The Banking and Finance sector has always been one of the major players in the growth of the economy. Along with securing financial assets of the public, the sector is also involved in assuring the best approach to investments as well as monitoring financial activities of government agencies. Due to the sudden boom in the Banking and Finance sector, all the major financial firms and banks are encouraging professionals and experts in the field to join them and master their own skills. Therefore, students and individuals are looking for courses to acquire the basics of Banking and Finance as well as build their expertise and knowledge about how those firms operate and utilize their skills in the best possible manner. One such course which provides you with the platform to begin your career in this sector is a Diploma in Banking and Finance.
Let’s explore some of the key essentials that you should know about this course:
|Course||Diploma in Banking and Finance|
|Duration||6 months- 2 years|
|Eligibility||Class 12th or equivalent exam from recognised board Or Graduation from a recognised institution with minimum 55% aggregate.|
|Admission Process||Merit-based or Entrance Exam|
|Tuition Fees||India- 10,000 to 50,000 per yearAbroad- 5 Lakhs-9 Lakhs per year|
|Scope||Financial Analyst, Loan Counsellor, Investment banker, Credit and Risk Manager, Internal Auditor, Financial Consultant etc.|
|Average Salary||India- 3 to 6 Lakhs per annum|
|Top Recruiters||Credit Administrator, Banking Sector, Auditing Department,Financial Consultancies etc.|
This Blog Includes:
- What is Diploma in Banking and Finance?
- Why Pursue a Diploma in Banking and Finance?
- Basic Eligibility Requirements
- Diploma in Banking and Finance: Courses and Universities
- Eligibility Requirements
- Language Proficiency Test Requirements
- Documents Required
- Job Prospects
- Average Salary: Diploma in Banking and Finance
What is Diploma in Banking and Finance?
A one-year diploma programme called the Diploma in Banking and Finance can be finished right after high school. Students are prepared for professions in banking, finance, investment, risk management, insurance, computer application, information technology, and other disciplines via the study of the principles of banking and finance. Any student who has finished their 12th grade in any subject is eligible to enrol in this course. Candidates for this programme must have graduated within the past four months.
Also Read: Banking Courses after 12th
Why Pursue a Diploma in Banking and Finance?
Diploma in Banking and Finance is a comprehensive course offered to students and professionals who want to understand the rapidly changing finance sector and acquire job opportunities it offers. Diploma courses are of shorter duration than degree courses, therefore they are highly intensive towards providing the necessary skillset in the particular field of study. With emerging career opportunities in Banking and Finance, many students are willing to polish their existing skills and develop knowledge in this field. Individuals who enjoy working with a diverse range of clients often work in careers dealing with investments and loans and those who like to work individually gravitate towards auditing.
Moreover, diploma courses help individuals develop cognitive, interpersonal and critical skills which are essential to be successful in the field of Finance and Banking. It also ensures that professionals have a core understanding of the operational functioning of economic markets and global financial systems.
Also Read: Career in Banking
Basic Eligibility Requirements
- The applicant must have completed 10+2 or equivalent in any stream.
- The applicant is required to have an undergraduate degree in a relevant discipline.
- The applicant should have a minimum of 2 years of work experience in a related field.
- TOEFL, IELTS Academic, PTE, Cambridge English as a major English proficiency tests.
Note: * These two criteria are required to be fulfilled in order to pursue a graduate certificate or diploma in finance and banking.
Diploma in Banking and Finance: Courses and Universities
There are several universities and colleges around the globe offering diploma courses to study banking and finance. Below is a list of some of the universities along with the courses offered in Banking and Finance and the duration of those courses:
Top Colleges in Abroad to study Diploma in Banking and Finance
|The University of Melbourne, Australia||Graduate Diploma in Banking and Finance Law||Full-time for 6 months|
|Tunku Abdul Rahman University College, Malaysia||Diploma in Banking and Finance||Full-time for 2 years|
|Singapore Institute of Management, Singapore||Diploma in Banking and Finance||Full-time for 15 months|
|Swinburne University of Technology, Australia||Graduate Certificate of Finance and BankingFull-time for 6 months||Full-time for 6 months|
|Suffolk University, United States||Graduate Certificate in Financial Services and Banking||Full-time for 4 months|
Top Colleges in India to pursue Diploma in Banking and Finance
|MIT College of Management, Pune||Rs.20,000|
|New Arts, Commerce, and Science College, Ahmedabad||Rs.9,500|
|Greenway Institute of Management Studies||Rs.25,000|
|Marathwada Mitra Mandal’s College of Commerce (MMCC)||Rs.30,000|
Check Out: Bachelors in Banking and Insurance
There are a few eligibility requirements that you are required to qualify in order to pursue a masters degrees in filmmaking. Some of the major requirements are as follows;
- You are first required to the intermediate level or 10+2 in any stream securing atleast 65% marks followed by an undergraduate degree in relevant field or film making.
