Why Choose the Virtual Diploma of Business Course for Organisations and Individuals?
Upskilling and reskilling are crucial components for personal and organisational success in today’s rapidly evolving world. At Prestige Service Training, we stand behind this belief. Our Diploma of Business virtual course is designed to provide learners with the tools and knowledge required to launch or advance their careers in various business fields.
The Diploma of Business course is the ideal solution for individuals seeking to gain a competitive edge in the job market, professionals seeking to broaden their skills, and organisations looking to invest in developing their staff.
Benefits for Individuals:
- Gain in-demand business skills and knowledge.
- Increase earning potential and job prospects.
- Enhance career mobility and advancement opportunities.
- Build a strong foundation in business principles that will benefit most professional areas.
Benefits for Organisations:
- Invest in the development of employees and boost morale and productivity.
- Stay ahead of the curve and ensure the workforce has the skills and knowledge needed to succeed in the future.
- Reduce turnover and recruitment costs.
- Create a more competitive and innovative organisation.
What is the Diploma of Business Course?
Find out more details
The Diploma of Business is a comprehensive course designed to provide individuals and organisations with the advanced skills and knowledge they need to succeed in the modern business world. This course covers a wide range of business topics, including business operations, management, human resources, accounting, and more.
Features:
- A comprehensive curriculum that covers crucial business topics.
- Interactive activities and real-world case studies that facilitate practical learning.
- A flexible and convenient virtual learning environment.
- A nationally recognised level 5 qualification.
- A pathway to further education in business.
Our digital education platform is thoughtfully crafted to facilitate convenient and flexible learning. Our learners have the freedom to learn at their own pace, at their preferred time and location.
Course Overview
Details
The Diploma of Business course is a comprehensive virtual learning experience tailored for individuals and organisations. It provides a solid understanding of advanced business concepts and practices.
- Qualification code: BSB50120
- Qualification name: Diploma of Business
- Nationally recognised qualification: Yes
- Duration: 12 months
Delivery:
- Self-paced blended delivery schedule
Units of competency: 12
- 5 core units +
- 7 electives
Structure
BSB50120 Diploma of Business consists of five (5) core units and seven (7) electives.
Core:
- BSBCRT511 – Develop critical thinking in others
- BSBFIN501 – Manage budgets and financial plans
- BSBOPS51 – Manage business resources
- BSBXCM501 – Lead communication in the workplace
- BSBSUS511 – Develop workplace policies and procedures for sustainability
Elective:
- BSBTWK503 – Manage meetings
- BSBOPS504 – Manage business risk
- BSBPMG430 – Undertake project work
- BSBPEF501 – Manage personal and professional development
- BSBSTR502 – Facilitate continuous improvement
- BSBMKG541 – Identify and evaluate marketing opportunities
- BSBCMM411 – Make presentations
Cost
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Convenient payment plans are offered to allow individuals and organisations to manage expenses while investing in their future, starting from as little as $209 a week over a 6 month period.
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Professional Development course cost = $4,999
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International cost = $10,000
Entry requirements and eligibility
To enrol in the Diploma of Business course, applicants must be at least 16 years old, complete a Language, Literacy, and Numeracy Assessment, and have adequate English proficiency with an Australian Core Skills Framework (ACSF) of 4 or higher. While industry experience is not necessary, it is recommended. Additionally, learners need minimum computer literacy, Microsoft Office 365 access, and unrestricted internet access. They should also be able to record assessments and provide a Unique Student Identifier (USI) at enrolment. The Student Handbook provides full details on entry requirements.
Delivery
Our virtual classroom provides both individuals and organisations with a convenient and flexible way to upskill and reskill. Through our online learning platform, learners can readily access course materials, engage in discussions, and collaborate with peers.
Intakes
The course offers several intakes throughout the year, providing learners with the convenience of commencing their studies at a time that aligns with their schedules. To view the current intakes, click on ‘Enrol Now’.
Work Outcomes
Where can I work, what can I do?
Upskilling and reskilling can lead to a number of positive work outcomes for both individuals and organisations. By investing in the development of their skills and knowledge, individuals can improve their earning potential, job prospects, and career mobility. Organisations can benefit from increased productivity and profitability, improved employee morale and retention, and enhanced innovation and competitiveness.
For individuals:
- Increased earning potential.
- Improved job prospects.
- Enhanced career mobility and advancement opportunities.
