Diploma in Financial Management Course, Admission, Top Colleges, Jobs and Salary

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Sounak Banerjee

Content Curator | Updated on - May 27, 2021

Diploma in Financial Management can be classified as a 1-year diploma program, studying financial management theories and financial decision tools and practices that help them to interpret financial statements.

Checkout: Top Colleges offering Diploma in Financial Management

Admission to Diploma in Financial Management courses depends upon the candidate’s performance during a relevant entrance examination and resulting round of counseling. They must have a minimum eligibility of 10+2 from any recognized institute or its equivalent exam.

Note: Students who wish to pursue their education in Management field or get a career boost, can check MBA course

The average fees for Diploma in Financial Management in different colleges and universities range from INR10,000 to INR 8 lakhs. However government institutes may charge less fee as compared to the private ones.

Diploma in Financial Management graduates are hired in capacities like Financial Services & Research Analyst, Management Trainee, Finance Assistant & Accountant, Project Coordinator amongst many others. The average salary ranges from INR 3.2 LPA to INR 5 LPA.

Post completing Diploma in Financial Management, graduates can opt for MBA, PG Diploma and other courses in the related field. Later, they can also opt for a Phd in Finance.

Diploma in Financial Management: Course Highlights

Course Level Diploma After Graduation
Full Form Diploma in Financial Management
Duration 1 year
Examination Type Semester/Final exams at the end of year
Eligibility 10+2 or equivalent pass out candidates with a minimum of at least 50%.
Admission Process Entrance exam and Merit Based
Average Fees Between INR 10,000 and 8,00,000
Average Annual Salary INR 2 – 8 LPA
Top Recruiting Areas Amazon, Snapdeal, JustDial, Concentrix, Airtel, Foodpanda, Micromax, Samsung, IBM, HCL, TCS, Adobe, Himalaya, Dabur, Blue Dart, Big Bazar, Impact QA etc.
Top Job Areas Colleges & Universities, Front Offices, Management of Companies, Banking Sector, Self-employment etc.
Job Positions Financial Services & Research Analyst, Management Trainee, Finance Assistant & Accountant, Financial Consultant, Financial Accountant, Market Analyst, Investment Analyst, Loss Control Specialist etc.
Admission Process

Diploma in Financial Management: Admission Process 

Admissions to the Diploma in Financial Management course is mainly done on the candidates merit basis which includes the share of marks obtained by the candidate in school 12th or equivalent level examinations. Few institutes go for a qualifying entrance examination conduct for grant of admission.

  • Some Institutes/Colleges conduct their very own entrance test for the process of admission of candidates to the course hence students would need to fill an application for such exams.
  • The aspiring students need to qualify these entrance exams (for which they ought to be eligible to appear) so as to take admission within the course.
  • After the entrance exam is conducted, a merit list of the qualified candidates is prepared and these qualified candidates are invited for the admission process by the respective institutes or universities.
  • After the final allotment of all the seats to the candidate takes the candidates are asked to deposit the fee for the course and register for the respective school year .
  • However, in most universities , the admission process would be a very easy and non-tedious task which might involve merit-based admission within the course.

Diploma in Financial Management: Eligibility Criteria 

  • The Candidate must have passed the 10+2 or equivalent level examination with a minimum of 50% (40% to 45% for reserved category candidates) of the marks at 10+2or equivalent level from a recognized state or central board.
  • The aspiring students should not have any backlog in any of the subject/s in the class 12th or equivalent level that's yet to be cleared at the time of taking admissions.
  • In case of reserved category students, the candidates might need to present their reservation certificates issued by the competent authorities so as to avail the advantages applicable to them.
What is it about?

Diploma in Financial Management: What is it about?

