The OTHM Level 5 Extended Diploma in Business Management is a highly regarded, Ofqual-regulated qualification designed for individuals looking to advance their business knowledge and enhance their career prospects. This qualification is entirely assignment-based, offering students the flexibility to learn at their own pace while gaining the practical skills needed for leadership roles in the business world.
The OTHM Level 5 Extended Diploma in Business Management is a comprehensive qualification that provides in-depth knowledge and understanding of business operations, strategy, and management practices. It is equivalent to the second year of a UK undergraduate degree, making it a valuable option for those seeking to progress in their academic and professional careers.
As an Ofqual-regulated qualification, it holds official recognition and is regulated by the Office of Qualifications and Examinations Regulation (Ofqual), ensuring its quality and adherence to the UK’s educational standards. This diploma is designed for individuals who have some prior business knowledge and are seeking to develop their expertise in key business areas such as leadership, finance, marketing, operations, and human resources.
The OTHM Level 5 Extended Diploma in Business Management offers a unique opportunity to gain valuable business skills through a flexible, assignment-based approach. With its Ofqual regulation and comprehensive curriculum, it is an ideal choice for professionals looking to advance their careers or transition into the business world. Whether you’re aiming for leadership roles, seeking to start your own business, or pursuing further academic qualifications, this diploma provides a solid foundation for success.
OTHM Level 5 Extended Diploma in Business Management
The OTHM Level 5 Extended Diploma in Business Management comprises 12 mandatory units, totaling 240 credits. The qualification requires 2400 hours of Total Qualification Time (TQT), with a minimum of 1200 hours designated as Guided Learning Hours (GLH).
To earn the OTHM Level 5 Extended Diploma in Business Management, learners must accumulate 240 credits. This includes 120 credits at Level 4 (covering 6 units) and 120 credits at Level 5 (also covering 6 units).
Level 4 Mandatory units:
| Sr# | Unit Title | Credits | GLH |
|---|---|---|---|
| 1 | Academic Writing and Research Skills | 20 | 100 |
| 2 | Business Operations | 20 | 100 |
| 3 | Communication in Business | 20 | 100 |
| 4 | Finance and Accounting | 20 | 100 |
| 5 | Leading and Managing Teams | 20 | 100 |
| 6 | Operating in a Global Context | 20 | 100 |
Level 5 Mandatory units:
| Sr# | Unit Title | Credits | GLH |
|---|---|---|---|
| 1 | Principals and Concepts of Strategy | 20 | 100 |
| 2 | The Management of Human Resources | 20 | 100 |
| 3 | Marketing for Managers | 20 | 100 |
| 4 | Business Law for Managers | 20 | 100 |
| 5 | Management Accounting for Decision Making | 20 | 100 |
| 6 | Business Start-up; Conception to Market | 20 | 100 |
GLH (Guided Learning Hours) and TQT (Total Qualification Time) are terms commonly used in vocational qualifications to help define the amount of time a learner is expected to spend on heir studies.
1. GLH (Guided Learning Hours)
GLH refers to the number of hours a learner spends being directly taught, supervised, or supported during their course. This includes the time spent in activities such as:
- Classroom instruction
- Practical workshops
- One-on-one tutoring or mentoring sessions
- Online learning sessions with tutor support
In other words, GLH represents the time that learners are actively engaged with their instructors or learning activities.
2. TQT (Total Qualification Time)
TQT represents the total amount of time a learner is expected to invest in completing a qualification, including:
- GLH (Guided Learning Hours): Time spent on direct learning, as explained above.
- Self-Directed Learning: This includes time spent on independent study, research, assignment completion, preparation for exams, and any other work the learner does outside of direct teaching hours.
TQT is a broader measure that includes all the time required to achieve the qualification. It helps learners and employers understand the overall commitment required for the qualification.
Key Differences Between GLH and TQT:
- GLH focuses on direct learning with guidance or supervision.
- TQT includes GLH as well as independent study time and other learning-related activities.
Example:
If a qualification has a TQT of 600 hours and a GLH of 250 hours, it means the learner should spend 250 hours in direct learning (classroom, online, or tutor-led sessions) and 350 hours on independent study or research.
Learning Outcomes of OTHM Level 5 Extended Diploma in Business Management
Academic Writing and Research Skills
- Understand the concept and purpose of academic research and writing.
- Understand how to conduct academic research.
- Be able to demonstrate critical thinking skills
- Understand how to construct a reliable and valid academic argument.
