9 Diplomas You Can Pursue After Commerce

Are you about to take your B.com final exams soon? Or have you already finished your commerce degree? After exams, it’s natural to feel concerned about your future career. What should you do next to establish a successful career? Why Diplomas are important, Which diplomas are the best options after B.com? Which diploma can offer lucrative salary packages? These are the questions that often cross your mind, right?

No worries, we’ve got you covered. We aim to introduce you to the different popular diploma courses you can pursue after completing your Bachelor of Commerce degree. These courses will help you make the right career choice.

If you’ve got your goals all figured out, that’s great! But if you’re still unsure, it’s about time you make a smart choice to pave the way for a strong and successful career. With so many options out there, it’s easy to feel overwhelmed. That’s why we’re here to give you a quick rundown on the various diploma courses you can pursue after finishing your Bachelor’s in Commerce. Let’s dive in 

Reasons Why Diplomas Are Better Than Degrees

• Diplomas prepare you for the workforce: Getting a diploma equips you for the workforce in a special manner. Diploma programmes concentrate on offering hands-on and technical expertise in a particular field, making individuals with diplomas valuable due to their practical skills that employers desire. On the other hand, individuals with degrees might have limited options since their education leans towards theory. Therefore, if you aim to shine in the job market, having a diploma can provide you with a competitive advantage.
• You have a good chance of securing a job quickly: Nowadays, there are more opportunities for technical jobs compared to traditional “office” jobs. Employers prioritise practical knowledge over theoretical knowledge. Individuals with degrees often face difficulties in finding employment, especially without any prior experience. However, diploma courses that offer technical knowledge can prepare you for the job market. The increasing demand for individuals with technical skills has made it even easier to find a job.
• There’s a better chance of making more money: Getting a higher salary usually requires climbing the corporate ladder or pursuing a master’s degree. However, this can be time-consuming and expensive. Interestingly, even after completing a diploma, you may earn more in your initial job compared to someone with a degree. Over time, as you accumulate experience and knowledge, your earning potential is expected to increase.
• A diploma course can be completed in a short span of time: On average, it usually takes about four years to complete a full course and earn a degree. However, if you opt for a diploma instead, you can finish it in almost half the time. This means you’ll be ready to enter the job market sooner, giving you a head start and the opportunity to start earning earlier.
• Choosing a diploma is a budget-friendly option: One big obstacle that stops individuals from enrolling in a degree programme is the expensive cost of education; tuition fees can be quite steep. Many individuals with limited financial resources rely on scholarships to gain admission to college. Opting for a diploma programme is a more affordable option that also requires less time. Additionally, there are student loans available for diploma programmes, which makes it more accessible to pursue education at a lower cost.
• Diploma programmes offer great flexibility: Diploma programmes are a great option for students who are working and want to pursue their education part-time. They usually have fewer units compared to degree programmes, which makes them less overwhelming. Unlike degrees, diplomas are less demanding and have less theoretical content to study and understand.

Let’s now talk about the best diploma courses. Let’s dive in.

Diploma In Entrepreneurship

What It’s About 

The Diploma in Entrepreneurship is a programme that can be taken either full-time or part-time. It is perfect for those who are passionate about business and aspire to become entrepreneurs in the future. The programme emphasises the fundamentals of finance and business operations. Students will gain a deep understanding of entrepreneurship and learn about the intricacies of business and market economics.

What You’ll Study 

In a Diploma in Entrepreneurship, you’ll focus on:

• Business Planning: Learning how to create a solid plan for your business, setting goals and strategies.
• Marketing Strategies: Understanding how to promote your product or service effectively to attract customers.
• Financial Management: Gaining knowledge about handling finances, budgeting, and managing resources for business success.
• Entrepreneurial Mindset: Developing the mindset needed for entrepreneurship, including being adaptable and solving problems.

Important Details About The Diploma 

• • Duration: 1 Year 
  • Course Fee: INR 3,000-10,00,000
  • Average Starting Salary: INR 3-9 LPA
  • Job Roles: Marketing Executive, Marketing Manager, Business Reporter, Business Consultant, Faculty, Administrative Officer, Fundraiser, etc.

