Businesses always have been a critical factor in the economic development of all countries. It is a powerful driving force of innovation, productivity, job creation and economic growth. At present, the business world has grown bigger; you can sell or buy anything and everything. This scenario has hiked career opportunities in organisational and self-made businesses. Whatever product you are willing to sell, you must know the product well and have a firm grip on business plans and strategies. To learn the basics and the uniqueness of the business, you are to own a business certification from a reputed business school.
Australia has always been a powerhouse for entrepreneurs, startups, and small enterprises. Small businesses are the backbone of the Australian economy. At present, Australian businesses are more inclined towards education, government support and technology. Well, there are various initiatives, courses, and efforts made by the Australian government and education institutions to serve the business mind with suitable business courses like a Bachelor of business. When it comes to business schools, Australia is the best place as it has prestigious colleges and universities offering world-class education. Among the various business degree and courses offered in Australia, the Diploma of Business Studies is popular among domestic and international students. So, let’s look into the details of what you will earn after getting a Diploma of Business.
What is a Diploma of Business (BSB50120)?
Before diving into the details of the course, let’s first look at Why Diploma courses are good for you? Your decision to choose diplomas over a bachelor’s or master’s degree can be beneficial as diplomas are cheaper in fees when compared to these degrees. Along with the flexible learning options, you can start earning in your early working days. Diplomas can be completed much faster and require fewer prerequisites. Best of all, a person with Diploma is more likely to be hired and valued in the niche industry.
Diploma in Business: Brief Introduction
Diploma of Business BSB50120 prepares you to research, analyse and interpret domestic and international business environments and trends and eventually plan your business proposals. Individuals can earn substantial skills in various business functions and create further educational and employment opportunities. This course teaches you the foundation of communication, marketing, and management. This qualification has a total of 12 units/subjects, where there are 5 core units and 7 elective units.
Talking about the course structure of the Diploma of Business BSB50120 has 5 major core subjects /units, which are:
- BSBXCM501 Lead communication in the workplace
- BSBFIN501 Manage budgets and financial plans
- BSBOPS501 Manage business resources
- BSBSUS511 Develop workplace policies and procedures for sustainability
- BSBCRT511 Develop critical thinking in others
It includes 7 Elective units where 2 elective units should be selected from Group A while the remaining 5 elective units from Groups A – I. The Groups are:
- Group A: Business Operations
- Group B: Leadership
- Group C: Organisational Development
- Group D: Compliance
- Group E: Business Development
- Group F: Digital and Data
- Group G: Records and Information Management
- Group H: Procurement
- Group I: Evaluations
You can specialise in any of the above-mentioned groups. Learn more about additional packaging rules at BSB50120 – Diploma of Business at Training.gov.au
Course Duration of Business Diploma is 1 year full-time [ To break it down, 52 weeks, where 40 weeks of training and assessment and 12 weeks of holidays]
Entry Requirements for International Students to pursue Diploma of Business
- Age: Age of 18 years or above
- Academic Requirement: Completed at least the High school or Australian Year 12 or equivalent.
- English Language Requirements: IELTS score of 5.5 or equivalent
The average Tuition fee for a Diploma of Business is Approx. AU$17,111.20 per annum.
Education Pathways of BSB60120: Students can complete this course and continue with the BSB60120 Advanced Diploma of Business or other Advanced Diploma level qualifications.
What are the key things you will learn from a Diploma in business?
When you pursue your Diploma of Business course, you will learn the following things and can use them for a strong future career as well.
- You will learn the importance of effective business communications and how they make your business compelling.
- You will study market analysis and big data, which will help you identify and evaluate marketing opportunities.
- You will learn about the basics and specifics of handling a business project. It includes developing, managing, and evaluating projects.
- You will learn about accounting and business law basics which will help you do a successful business, work on business risk management, and prevent failures in your existing or new business.
- You can learn about customer journey mapping and consumer behaviour needed for brand engagement and customer experience management in brick-and-mortar and online businesses.
- You will learn about organisational culture, emotional intelligence, and human relationships in the workplace, which will help you work well in a management role.
- Digital marketing is thriving. In this course, you will be taught about online/ digital marketing strategies to make your business stay ahead. You can learn Content Creation, Integrated Marketing Communications, or Public Relations.
Jobs you can get with a Diploma of Business(BSB50120)
A Diploma of Business (BSB50120 ) qualification makes an individual can opt for one of the job opportunities given below:
- Business Development Manager
- Office Manager
- Team Leader
- Business Manager
- Sales team Manager
- Retail Manager
- Program Coordinator
- Program Consultant
- Human Resources Manager
- Unit Manager
- Executive Officer
- Business Services Manager
- Compliance Officer
- Organisational Development Advisor
- Business Owner
Why should you study Diploma of business (BSB50120)?
- It is an internationally recognised course.
