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Diploma in Banking And Finance Online Course | Duration, Eligibility, Fee Structure, Career Scope, and Salary

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Diploma in Banking And Finance Course

Diploma in Banking And Finance Course: In our country, the banking industry is huge and diverse. The Banking and Finance industry encompasses everything from mortgages to investments, insurance to equity funds, assets to capital management, and everything in between.

Furthermore, the industry has been growing substantially, resulting in higher opportunities at all tiers. Aspirants interested in a career in banking and finance can register in a Diploma program that can give them a good career with ample growth opportunities.

The course will assist you in comprehending the constantly changing financial sector and other things related to the financial market. It assists aspirants in gaining the understanding and skills required for a professional life in investment banking, financial markets, or commercial banking.

If you have been thinking of joining a Diploma in Banking And Finance, then this is the right article for you as we will discuss the detailed information related to this course and will guide you on how to proceed further.

About Diploma in Banking And Finance Course Duration

A diploma in Banking and Finance is a one-year diploma program that can be enrolled once you have completed your 12th grade. The curriculum covers all of the fundamentals of banking and finance and prepares learners for careers in banking, financial services, insurance, asset, risk mitigation, computer software, and information technology, among other fields.

This curriculum is open to all applicants who have cleared their 12th grade in any subject. However, some institutions may require a high school diploma as a basic requirementAfter the completion of these courses, there is ample job opportunity in various fields such as Corporate Banking, Financial Sector, Auditing Departments, and many more.

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Diploma Courses in Banking and Finance Eligibility Criteria

The eligibility requirements for admittance to the Diploma in Banking and Finance curriculum are determined by the admission conducting officials. Applicants should double-check the course eligibility requirements to avoid being rejected at a later point.

The eligibility criteria encompass academic requirements as well as minimum grade requirements. You can refer to the details below for the eligibility criteria for this course:

  • Applicants must complete Class 12 or a Bachelor’s degree examination or possess any other equivalent qualification. This is entirely dependent on the college or the institutions, as some accept an applicant with intermediate qualifications while others favor graduates.
  • Applicant must have received at least a 50 percent aggregate from a recognized institution that is listed under the UGC/AIU or Board.

Skills for Diploma in Banking and Finance Online Course

Skills are one of the most important things that an individual must possess to complete a task more efficiently and effectively. If you are in the finance profession then there are some important skills that you must master to be successful in your career path. Some of those skills are as follows:

  • Skills in Commercial Awareness
  • Leadership and Persuasion Techniques
  • Teamwork
  • Communication Capabilities
  • Skills in Numeracy
  • Problem-Solving Techniques
  • Skills in Networking
  • Personal Influence Techniques
  • Problem-Solving skills

Best Colleges for Diploma in Banking And Finance Courses in India with Fees

To assist you in finding the best college for the Diploma in Banking And Finance Course we are here with the list of some of the best colleges in India along with their Type(Private/ Public)  and Total Fees. Also, please note that the fees may vary as per the time and conditions of the institutions.

Name of College/Institutions Private/Public Total Fees
NMIMS

Location: West Mumbai

Private INR  71.2 K
Indian School of Business Management and Administration,

Location: Delhi

Private INR 14.9 K
Xaviers Institute of Business Management Studies, Location: Hyderabad Private INR 13.9 K
Swami Vivekanand University

Location: M.P

Private INR 43.1 K
Ramanujan College

Location: Kalkaji, Delhi

Public INR 5 K
IGNOU – Indira Gandhi National Open University

Location: Delhi

Public INR 10 K
BAOULocation: Ahmadabad Public INR 2.2 K

 

Odisha State Open University

Location: Sambalpur

Public INR 4 K

Admission Procedure for Diploma Banking And Finance Course in India

Applicants interested in pursuing a diploma in Banking and Finance must meet the mandatory requirements set forth by their respective institutions. Some institutions admit students after they have completed their graduation, while others admit students after they have completed Class 12, depending entirely on the norms established by the colleges and institutes.

  • To be considered for admission, applicants must complete the department’s written test or entrance exam, which is used to select talented applicants for the course. Some colleges admit students solely based on merit.
  • A few institutions prefer to conduct personal interviews to narrow down the pool of applicants for enrollment.
  • Candidates can fill out the forms online.
  • Once shortlisted all important details, such as admission dates, entrance exam dates, and names will be published on the websites as well as sent to the email address of the candidate.

Let’s see what are the Short Term Courses in Finance in India from this available link and get familiar with all other courses’ details regarding diploma banking and finance course.

Diploma in banking and finance Subjects & Semester Syllabus

The curriculum of the Diploma in Banking and Finance is divided into two semesters that cover a variety of topics in the Banking and financial sector. The course content has a good balance of theory and case studies.

After the completion of each semester, the institutions conduct the examinations and it is accompanied by the submission of assignments and project work, the weighting of which is determined by the college’s requirements. You can find the details of the syllabus in the table given below:

1st Semester 2nd Semester
Organizational Behavior Marketing of Financial Services
Corporate Social Responsibility Business Communication and Etiquette
Business Economics Information Systems for Managers
Accounting & Finance for Bankers Retail Banking
Legal & Regulatory Aspects of Banking Taxation – Direct and Indirect
Principles & Practices of Banking Business Law

Scope of Diploma in Banking and Finance

A diploma in banking and finance will most probably lead to a profession in research and innovation in sectors like finance and banking, which are continually advancing that open the doors for ample opportunity for fresher and professionals.

