Diploma in Banking and Finance Course, Eligibility, Admission, Colleges, Syllabus, Jobs, Salary 2021-2022

Sakshi Gupta's profile photo

Sakshi Gupta

Content Curator

Diploma in Banking and Finance is a 1-year diploma level course that can be done right after class 12th. 

The course deals with all the basic aspects of banking and finance and trains students in the field of banking, finance, insurance, investment, risk management, computer application, IT and more.

Know More About Banking Course

The students who have completed class 12th with any stream are eligible to apply for this course. But some of the colleges like MIT Pune ask for a graduation degree as a prerequisite. It offers this program for 4 months to the students who have completed graduation. 

The admissions are based on merit, followed by an interview. Very few colleges offer this diploma course on-campus in a regular mode.

Mostly, this course is pursued online or through correspondence. There are many institutes and colleges that offer this specialized diploma course. 

Below table lists some of the top Diploma in Banking and Finance colleges in India:

Collegedunia Rating (out of 10) College Name Location Admission Process Average Fees
8.4 NMIMS  Navi Mumbai Merit Based INR 51,200
6.9 National Postgraduate College Lucknow Merit Based INR 15,000
6.6 Greenway Institute of Management Studies Dehradun Merit Based INR 25,000
6.3 Marathwada Mitramandal’s College of Commerce (MMCC) Pune Merit Based INR 30,000
- MIT College of Management Pune Merit Based & Personal Interview INR 20,000
- New Arts, Commerce, and Science College Ahmednagar According to the norms of Savitribai Phule Pune University INR 9,520

The average fees charged in this course is around INR 20,000-30,000, but it varies in different colleges as per their affiliation, location and course structure.

The diploma holders can get jobs in sectors such as corporate banking, auditing departments, financial consultancies etc. 

Read More Diploma in Banking Finance Jobs & Career Options

The average salary that a Banking and Finance Diploma holder can expect is around INR 2-6 Lakhs Per Annum in job roles such as Financial Analyst, Credit & Risk Manager, Store Manager, Internal Auditor, and much more.

For better jobs and a better salary, most of the students go for a Bachelor degree or advanced certification courses which help them to get higher salary jobs in the Banking & Finance field.

Diploma in Banking and Finance Admission Process

Diploma in Banking and Finance Admission Process

Candidates who aspire to pursue this diploma course are required to fulfill the necessary compulsory criteria as prescribed by respective colleges. 

Some colleges admit students after completing their Graduation, and some colleges admit students after completing Class 12, which totally depends upon the norms formulated by the colleges and institutes.

  • To get admission, candidates are required to clear the written test or entrance test conducted by the department in order to select the qualified students for the course. This is not a necessary factor since some of the colleges take admission purely on the basis of merit. 
  • Some colleges prefer to take a Personal Interview to further select the candidates for admission.
  • Applicants can fill the forms online as well as offline by availing for the form from the college office.
  • All important information including admission dates, entrance exam and names of shortlisted candidates will be notified on the website and through email.

Diploma in Banking and Finance Eligibility

The eligibility criteria is different in each college, but the main requirements for availing the program of Diploma in Banking and Finance are as follows:

  • Candidates are required to qualify Class 12 or their Bachelor’s degree or any equivalent examination. This totally depends upon the college since some colleges admit students with intermediate qualifications, and some prefer graduates.
  • They should obtain a minimum aggregate of 50% marks and above from a recognized university listed under UGC/AIU or Board.

In some colleges like NMIMS, MIT Pune applicants may have to go through the entrance examination as well. 

Diploma in Banking and Finance Entrance Exams

Reputed colleges and universities which offer this diploma course such as NMIMS, Indian Institute of Banking and Finance, etc. conduct an entrance examination for admission.

These exams help colleges to test the student’s knowledge and ability based on which the selection takes place. 

The syllabus of these entrance exams includes General Awareness questions, General English, Logical Reasoning and might have General Banking questions.

How to prepare for these entrance exams?

  • For General Awareness, keeping yourself updated with current affairs really helps. Apart from this, reading news everyday also helps.
  • For general English, there are several books and study material which you can get to increase your reading comprehension abilities and vocabulary.
  • You can prepare the Logical Reasoning part with the help of several available sources online and in books.
  • There may be a section of Banking & Finance which may include the basic questions of commerce, accounting and business studies. For this part, you can refer to the Class 11 & 12, commerce books and other relevant materials.
Diploma in Banking and Finance: What is it About?

Diploma in Banking and Finance: What is it About?

