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The Advanced Diploma in Banking and Insurance is a one-year diploma course that is designed to expose the students to the knowledge and principles that govern the banking and insurance industries. Some of the focal courses include; accounting, economics, banking operations, principles of insurance, financial management, marketing management. In addition to theoretical knowledge, the students get practical experience through the case studies, Projects and internships in banks, insurance companies and other financial organizations.
The least entry qualification is a 10+2 passed in any stream from a recognized board of education. Some of the institutes which accept the national level entrance exams are IBPS RRB, SSC CGL besides national level exams, many state level exams are also conducted by manipal academy of higher education and other private institute. The course develops numerous competencies enabling students to secure employment with banks, insurance companies, brokerage houses.
| Feature | Description |
|---|---|
| Full Form | Advanced Diploma in Banking and Insurance |
| Duration | 6 months - 1 year (full-time or part-time) |
| Course Level | Diploma (Advanced) |
| Eligibility | Graduation degree (any stream) from a recognized university with a minimum percentage of marks |
| Top Institutes (India) | Indian Institute of Banking and Finance (IIBF) Mumbai, National Institute of Bank Management (NIBM) Pune, Yashwantrao Chavan Maharashtra Academy of Cooperative Research (YCMACR) Pune, Institute of Insurance and Risk Management (IIRM) Mumbai |
1. Intermediate pass in any group from a recognized board with minimum 50% marks.
2. The course is also open for any graduate regardless of the discipline that he or she majored in.
3. The application of the course is not pegged on age limit hence one is free to apply for the course at any age.
4. This is however not a requirement as the basic understanding of banking, finance and insurance concepts will do.
5. Should be able to possess good interpersonal skills to explain the financial products and services offered to consumers.
6. Those who are appearing for their final Class 12 examinations can also apply for the course on a provisional basis pending the fulfillment of requirements after results are released.
| College Name | Location | Fees (INR) (Estimated) |
|---|---|---|
| National Institute of Bank Management (NIBM) | Pune | 2.5 lakhs - 3.5 lakhs |
| Bankers Institute of Rural Development (BIRD) | Lucknow | 50,000 - 70,000 |
| National Academy of Indian Banking (NAIB) | Jaipur | 50,000 - 70,000 |
| Institute of Banking & Finance (IBF) | Mumbai | 70,000 - 90,000 |
| College of Insurance Studies (CIS) | Pune | 1 lakh - 1.5 lakhs |
| Insurance Institute of India (III) | Mumbai | 50,000 - 70,000 |
| National Insurance Academy (NIA) | Pune | 50,000 - 70,000 |
| National Academy of Agricultural Insurance Management (NAAIM) | Hyderabad | 50,000 - 70,000 |
| Sardar Patel Institute of Economic & Social Research (SPIESR) | Ahmedabad | 50,000 - 70,000 |
| Symbiosis School of Banking & Finance (SSBF) | Pune | 50,000 - 70,000 |
| College Name | Location | Top Recruiters | Average CTC (INR) |
|---|---|---|---|
| National Institute of Bank Management (NIBM) | Pune | ICICI Bank, HDFC Bank, Axis Bank, SBI | 6-8 lakhs |
| Bankers Institute of Rural Development (BIRD) | Lucknow | NABARD, RBI, SIDBI, Grameen Koota | 4-6 lakhs |
| National Academy of Indian Banking (NAIB) | Jaipur | Bank of Baroda, Canara Bank, Union Bank of India, PNB | 4-5 lakhs |
| Institute of Banking & Finance (IBF) | Mumbai | HSBC, Citibank, Standard Chartered, Yes Bank | 5-7 lakhs |
| College of Insurance Studies (CIS) | Pune | LIC, HDFC Life, ICICI Prudential, Bajaj Allianz | 4-6 lakhs |
| Insurance Institute of India (III) | Mumbai | Tata AIA Life, Max Life Insurance, Birla Sun Life, SBI Life | 4-5 lakhs |
| National Insurance Academy (NIA) | Pune | New India Assurance, Oriental Insurance, United India Insurance, GIC Re | 4-5 lakhs |
| Specialization | Average Salary Range (INR) |
|---|---|
| Retail Banking | 3-4 lakhs |
| Corporate Banking | 5-7 lakhs |
| Investment Banking | 6-8 lakhs |
| Claims Adjuster | 3-4 lakhs |
| Underwriter | 4-6 lakhs |
| Actuary | 6-8 lakhs |
| Financial Advisor | 4-6 lakhs |
| Risk Analyst | 4-5 lakhs |
| Wealth Manager | 8-10 lakhs |
