“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
— Albert Einstein
“He who fears he will suffer, already suffers because he fears.”
— Michel De Montaigne
“We think sometimes that poverty is only being hungry, naked and homeless. The poverty of being unwanted, unloved and uncared for is the greatest poverty.”
— Mother Theresa
“In seeking happiness for others, you will find it in yourself.”
“Yesterday is history, tomorrow is a mystery, today is a gift of God, which is why we call it the present.”
— Bill Keane
“Most people do not listen with the intent to understand; they listen with the intent to reply.”
— Stephen Covey
The way to get started is to quit talking and begin doing.
-Walt Disney
Tell me and I forget. Teach me and I remember. Involve me and I learn.
-Benjamin Franklin


Diploma in Banking and Finance Overview

The Diploma Course in Banking and Finance is usually a one year course that can be done right after a candidate passes his/her class 12th. The course deals with the foundational aspects of banking and finance and equips students with the functional knowledge required in the field of banking, finance, investments, insurance, computer application, risk management, IT and more.

Diploma Course in Banking and Finance is a comprehensive course related to the banking sector and finance sector and its ever-changing and evolving trends. This course trains students to have a wide perspective of the ever-changing trends in banking and finance. The course also teaches students how to deal with a financial crisis and the numerous economic particularities that are to be kept in mind and followed at different banks.

Diploma in Banking and Finance Details

The main aim of the banking and finance diploma course is to equip students with the practical knowledge and advanced skill set required in the sector of banking and finance along with the overall development of their skills required in the practice.

Students who have completed their class 12th in any field can get a Diploma in Banking and Finance. Often the admissions are based on merit followed by an interview. Some institutes also conduct their entrance exams for admissions in this diploma course. The Diploma in Banking and Finance is usually conducted online or in a correspondence mode. There are very few institutes that conduct the course program on campus.

Diploma in Banking and Finance Eligibility Criteria

The eligibility criteria for admission in the banking and finance diploma course is different for every institute but certain requirements must be followed by all candidates for taking admission in the banking and finance diploma course:

  1. Candidate must have passed their class 12th exams from a recognized board. Some colleges also require students to have a bachelor’s degree from a recognized university.
  2. The candidate must have obtained minimum passing marks in his/her class 12th examinations. If the institute requires the candidate to have a bachelor’s degree, he/she must have a minimum of 50% or above from a UGC recognized board or another equivalent board.
  3. The minimum age for getting a diploma in banking and finance is 17 years.

Diploma in Banking and Finance Duration

The duration of a banking and finance diploma course is one year. Depending upon the institute you select, you can either start the diploma course after you finish class 12th or after you finish your graduation.

The fees of the course vary widely in the country. Both government-aided and private institutes offer this particular diploma in banking and finance. The starting fees are approximately INR 20,000 and it can go up to INR 75,000 depending upon the choice of the institute.

Diploma in Banking and Finance Admission Process

Even though every institute has different admission criteria for their banking and finance diploma course, the common rules followed by them are as follows

  • Colleges offer admission to their candidates based on their class 12th results or their undergrad score i.e. based on merit.
  • If the institute offers admission based on the entrance test, then the candidate must clear the entrance exam to secure an admission.
  • Some institutes also choose to take a personal interview before finalizing the candidate’s admission after the candidate has met the criteria for either merit-based or entrance based admission.
  • The candidates can apply for the diploma course online, on the websites of the institutes as well as offline from the institute’s admin/admissions office.

Diploma in Banking and Finance Scope

After completing a diploma course in banking and finance, the candidate will have a wide range of opportunities ahead of them. If one doesn’t wish to pursue a degree in post-graduation, this diploma course is a great option to go for after completing undergrad.

Furthermore, after completing this one year course, candidates can also apply for entry-level jobs. A Diploma in Banking and Finance prepares the candidate in various settings such as financial planning, retail banking, asset management, etc. After gaining some experience in the field of finance and banking, a candidate can easily obtain a job with a salary of around INR 40,000-80,000 in a month.

A diploma holder can also go for higher education if he or she wishes to get a higher paying job. A candidate with a diploma in banking and finance can get a degree in Bachelor of Commerce or a degree in Masters of Commerce or even an MBA degree.

Diploma in Banking and Finance Job and Salary

Diploma in Banking and Finance students have an array of opportunities ahead of them in the job sector. A candidate can land a job in the auditing sector, banking, corporate banking, credit administration, etc.

Candidates with a Diploma in Banking and Finance can work as a Business Analyst, Credit and Risk Manager, Internal Auditor, Loan Counsellor, Stock Analyst, etc.

The salaries in these job positions vary anywhere between 3LPA to 18LPA depending upon the candidate and the job.

FAQ’s on Diploma in Banking and Finance

Question 1.
Which are the top 3 institutes for getting a diploma in banking and finance in India?

Answer:
The top 3 institutes for getting a diploma in banking and finance in India are NMIMS, NAVI Mumbai; National Postgraduate College, Lucknow and MIT College of Management, Pune.

Question 2.
Can we pursue a diploma in banking and finance through correspondence?

Answer:
Yes, one can pursue this diploma course through correspondence if the institute that the candidate has chosen has this option available.

Question 3.
Will I get a placement through the institute after completing the diploma?

Answer:
If you have a respectable score, you will get a decent placement after completing the course in corporate or government organizations.

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