Diploma of Business
BSB50120
Duration: Up to two years
Price: $2,856 | $131.82 per week (payment plan)
How it works: Study online. With a difference
Start date: Immediately, or whenever you're ready.
Entry requirements: No formal prerequisites | RPL available | Some equipment needed
Qualification type: Diploma
With Monarch's Diploma of Business, you can explore new possibilities for your life.
With Monarch's Diploma of Business, you can explore new possibilities for your life.
Broad skill development
Tailored to your business career
Nationally recognised
Choose to specialise
Course Summary
With Monarch's Diploma of Business, you can explore new possibilities for your life. Our flexible course curriculum can be tailored to suit your goals and dreams, whether that’s running your own business, becoming an entrepreneur or furthering your career.
You'll get a practical education, online, with the support of a community of like-minded professionals.
The Diploma of Business is a course that bridges the gaps between your technical skills and business skills. It’s designed to help you develop products that are truly original. The best part is, it's so flexible that you can start working on your big idea while you're still studying.
Key opportunities include:
Department Manager
Start-up founder
Business owner
Executive Officer
Product Manager
This course is designed to be completed within 12-24 months.
There is no minimum timeframe to complete this course. Students who are highly motivated and well organised can complete the full course at an accelerated pace.
The key factors that influence course completion are a student’s experience, time availability, how fast they work and how committed they are.
More than online
You’ll get:
Easy-to-follow course materials
Videos and webinars
Heaps of support from your course trainers (phone, email, Zoom)
A dedicated admin team on hand to guide you
Online assessments
Student Facebook group
How does it work?
This course has been developed to give you absolute flexibility. Study on your couch, on public transport, on your break at work, out in the park – wherever and whenever you like. The best part is, with Monarch Institute, ‘online’ doesn’t mean ‘alone’. You’ll be backed by our trainers at every step along the way.
What support will I get?
Your trainer will be happy to contact you via phone, Zoom, or email (Monday to Friday, 9am to 5.30pm). So you definitely won’t feel alone. You’ll also have access to our student Facebook groups, so you can discuss the material with other students. It’s a handy way to stay in touch with trainers and others in the same course.
The experts who design and deliver our courses (click back to Course trainers to meet some of them) have developed an assessment framework that’s uniquely designed to help you gain a deep understanding of the material.
Assessment formats include:
Case studies
Multiple-choice questions
Short-answer questions
Workplace scenarios
Projects
Roleplays: video self-recording and upload of the file
Immediately, or whenever you’re ready.
Get in touch about enrolling
"I was able to work at my own pace, scenarios were great and assessments not too difficult."
- Diploma of Business Graduate
Entry Requirements
There aren’t any formal prerequisites. But to make sure you get the most out of training with us, the following enrolment process applies:
Once we receive your enrolment, our friendly course consultants will touch base to undertake a pre-training review to ensure the training is right for you.
It is recommended that you are be proficient in the use of computer and web based technology and applications and have high-level learning, reading, writing, language, oral communication and numeracy skills.
For students without an equal or higher-level qualification, there’s a short language, literacy and numeracy quiz you complete online.
You should have basic skills and understanding of MS Word and Excel.
We may be able to take into account relevant knowledge and skills you’ve gained through previous formal or informal training, education and employment. To find out more, refer to our Student Information Handbook by clicking here, or get in touch with one of our friendly Course Consultants.
You will need access to the following equipment to successfully complete the course:
You will need access to the following equipment to successfully complete the course:
Working computer with Microsoft Office (2016 or later)
Access to the internet
Access to a smart phone, video camera or web camera is required
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Take the short quiz to see if this course is right for you.
Pathways
The Diploma of Business is a potential pathway to further study for leaders and entrepreneurs who want to learn more about their area of interest. For example, you could use your nationally recognised Diploma to help gain entry (or even a head start) on an Advanced Diploma in a similar field.
Just make sure you check with the university of your choice about entry options and course credit before you enrol with Monarch Institute.
Module 1
BSBXCM501 Lead communication in the workplace (core)
BSBCRT511 Develop critical thinking in others (core)
BSBSUS511 Develop workplace policies and procedures for sustainability (core)
Module 2
BSBOPS501 Manage business resources (core)
BSBFIN501 Manage budgets and financial plans (core)
BSBOPS504 Manage business risk (elective)
Module 3
BSBPEF502 Develop and use emotional intelligence (elective)
BSBPMG430 Undertake project work (elective)
BSBMKG433 Undertake marketing activities (elective)
Module 4
BSBLDR601 Lead and manage organisational change (elective)
BSBXCS402 Promote workplace cyber security awareness and best practices (elective)
BSBSTR501 Establish innovative work environments (elective)
Tailored to your business career
Flexible and convenient. It’s made to fit around your work, family and personal commitments.
Choose to specialise
Consider choosing to specialise, and gain knowledge in a specific area. You’ll still graduate with a Diploma of Business but with one of these options:
Diploma of Business (Operations)
Diploma of Business (Organisational Development)
Diploma of Business (Digital Transformation)
Broad skill development
The course covers critical business competencies, including financial management, project planning, team leadership, and effective communication. These skills are applicable across various industries, making graduates highly versatile and employable.
Nationally recognised
The course is nationally recognised under the Australian Qualifications Framework. You can use it as a pathway to further studies, including university degrees.
Business courses. For the real world.
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Frequently Asked Questions
This diploma could be a good fit for you if you want broad business knowledge instead of training for one specific job. You’ll study leadership, financial management, project work and risk together, which applies whether you’re managing a team, running your own operation or moving between industries. Three specialisations are available if you’d prefer to concentrate on operations, organisational development or digital transformation.
You’ll learn to manage business resources, budgets and financial plans, along with the people side of the job through leading communication and developing emotional intelligence. You’ll also learn to lead and manage organisational change, helping you support teams through new processes, systems, structures and ways of working. Those skills can support your preparation for department manager, executive officer or product manager roles.
Yes, you’ll study and complete everything online at your own pace, from your course materials to every assessment you submit. You’ll also join a student Facebook group where you can talk through the material with other people studying business, and your trainer will answer any questions by phone, email or Zoom from 9am to 5.30pm, Monday to Friday. You don’t have a set schedule at any point, so you decide how fast you move through the material.
The Diploma of Business covers 12 units that will teach you how to:
Lead communication in the workplace
Manage business resources, budgets and financial plans
Manage business risk
Lead and manage organisational change
Develop critical thinking in others
Establish innovative work environments
Yes. You set your own schedule, so you can study around full-time hours and take up to two years to finish. Many students apply what they learn to their current job as they go, since many of the units cover situations you may already encounter in the workplace. We recommend you’re comfortable with computers and confident with reading, writing and numeracy before you start.
Yes. You’ll learn to manage budgets and financial plans, manage business risk and establish innovative work environments, which are all directly applicable to running your own business. The Diploma of Business also teaches you how to identify the risks that could damage your operation and plan for them before they happen and how to market what you sell. If you’d prefer training focused specifically on starting a venture, our Diploma of Entrepreneurship and Innovation covers that ground directly.
Trainers
Fees