Business Operations
- Understand different types of businesses.
- Understand the relationships between business functions.
- Be able to measure a business’s internal environment
- Be able to measure a business’s external environment.
Communication in Business
- Understand the concept and purpose of communication in a business context.
- Be able to effectively communicate in a business context.
- Understand how a business communicates internally.
- Understand how a business communicates externally.
Finance and Accounting
- Understand the context and purpose of finance and accounting.
- Be able to prepare financial statements for different types of businesses.
- Be able to interpret financial statements.
- Be able to prepare a budget.
Leading and Managing Teams
- Understand leadership and management theories.
- Understand how teams are developed.
- Understand how to improve individual and team performance.
- Be able to determine your own capacity to be an effective leader and manager.
Operating in a Global Context
- Understand the context of globalisation.
- Understand the factors which drive globalisation.
- Understand how and why a business would want to operate in global markets.
- Understand how operating in a global market impacts a business.
Principles and Concepts of Strategy
- Understand the principles of business strategy.
- Understand key business strategy theories and concepts.
- Be able to measure a business’s micro and macro environment.
- Understand a business’s strategic options
The Management of Human Resources
- Understand the purpose and objectives of human resource management.
- Understand the functions of human resource management.
- Understand how internal and external factors impact the human resource management function.
- Understand modern development in human resource management function in a business
Marketing for Managers
- Understand the context and concept of marketing.
- Understand the functions of marketing.
- Understand how internal and external factors impact the marketing function.
- Understand how a business uses its marketing function.
Business Law for Managers
- Undertsnadgeneric business law
- Understand legal and justice systems within a business context.
- Understandkey businessrelated laws.
- Understand how laws impact on businesses.
Management Accounting and Decision Making
- Understand management accounting and decision making.
- Understand technical procedures used in management accounting.
- Be able to use management accounting to solve problems and inform decision-making.
Business Start-up: Conception to Market
- Understand the fundamental requirements for starting a new business
- Understand sources of support available to new businesses.
- Be able to create a business plan for a new business to gain stakeholder support.
The OTHM Level 5 Extended Diploma in Business Management offers numerous advantages for individuals seeking to enhance their business expertise and career opportunities. Here are the key benefits of pursuing this qualification:
1. Comprehensive Skill Development
The qualification equips learners with a broad range of practical business management skills, covering areas such as leadership, finance, marketing, strategic management, and human resources. This well-rounded knowledge prepares graduates to take on management roles and contribute effectively to any business.
2. Ofqual-Regulated Qualification
Being an Ofqual-regulated qualification, the OTHM Level 5 Extended Diploma is officially recognized by UK educational authorities. This ensures that the qualification meets high academic standards, making it credible and valuable for both employers and educational institutions.
3. Flexible, Assignment-Based Learning
The course is assessed entirely through assignments, giving students the opportunity to apply their learning in real-world business scenarios. The assignment-based approach also offers greater flexibility for those who prefer learning at their own pace, without the pressure of traditional exams.
4. Pathway to Further Education
The OTHM Level 5 Extended Diploma serves as a solid foundation for those wishing to pursue higher qualifications. Graduates can progress onto an MBA or other postgraduate business programs, enhancing their academic credentials and career prospects.
5. Career Advancement Opportunities
The knowledge gained from the qualification helps individuals advance in their current roles or transition into higher-level management positions. Employers recognize the value of this qualification, making it an attractive addition to your professional profile and enhancing your employability.
6. Global Recognition
The OTHM Level 5 Extended Diploma is recognized internationally by employers and higher education institutions, making it ideal for individuals looking to work or study abroad. The global recognition opens doors to career opportunities in a wide range of industries.
7. Practical, Industry-Relevant Knowledge
The curriculum is designed to address current trends and challenges in the business world. By covering practical areas like financial management, marketing strategies, and leadership techniques, the diploma ensures that students acquire skills that are directly applicable in today’s business environment.
8. No Exams – Focus on Real-World Application
The diploma is assessed solely through assignments, which allow learners to focus on applying their knowledge to real-world business challenges rather than memorizing information for exams. This approach promotes deeper understanding and prepares students for practical decision-making in professional settings.
9. Enhanced Employability
With its strong focus on key business management areas, this qualification helps you stand out in the competitive job market. Whether you’re aiming for a managerial role, entrepreneurial venture, or specialized business position, the OTHM Level 5 Extended Diploma helps you build the expertise that employers value.
