Are you planning to enroll in a business vocational course this summer to develop skills and work at the same time? Consider taking an OTHM qualification in business management.
OTHM (Organization for Tourism and Hospitality Management) offers a wide range of vocational qualifications. It is affordable, and these are in demand nowadays, mostly in the UK and Wales.
Moreover, these courses are effective and flexible. An OTHM business management course is available at many levels. From level 3 to level 7.
The course focuses on leadership and people management. You will learn from the basics to advanced.
In addition, the course is ideal for aspiring managers and ambitious working professionals seeking to upskill without derailing their careers. And university students without formal qualifications.
Let’s discuss these qualifications in detail in the next section.
Overview of OTHM Business Management Qualifications
The OTHM business management qualifications equip and prepare students to lead and manage people with confidence and skill.
These abilities are deployed by experts all over the world who run their business, lead teams and inspire others. From managing operational plans to team management to managing workplace relations to communicating with impact.
Here are the different OTHM qualification levels of business management in the next section.
1. Foundation Programs
The OTHM Level 3 in Business Management boosts students’ subject knowledge and skills. Also, it prepares students for undergraduate study in the UK.
It is an entry-level course and offers many business management topics. Like the business environment, marketing and finance
2. Undergraduate Programs
The level 4, 5 and 6 diploma qualifications are equal to the first, second and final year of a three-year UK bachelor’s degree.
Every level course is 120 levels. Moreover, these levels cover HR, strategic management and business law topics.
While level 6 is a senior management level, it prepares students for postgraduate studies.
3. Postgraduate Programs
Postgraduate diplomas are basically the taught courses at OTHM level 7. It is at a similar level to master’s degrees and on the RFQ, the regulated qualification framework (RFQ).
Though they are shorter than master’s degrees, they cover 120 credit hours. Students who want the full master’s or MBA degree of 180 credit hours must advance to the dissertation stage, which is 60 credit hours.
4. Doctorate level
Finally, the Level 8 diploma is a postgraduate qualification equivalent to the DF-EHEA. These are the third cycle qualifications in contrast to PHD degree.
The course is mostly aimed at senior executives and directors. It has a total of 180 credit hours. In addition, the level 8 OTHM Business Management covers many subjects like organizational strategy, high-level leadership, and complex research methodologies.
OTHM Business Management Cost Breakdown
OTHM courses in business management differ in cost; it depends on the level. And the provider you choose in the UK if you are studying in the UK.
The overall fees and costs normally range from 1000 to 6000, plus at the advanced levels. It covers the tuition fees, plus obligatory OTHM registration and assessment fees.
Here, in the next section, I will break down the cost structure of Business Management from level 4 to level 7 OTHM.
1. OTHM Awarding Body fees (Fixed)
These are registration and qualifications fees and are fixed; you need to pay directly to the OTHM.
- Levels 4 and 5: the fees range from 250 to 350 GBP.
- Level 6 Diplomas: It covers 250 to 300 GBP
- Level 7 master’s level: You will need a minimum of 200 to 300 max GBP.
2. Tuition and Delivery Fees (These are variable)
These fees are generally taken by the college or university, online or offline. It mostly covers the fees of teaching, materials and internal evaluations.
- Level and 5 diplomas contain 120 credit courses each: The fees are 1500 to 4000 GBP
- Level 6 diploma (undergraduate to top-up level)- The fees range from 2000 to 4500 GBP.
- Level 7 postgraduate, master’s level: It covers fees ranging from 1,500 to 6,000 GBP. It is normally less costly if packed with an MBA top-up.
3. Progression & top-up Costs (Optional)
Plenty of students take OTHM courses as a fast track to get a bachelor’s degree and obtain a job.
So, if you progress to a bachelor’s degree or even an MBA top-up with a partner university, you will pay an extra 2,000 to 5,000 GBP. It is the final university fee and optional.
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OTHM Business Management Vs. MBA Business Management: What Is the Difference?
Below are the key points and differences that can help you better understand.
- The basic difference is that the MBA is a full master’s degree worth 180 credit hours and is a globally recognized qualification. OTHM is a vocational course and a fast-track way to get a job and an MBA-equivalent degree.
- An MBA takes 1 or 2 years to complete; an OTHM, on the other hand, takes 6 to 9 months. An MBA is a huge financial commitment, whereas an OTHM is less costly and more effective.
- In addition, the MBA covers basic business, from HR to finance to marketing. It normally comprises exams, case studies and a thesis or dissertation.
- As for OTHM, there are no exams; it is heavily focused on assignments, strategic leadership and management.
Best OTHM Course Providers to study Business Management
The best OTHM business management providers are flexible institutions that offer all modes, offline, online and a hybrid mode.
Here are the best OTM providers in the UK.
- Online business school- Offers levels from 4 to 7
- London School of International Business (LSIB)- It is a premier provider offering PhD-level courses.
- UK Varsity offers OTHM qualifications; it is an online platform with 24/7 available courses. It offers budget-friendly, instalment-based, and personalised tutoring.
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