  • Diploma in Banking and Finance is a comprehensive study related to the banking field which deals with the rapidly changing finance sector. 
  • This course provides a wider view of the constant changes pertaining to finance, methods of dealing with the financial crisis as well as the basis for bailouts for various banks across the globe. 
  • This program aims at advancing the skills of the students by developing their knowledge in areas of finance and banking, with the overall polishing of skills required in the practice.
  • Some of the job opportunities that a diploma holder after this course can get are Banking Officer, Assistant Manager, Financial Consultant, Financial Analyst, Data Entry Operator, and much more.

Diploma in Banking and Finance: Course Highlights

Course Name Diploma in Banking and Finance
Course Level Diploma after Class 12 or Graduation
Duration 1 year
Examination Type Semester
Eligibility Bachelor’s degree or Class 12 or any equivalent examination with a minimum aggregate of 50% marks and above
Admission Process Merit List, Personal Interview or Entrance examination
Average Fees INR 10,000-40,000
Average Salary INR 3 to 7 Lakhs per annum
Top Recruiting Companies Banking Sector, Credit Administration, Auditing Departments, Corporate Banking Sectors, Financial Consultancies, etc.
Job Positions Financial Analyst, Credit and Risk Manager, Internal Auditor, Loan Counsellor, Administrative Officer, Financial Consultant, etc.
Why study Diploma in Banking and Finance?

Why study Diploma in Banking and Finance?

  • According to statistics, the Banking and Financial sector of the country is ever increasing and hence qualified candidates are required to serve in this sector, both in the government sector and private sector companies and organizations.
  • With the help of this course, students are trained in the basics of banking and finance and gain the required proficiency needed to work in the field.
  • Candidates develop skills to apply advanced quantitative techniques required in the working of the field, that is considered a prerequisite to advance the career in corporate finance, investment banking, and financial markets. 
  • Students learn both about the domestic and international banking fields in order to gain acquaintance of how the market functions in an economy and across the country’s financial credibility.
  • The presentations and case studies help them to develop interpersonal, cognitive and critical skills which are required to work effectively in this field.
  • After this course, candidates are imparted with the necessary skills of understanding, knowledge about the workings of economic markets and global financial system which helps them to land a credible job in the field of finance.

Course Comparison

Diploma in Banking and Finance vs Diploma in Accounting and Finance
  • Diploma in Banking and Finance vs Diploma in Accounting and Finance:

They both are diploma level courses of 1 year providing education and in depth knowledge in fields such as Banking, Accounting, Finance, etc.

Although these two courses are similar, there are differences between them in terms of syllabus and course curriculum.

Below table shows some of the basic differences between the two courses:

Parameters Diploma in Banking and Finance Diploma in Accounting and Finance
Course Overview This course is a diploma level course that provides training and increases the competence of students to evaluate the constant changes pertaining to finance, methods of dealing with the financial crisis as well as the basis for bailouts for various banks across the country This course is a diploma level course that makes students aware of different aspects of Accounting and Financial management policies which covers areas such as Fundamentals of Accounts and Finance, Indian Banking system, Use of technology in Accountancy and Finance, etc.
Eligibility Class 12 or Graduation with at least 50% Class 12 with at least 45-50%
Syllabus  Principles & Practices of Banking, Business Economics, Taxation, Business Law, Retail Banking, etc. Fundamentals of Accounting, Accounting & Audit Practice, Financial Risk Management, Indian Financial System, etc.
Average Fees INR 30,000- 60,000 INR 10,000-60,000
Average Salary INR 2-6 Lakhs Per Annum INR 2-6 Lakhs Per Annum

Know More: Diploma in Accounting and Finance

The career options after both these courses are the same, and students can find employment in the commerce sector in fields such as accounting, banking, finance, business consultation, etc.

Diploma in Banking and Finance Colleges

Diploma in Banking and Finance Colleges

Many colleges offer this Diploma course to the qualifying students in the mode of regular classes, correspondence, online and distance learning. 

Check the below table to know the top diploma in Banking and Finance colleges in India:

College Name Location Average Fees
NMIMS Navi Mumbai INR 51,200
National Post Graduate College Lucknow INR 15,000
Marthwada Mitramandal’s College of Commerce Pune INR 30,000
Greenway Institute of Management studies Dehradun INR 25,000
Indo Asian Academy Degree College Bangalore INR 50,000
New Arts, Commerce and Science College Ahmed Nagar INR 9,520
Subbalakshmi Lakshmipathy College of Science Maurai INR 40,000
Guru Kashi University Bathinda INR 55,000
Swami Vivekanand University Madhya Pradesh INR 23,100

College Comparison

The table below shows differences between some of the favourable colleges to pursue Diploma in Banking and Finance:

