Diploma in Banking and Finance

Diploma in Banking & Finance is a one year course opted by students after completing their 10+2 or graduation from commerce or related stream. The course covers all aspects of banking and financial sector such as investment, insurance, financial management, banking, risk management etc.

Diploma in Banking & Finance is offered by leading and prestigious institutions such as NMIMS Navi Mumbai, National Post Graduate Lucknow, Guru Kashi University Bathinda, Greenway Institute of Management Studies Dehradun, Swami Vivekananda University Madhya Pradesh, New Arts Commerce & Science College Ahmednagar, YMCA Delhi etc. The average fees for this course ranges between INR 25,000- INR 85,000 per annum.

There are various career opportunities offered to students who have completed the Diploma in Banking & Finance course. Top job profiles such as Investment Banker, Financial Consultant, Credit Risk Manager, Budget Analyst, Loan Officer, Bank Manager, Internal Auditor, Asset & Wealth Manager etc. The salary of a Diploma in Banking & Finance graduate ranges between INR 5,00,000- INR 10,00,000 per annum.

Diploma in Banking & Finance course has various merits some of which are as follows:

• Ever-Expanding Demand: Banking and finance sector is continuously growing due to which Diploma in Banking & Finance graduates are always in demand. There are organizations looking for individuals who can aid them with financial complexities and help them make informed investment decisions.
• Network Opportunities: Diploma in Banking & Finance course offers individuals to network with professionals. This is very much beneficial for building relationships and creating career opportunities.
• Personal Growth: Pursuing Diploma in Banking & Finance course can be a challenging and rewarding experience. Additionally, it demands students to engage in critical and analytical thinking, motivating them to cultivate problem-solving skills. This personal development can have a positive influence on every facet of their life, transcending beyond just their career.
• Great Career Opportunities: Diploma in Banking & Finance course empowers individuals with essential skills and knowledge for leadership roles within organizations, unlocking diverse career opportunities such as managerial positions in banks, insurance companies, and investment firms.

Diploma in Banking & Finance course is nowadays also offered as an online course. There are various websites providing online Diploma in Banking & Finance courses that provide individuals the advantage of studying at their own pace. These are best suited for working professionals, as they get a chance to advance their career and work simultaneously. Some of the online courses are mentioned below:

• Banking & Finance Course- Imarticus Learning
• Diploma in Banking & Finance Course- Amity Online
• Banking & Finance Course- Coursera
• Full Banking & Finance Course- Gyanm Education
• Banking & Finance Course- EdX
• Understanding Bank & Financial Markets- Udemy
• Foundations of Business Banking- Linkedin
• Digital Banking Course- Udemy

Diploma in Banking & Finance vs PGDM

A Diploma in Banking & Finance is an undergraduate program whereas a PGDM or Post Graduate Diploma in Marketing is a masters level program. A diploma will help candidates in learning about banking and finance essentials whereas on the other hand a PGDM designed to meet industry needs, assisting aspiring managers in cultivating both essential hard and soft skills to become well-prepared professionals for the industry. Which one course is better amongst the two depends upon the interest of an individual, if an individual wants to make a career in banking and finance sector only and wants to gain many years of experience and then acquire top level positions then he should definitely go for a diploma, however, if the candidate wants to join at top level positions in the same field then one should opt for PGDM.

Diploma in Banking & Finance vs M.Com or Masters in Commerce

If we compare Diploma in Banking & Finance with M.Com then surely depending upon the need of the market these days a diploma is far better than an M.Com degree. The degree will definitely provide advanced level knowledge about the banking and financial sector, however, a diploma will help individuals acquire skills that will make them job ready and will also save one year of study. If your career focus is on banking and finance, opting for a Diploma in Banking and Finance is an ideal choice. This program equips you with specialized knowledge and skills essential for an immediate entry into the industry.

There are various ways through which one can complete a Diploma in Banking & Finance. One can either choose a regular diploma program, where one has to invest one year of his or her life in completing the diploma course. Students have to visit the college daily and have to complete all their credits, submit assignments on time, take up internships and projects and finally appear for the final examination to get a diploma.

