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Diploma of Higher Education in Business Management

How do businesses develop strategies, handle risk and take decisions? What’s involved in functions such as human resources management, marketing, accounting and finance? This innovative diploma is firmly rooted in your own experience. You’ll investigate how organisations think and work, how they’re managed, and the external world in which they operate. You can focus entirely on business management, or choose to specialise within the subject areas of accounting, economics, leadership practice, innovation and enterprise or marketing.

Key features of the course

  • Develops your understanding of business organisations and their key elements
  • Explores wider considerations such as environments, markets and processes; and how all these work together
  • Helps you relate your studies to your own experience
  • Offers a choice of specialist routes
  • Equips you for a wide range of employment opportunities across all sectors

A nationally recognised qualification in its own right, this diploma of higher education is also equivalent to the first two thirds of the BA (Honours) Business Management (Q91).

Course Summary

+Shortlist Course

Diploma

Diploma

  • Widely recognised qualification.
  • Equivalent to the first two thirds of an honours degree.
  • Enhance your professional and technical skills or extend your knowledge and understanding of a subject.
  • Study for interest or career development.
  • Top up to a full honours degree in just two years.
Course code
W51
Credits

Credits

  • Credits measure the student workload required for the successful completion of a module or qualification.
  • One credit represents about 10 hours of study over the duration of the course.
  • You are awarded credits after you have successfully completed a module.
  • For example, if you study a 60-credit module and successfully pass it, you will be awarded 60 credits.
240
How long it takes
Part time – 4 years
Full time – 2 years
Time limit – 12 years
Study method
Distance learning
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Course details Entry requirements Fees and funding How OU study works Careers

Course details

This qualification has two stages, each comprising 120 credits.

You’ll study a 60-credit introductory business and management module. Thereafter, for your remaining 180 credits, you can continue with a broad study of business or choose one from a range of specialist routes.

Prepare for OU study with an Access module

We offer two starting points depending on how confident you are or how long it’s been since you last studied. Choose to dive straight in at Stage 1, or if you’d prefer some extra preparation, you can get started with an optional Access module. See Entry requirements for more details.

Stage 1 (120 credits)

In this stage, you’ll have a broad and engaging introduction to the fundamentals of business and management in its global context and choose between a broad study of business management or following a specialist route through your diploma. 
ModulesCredits
You'll study the following:
An introduction to business and management (B100)60

Broad study of business management; Economics; Innovation and enterprise; Leadership practice; and Marketing routes

ModulesCredits
You’ll complete Stage 1 with 60 credits from:
Communication skills for business and management (LB170)30
Design thinking: creativity for the 21st century (U101)60
Discovering mathematics (MU123)30
Economics in context (DD126)30
Fundamentals of accounting (B124)30
Introducing statistics (M140)30
Making your learning count (YXM130)30
You and your money (DB125)30
Business data analytics and decision making (B126)30

Accounting route

ModulesCredits
You'll study the following:
Fundamentals of accounting (B124)30
You’ll also choose one from:
You and your money (DB125)30
Business data analytics and decision making (B126)30

Stage 2 (120 credits)

You’ll continue with your chosen specialist route or with a broad study of business management where you can select from a range of modules. 

Broad study of business management

ModulesCredits
You'll start Stage 2 with:
Shaping business opportunities (B207)60
You'll also choose 60 credits from:
Developing leadership (B208)60
Essential economics: macro and micro perspectives (D217)60
Exploring innovation and entrepreneurship (B205)60
Financial accounting in context (B293)30
Financial analysis and decision making (B294)30
Understanding customers (B206)60

Accounting

ModulesCredits
You'll study all of the following:
Shaping business opportunities (B207)60
Financial accounting in context (B293)30
Financial analysis and decision making (B294)30

Economics

ModulesCredits
You'll study both of the following:
Shaping business opportunities (B207)60
Essential economics: macro and micro perspectives (D217)60

Innovation and enterprise

ModulesCredits
You'll study both of the following:
Shaping business opportunities (B207)60
Exploring innovation and entrepreneurship (B205)60

Leadership practice

ModulesCredits
You'll study both of the following:
Shaping business opportunities (B207)60
Developing leadership (B208)60

Marketing

ModulesCredits
You'll study both of the following:
Shaping business opportunities (B207)60
Understanding customers (B206)60

We regularly review our curriculum; therefore, the qualification described on this page – including its availability, its structure, and available modules – may change over time. If we make changes to this qualification, we’ll update this page as soon as possible. Once you’ve registered or are studying this qualification, where practicable, we’ll inform you in good time of any upcoming changes. If you’d like to know more about the circumstances in which the University might make changes to the curriculum, see our Academic Regulations or contact us. This description was last updated on 9 September 2022.