• Top Colleges: Institute of Management Studies, Banaras Hindu University (BHU), Noida International University, Indian School of Business Management and Administration (ISBM), New Delhi, ISME School of Management and Entrepreneurship, Mother Teresa Women’s University, Narsee Monjee Institute of Management Studies (NMIMS)

Diploma In Risk Management

What It’s About 

Studying risk management is like learning how to navigate a ship through stormy seas. It’s about figuring out potential problems before they happen and finding ways to deal with them smartly. Just as a good captain prepares for rough waters, in risk management, you learn to identify and handle possible challenges in a business. This way, you help the company sail smoothly, avoiding unexpected issues and staying on course to success.

What You’ll Study

In a Diploma in Risk Management, you’ll study:

• Risk Identification: Learning to recognise potential problems and challenges that could affect a business.
• Risk Assessment: Understanding how to evaluate the likelihood and impact of identified risks.
• Risk Mitigation Strategies: Exploring ways to minimise or eliminate risks to ensure smooth business operations.
• Crisis Response Planning: Developing plans to handle unexpected situations and navigate challenges effectively.

These key areas equip you with skills to anticipate, assess, and manage risks in a business context.

Important Details About The Diploma 

• • Duration: 1 Year
  • Course Fee: INR 1.5-5 LPA
  • Average Starting Salary INR 3 – 20 LPA.
  • Job Roles: Financial Analyst, Head of Research and Analytics, Investment Risk Analyst, Portfolio Financial Analyst, Risk Analyst, Quantitative Researcher, Securities Analyst, Senior Director of Credit Risk, etc. 

• Top Colleges: Institute of Management & Research (IMR), IIRM – Institute of Insurance and Risk Management, International School of Business and Media, Pune, BK School of Business Management, Gujarat University, Ahmedabad, University of Jammu, Global Risk Management Institute, Gurugram.

Diploma In Corporate Law

What It’s About  

Corporate Law Diploma courses focus on the set of laws that regulate the rights, interactions, and behaviour of individuals, companies, organisations, and businesses. It encompasses the legal aspects of dealing with corporations, as well as the theoretical framework behind them. You have the option to pursue Corporate Law through traditional offline methods or online platforms. Nowadays, there is a wide range of courses available in Corporate Law, catering to different educational levels such as undergraduate, postgraduate, doctoral, and diploma programs. Additionally, numerous reputable websites like Udemy, Coursera, and edX offer online certificate courses in collaboration with recognised colleges and institutes.

What You’ll Study

In a Diploma in Corporate Law, you’ll study:

• Business Laws: Understanding the legal framework that governs businesses, including contracts and agreements.
• Corporate Governance: Learning about the structure and rules that guide the decision-making processes within a company.
• Compliance: Exploring the laws and regulations that businesses must adhere to in their operations.
• Legal Problem-Solving: Developing skills to handle legal challenges and conflicts that may arise in a corporate setting.

This diploma provides a foundation in legal aspects crucial for effective corporate management and ensures businesses operate within the boundaries of the law.

Important Details About The Diploma 

• • Duration: 1Year
  • Course Fee: Certificate: INR 800-60,000, Diploma: INR 50,000-3,00,000
  • Average Starting Salary: Certificate: INR 2-5 lakh, Diploma: INR 2-8 lakh
  • Job Roles: Corporate Lawyer, Lecturer, Law Officer, Corporate Events Associate, Legal Advisor, Legal Counsel, Associate Advocate, Corporate Events Associate, Legal Administrator, Magistrate or Judge, and more.

• Top Colleges: Indian School of Business Management and Administration – ISBM, Jaipur, West Bengal National University of Juridical Sciences

Diploma In E-commerce Management

What It’s About  

The E-commerce diploma is all about the basics, tactics, and abilities needed for online business. It’s a complete roadmap for students to master the art of selling and purchasing online. This covers everything from building a website, showcasing products, and ensuring a seamless buying experience for customers, to effectively marketing online stores.

What You’ll Study

In a Diploma in E-commerce Management, you’ll study:

• Digital Marketing: Learning how to promote and sell products or services online effectively.
• Online Store Management: Understanding the operations of e-commerce platforms and optimising them for success.
• Customer Relationship Management (CRM): Developing strategies to build and maintain positive relationships with online customers.
• Digital Payment Systems: Exploring secure and efficient methods of handling online transactions.

This diploma equips you with the skills to navigate and thrive in the world of online business, covering key aspects of e-commerce operations and management.

