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 Highlights
Diploma in Banking & Finance highlights are 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 |
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. |
Why Choose Diploma in Banking & Finance?
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.
What is an Online Diploma in Banking & Finance?
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 Eligibility Criteria
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
List of Popular Diploma in Banking & Finance Specializations
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 Process in India
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.
Career Options After Diploma in Banking & Finance
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:
Job Profiles Average Salary (per annum) Credit Risk Manager INR 6,00,000- INR 9,00,000 Asset and Wealth Manager INR 5,00,000- INR 8,00,000 Loan Officer/Counsellor INR 3,00,000- INR 6,00,000 Financial consultant/advisor INR 6,00,000- INR 9,00,000 Investment Manager INR 8,00,000- INR 12,00,000 Bank Manager INR 6,00,000- INR 10,00,000 Internal Auditor INR 5,00,000- INR 9,00,000 Budget Analyst INR 4,00,000- INR 7,00,000