Diploma in Banking & Finance is a 1 year full-time Diploma level program in Banking pursued after graduation or some colleges may even offer the course after the completion of 12th grade. Holding a Bachelor’s degree with a minimum aggregate of 50% marks is a prerequisite for the program. The program renders an intrusive knowledge on various aspects of finance and its effect in the market.
Some of the top colleges who offer the program of Diploma in Banking & Finance are as follows:
- Annex College of Management Studies – West Bengal
- KES Shroff College of Arts and Commerce - Mumbai
- Tilak Maharashtra Vidyapeeth - Pune
- Erode Arts and Science College (Autonomous) - Tamil Nadu
- AFC Institute of Management and Technology (AIMTEC) - Mumbai
The program fee ranges approximately between INR 7,500 to 44,000.
Along with qualifying the criteria as laid down by colleges, candidates will also be required to clear the entrance examination held by institutions for admission to the course. As this course is pursued after graduation, candidates are benefitted in gaining an extensive knowledge of banking sector equipped with technical skills needed to take up topics of research in finance and banking in future.
Candidates who wish to gain a better insight into the technicalities used in terms of economic handlings of finances in the banking sector, this program furthers knowledge about the subject. Students who have a good foundation of mathematics and understand the literature and skills required for investment banking can benefit from this course. In addition, those having good communication and interpersonal skills are considered suitable for this course.
Graduates after the successful completion of the program have lucrative opportunities in international as well as domestic banking sectors. They are eligible to join areas of Banking, Credit Administration, Corporate Banking and Financing Sectors as well as Auditing Department. Candidates draw a decent remuneration of INR 2.5 to 12 Lacs per annum, which can vary based on position, experience and higher qualification.
Diploma in Banking & Finance: Course Highlights
|Course level||Diploma after graduation|
|Eligibility||Bachelor’s degree or any equivalent examination with minimum aggregate of 50% marks and above|
|Admission process||Merit List, Entrance examination such as ICET|
|Course Fee||Up to 7,500 to 44,000|
|Average salary||Approx. Up to 2.5 to 12 lakhs per annum|
|Top Recruiting Companies||Banking Sector, Credit Administration, Auditing Departments, Corporate Banking Sectors.|
|Job Positions||Financial Analyst, Credit and Risk Manager, Internal Auditor, Loan Counsellor, etc.|
Diploma in Banking & Finance: What is it About?
Diploma in Banking & Finance is a comprehensive study related to banking course which deals with the rapidly changing finance sector. This course gives a wider view of the constant changes pertaining to finance, methods of dealing with the financial crisis as well as the basis for bailouts for various banks across the globe. An in-depth detailing of topics related to Finance and Banking is covered in the course which spans a duration of 12 months.
This program aims at advancing the existing skills of the candidate by developing their knowledge in areas of finance and banking, with the overall polishing of skills required in the practice. Candidates develop the proficiency in application of advanced quantitative techniques required in the working of the field, a prerequisite to advance the career in corporate finance, investment banking, and financial markets.
Diploma in Banking & Finance syllabus through their advanced methodology of combining theory with case studies and projects benefit the students in gaining a thorough knowledge of both domestic and international banking fields. They gain acquaintance of how the market functions in an economy and across the country’s financial credibility. The presentations and case studies help to develop interpersonal, cognitive and critical skills of candidates, laying across a strong base for pursuing the doctorate in the future.
As this program of Diploma in Banking & Finance has a throughout the global reach and requirement, as economy and finance ensures the market position of a country, enabling interaction with the real world of finance and business. The graduates have lucrative scopes in sectors of banking, investment, and finance. The course aims to develop candidates with the necessary skills of understanding, knowledge about the workings of economic markets and global financial system.
Diploma in Banking & Finance: Top Colleges & Institutes
|Name of Institution||Location||Average Course Fee (in INR)|
|C-Apt Multimedia Academy||Kerala||NA|
|KES Shroff College of Arts and Commerce||Mumbai||NA|
|AFC Institute of Management and Technology (AIMTEC)||Mumbai||7500|
|Innovative School of Business and Management (ISBM)||Gujarat||7900|
|Erode Arts and Science College (Autonomous)||Tamil Nadu||NA|
|Tilak Maharashtra Vidyapeeth||Pune||NA|
|St. Joseph’s Indian Community College (SJCC)||Karnataka||NA|
|Greenway Institute of Management Studies (GIMS)||Uttarakhand||NA|
|Narsee Monjee Institute of Management Studies||Mumbai||35,000|
|Annex College of Management Studies||West Bengal||NA|
|Avagmah Business School||Karnataka||44,000|
Diploma in Banking & Finance: Eligibility
The eligibility criteria for availing for the program of Diploma in Banking & Finance are as follows:
- Candidates are required to qualify their Bachelor’s degree or any equivalent examination with a minimum aggregate of 50% marks and above from a recognized university listed under UGC/AIU.
