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Diploma in Banking & Finance is a course that was developed with the aim of passing the required knowledge to the students on the banking and finance sectors. The one to two year diploma program helps students to develop knowledge in areas such as accountancy, financial management, investment analysis, banking operation. The subjects and their mixes taught as part of this curriculum are financial accounting, risk management, capital markets, money and banking, marketing of financial services. The curriculum hopes to develop job readiness skills pertinent to the professional world of the BFSI industry.
There are no restrictions on the academic background of students; science or commerce students are welcome. Some of the institutions have even developed their own entrance examinations that students have to sit for. But there is a provision for students who have passed Class 12 from a recognized board as and when vacancies are available, they can directly walk in for an examination. Some of the recognized entrance tests that give the aspirants a chance to get admission to reputed colleges for the diploma include IPBS, NIIT IFBI , and Manipal Banking Program.
| Highlight | Detail |
|---|---|
| Full Form | Diploma in Banking and Finance |
| Duration | 1-2 years |
| Course Level | Diploma |
| Eligibility | 10+2 or equivalent with a minimum required percentage (usually 50%), or a bachelor's degree for some institutes |
| Top Colleges | Indian Institute of Banking and Finance (IIBF), NMIMS, Amity University, Symbiosis School of Banking and Finance, IFBI |
1. A candidate must have passed 10+2 examination from a recognized board in any stream with minimum 50% marks aggregate.
2. As for the students pursuing 10+2 they can apply in the college provisionally and the final admission will be based on the marks they secure.
3. There are no restrictions in terms of age to join the course and gain this valuable knowledge. It can be done by the trainees who have passed the 10+2 examination.
4. Accounts, economics, banking operations knowledge is preferred though not mandatory; good communication skills are essential.
5. Generally, the course period takes one year and at times the admissions are granted on the basis of an examination or an interview.
6. Some institutes also have preferences for those who make application for admission have prior experience in the banking and finance sector.
| Job Title | Average Salary (INR) |
|---|---|
| Loan Officer | 2,46,000 - 3,80,000 |
| Customer Service Representative | 2,00,000 - 3,50,000 |
| Credit Analyst (Assistant) | 2,50,000 - 4,00,000 |
| Wealth Management Associate | 2,80,000 - 4,50,000 |
| Banking Operations Clerk | 2,20,000 - 3,20,000 |
| Insurance Sales Agent (Banking Partner) | 1,80,000 - 3,00,000 |