Parameters National Postgraduate College, Lucknow MIT College of Management, Pune New Arts, Commerce, and Science College, Ahmed Nagar
Overview It is the only autonomous college in Lucknow that enjoys the highest status of 'College with Potential for Excellence'. The college comes under the MIT Group of Institutes, which has around 72 institutes under its umbrella. They offer the students a unique holistic learning experience based on real corporate issues. It is one of the biggest and renowned educational institutes under Savitribai Phule Pune University.
Ranking #28 for commerce by the Week 2017 #122 for overall university ranking by Business Today 2019  -
Annual Fees INR 15,000 INR 20,000 INR 9,500
Average Placement Salary INR 2,50,000 INR 4,00,000 INR 1,92,000
Top recruiting companies Apex, Exil, HCL, iGATE, IBM, Wipro, i-flex, Genpact, South Indian Bank, TATA, etc. Bank of Baroda, Union Bank, Bajaj Allianz, Birla Sun Life Insurance, Bharti Axa Life Insurance, Angel Broking, Citi Bank, etc TCS, Hiphysics Laboratory, Terasoft Pvt. Ltd, Jubilant Chenosys, etc.

Return on Investment (ROI)

ROI Rank College Name Average annual fees Average placement offer
1 MIT College of Management, Pune INR 20,000 INR 400,000
2 National Postgraduate College, Lucknow INR 15,000 INR 250,000
3 New Arts, Commerce, and Science College, Ahmedabad INR 9,500 INR 192,000
Return of Investment (ROI) in some of the best colleges of Diploma in Banking and Finance

Source: Official College Website

Diploma in Banking and Finance Syllabus

Diploma in Banking and Finance Syllabus

The course curriculum covers various aspects of the banking and finance sector. The syllabus is a balanced divide between theory and case studies. 

The examination is held at the end of each semester with the submission of projects and assignments, the weightage of which will depend on the marks as prescribed by colleges.

A semester wise syllabus of this diploma course is mentioned below:

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

Know More: Diploma in Banking and Finance Syllabus, Books and Curriculum

Diploma in Banking and Finance Jobs & Career Options

Diploma in Banking and Finance Jobs & Career Options

After the successful completion of this course, graduates have opportunities to join reputed banking and investment sectors holding entry level positions in both government sector and private sector. 

They are trained in various aspects of Banking and Finance, making them an ideal person for jobs in stock markets, financial firms and much more. 

Students are rendered with skills of investments and financial management sectors, gaining knowledge of corporate finance, investments & securities, which can land them with higher paying jobs for both freshers and experienced professionals.

Read More: Diploma in Finance and Banking Jobs & Salary

Diploma holders have a wide arena of job scope in sectors of Banking, Corporate Banking, Financial Sector, Auditing Departments, Credit Administration and other such. 

They can work in the positions of Business Analyst, Internal Auditor, Loan Counsellor, Credit and Risk Manager, Stock Analyst, etc.

The table below shows some of the common jobs that you can get after the completion of Diploma in Banking and Finance:

Job Profile Job Description Average Salary per Annum
Loan Counsellor/Officer A Loan Counsellor assists clients to get a deeper insight into whether the loan suits the requirement of the clients or not. They also provide clients an understanding of loans, restrictions and repayment policies. INR 3 LPA
Securities Analyst They are active and abreast about the latest trends and news as well as about mergers and acquisitions, company’s financial stability and position in the market.  INR 4.7 LPA
Investment Banker They assist clients in aspects of mergers and acquisitions, issuing debt, selling equity and advising them regarding lucrative finance opportunities in the future. INR 8.41 LPA
Administrative Officer (AO) Their work includes providing administrative support to clients and managing their queries. They are also responsible for preparing reports, framing budgets and organization of company records. INR 3.49 LPA
Internal Auditor They are usually responsible for the auditing of internal documents, ensuring transparency and assisting companies in tallying their finances. INR 4.67 LPA
Recovery Agent They assist clients to recover their debt and property, working for individuals as well as organizations and companies. INR 2.5 LPA
Market Analyst They work in performing market research, gathering data to assist companies in meeting their target sales, evaluating and using statistical techniques to research market techniques. INR 3.55 LPA
Financial Analyst They are responsible to create financial models by gathering data, monitoring and creating a thorough report. Their work also includes identifying trends, forecasting and assisting companies in decision making with respect to finances. INR 4.46 LPA
Money Manager They are usually employed in top companies and responsible for the management of securities, researching, and monitoring of sales and assets of the company. INR 8.7 LPA
Credit and Risk Manager The work involves the development and processing procedures in order to reduce credit risk for financial institutions. It also includes building financial models which enable to predict the credit risk criteria for the organization. INR 18 LPA

Source: Payscale & Glassdoor

Average Salary Scale of Common Jobs after Diploma in Banking and Finance
Diploma in Banking and Finance Scope

Diploma in Banking and Finance Scope

The scope of employment in the Banking and Finance sector is much higher if the professional has some background in the field. Therefore, if you don’t want to pursue a Bachelor or Postgraduate degree, you should pursue this 1 year Diploma course to get the basic idea about the field

Various aspects like financial planning, asset management, retail banking, and other subjects are included in their syllabus, which makes the diploma holder best for introductory or entry level jobs. 