- Greater job satisfaction and engagement.
- Reduced risk of job displacement.
For organisations:
- Increased productivity and profitability.
- Improved employee morale and retention.
- Reduced recruitment and training costs.
- Enhanced innovation and competitiveness.
Here are some specific examples of work outcomes that have been linked to upskilling and reskilling:
- According to a study by the McKinsey Global Institute, upskilled or reskilled workers earn an average of 10% more than their counterparts.
- A LinkedIn survey discovered that 92% of professionals believe that upskilling is crucial for career growth.
- A report by the World Economic Forum predicts that by 2025, 50% of all employees will need to upskill or reskill to meet the changing demands of the workplace.
- A study by IBM found that organisations that invest in upskilling and reskilling their employees have a 17% higher return on assets than those that do not.
In addition to the work outcomes listed above, upskilling and reskilling can also lead to:
- Increased job security.
- Greater opportunities for professional development.
- Improved work-life balance.
- Increased sense of accomplishment and personal growth.
Further Learning Pathways
Take your learning further
Our Diploma of Business course serves as an excellent stepping stone for students who aspire to deepen their understanding of business and pursue higher education.
Graduates can transition seamlessly into advanced business studies, including business-related Bachelor’s degrees.
Prestige Service Training has articulation agreements with several Queensland universities that allow students to transfer credits from their Diploma of Business to their Bachelor’s degree.
This means that you can complete your Diploma of Business and then apply to a university to complete your Bachelor’s degree. This can save you a significant amount of time and money!
For more information on the university articulation agreements we have, visit:
- Griffith University Credit transfer | Griffith University
- Southern Cross University Articulation Linkages and Pathways – Southern Cross University (scu.edu.au)
- University of Southern Queensland Pathway Partners | University of Southern Queensland (unisq.edu.au)
Recognition of Prior Learning
We acknowledge that learners may possess prior knowledge and abilities that align with the course curriculum, particularly those seeking to enhance their skills while already working in the industry. Our Recognition of Prior Learning (RPL) procedure enables individuals to obtain credit for these competencies, which may reduce the course duration.
How to Enrol?
Sign me up!
Enrolling in the Diploma of Business course is a seamless process. To commence, visit the ‘Enrol Now’ link to access our online enrolment form. From there, our Enrolment team can assist with the required steps.
Before applying, learners will need the following:
- A photo of a Green Medicare Card, Passport or Birth Certificate (in colour).
- USI number – please visit www.usi.gov.au to look up or create a USI number.
Frequently Asked Questions
Is it worthwhile to pursue a Diploma of Business?
Absolutely! The Diploma of Business is a comprehensive course that equips individuals and organisations with the essential skills and knowledge to thrive in the ever-changing business industry.
Clarify the distinctions between Certificate I, II, III, IV, and Diploma courses?
Australia has implemented various levels of certification to standardise qualifications throughout the country. Certificates I and II provide fundamental vocational skills and knowledge required for mainly routine work.
Certificates III and IV offer more advanced skills and knowledge. As previously discussed, Certificate III enables individuals to undertake skilled work, while Certificate IV permits the pursuit of specialised knowledge and skills within specific contexts.
Moreover, a Diploma is a level 5 qualification allowing individuals to undertake advanced skilled work, covering integrated technical and theoretical concepts across a broad range of contexts. It’s worth noting that this qualification can be credited towards university studies, with universities generally equating Certificate IV to six (6) to twelve (12) months of a Bachelor’s Degree.
The hierarchy of qualifications is as follows:
- Level 6 – Advanced diploma or associate degree
- Level 7 – Bachelor’s degree
- Level 8 – Bachelor honours degree, graduate certificate, or graduate diploma
- Level 9 – Masters degree
- Level 10 – Doctoral degree
What is the assessment process for this course?
The course is evaluated using a blend of knowledge-based questions, hands-on case studies, and practical activities. It’s worth noting that conventional exams are not a part of the assessment process.
What is the certification process?
Upon successful completion of the course, learners will receive a nationally recognised Diploma of Business. If the course is partially completed, a Statement of Attainment will be granted for the satisfactory completion of individual units of competency.
What support is available for virtual learners?
Our dedicated team is available to assist learners throughout their learning journey, providing technical and academic support.
Are there networking opportunities with other learners?
Our online learning platform emphasises the significance of collaboration and interaction, ultimately cultivating a vibrant and inclusive community of learners.