The other way is to pursue the course in distance mode, wherein students will have to visit the college premises to only appear for the final exams and have to submit assignments and practicals if any. Students will be given the entire course schedule along with the reference material to study. Individuals have to complete the course by reading and learning by themselves and then appear for the final exam, which will grant them a diploma certificate for  the course.

The third way which is becoming popular nowadays, is to take up an online course, wherein students will get the advantage to study at their own pace. The course will be offered to the students containing the entire course in a number of hours. Students have to complete these hours at their own pace and appear for the exam at the end to receive a certificate or diploma credentials. This option is best for working professionals, as it will help them in advancing their career without leaving their jobs.

Diploma in Banking & Finance course eligibility criteria is as follows:

• Candidates must complete 10+2 in commerce stream from a recognised board of school education.
• Candidates who have completed their graduation degree in relevant subjects are eligible to apply for this course.
• Candidates must have secured a minimum of 50% marks in 10+2 or graduation to apply for this course.
• Candidates must have studied Mathematics or Economics in 10+2 or graduation to apply for this course.
• Candidates in the final year of graduation can also apply for the course, however, they have to apply their provisional final mark sheet at the time of counselling process wherein they have to score a minimum of 50% marks.
• Candidates in some cases after a period and qualify entrance examination with a good score to meet the cut off and appear in the merit list.
• In some cases after appearing for entrance exams, students have to also undergo a personal interview round. 

Diploma in Banking & Finance Skill Set

To apply for a Diploma in Banking & Finance course, candidates must have acquired certain skills to be eligible for the course. These skills are listed below:

• Ability to Communicate 
• Financial Management 
• Eye for Details
• Customer Service
• Critical Thinking
• Negotiation
• Time Management 
• Leadership 
• Problem Solving
• Numerical Skills
• Budgeting

To enroll in the Diploma in Banking & Finance course, several prestigious institutes conduct entrance exams like CAT, CAIIB, JAIIB, and others. Below are the complete dates for some well-known entrance exams related to the diploma programs in banking and finance:

There are various specializations offered to students who want to pursue a Diploma in Banking & Finance. It is always recommended to check for eligibility criteria for each of these specializations by visiting the official website from where you want to earn the specialization.

The specialization courses are offered at both undergraduate and postgraduate level. These specializations are mentioned below.

UG Diploma Courses:

• Diploma in Insurance Underwriting 
• Diploma in Mutual Funds
• Diploma in Money & Banking
• Diploma in Banking & Risk Management 
• Diploma in Banking
• Diploma in Financial Risk Management 
• Diploma in BPO Finance & Accounting
• Diploma in Treasury, Investment and Risk Management 
• Advance Diploma in Banking, Finance & Insurance

PG Diploma Courses:

• Post Graduate Diploma in Banking & Finance
• Post Graduate Diploma in Financial Technology 
• Post Graduate Diploma in Financial Services
• Post Graduate Diploma in Banking & Finance
• Post Graduate Diploma in Capital Marketing Management 
• Post Graduate Diploma in Financial Management 
• Post Graduate Diploma in Finance
• Post Graduate Diploma in Banking & Risk Management 
• Postgraduate Diploma in Management (PGDM)
• PGDM in Banking & Financial Services
• PGDM in Quantitative Finance
• Postgraduate Program in Management 
• Masters in Management 
• PGDM iConnect in Financial Markets

Diploma in Banking & Finance admission in India is either on the basis of merit, determined by the marks secured in 10+2 or Graduation  or through national, state, or university-level entrance exams. The details about admission processes through both mediums are provided below:

Merit Based:

In many Indian colleges, selection for a Diploma in Banking & Finance course is primarily based on merit, determined by the candidate's marks in the 10+2 or Graduation final year examination. Applicants whose names appear on the merit list become eligible for the final admission process, which involves document verification and payment of admission fees.