Whether working for a company or starting your own business related to clothes, plants, gadgets, or anything, you need to be credible. The first step to becoming credible is having an internationally recognised Certification. This Business Diploma is an internationally recognised and nationally accredited course. It offers a practical approach to understanding and functioning a business. Another great thing about a Diploma of Business is that it helps you build your professional career in any place you like. When you master communication and professional management after completing the course, you can start working and become a vital business leader for any National, Multi-National Company, or even International company.
2. Business Diploma has a perfect mix of core and elective units.
A business diploma is an evidence-based approach course that includes a strategy for learning and improving one’s business career goals and gaining useful abilities. It has 5 major core units and includes 7 Elective units which cover the essentials needed to build a strong career in business.
3. You can enjoy advancement and even switch to a different job.
Diploma of Business offers more opportunities for career advancement and when you get the advancement, you can see a rise in salary and professional respect. Also, you can have an opportunity to challenge yourself and be the best version of yourself in the professional field. If you have a business diploma certification, your business skills can be transferred more easily between other industries. This provides you with the opportunity to switch to different jobs, to be specific between industries.
4. You can have diversified career options.
A diploma of business qualification doesn’t limit you to one specific career or field. In fact, you can open the door to a multitude of opportunities to build career in marketing, advertising, finance, and accounting, etc. Furthermore, Business Diploma prepares you for any industry’s overall management and strategic direction.
5. You gain skills desired by every industry.
Known to everyone, every job role and workplace demands a certain set of skills and ability to carry out day-to-day tasks. Most of the time, you can use those professional skills in another industry or work position. After or while pursuing your Diploma of Business, you will learn key business and marketing skills which is profitable to the company and to your team or department.
6. Learn the Right investment & finance for businesses.
The pillar of starting a business is Investment & Finance; if a business doesn’t hold a strong knowledge of these topics, then a chance of a business going south is high. Hence, businesses undertake the necessary classes and training to have a firm knowledge of handling, distributing and managing their capital. With the Diploma of Business course, you will be familiar with what asset to invest in, what factors to consider, basic economic principles, trends in world business, and many more. This kind of prior learning inspires you to make better investment decisions and ultimately take the progress graph to the North.
7. You will master project management.
Studying Diploma of business makes you more eligible to become a project manager. You will learn from your theoretical knowledge, but your hands-on experience while handling a project, tackling business challenges, finding problems and solving them smartly, and, most importantly, making perfect use of the resources will turn out to be your true teacher. In fact, you will have your analytical and cost-effective approach activated, which will help you utilise one or many available project management tools and organise your business workflows and various aspects.
8. Know your target audience and customers in 101 Level.
You may have an innovative idea to solve a problem via your product, service, or business, but the skill needed to fluently and visually describe the product is crucial. Imagine you have the best understanding of business you are into, but you are lacking in conveying that message to your target audience or customer. This is certainly bad news. So, one needs to work on the skill to connect to the audience. When you take the diploma course in business and perform some practical business activities, you will develop vocational skills to take matters into your hands and reach the right audience/customer. In fact, you will work to connect to them in a very creative manner.
9. It helps you to start your own business.
Many business students opt to get a degree in business because they feel the urge to become an entrepreneur and make it big in the niche business market. Launching their dream business and becoming their own boss rewards them with happiness and fulfilling their life purpose. The entrepreneurial skills learnt with the BSB50215 Diploma of Business course will help you make a good business model, understand the core business values, practice smart business practices, and many more. For aspiring entrepreneurs out there, the Diploma of Business course is the go-to course as it aids in getting your idea to solve people’s problems into a profitable business.
10. Basically, it is the best option for you.
When you are falling short on time and money or/and looking for the best career paths for business besides an undergraduate degree or university degree, then a Diploma of Business is the perfect solution. You can garner business knowledge while also saving up time and money. As soon as you complete your business Diploma, you will be job-ready and confident to apply for a business job. Also, you can get hired soon as there is a shortage of vocational workers in Australia.
Overall, with the vocational qualification of a Diploma of Business, you will garner the academic skills for handling a business along with the soft skills required to build a strong business network.
Enrol now at SABT and set your path to a better business career with a Diploma of Business
If you want to have a smooth pathway for your business studies, then pursuing your Diploma of Business at SABT is the best option.
SABT is a recognised RTO (Registered Training Organisation) located in Sydney CBD. At present, we are hosting students from more than 25 different countries. Regarding business studies, we offer a Diploma of Business, Advanced Diploma of Business, and Certificate IV in Business. We are the best business college in Australia as we make sure to have the business department and teaching faculty to equip students with the best and most useful business skills and eventually build a strong business career. At SABT, this Diploma of Business BSB50120 course is delivered face-to-face on-campus (classroom setting) and online, which is actually a simulation of a workplace-based environment. We also have fee-help for deserving students.
So, if you are a domestic or international student desiring to pursue a Diploma of Business or are looking for a good institution for your study journey in Australia, then you can choose us. Contact us for further information on enrolment.