Course Overview
Diploma in Banking and Finance Course: A Diploma in Banking and Finance is a one-year diploma programme that can be completed immediately after high school graduation. The course covers the fundamentals of banking and finance and prepares students for careers in banking, finance, investment, risk management, insurance, computer application, information technology, and other fields. This course is open to students who have completed their 12th grade in any subject.
Students who have graduated within the last four months are eligible for this programme. Admissions are made on the basis of merit, with an interview following. This diploma course is only available on a regular basis on campus at a few colleges. This course is mostly completed online or by mail. This specialised diploma course is offered by a number of institutes and colleges. This post will teach you more about banking and finance.
Diploma in Banking and Finance Course – Why to consider this course?
Students must understand why should they consider the diploma in banking and finance course. For that, they must check the diploma in banking and finance course details.
- According to statistics, the Banking and Financial sector of the country has increased 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, candidates 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.
- They can 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 develop interpersonal, cognitive, and critical skills 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.
Diploma in Banking and Finance Course Details
| Degree |
Diploma |
| Full Form |
Diploma in Banking and Finance |
| Duration |
1 Year |
| Age |
Minimum 17 years |
| Subjects Required |
Principles & Practices of Banking, Business Economics, Taxation, Business Law, Retail Banking, etc |
| Minimum Percentage |
50% Scores in HSC |
| Average Fees |
INR 10,000-40,000 PA |
| Average Salary |
INR 3-7 LPA (Source: PayScale) |
| Opportunities |
Apex, Exil, HCL, iGATE, IBM, Wipro, i-flex, Genpact, South Indian Bank, TATA, ,Bank of Baroda, Union Bank, Bajaj Allianz, Birla Sun Life Insurance, Bharti Axa Life Insurance, Citi Bank |
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 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 |
Source: Official College Website
Course Comparison
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 |
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 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
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 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.
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 Course – Admission Procedure
Candidates Who Aspire To Pursue The Diploma Course Are Required To Fulfill These Criteria As Prescribed By Respective Colleges. Some Colleges Admit Students After Completing Their Graduation, And Some Colleges Admit Students After Completing Class 12, 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 Shortlist The Qualified Students For The Course. Some Of The Colleges Take Admission Based On The Marks Secured In The Qualifying Exam.
- Some Colleges Also Take A Personal Interview To Further Select The Candidates For Admission.
- Applicants Will Initially Have To Fill The Form Online As Well As Offline.
- All Important Information Including Admission Dates, Entrance Exam And Names Of Shortlisted Candidates Will Be Notified On The Website Or Via Email.
Diploma In Banking And Finance Eligibility Criteria
The Admission Conducting Authorities That Give Admission To Candidates Decide The Diploma In Banking And Finance Eligibility Criteria For Admission To The Diploma In Banking And Finance Course. It Is Important For The Candidates To Check The Course Eligibility Criteria In Order To Avoid Rejection At Any Later Stage. The Eligibility Criteria Include Requirements Based On Educational Qualification And Minimum Marks.
- Candidates Must Have Completed And Qualified In 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 Percent Marks And Above From A Recognized University Listed Under UGC/AIU Or Board.
Popular Entrance Exams For Diploma In Banking And Finance
Some Colleges And Universities Offer The Diploma In Banking And Finance Degree, Depending On Their Admission Requirements. The Best Colleges And Universities In India Offer Diploma In Banking And Finance Courses. A Test May Be Required For Admission. The Following Are Some Of The Most Popular Diploma In Banking And Finance Entrance Exams:
- NMIMS
- IIBF
- MIT
- JAIIB
- CAIIB
A Quick Glance At The Diploma In Banking And Finance Entrance Exams
Students Who Intend To Take The Entrance Exam For A Diploma In Banking And Finance Should Familiarize Themselves With The Test Pattern And Syllabus. Students Will Find It Easier To Pass Entrance Exams. Entrance Exams Usually Follow The Following Format:
The Paper Has 120 Questions .
Multiple Choice Questions [MCQs] Are The Type Of Questions.
There Is A Time Limit Of 2 Hours For The Test.
There Will Be Five Sections Of Questions.
The Section Includes Knowledge Testing, Conceptual Grasp, Analytical/logical Exposition, Problem-solving, And Case Analysis.
The Paper Carries A Total Of 100 Points.
For Each Section, Students Should Score 50 Out Of 100 Marks.
Preparation Tips For Diploma In Banking And Finance Course
Students Interested In Pursuing A Diploma Banking And Finance Course Should Prepare Well. Here Are Some Tips For Students Interested In Pursuing A Diploma In Banking And Finance:
Planning A Study Course: Students Can Balance Their Studies With Their Daily Lives By Creating A Study Course Plan.
Exam Paper Pattern And Syllabus Knowledge: The Knowledge Of The Exam Patterns And Syllabus Is Essential For Students To Perform Well In Their Exams.
Engage Fellow Students: Participate In Exchanges Of Knowledge With Other Students To Help Them Reduce Stress During Exam Times.
Interact With Professors: Professor Interaction Is A Great Way To Gain Insight Into Course Topics.
Practice Makes Perfect: To Gain A Deeper Understanding Of Taxation And Business Law, Students Must Practice A Lot.
Journals: Students Can Subscribe To A Weekly Journal To Keep Informed As The Course Includes Many Research-based Studies.