  • Diploma in Financial Management course is meant as a basic management course covering functional areas of management with quantitative and conceptual inputs.
  • The program is specialized to make a basic integrated perspective of the managerial functions and supply candidates an institution for pursuing managerial duties and further studies.
  • The Candidates who after finishing the course are also able to develop the financial management mechanisms that conduct reviews and also reduce financial risk; they can evaluate for cost-reduction opportunities, etc.
  • After Diploma in Financial Management, graduates are hired as Financial Services & Research Analyst, Management Trainee, Outbound Debt Management Specialist or Agent, Project Coordinator amongst many others.
  • The average salary offered to Diploma in Financial Management graduates is INR 3.5 LPA to INR 5 LPA, which may gradually increase upon the experience.
Top College

Diploma in Financial Management: Top College

Diploma in Financial Management: College Comparison

Parameter Indian School of Business Management and Administration University of Mumbai
Objective ISBMA is a reputed college for the outstanding calibre of students graduating from its UG and PG programmes. The institute attracts the best students from the country for its UG, PG and Phd programmes. Mumbai University Was established in 1857 and has been accredited with ‘A’ grade by the NAAC. In addition, 56 university departments and more than 781 have been recognized by MU.
Location Bangalore Mumbai
NIRF Ranking 17 11
Average Annual Fees INR 2.19 lakh INR 4.2 lakh
Average Annual Placement INR 10 LPA INR 8 LPA
Top Companies Participating Amazon, Snapdeal, JustDial, Concentrix, Airtel, Foodpanda, Micromax, Samsung, IBM, HCL, TCS, Adobe, Himalaya, Dabur, Blue Dart, Big Bazar, Impact QA etc.

Diploma in Financial Management: Course Advantages

The goal to attain a Diploma in Financial Management degree will depend on each individual’s aspirations and goals. Some of the reasons to pursue Diploma in Financial Management course are as follows.

  • Reputed profession: Diploma in Financial Management is a high demand field where skilled graduates are able to find open job positions immediately. Any candidate with the determination to excel in the field will find success soon.
  • High pay: Average packages for Diploma in Financial Management graduates are on the higher side for both private and public organizations.
  • Career opportunities: A Diploma in Financial Management graduate is able to pursue a diverse array of career opportunities. The graduate can choose to become a Financial Services & Research Analyst, Management Trainee, Finance Assistant & Accountant, Outbound Debt Management Specialist or Agent,etc
  • On completion of this program: The Diploma in Financial Management graduate will be able to get good salary packages ranging between INR 2,00,000 and INR 8,00,000 depending on candidate’s expertise in the field. The salary keeps on increasing gradually with the graduates’ experience in the field and their skill set.

Diploma in Financial Management: Course Comparison

Below given is a comparison between Diploma in Financial Management and Diploma in Accounting and Finance on the basis of a few parameters.

Checkout: Top Colleges offering Diploma in Accounting and Finance

Parameters Diploma in Financial Management Diploma in Accounting and Finance
Duration 1 year 1 year
Focus Area It focuses on imparting holistic knowledge in regards to the fundamental concept and principles of the finance It equips a candidate with a diploma degree in Accounting and Finance. This course is more of a professional course rather than an academic one
Admission Criteria Entrance exam and Merit Based Merit-based/Entrance Exam
Eligibility Criteria Passed their 10+2 from a recognized board/institute Passed their 10+2 from a recognized board/institute
Average Course Fees INR 10,000 - 8,00,000 INR 10,000 - 5 lacs
Job Options Financial Services and Research Analyst, Management Trainee, Finance Assistant and Accountant, Market Analyst, Investment Analyst, Loss Control Specialist etc. Book-Keeping Clerk, Billing Clerk, Tax Accountant, Financial Advisors, Financial Assistant and Accountant, Business Consultant, Chief Financial Officer, Certified Public Accountant, Finance Managers, etc.
Areas of employment Colleges & Universities, Front Offices, Management of Companies, Banking Sector, Self-employment etc. Market Research Firms, Public Accounting Firms, Corporations, Consultancy Services, Research Organisations, Accountancy Firms, etc..
Average Placement Package INR 2 – 8 LPA INR 3 – 6 LPA
Syllabus