- Applicants will have to go through the entrance examination held by various reputed institutions and universities.
Diploma in Banking & Finance: Admission Process
Aspirants who wish to avail for the program of Diploma in Banking & Finance are supposed to fulfill the required criteria as prescribed by respective colleges. Some colleges may also admit students after the completion of their 12th grade which depends on the norms formulated by them. Candidates can pursue this course after the completion of their Bachelor’s degree with a minimum aggregate of 50% marks and above from recognized universities in the country.
Candidates are required to clear the entrance examination held by reputed colleges and institutions for admission to the program. The common entrance examination is held to examine the eligibility of the candidate for admission. Applicants can fill the forms online as well as offline by availing for the form from the college office. Admission to the program is done based on merit list which is calculated adding cumulative marks scored in the entrance and in the degree level.All important information including admission dates, entrance exam and names of shortlisted candidates will be notified on the website and through e-mail.
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Diploma in Banking & Finance: Syllabus
The course curriculum covers in detail the various aspects of banking and finance sector, aiding the students to get an in detailed knowledge of its working on domestic and international grounds. The syllabus is a balance divide between theory and case studies. The examination is held at the end of each semester with the submission of projects and assignments, the weightage of which will depend on the marks as prescribed by colleges.
The syllabus followed by universities and colleges are as follows:
|Semester I||Semester II|
|Principles & Practices of Banking||Marketing of Financial Services|
|Legal & Regulatory Aspects of Banking||Business Law|
|Accounting & Finance for Bankers||Taxation – Direct and Indirect|
|Business Economics||Retail Banking|
|Corporate Social Responsibility||Information Systems for Managers|
|Organizational Behavior||Business Communication and Etiquette|
Diploma in Banking & Finance: Career Prospects
Graduates after the successful completion of the course have lucrative opportunities to join reputed banking and investments holding senior positions. They are trained in various aspects of Banking and Finance making an ideal for jobs in stock markets, financial firms and much more. Students are rendered with skills of investments and financial management sectors, gaining knowledge of corporate finance, investments & securities and much more.
Graduates have a wide arena of job scopes in sectors of Banking, Corporate Banking, Financial Sector, Auditing Departments, Credit Administration and other such. They can work in the positions of Business Analyst, Internal Auditor, Lon Counsellor, Credit and Risk Manager, Stock Analyst and much more.
Some of the jobs options which can be chosen by the graduates after the completion of the course which are as follows:
|Job Profile||Job Description||Average Salary (in INR) per annum|
|Credit and Risk Manager||Development and processing procedures in order to reduce credit risk for financial institutions. The work also involves building financial models which enable to predict the credit risk criteria for the organization.||11 to 12 Lacs|
|Loan Counsellor||Assisting clients to get a deeper insight whether the loan suits the requirement of the clients. Give clients an understanding of loans, restrictions and repayment policies.||2.5 to 3.5 Lacs|
|Securities Analyst||Be abreast about the latest trends and news as well as about mergers and acquisitions, company’s financial stability and position in the market. Work also involves preparing reports and working in liaison with managers.||3.5 to 4.5 Lacs|
|Business Analyst||Work involves developing technical solutions related to business, advancing company sales, defining, analyzing and documentation of files.||8 to 9 Lacs|
|Investment Banker||Assisting clients in aspects of mergers and acquisitions, issuing debt, selling equity and advising them regarding lucrative opportunities in the future.||9 to 10 lakhs|
|Administrative Officer (AO)||Work includes providing administrative support to clients and managing their queries. Preparing reports, framing budgets and organization of company records.||3.5 to 4.5 Lacs|
|Internal Auditor||Auditing of internal documents, ensuring transparency and assisting companies in tallying their finances.||5 to 6 Lacs|
|Recovery Agent||Assisting clients to recover their debt and property, working for individuals as well as organizations.||2.5 to 4.5 Lacs|
|Market Analyst||Work includes performing market research, gathering data to assist companies in meeting their target sales, evaluating and using statistical techniques to research market techniques.||4 to 5 Lacs|
|Financial Analyst||Creation of financial models by gathering data, monitoring and creating a thorough report. Work also includes identifying trends, forecasting and assisting companies in decision making with respect to finances.||3 to 4 Lacs|
|Money Manager||Management of securities, researching and monitoring of sales and assets of the company.||5 to 6 Lacs|