- Senior-Level: ₹12,00,000 – ₹18,00,000+ per annum
Skills Developed During the Program:
- Strategic Management: Ability to develop and implement business strategies that align with organizational goals.
- Leadership and Decision-Making: Expertise in leading teams and making critical decisions under pressure.
- Financial Management: Knowledge of budgeting, forecasting, and financial analysis.
- Project Management: Skills in managing projects, timelines, resources, and stakeholder expectations.
- Marketing and Sales: Insights into consumer behavior, digital marketing, branding, and sales strategies.
- Human Resource Management: Techniques for managing employee relations, talent acquisition, and performance management.
- Operations Management: Optimizing business processes, improving productivity, and ensuring operational efficiency.
Salary Growth Factors:
- Industry: Graduates in fields like IT, finance, consulting, and FMCG generally earn higher salaries than those in education, healthcare, or smaller organizations.
- Location: Cities like Mumbai, Delhi, Bengaluru, and Pune tend to offer higher salary packages due to the concentration of major corporations and industries.
- Experience: With more experience, especially in managerial or leadership roles, salaries increase significantly.
- Company Size and Type: Larger organizations or multinational companies offer higher salaries and better benefits compared to smaller firms or startups.
Conclusion:
Graduates of the Diploma in Management Science program are well-equipped to take on a wide range of managerial roles across various industries, including business operations, marketing, finance, project management, and human resources. The salary range can vary based on experience, industry, location, and company size, but overall, graduates can expect to earn competitive salaries in leadership positions. The program provides a strong foundation for those aiming to become leaders in the business world and offers a significant potential for career growth and advancement.
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