Important Details About The Diploma 

• • Duration: 2.5 Year
  • Course Fee: INR 10-20 LPA
  • Average Starting Salary: INR 6-15 LPA
  • Job Roles: E-commerce Manager, Online Marketing Manager, Digital Marketing Specialist, Web Developer, Customer Service Manager, Supply Chain Manager, Business Development Manager, Entrepreneur

• Top Colleges: IIT Delhi, IIM Bangalore, NMIMS Mumbai, LPU Punjab

Diploma In Financial Management

What It’s About 

The Diploma in Financial Management course provides a solid foundation in management principles, focusing on both quantitative and conceptual aspects. This programme offers a comprehensive understanding of managerial functions and prepares candidates for managerial roles and further studies. Upon completion of the course, candidates are equipped with the skills to develop financial management strategies, conduct reviews, and mitigate financial risks. They are also capable of identifying cost-reduction opportunities and more. 

What You’ll Study

In a Diploma in Financial Management, you’ll study:

• Financial Planning: Learning how to create effective financial plans to achieve business goals.
• Budgeting: Understanding how to allocate and manage financial resources efficiently.
• Investment Strategies: Exploring ways to make smart financial investments to grow the company’s assets.
• Financial Analysis: Gaining skills in analysing financial data to make informed decisions for the business.

This diploma provides a strong foundation in managing and optimising financial aspects, ensuring the financial health and success of a business.

Important Details About The Diploma 

• • Duration: 1 Year
  • Course Fee: Between INR 10,000 and 8,00,000
  • Average Starting Salary: INR 2 – 8 LPA
  • Job Roles: Financial Services & Research Analyst, Management Trainee, Finance Assistant & Accountant, Financial Consultant, Financial Accountant, Market Analyst, Investment Analyst, Loss Control Specialist etc.

• Top Colleges: NMIMS University, Indian School of Business Management and Administration, Delhi, Indian School of Business Management and Administration, Bangalore, University of Mumbai.

Diploma In Business Analytics

What It’s About 

Technology is becoming increasingly integrated into every field and industry in the modern era. The collection, analysis, sorting, and organisation of information now heavily rely on technology. This falls under the specialisation of Business Analytics, which is currently one of the most rapidly growing fields among students. A career in business analytics offers great rewards and promising prospects. It provides ample opportunities for professional growth throughout one’s career. The nature of the job requires individuals to stay updated with various departments and sectors, fostering a continuous and enriching learning experience.

What You’ll Study

In a Diploma in Business Analytics, you’ll study:

• Data Analysis Techniques: Learning how to analyse and interpret data to extract meaningful insights.
• Data Visualisation: Developing skills to present data in a visually understandable way for decision-making.
• Business Intelligence Tools: Exploring tools and technologies used to gather, process, and analyse data.
• Application Of Analytics In Business: Understanding how to use data-driven insights to make informed business decisions.

This diploma equips you with the essential skills to harness the power of data for strategic decision-making in a business context.

Important Details About The Diploma 

• • Duration: 1-2 Year
  • Course Fee: INR 1- 10 lakh per annum.
  • Average Starting Salary: INR 5- 12 lakh per annum.
  • Job Roles: Data Scientist, Market Research Analyst, HealthCare Analyst, Quantitative Analysts, Computer System Analysts

• Top Colleges: IIM Ahmedabad – Indian Institute of Management, IIM Bangalore – Indian Institute of Management, XLRI Xavier School of Management, Jamshedpur Chandigarh University (CU), Kingston College of Science, Kolkata 

Diploma In International Business

What It’s About

An International Business diploma is designed to provide knowledge about the workings of international businesses. It teaches skills such as export and import management, logistics, finance, foreign exchange, and trade in the global market. The subjects covered in this diploma include Marketing Management, Global Business Environment, International practices, and laws related to trade, business, and finance. Studying International Business gives a comprehensive understanding of how businesses and markets operate on a global scale. In today’s era of globalisation, this course is highly relevant. After completing the diploma, candidates can continue their academic growth by pursuing a postgraduate diploma and other related courses.

What You’ll Study

In a Diploma in International Business, you’ll study:

• International Trade: Understanding the principles and practices of conducting business across borders.
• Cultural Considerations: Exploring the impact of cultural differences on international business interactions.
• Global Business Strategies: Learning how companies develop and implement strategies for success in the global market.
• Trade Regulations: Understanding the legal and regulatory aspects of international trade.

This diploma provides the knowledge and skills needed to navigate the complexities of global business environments, facilitating success in an international marketplace.

