Diploma in Banking and Finance: Opening the Doors to a Plethora of Job Opportunities
18-Oct-2022
AUTHOR - New Delhi YMCA
The ever-increasing complexity, as well as changes occurring every other day in the field of banking and finance, have created never-before demands of the new generation of banking and finance professionals in contemporary times. A Diploma Course in Banking and Finance is a very innovative and comprehensive program that prepares students to take on all challenges in the modern banking and finance sector.
This program not only aims at equipping students with all the required managerial and technical skills but also provides them with comprehensive knowledge of each aspect associated with the operations of the banking and finance sector. During the Diploma in Banking and Finance, ample stress is laid upon modern practices like Micro Finance and Global perspective in Banking and Finance intending to provide students with deeper insights into the contemporary banking industry trends.
Program structure at a glance
This 1-year Diploma Course in Banking and Finance has been designed to provide all the participants with a complete overview of the banking and finance sector while aiming at a solid foundation that’s required not only for entry-level jobs but also for accelerating the growth of participants who are pursuing other programs. Apart from imparting deep knowledge and a comprehensive understanding of the actual challenges of the banking and finance sector, the program also enlightens students on their self-development and advancement.
The program has been structured into two semesters covering the following:
Semester-1
· Management Theory and Practice
· Organizational Behavior
· Marketing Management
· Business Economics
· Financial Accounting & Analysis
· Information Systems for Managers.
Semester-2
· Commercial Banking System & Role of RBI
· Corporate Finance
· Financial Institutions and Markets
· Retail Banking
· Insurance & Risk Management
· Business Law.
Admission Parameters for Diploma in Banking and Finance
The eligibility requirements for a diploma in banking and finance include the following-
· Candidates must have passed the 10+2 examination with at least 50% marks.
· The Class 12 passing certificate must be issued by any recognized board in the country.
Admission Process at a glance
Most colleges and institutions in India offering a Diploma in Banking and Finance grant admission based on the candidates’ performance in the entrance examination that is held at centers across the country. Some colleges offer admission based on merit also.
Candidates who live up to the criteria in the entrance examination are further called for the selection procedure. As far as merit-based admissions are concerned, candidates’ overall performance in Class 12, as well as 10th examinations, is what that is taken into account for evaluation. Some colleges and institutions also conduct personal interviews and group discussions to grant admission to the program.
The Positive Sides of Diploma in Banking and Finance Course
A Diploma in Banking and Finance earned from any reputed college or institution equips students with all the required knowledge and skills to be successful bankers or get entry into reputed financial institutions not only in India but also abroad. The students in the program learn to understand the ongoing banking and finance market trends to make well-informed decisions for the organizations they would be working for. The course is considered to be a great value addition to your existing knowledge and skills in the banking and finance sector while providing all the knowledge about the complex and intriguing concepts that you will be dealing with in the times to come.
Syllabus at a glance
There are no standards set for what is to be covered and taught during the banking and finance course, be it a certificate or diploma. Some reputed colleges and institutions offering a Diploma course in Banking and Finance cover the following in their syllabus-
Principles and Practices of Banking and Finance Management
Diploma Course in Banking and Finance aims at providing students with comprehensive knowledge about the key roles as well as responsibilities of banking and finance managers while offering all the required tools and techniques to take on real-world challenges in various managerial positions.
Management Accounting
Diploma Course in Banking and Finance also provides students with all the required understanding of the nature of modern management accounting and its key purposes. The students are taught how they can classify and record the different cost quotients.
Managerial Economics
The students during Diploma Course in Banking and Finance learn in detail about-
· How markets work
· The concepts of demand and supply
· Market equilibrium
· Taxes and subsidies
· Production of goods and services
· Opportunity cost
· Cost and various other economic concepts.
Indian Banking and Financial Systems
The diploma in Banking and Finance explains in detail how the Indian banking ecosystem works. The course enlightens students about each aspect of the Indian banking and financial systems and the ways they are operated.
Banking Regulations and Laws
A diploma in Banking and Finance lets students know in detail about the different banking rules and regulations that the government has set for the proper and legitimate functionality of the entire banking ecosystem. Knowing these rules and guidelines for each banking financial institution across the country is necessary for students.
Research Methodology and Statistical Quantitative Methods
A diploma in Banking and Finance also provides students with knowledge in greater detail about-
· Common research methodologies
· Statistical analysis tools
· The applications of effective and optimal research methods.
Project and Infrastructure Financing
With the ever-increasing growth in the economy, banking, and financial institutions across the country are making huge investments in project financing. A diploma in Banking and Finance provides students with advanced skills in the field of project appraisal as well as financing. These skills strengthen their practical knowledge base in infrastructure and project financing.
Conclusion
A Diploma Course in Banking and Finance opens the door to a plethora of job opportunities in the banking and finance sector. Although any student with at least 50% marks in the 10+2 examination can opt for this diploma, it is the aptitude that makes all the difference. Those interested must have a flair for banking, finance, commerce, and economics as well. And last but not least, an important factor is that they must choose an institution of repute to actualize their dreams.