Financial planning, wealth management, consumer banking, and other subjects are covered in their curriculum, making diploma holders ideal for introductory or entry-level positions.

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Career Opportunities after Polytechnic Course in Banking and Finance

Students after completing a Diploma in Banking and Finance have the opportunity to work in reputable banking and investment sectors in new roles in both the public and private fields. Throughout the course, they are educated in various facets of banking and finance, which makes them an excellent contender for jobs in equity markets, finance companies, and other areas.

Students are given investment and financial management skills, as well as comprehensive knowledge of organizational finance, financial assets, and securities, which can lead to jobs that have a high salary and respectful position for both young and seasoned professionals. Some of the areas that offer jobs to a diploma holder in Banking and Finance are as follows:

  • Public Banks
  • Insurance Firm
  • Risk Management Firms
  • MNCs
  • PSU, and others.
  • Private Banks
  • Financial Company
  • Financial Consultancy

Must See: Banking Courses after B.Com

Jop After Diploma in Banking and Finance

Some of the popular positions that are offered to candidates who have a Diploma in Banking and Finance are listed below:

  • Credit and Risk Manager
  • Recovery Agent
  • Internal Auditor
  • Market Analyst
  • Money Manager
  • Financial Analyst
  • Investment Banker

However, because of the high competition level, other diploma holders prefer to opt for higher studies such as Advanced certification courses, MCom, MBA, etc.

Diploma in banking and finance salary in India

After the successful completion of the Diploma in Banking and Finance Students can get jobs in various private and public sectors, and the average salary of a Diploma holder in  Banking and Finance is around INR 18,000- 25,000 monthly. However, the figure of the salary also depends on one skill, expertise and the type of company you join.

Specialists who have gained some experience and passed the banking exams are qualified to enroll for senior-level positions, which pay between INR 40,000 and INR 80,000 per month.

Also to give you a brief idea of the salary received by a diploma holder in Banking and Finance, we have listed a few designations along with their salaries:

  1. Credit Risk Manager                   Average Salary = INR 8.00 LPA
  2. Financial Analyst                         Average Salary = INR 4.04 LPA
  3. Internal Auditor                          Average Salary = INR 5.27 LPA
  4. Loan Officer                                Average Salary = INR 2.46 LPA
  5. Administrative Assistant             Average Salary = INR 2.95 LPA

Reference Books To Study Diploma Banking & Finance Course in India

Although several books are available online as well as in the market related to banking and finance, at times we get confused about which one to choose, hence to assist you with the most relevant books that are useful for studying for Diploma in Banking and Finance, we have listed a few books that might be of assistance.

  1. Accounting and Finance for Bankers; Author Abinash Kumar Mandilwar
  2. The Economics of Money, Banking and Financial Markets; Author Frederic Mishkin
  3. Legal and Regulatory Aspects of Banking; Author IIBF
  4. Financial, Commercial and Mortgage Mathematics, and their Applications; Author Arun Prakash & Dilip Ghosh
  5. Finance for Nonfinancial Managers; Author Gene Siciliano

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FAQs Related to Diploma Online Course in Banking and Finance

1. Is there any placement provided by colleges to obtain jobs after Diploma in Banking and Finance?

Prestigious institutions, such as NMIMS, offer diploma holders employment opportunities with median income remuneration of around INR 3-4 LPA. However, this is not the situation in all academic institutions, and students must look for work on their own. They may receive assistance and direction from their faculty about how to find pertinent jobs in the financial industry.

2. What qualifications are required to apply for a Diploma in Banking and Finance course?

Answer: Applicants who have completed their 12th grade, Bachelor’s degree, or any equivalent are eligible to apply for Diploma in Banking and Finance course. This is entirely dependent on the college, as some admit students with intermediate credentials while others prefer degree holders.

3. What are the subjects covered in the Diploma in Banking and Finance?

Some of the common subjects covered in this one-year course of Diploma in Banking and Finance are:

  • Introduction to Finance
  • Investment Banking
  • Retail Banking
  • Taxation, etc.
  • Introduction to Banking
  • Principles of Banking

4. What is the point of obtaining a diploma in banking and finance?

The course covers all of the fundamentals of banking and finance and prepares students for careers in banking, financial services, insurance, equity, risk assessment, IT, and other fields.

5. What is the average salary of a Diploma Holder in Banking and Finance?

The average salary of a Diploma Holder in Banking and finance varies between INR 3 to 7 Lakhs per annum. However, the salary also depends on one’s skill, knowledge, level of expertise, and the type of organization where an individual is employed.

Conclusion

Students can learn about the fundamentals of banking and finance through the Diploma in Banking and Finance Course guide and they obtain the necessary competency to work in the industry. Hence, if you have an interest in the financial system and want to make a career in Banking and Finance, this course gives you an excellent opportunity to grow.

Now that you have all the required details for the Banking and Finance diploma course, make use of it and take the first step to your financial career. For more career updates and other course details, visit our comprehensive website @newsozzy.com

Neha Bansal is a Delhi based engineering graduate and has done her Post Graduation in Human Resource Management. She has a deep interest in startups, business & technology.

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