Important Details About The Diploma 

• • Duration: 1-2.5 Years 
  • Course Fee: 5,500 – 15,000
  • Average Starting Salary: 15lakh – 25 lakh
  • Job Roles: International Financial Analyst, International Marketing Manager, Business Development Manager etc

• Top Colleges: IIS University Jaipur, Indian School of Business Management, Hyderabad, Central India Institute of management studies, Jabalpur, Jagran Lakecity University Business School, Bhopal

Diploma In Human Resource Management

What It’s About

The Human Resource Management Diploma is a management certificate programme that lasts for one year. It aims to provide students with essential knowledge and skills in managing human resources effectively. Human Resource Management is a component of Business Management Studies. The main objective of this programme is to equip organisations with the necessary and valuable resources. The curriculum of the Human Resource Management Diploma covers various disciplines such as business environment, effective communication, and management accounting.

What You’ll Study

In a Diploma in Human Resource Management, you’ll study:

• Recruitment And Staffing: Learning how to attract, hire, and onboard employees effectively.
• Training And Development: Understanding the processes involved in enhancing employees’ skills and knowledge.
• Employee Relations: Managing relationships within the workplace, addressing conflicts, and ensuring a positive work environment.
• Talent Management: Identifying and nurturing the skills and potential of employees to support organisational goals.

This diploma equips you with the skills to manage the people aspect of businesses, ensuring a productive and harmonious work environment.

Important Details About The Diploma 

• • Duration: 1 Year
  • Course Fee: Rs. 10,000 to Rs. 50,000
  • Average Starting Salary: Rs. 5 LPA
  • Job Roles: Human Resource Manager, Performance Analyst, Accountant

• Top Colleges: Madras Christian College, Chennai, Sai Nath University, Ranchi, Apex Institute of Management, Nagpur, Avagmah Business School, Bangalore, Indian Institute of Commerce and Trade, Lucknow

Diploma In Supply Chain Management

What It’s About

A supply chain management diploma is typically a programme that lasts for one or two years. It gives students the necessary skills and knowledge to pursue a career in supply chain management. This field involves handling complex networks of companies, finances, resources, logistics, and technology. Supply chain management is crucial in the competition between companies. By completing a diploma in this field, students can improve their career prospects and secure higher management positions. The course covers various subjects like Theory and Practice, Organisational Behaviour, Business Economics, Corporate Social Responsibility, Information Systems for Managers, Business Communication, and Business Law. Its goal is to provide students with a comprehensive understanding of supply chain management concepts and their practical applications, including on-time delivery, resource management, and process optimisation.

What You’ll Study

In a Diploma in Supply Chain Management, you’ll study:

• Logistics: Learning the efficient movement of goods from manufacturers to consumers.
• Procurement: Understanding how to acquire the necessary materials and resources for production.
• Inventory Management: Managing and optimising the stock of goods to meet demand.
• Supplier Relationships: Building and maintaining effective partnerships with suppliers for a smooth supply chain.

This diploma provides the knowledge and skills needed to ensure products are available when and where they’re needed, optimising the entire supply chain for efficiency and customer satisfaction..

Important Details About The Diploma 

• • Duration: 1 year
  • Course Fee: INR 10,000 to INR 80,000
  • Average Starting Salary: INR 3.6 Lac
  • Job Roles: Purchasing Agent, Operations Manager, Logistics Analyst, Supply Chain Management, Production clerk, Logistician, Logistics Manager, and Planning Clerk

• Top Colleges: Indian Institute of Business Management and Studies, Mumbai, London College, Kochi, St. Xavier’s College, Kolkata, Symbiosis Institute of Management Studies, Pune, GD Goenka School of Management, Gurgaon

The Next Step

A diploma programme after completing your degree can be a fantastic option for students who want to enhance their skills and knowledge in a specific field. These programs are designed to offer practical training and hands-on experience, equipping students for the job market in a short period. There are a variety of diploma programs available in areas such as science, arts, and commerce, enabling students to choose the one that aligns with their interests and career aspirations. Moreover, with the advent of online learning platforms, these programs have become more accessible and flexible, making it convenient for students to pursue them. Ultimately, opting for a diploma programme after graduation can provide students with a competitive edge in the job market and unlock numerous career opportunities.

We hope we have been able to give you all the necessary information about diploma courses after graduation. But if you still have any questions, why not reach out to our industry experts? Mentoria offers a wide range of streams, over 850 courses, and insights into more than 12,000 careers. Our goal is to assist you in finding the perfect academic path. Connect with our mentors today and begin your journey towards a rewarding and successful student life.