The Diploma in Banking & Finance is a one-year course chosen by students following the completion of their 10+2 or graduation in commerce or a related stream. This program comprehensively covers various facets of the banking and financial sector, including investment, insurance, financial management, banking, and risk management.
The objective of the Diploma in Banking & Finance course is to offer a comprehensive understanding of the dynamic changes in the finance and banking realm, encompassing strategies for managing financial crises and the fundamentals of bailouts for banks worldwide.
Recent data trends indicate significant growth in India's banking and financial sector, creating a demand for skilled professionals in both government and private institutions.
To get a swift overview of the Diploma in Banking & Finance course, refer to the highlights presented in the table below:
Parameters | Specifications |
---|---|
Course Name | Diploma in Banking & Finance |
Eligibility | 10+2 or Graduation |
Duration | 1 Year |
Admission Process | Merit+Entrance Based |
Average Fees | INR 10,000- INR 40,000 per annum |
Top Colleges | National Postgraduate College Lucknow, Guru Kashi University Bathinda, Greenway Institute of Management Studies Dehradun, NMIMS Mumbai, Swami Vivekananda University Madhya Pradesh etc. |
Career Opportunities | Credit Risk Manager, Investment Banker, Financial Consultant, Internal Auditor, Financial Analyst, Loan Officer etc. |
Average Salary | INR 5,00,000- INR 10,00,000 per annum |
Also Read: What is the Advantage of Doing a MBA in Finance In India?
Diploma in Banking & Finance course is a one year undergraduate diploma course wherein students learn about the domains of banking and finance sector.
The Diploma in Banking & Finance Syllabus integrates theoretical and practical components, incorporating presentations and case studies to foster the development of cognitive, interpersonal, and critical skills essential for a successful career in the banking and finance sector.
This program equips students with the necessary skills to understand the intricacies of economic markets and the global financial system. Upon completion of the course, students are well-prepared to embark on a reputable career in the field.
The curriculum covers both domestic and international banking, providing students with insights into market dynamics within an economy and the financial credibility across the country.
A range of subjects are taught under the Diploma in Banking & Finance course. The subjects are taught over a duration of 12 months. Some of the topics covered include the following:
Several colleges across India provide a variety of core subjects for Diploma in Banking & Finance programs. However, there are certain fundamental/common core subjects that are offered consistently across all Diploma in Banking & Finance colleges, as listed below:
Alongside their core studies, students in this program gain insights into the methods and techniques employed in the financial consulting sector.
In a lot of institutes while pursuing the Diploma in Banking & Finance course, students also have to study elective courses, which they can choose according to their interest. Through elective courses, students have the opportunity to cultivate specialized expertise in advanced economic techniques. The Diploma degree in Banking and Finance is designed to fulfill both professional and academic requirements.
The duration of the Diploma in Banking and Finance program is one year, organized into two semesters, each concluding with a semester-based exam. The syllabus strikes a balance between theoretical concepts and practical case studies.
The examinations are conducted at the conclusion of each semester, accompanied by the submission of projects and assignments. The weightage of these assessments is determined by the marks assigned by the colleges. Below is the semester-wise syllabus outline for this diploma course:
Semester I Subjects Diploma in Banking & Finance | Semester II Subjects Diploma in Banking & Finance |
---|---|
Banking Environment & Operations | Banking Products & Services |
Organizational Behavior | Taxation |
Practices & Principles of Banking | Mutual Fund Agent |
Banking Law & Practice | Business Communication and Etiquette |
Retail Banking | Strategies for Banking Risk and Marketing Management |
Also Read: Bank Exam Syllabus 2024
The curriculum of a Diploma in Banking and Finance program integrates cutting-edge technologies, offering a diverse array of electives encompassing both lectures and practicals. Essential to the core curriculum, each student is required to undertake an internship or training, enhancing workplace skills. Teaching methodologies focus on innovative approaches, allowing traditional classroom instruction to evolve through emerging technologies. Commonly employed teaching methods include:
There are various types of distance and online Diploma in Banking & Finance courses offered in India and globally. The subjects covered in the distance program Diploma in Banking & Finance are essentially the same as those in the regular program, with minor differences in sequence and order. The following are some popular subjects included in distance Diploma in Banking & Finance courses:
Typically spanning a year, Diploma programs in Banking and Finance comprise two semesters, each culminating in a semester-based exam. The program encompasses both core courses and a variety of electives. The overall structure of the Diploma program in Banking and Finance is outlined as follows:
Research projects in the Diploma in Banking and Finance program equip students for project management roles in financial consultancies. These projects focus on teaching students the key factors influencing successful research and effective strategies for their implementation within the realm of banking and finance.