- Additionally, English Language Proficiency Test like IELTS, TOFEL, SAT, and PTE is required for students from non-English speaking countries to apply for universities in the A.
- Minimum academic GPAs of 3.0 and 6.0 in IELTS are primary requirements for pursuing Masters in filmmaking in the A.
Language Proficiency Test Requirements
One of the major requirements is to submit language proficiency scores in case English in not your first language.
As a part of application process you are also required to submit a list of documents. Some of the essential documents required are as follows;
- All official transcripts and certificates of higher secondary level education.
- Writing Samples( Creative Essay and Life Challenge Essay)
- Valid Report of English Language Proficiency Test
- Two Letters of Recommendation.
- Statement of Purpose
- Valid Passport.
Diploma courses in Banking and Finance equip students and professionals with technical expertise in econometric techniques that are important in Banking and Finance. A diploma in this field also helps you develop good communication and interpersonal skills to adjust to the competitive world of Finance and Banking. Below is a list of a wide range of job opportunities for individuals with a diploma or graduate certification in the field of banking and finance:
- Asset Manager
- Finance Manager
- Marketing Manager
- Money Manager
- Operational Manager
- Sales Manager
- Credit and Risk Manager
- Business Analyst
- Corporate Analyst
- Investment Analyst
- Equity Research Analyst
- Market Analyst
- Risk Analyst
- Securities Analyst
- Stock Analyst
- Administrative Officer
- Assistant Administrative Officer
- Assistant Controller
- Sales Officer
- Internal Auditor
- Investment Banker
- Recovery Agent
- Cashier or Teller
- Customer Service Representative
- Sales Representative
- Marketing and Sales Executive
- Loss Control Specialist
- Loan Counsellor
- Personal Financial Advisor
Average Salary: Diploma in Banking and Finance
|Money Manager||Rs.8.7 LPA|
|Financial Analyst||Rs. 4.46 LPA|
|Investment Banker||Rs.8.41 LPA|
|Credit and Risk Manager||Rs. 18 LPA|
|Recovery Agent||Rs. 2.5 LPA|
|Internal Auditor||Rs. 4.67 LPA|
|Market Analyst||Rs.3.55 LPA|
Students who get a diploma in banking and finance will have the knowledge and abilities necessary to work in the financial markets, corporate finance, investing, and banking industries. After finishing the programme, candidates for the diploma in banking and finance might make an initial salary of INR 3 lakh to 7 lakh annually.
Diploma in Banking and Finance holders frequently find employment as a Business Analyst, Internal Auditor, Loan Counselor, Credit and Risk Manager, Stock Analyst, Loan Counsellor or Officer, Securities Analyst, Administrative Officer, Internal Auditor, and Recovery Agent.
The All India Council For Technical Education has given the Post Graduate Diploma in Management in Banking, Insurance and Financial Service (PGDM – BIF), a two-year full-time programme that began in 2008, its approval (AICTE). Future managers who can successfully navigate difficult business challenges will be developed through this training.
One of the main causes of applicants failing to qualify is that those who attend for the bank test treat it extremely carelessly. For a position with thousands of openings, millions of applicants are submitting applications. The exam is quite competitive.
We hope that this blog elaborating all the details about pursuing a Diploma in Banking and Finance helped you understand the varied aspects of this course. If you are planning to pursue a course in Banking and Finance and don’t know where to start, Leverage Edu experts can guide you in finding a course that suits your interests to kickstart your career in Banking and Finance.