After some experience and clearing the banking exams, professionals are eligible to apply for senior level posts which can get them a salary of around INR 40,000-80,000 per month. 

But most of the diploma holders prefer to go for higher education because of so much competition and the qualification obviously helps a lot if getting higher pay jobs. 

You can go for one of the following degree courses in commerce after Diploma in Banking and Finance:

  • B.Com

B.Com or Bachelor of Commerce is an undergraduate degree for students who have a background in the commerce field. You can pursue this specialized course after completing the diploma course in specializations such as Accounting, Taxation, Computer Applications, Finance, etc.

  • Advanced certification courses

There are many certifications of 6 months that you can pursue such as Digital Banking, Asset Management, etc. These will make you expertise in that particular area and might help you to find a higher paying job.

If you have pursued this course after your graduation, you can opt for master degree courses such as M.Com or even MBA which helps you find career stability and increase your professional expertise and excellence.

Diploma in Banking and Finance: FAQs

Diploma in Banking and Finance: FAQs

Ques. How can I get a diploma in Banking and Finance?

Ans. Students interested to study this field can get admission in this course after going through an entrance examination or a personal interview round, after you have applied for the course by submitting the application form with your details and background either offline or online.

Ques. What are the subjects included in Diploma in Banking and Finance?

Ans. Some of the common subjects that are included in this 1 year course are:

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

Ques. Can I pursue a Diploma in Banking and Finance through correspondence?

Ans. Yes, you can pursue this course in a variety of ways such as in a regular mode, online or withe through correspondence. 

Ques. Does colleges provide assistance or placement in getting the jobs after doing Diploma in Banking and Finance?

Ans. Reputed colleges such as NMIMS provide placement opportunities to the diploma holders with the average salary compensation of around INR 3-4 LPA. But this is not the case in all the colleges, and hence students have to find employment on their own. They might get help and guidance from their teachers and colleagues on how to find the relevant jobs in the banking and finance sector.

Diploma in Banking & Finance Fee Structure in India


47.30 K (Minimum Fee)PUBLIC COLLEGES47.30 K  (Maximum Fee)
47.30 K (Average Fee)
9.52 K (Minimum Fee)Private COLLEGES44 K (Maximum Fee)
26.76 K (Average Fee)

Comments


5 Comments
N
neelam
hello, my name is neelam and I want to do this diploma and finance is there college in delhi? whith regular mode. I have completed my gradution from university of delhi. I need admission as well as soon
A
Aniket Ranjan

Diploma in Banking and Finance is a 1-year diploma level course that you can be done right after class 12th. Since you have done your graduation it would be easier for you to apply. This course deals with all the basic aspects of banking and finance. To know about college offering this program visit:- LIST OF DIPLOMA IN BANKING & FINANCE COLLEGES 

K
king star
Hi.My name is Surajit Majumder...i got 51% in my b.com..I want to do this diploma on banking and finance...is there any college in kolkata?...is there any distance mode? Plzz reply Really in need of counciling
P
pavan gugulothu
Hello my name is pavan I have completed my graduation I’m looking for a programme of POST GRADUATE DIPLOMA IN BANKING AND FINANCE so which college is offering this course and which College is best this course please let me know thank you contact:8886970071
S
sarfraj sheikh
Mera B.com me 45% hai Kya mai Diploma in banking and finance kar skata hu
S
shobhna chaturvedi
Hi Sarfraj, this depends on the college/university in which you are applying for admission as the minimum percentage criteria varies from college to college.
S
shahid khan
diploma in banking and financial admission full details in swami Vivekananda univesity sagar please. My contact number 8085590747 and my email address shahidkhan59533@gmail.com
S
shobhna chaturvedi

Hi Shahid, students with 50% aggregate in intermediate are eligible to apply. Admission is done on the basis of score in entrance exam conducted by the university. For further details, you may check Swami Vivekanand University Admission Details from here.

P
pavan gugulothu
Hi my name is pavan contact:8886970071 I have completed my graduation percentages of 70% Can I get admission in post graduate diploma in banking and finance I’m from ST CATEGORY without entrance test because of minimum cutoff marks for ST category not mentioned....mail id:pavaneee369@gmail.com
S
shobhna chaturvedi
Hi Pavan, this depends on the college/university in which you are applying for admission as the selection criteria for a particular course varies from college to college.

- NO MORE COMMENTS -