Accessibility

We make all our qualifications as accessible as possible and have a comprehensive range of services to support all our students. The Diploma of Higher Education in Business Management uses a variety of study materials and has the following elements:

  • studying a mixture of printed and online material – online learning resources may include websites, audio/video media clips, and interactive activities such as online quizzes
  • face-to-face tutorials/day schools/workshops and/or online tutorials
  • using mathematical and scientific expressions, notation and assorted techniques
  • working in a group with other students
  • using and producing diagrams or screenshots
  • undertaking practical work
  • finding external/third party material online
  • using feedback: continuous assessment involves receiving detailed feedback on your work from your tutor and using this feedback to improve your performance 
  • engagement with learning and assessment within a pre-determined schedule or timetable – time management will be needed during your studies and the University will help you to develop these skills throughout your degree
  • some modules may require you to use specialist software.

For more detailed information, see the Accessibility Statements on individual module descriptions. If you feel you may need additional support, visit Disability support to find more about what we offer. Please contact us as soon as possible to discuss your individual requirements, so we can put arrangements in place before you start.

Learning outcomes, teaching and assessment

This qualification develops your learning in four main areas:
  • Knowledge and understanding
  • Cognitive skills
  • Practical and professional skills
  • Key skills

The level and depth of your learning gradually increases as you work through the qualification. You’ll be supported throughout by the OU’s unique style of teaching and assessment – which includes a personal tutor to guide and comment on your work; top quality course texts; elearning resources like podcasts, interactive media and online materials; tutorial groups and community forums.

Read the detailed learning outcomes here

Credit transfer

If you have already studied at university level, you may be able to count it towards your Open University qualification – which could save you time and money by reducing the number of modules you need to study. At the OU we call this credit transfer.

It’s not just university study that can be considered, you can also transfer study from a wide range of professional or vocational qualifications such as HNCs and HNDs.

You should apply for credit transfer before you register, at least 4 weeks before the registration closing date. We will need to know what you studied, where and when and you will need to provide evidence of your previous study.

For more details of when you will need to apply by and to download an application form, visit our Credit Transfer website.

On completion

On successfully completing this course, we’ll award you our Diploma of Higher Education in Business Management.

International recognition

If you intend to use your Open University qualifications to seek work or undertake further study outside the UK, we recommend checking whether your intended qualification will meet local requirements for your chosen career. Find out more about international recognition of Open University qualifications.

Regulations

As a student of The Open University, you should be aware of the content of the qualification-specific regulations below and the academic regulations that are available on our Student Policies and Regulations website. 

Compare this course

Entry requirements

There are no formal entry requirements to study this qualification.

Within the Diploma of Higher Education in Business Management there is the option to study a mathematics module. Whether that module is right for you will depend on your experience and confidence with mathematics. Visit our Open Mathematics and Statistics website for information and to try some diagnostic quizzes.

 

How much time do I need?

  • Most of our students study part time, completing 60 credits a year.
  • This will usually mean studying for 16–18 hours a week.

Find out if you have enough time to study with our time planner

Preparing for study with an Access module

Students who start their study with an Access module are more likely to be successful when they advance to Stage 1 of their qualification. They’re specially designed to give you a gentle introduction to OU study, boost confidence in your study skills, and help you gain a broad overview of your chosen subject area.

You’ll also benefit from:

  • feedback from your tutor through regular one-to-one phone tutorials
  • support from a dedicated team throughout your study
  • detailed written feedback on your work.
The Access module we’d recommend studying in preparation for this qualification is our:

People, work and society Access module

What you will study

This multidisciplinary module provides an excellent introduction to studying with The Open University; you'll get to cover a wide range of subject areas, including childhood and youth studies, social science, psychology, health, business and law.

View full details of People, work and society Access module

Science, technology and maths Access module

What you will study

This multidisciplinary module is an ideal starting point if you have little or no previous knowledge of the sciences, technology and mathematics. It’ll help develop your study skills in advance of your OU qualification, and you get to explore a number of STEM subjects including science, engineering and design, environment, mathematics, and computing and IT.

View full details of Science, technology and maths Access module

Fees and funding in England

80% of our students pay nothing upfront by financing their studies with a student loan.