Diploma in Financial Management: Syllabus

Semester I Semester II
Financial Reporting and Control (Accounts) Capital Markets
Quantitative Methods Financial Institutions
Managerial Economic Corporate Tax Planning
Managerial Finance Investment Planning & Management
International Economy & Finance Risk Management

Diploma in Financial Management: Recommended Books

Name of the book Author
Financial Management: Problems in Accounting Pearson
Capital Market K. Thomas Liaw, Shroff
Corporate Tax Planning Mahesh Chandra Prasad
Risk Management S k Podder,Shruthi P,
Job Prospects

What are Job Prospects and Career Options after Diploma in Financial Management?

Job Profile Average Salary
Financial Service Analyst INR 3-4 Lacs
Management Trainee INR 3-4 Lacs
Financial Assistant INR 2-4 Lacs
Finance Manager INR 9-10 Lacs
Accountants INR 2-3 Lacs
Future Scope

Diploma in Financial Management: Future Scope

  • Candidates can opt for full time on campus courses, such as BBA, MBA or any other Postgraduate Diploma courses in the related field
  • Later, they can also apply for Phd courses that will provide them a doctorate degree and the candidates can research in the related field.
FAQs

Diploma in Financial Management: FAQs

Ques. What is the average fee for a Diploma in Financial Management course ?

Ans. The course fees for Diploma Diploma in Financial Management is between INR 10,000 To 8,00,000. However the government colleges have less fees as compared to the private ones.

Ques. What are the subjects in Diploma in financial management?

Ans. Subjects studied during Diploma in financial management are Accounting, Financial Analysis, Basic Microeconomics, Money, Credit, and Banking, etc.

Ques. What are the skills do students pursuing Diploma in financial managers need?

Ans. Successful finance managers are adept at several of the following skills such as Leadership, Problem solving, Communication, Analysis, Interpersonal skills. etc.

Ques. What is the minimum course fees for a Diploma in Financial Management in Public Colleges?

Ans. The minimum course fees for Diploma in Financial Management in public colleges in INR 22,000.

Ques. What is the average salary of Diploma in Financial Management graduates?

Ans. The average salary offered to the fresh graduate of Diploma in Financial Management is INR 3 LPA. However with few years of experience, they can expect a salary of INR 5-8 LPA.

Diploma in Financial Management Fee Structure in India


2.20 K (Minimum Fee)PUBLIC COLLEGES50 K  (Maximum Fee)
26.10 K (Average Fee)
7.90 K (Minimum Fee)Private COLLEGES62 K (Maximum Fee)
20.13 K (Average Fee)

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Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool] (1)
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8.7 /10

College Events :

As the Institute is a management orientated institute they celebrate each and every festival in which the students manage the events this is one of the important things which helps the students to get knowledge or gets the same pressure which they would be feeling if they reach a higher level in an organization where they have to Manage the events like this. In the Institute every event is celebrated with Joy and fun along with knowledge.

Entrance Preview :

I have opted this college for Post Graduation Diploma in Financial Management. The Faculty is very good which is one of the important reason for opting this college. The is one of the most reputed institutes in the field of Management. Completing our courses from this institute helps in building the career more easily. There is the placement for the courses.

Campus Life :

The college is having a good campus and also a Sports club in front of the college which helps the students to involve in sports activities also. There is gender equality in the college campus all Students are treated the same. Until now I have not seen any racism in the college campus Which is the plus point of college.

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Comments


1 Comments
M
madhusudhanarao ch
Can it be done through correspondence course
D
Diya Suresh

Yes there are few Universities (or colleges) that intakes eligible candidates for diploma course in correspondence mode. For selection, you need to satisfy eligibility norms of the particular institute as well as qualify the entrance test conducted by them. Many colleges admits students in direct mode as well. Some of the suggested colleges are as follows:

  • NIMS University, Jaipur
  • NIFM, New Delhi
  • BIMS, Alwar
  • ISBM< Gwalior and many more

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