Diploma students specializing in banking and finance have the opportunity to establish connections with financial consultancies, providing them with valuable experiential learning. To develop a comprehensive set of practical and theoretical skills, students are required to complete a research project by the end of the semester.
Diploma in Banking & Finance books, spanning various titles and publishers, can be accessed both online and offline. The syllabus comprehensively cover major banking and finance topics, providing background information on diverse fields within the industry.
While textbooks for Diploma in Banking & Finance students may vary based on the edition, making informed decisions through thorough research before investing in reference books is advisable.
The essential books for the Diploma in Banking & Finance Syllabus remain consistent across all levels. Candidates pursuing Diploma in Banking & Finance Courses should ensure they study from the latest editions of these books for their degree.
Name of Book | Author/ Publisher |
---|---|
Legal & Regulatory Aspects of Banking | IIBF |
The Economics of Money, Banking and Financial Markets | Frederic Mishkin |
Corporate Finance for Dummies | Michael Taillard |
Financial, Commercial and Mortgage Mathematics and their Applications | Arun Prakash & Dilip Ghosh |
Digital Banking | IIBF |
Global Banking | Ingo Walther |
Finance for Nonfinancial Managers | Gene Siciliano |
The Principles of Banking | Moorad Choudhry |
Also Read: Banking Courses after Graduation
Some of the popular reference books for Diploma in Banking & Finance include Legal & Regulatory Aspects of Banking by IIBF, The Economics of Money, Banking and Financial Markets by Frederic Mishkin, Global Banking by Ingo Walther, Digital Banking by IIBF, and The Principles of Banking by Moorad Choudhry.
Yes, a Diploma in Banking & Finance from Distance Education is considered valid when obtained from a recognized university, and it holds recognition in India as well as abroad.
The course structure includes two semesters, core and elective subjects, practical workshops, and research project/thesis submission.
The core subjects for Diploma in Banking & Finance include Banking Law & Practice, Practices & Principles of Banking, Strategies for Banking Risk, Marketing Management, Retail Banking, Accounting for Bankers, Banking Products & Services, etc.
Yes, a Diploma in Banking & Finance course can be pursued abroad with at least 50% marks from a recognized Board or University. However, fees for such courses abroad are higher than those offered in India.
The choice of the best college for Diploma in Banking & Finance course depends on factors such as location, ranking, faculty, curriculum, placements, infrastructure, and average fees.
In semester I subjects include Banking Environment & Operations, Organizational Behavior, Practices & Principles of Banking, Banking Law & Practice, Retail Banking. Semester II subjects include Taxation, Mutual Funds, Banking Products & Services, Strategies for Banking Risk, Marketing Management, Business Communication, and Etiquette.
While there is no specific age limit for Diploma in Banking & Finance course, candidates must be at least 18-19 years old as the courses can only be pursued after completing 10+2.
The students interested in a career in banking and finance must have at least 50% marks in 10+2 or 50% in Graduation/Post Graduation from a recognized board or university to be eligible for Diploma in Banking & Finance course.
The Diploma in Banking & Finance syllabus includes the following subjects in India: Banking Law & Practice, Practices & Principles of Banking, Strategies for Banking Risk, Marketing Management, Retail Banking, Accounting for Bankers, Banking Products & Services.