In this section:
Tuition fee
What are my funding options?
Other costs to think about
Additional support

Tuition fee

Diploma of Higher Education in Business Management

Years of  study

2 years 4 years

Current fee per year in England

£6,456* £3,228*

How we worked out the cost

A degree is worth 240 credits. The fee per year is based on studying 60 credits per year for 4 years. A degree is worth 240 credits. The fee per year is based on studying 120 credits per year for 2 years.

Total fee for qualification at current prices

£12,912*

You’ll fund your modules as you study them – you won’t have to pay for your whole qualification up front

That’s 1/3 less than the cost of an equivalent qualification offered at most other universities in England.

See comparison table

*The fee information provided here is valid for modules starting before 31 July 2023. Fees normally increase annually in line with inflation and the University's strategic approach to fees.

What are my funding options?

There are several ways to fund your study, often without paying anything upfront.

Student loan

The most common way for our students to fund their study

  • A student loan is used by 80% of our students.
  • Open to everyone – it’s not means-tested and there’s no age limit.
  • You don’t pay anything upfront. Student Finance England pay your fees directly to the OU for you.
  • You won’t pay back a penny until you earn over £27,295.
  • The amount you repay is tied to how much you earn. For example, if you earn £29,000 you’ll pay just £12.79 per month.

Other options

Open University Student Budget Account (OUSBA)

Repay in monthly instalments while you study.

Credit/debit card or bank transfer

Pay before each module starts. You can also combine card or bank transfer payments with other payment methods.

Employer sponsorship

More than 1 in 10 OU students are sponsored by their employer.

Enhanced Learning Credits (ELCs)

If you’re a serving member of the British Armed Forces (or you’ve recently left), you may be eligible to use ELCs to cover up to 100% of your course fees.

Which funding options could I be eligible for?


Other costs to think about

Your course fees cover your tuition, assessment and study materials, but there are still a few additional costs that can come with studying. If your income is less than £25,000 or you receive a qualifying benefit, you could get help with some of these costs after you start studying.

  • You’ll need a computer and internet access for online resources and tutorials.
  • You may need to pay for travel to face to face tutorials if you choose to attend these during your course.

Additional support

You may be eligible for:

  • help with study-related costs like travel to tutorials, set books, and internet access
  • a free introductory Access module to build your confidence and skills
  • funding to study an OU qualification for free from our Carers’ Scholarships Fund if you are, or have recently been, an unpaid carer
  • a Carers’ Bursary towards study-related costs if you provide unpaid care to a friend or family member
  • a Care Experienced Bursary of £250 towards study-related costs if you’ve previously been, or are currently, in care
  • a Sanctuary Scholarship to study an OU qualification for free if you’ve been displaced from your homeland for political, economic, ethnic, environmental, or human rights pressures
  • funding from our Scholarship for Black Students to study an OU qualification for free if you identify as being from a Black background

If you have a disability

  • The Disabled Students’ Allowance (DSA) is a government grant to cover study support costs if you have a disability. It’s not means-tested, and there’s no age limit. Visit our Supporting students with disabilities page to find out more.
  • If your disability is a result of being injured in, or due to, military service, you could be eligible for our Disabled Veterans’ Scholarship Fund.

Need more information?

Talk through your funding options with one of our advisors

Contact us

How will I study this course?

With our unique approach to distance learning, you can study from home, work, or on the move.

You’ll have some assessment deadlines to meet, but otherwise you’ll be free to study at the times that suit you, fitting your learning around work, family, and social life.

For each of your modules, you’ll use either just online resources or a mix of online and printed materials.

Each module you study will have a module website, with:

  • a week-by-week study planner, giving you a step-by-step guide through your studies
  • course materials such as reading, videos, recordings, and self-assessed activities
  • module forums for discussions and collaborative activities with other students
  • details of each assignment and their due dates
  • a tutorial booking system, online tutorial rooms, and your tutor’s contact details
  • online versions of some printed module materials and resources.

If you have additional needs, we can also provide most module materials in alternative formats. Find out more about materials on our accessibility webpage.

See how our module websites work.

Tutor support

Student, Ffion, describes why she chose the OU and how she is using her degree to progress herself further in a career she loves.

You’ll have a tutor for each module, who will introduce themselves before the module begins.

Throughout the module, they will:

  • mark your assignments and give feedback to help you improve
  • guide you to learning resources
  • support you, whether with general study skills or help with a specific topic.