Entrance Exam Based:

An alternative method for Diploma in Banking & Finance admission involves entrance exams. Candidates are selected based on their performance in these exams. To participate, candidates must register for the college/university's entrance exam, followed by appearing for the scheduled test. The college releases a cut-off or merit list based on the candidates' performance in the entrance exam. Successful candidates meeting the cut-off criteria are qualified for admission to the Diploma in Banking & Finance program at that college.

Diploma in Banking & Finance course is offered directly as well wherein students are offered admission on the basis of merit. These individuals have to meet the given conditions: 

• Candidates have to complete 10+2 in commerce or related stream from a recognised board of school education with minimum of 50% marks are eligible for direct admission.
• Candidates who have completed graduation in commerce or related field with minimum 50% marks are also eligible for direct admission.
• Candidates who are in the final year of graduation and are expected to bring a minimum of 50% marks and also have a minimum of 50% marks in previous semester based examinations or also eligible to apply using the direct mode. However they have to present their provisional or final graduation marksheet at the time of college admission.

Diploma in Banking & Finance fees in India varies from college to college. The fee amount depends upon various factors such as location of college, NAAC grades, placement assistance, curriculum, faculty, infrastructure etc. 

In India, the fees for Diploma in Banking & Finance course is quite affordable, it ranges between INR 25,000 to INR 85,000 per annum.

Diploma in Banking & Finance syllabus revolves around numerous subjects. The course duration is one year divided into two semesters. The curriculum is designed in such a way that both theoretical and practical knowledge is provided to make the individual job ready. Some of the topics that are taught under this course include the following:

Diploma in Banking & Finance course is offered in various leading colleges situated in India. Some of them are mentioned below:

Diploma in Banking & Finance course is also offered directly without any exams. The colleges offering direct admission are as follows:

Diploma in Banking & Finance course has numerous respectable and lucrative salary opportunities. The employment areas such as NBFCs, aviation sector, education sector, marketing companies, audit and accounting hubs, IT hubs, telecom sector, healthcare sector, government ministries etc demand graduates of this course.

Diploma in Banking & Finance Jobs

Diploma in Banking & Finance jobs are immense throughout the world. Some of the top reputable positions are given below:

• Credit Risk Manager
• Financial Consultant
• Loan Officer
• Investment Banker
• Bank Manager
• Internal Auditor 
• Budget Analyst
• Asset & Wealth Manager

Diploma in Banking & Finance Salary

Diploma in Banking & Finance graduates have very good salary packages as well which helps them in leading a stable and secure life. The salary of an entry level graduate lies between INR 3,00,000- INR 5,00,000 per annum. The salary of a mid level graduate lies between INR 5,00,000- INR 8,00,000 per annum. Senior position individuals earn up to INR 9,00,000- INR 12,00,000 per annum.

Some of the top job profiles and their average salary is discussed in the table below:

Also Read: Banking Courses after Graduation

Diploma in Banking & Finance Recruiters

Diploma in Banking & Finance graduates receive offer letters from some of the top management and consulting firms and banks as well. Gone are the days when these professionals were required only in limited sectors, nowadays there are various fields wherein banking and finance graduates are in demand. The top recruiters are listed below. 

• SBI Bank
• HDB Financial Services
• Tata Capital Financial Services Ltd.
• Aditya Birla Finance Ltd.
• Mahindra Financial Services Ltd.
• Power Finance Corporation Ltd.
• L & T Finance Ltd.
• PNB MetLife
• ICICI Bank
• HDFC Bank
• Max Life Insurance

There are various courses one can take up to advance their career after completing a Diploma in Banking & Finance course. These advanced level courses will help candidates in gaining more exposure, good jobs, satisfactory pay and respectable positions. Individuals can choose to advance themselves using the following courses:

• Master in Business Administration (MBA)
• M.Com in Finance
• Chartered Accountancy (CA)
• Company Secretary (CS)
• Certified Financial Planner (CFP)
• Cost Management Accounting (CMA)
• Certified Financial Analyst (CFA)