10. Flexible Study Options
The course offers flexibility in how and when you study. This makes it ideal for individuals who are working full-time, have personal commitments, or prefer a more self-paced approach to learning. You can manage your studies around your existing lifestyle, ensuring a balance between work, life, and education.
11. Build Confidence in Management Roles
By mastering the principles of business management, learners develop the confidence and skills necessary to take on leadership and managerial roles. The diploma prepares graduates to make strategic decisions, manage teams effectively, and drive business growth.
The OTHM Level 5 Extended Diploma in Business Management is designed for individuals who are looking to enhance their business acumen, develop leadership capabilities, and advance their careers in management. Below is an outline of the ideal learner for this qualification:
1. Aspiring Business Leaders
The ideal learner is someone who aims to take on leadership or managerial roles in business. Whether you’re looking to manage a team, department, or an entire organization, this qualification provides the skills needed to succeed in leadership positions. You are motivated to develop a deep understanding of key business areas such as strategic management, finance, marketing, and human resources.
2. Professionals with Some Business Experience
While prior business knowledge is not a strict requirement, the OTHM Level 5 Extended Diploma is most suited for individuals who already have some experience in a business or managerial environment. This could include mid-level managers, supervisors, or those working in business-related roles who wish to formalize and expand their expertise in business management.
3. Career Advancers
If you’re looking to progress in your current career or take the next step toward a senior role, this qualification is an ideal choice. The OTHM Level 5 Extended Diploma helps professionals gain the essential skills and qualifications needed to move into higher-level management positions, providing a pathway for career advancement.
4. Entrepreneurs and Business Owners
The course is also ideal for entrepreneurs or individuals looking to start their own business. With a focus on business strategy, financial management, and marketing, it equips learners with the practical knowledge needed to make informed decisions, scale their businesses, and manage day-to-day operations effectively.
5. Individuals Seeking a Career Change
For individuals looking to transition into the business world from another field, the OTHM Level 5 Extended Diploma is a great option. It provides the foundational business knowledge and managerial skills necessary to shift into roles such as business consultant, marketing manager, or operations supervisor.
6. Those Who Prefer Assignment-Based Learning
The ideal learner for this qualification is someone who prefers a flexible, assignment-based approach to learning rather than traditional exams. If you’re someone who thrives in self-paced environments and enjoys applying knowledge to real-world scenarios, this qualification suits your learning style.
7. Learners Looking for a Pathway to Further Education
If you’re interested in advancing your academic qualifications, the OTHM Level 5 Extended Diploma offers a pathway to higher education. Graduates of this qualification can progress to postgraduate studies, such as an MBA, and are well-prepared to continue their academic journey.
8. Self-Motivated and Independent Learners
Since the qualification allows for flexible study hours, the ideal learner is someone who is self-disciplined, organized, and able to manage their time effectively. Whether studying full-time or part-time, this qualification requires learners to work independently, so strong time-management skills are essential.
Entry Requirements
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Qualification Process
Qualification Process OTHM Level 5 Extended Diploma in Business Management
- Self-Assessment:
Begin by evaluating your eligibility to ensure you meet the qualification requirements, including work experience, knowledge, and language proficiency. - Registration:
Complete your registration by submitting the required documents, including a scanned copy of a valid ID, and paying the registration fee. - Induction:
An assessor will conduct an induction to confirm your eligibility for the course and explain the evidence requirements. If you do not meet the criteria, your registration will be canceled, and the fee will be refunded. - Assignments & Evidence Submission:
Provide all assignments and the necessary evidence based on the assessment criteria outlined in the course. If you are unsure of the required evidence, consult with the assessor for guidance on the type and nature of evidence needed. - Feedback and Revision:
The assessor will review your submitted evidence and provide feedback. Evidence that meets the criteria will be marked as “Criteria Met,” while any gaps will be identified. You will be asked to revise and resubmit if needed. - Competence Evidence:
Submit final evidence demonstrating that all learning outcomes have been met. This evidence will be marked as “Criteria Met” by the assessor once it is satisfactory. - Internal Quality Assurance (IQA):
The Internal Quality Assurance Verifier (IQA) will review your evidence to ensure consistency, quality, and compliance with standards. - External Verification:
The IQA will submit your portfolio to OTHM External Quality Assurance Versifier (EQA) for final confirmation. The EQA may contact you directly to verify the authenticity of your evidence. - Certification:
Upon successful completion of all checks, OTHM will issue your official certificate, confirming that you have attained the OTHM Level 5 Extended Diploma in Business Management