Tutorials

Tutorials throughout the course could be online, face-to-face or a mixture of the two, and they’re always optional.

Online tutorials are live presentations with module tutors in dedicated online tutorial rooms, and are sometimes recorded.

Assessment

Our assessments are all designed to reinforce your learning and help you show your understanding of the topics. The mix of assessment methods will vary between modules.

Computer-Marked Assignments

  • Usually a series of online, multiple-choice questions.

Tutor-Marked Assignments

  • You’ll have a number of these throughout each module, each with a submission deadline.
  • They can be made up of essays, questions, experiments or something else to test your understanding of what you have learned.
  • Your tutor will mark and return them to you with detailed feedback.

End-of-Module Assessments

  • The final, marked piece of work on most modules.
  • Modules with an end of module assessment won’t usually have an exam.

Exams

  • Some modules end with an exam. You’ll be given time to revise and prepare.
  • You’ll be given your exam date at least 5 months in advance.
  • Most exams take place remotely, and you will complete them at home or at an alternative location.
  • If a module requires you to take a face-to-face exam, this will be made clear in the module description, and you will be required to take your exam in person at one of our exam centres.

Progressing to a point where I felt more comfortable writing my assignments, and having my scores reflecting that, made me quite happy because it showed the hard work was being rewarded.

Patrick ‘Ricky’ Skene, BSc (Hons) Sport, Fitness and Coaching

Other support and resources

Throughout your studies, you’ll have access to our subject-specific Student Support Teams.

They’ll help you with any general questions about your study and updates to your OU account.

To help with your studies, you’ll also have access to:

  • our online library, with high-quality online resources to support your study
  • other university libraries in the UK and Ireland
  • the online Help Centre, which has general information about OU study and support, along with study skills advice
  • free Microsoft Office 365 software
  • IT and computing support from our Computing Helpdesk.

Find out more about student support and being a part of the OU community.

Having a course that was really varied and studying in a style that worked for Nick, was key to him launching his own business and becoming an entrepreneur.

Skills for career development

This diploma will develop valuable cognitive skills – writing, critical thinking, analysis and evaluation – along with ICT, presentation and basic numeracy skills. You’ll explore how businesses think and work, and develop a good understanding of the function and contribution of such specialisms as marketing, HR, operations and finance. You can take optional modules in mathematics, retail management, social science or communication skills, which will further enhance your skill set.

Career relevance

The skills and knowledge you’ll develop by studying this qualification will equip you to follow a number of career paths, and are recognised by employers as having great value for work in management and business. A qualification in business management can lead to opportunities in a wide range of areas such as:

  • middle and senior management positions across all sectors
  • advertising and marketing
  • accountancy
  • human resources
  • banking, including investment banking
  • sales and retail
  • management consultancy
  • business journalism
  • transport and logistics.

Accreditation

The Open University Business School is one of the few institutions worldwide that are triple-accredited by the Association to Advance Collegiate Schools of Business (AACSB) the European Quality Improvement System (EQUIS), and Association of MBAs (AMBA)  These are internationally recognised quality standards which independently validate the quality of the School’s teaching, research and operations. The School undergoes regular reviews to ensure that standards are maintained and has successfully retained its triple accredited status since 2004. This qualification is accredited through inclusion in these reviews.

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Other careers

Employers are keen to utilise the commercial awareness that people with business and management skills offer, as increasing globalisation and continual changes in technology, communications, financial services and distribution of goods and services open up new business opportunities. This awareness can also lead to opportunities in specialist areas concerned with offering guidance to managers, such as management consultancy or business journalism.

Exploring your options

Once you register with us (and for up to three years after you finish your studies), you’ll have full access to our careers service for a wide range of information and advice. This includes online forums, website, interview simulation, vacancy service as well as the option to email or speak to a careers adviser. Some areas of the careers service website are available for you to see now, including help with looking for and applying for jobs. You can also read more general information about how OU study enhances your career.

In the meantime if you want to do some research around this qualification and where it might take you, we’ve put together a list of relevant job titles as a starting point. Some careers may require further study, training and/or work experience:

  • business development officer
  • recruitment consultant
  • e-marketing executive
  • publicity officer
  • risk analyst
  • advertising account manager
  • management consultant
  • business journalist
  • accountant
  • human resources manager
  • sales and retail manager
  • business analyst
  • area manager
  • logistics manager
  • marketing manager.

 

Thinking of studying this course?

Registration will open in March. If you would like to be kept updated, register your interest.


Request your Business and Management prospectus

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