DBF or Diploma in Banking and Finance is one of the best subjects to help you get a banking job. You must be dreaming to get a fantastic and secured job in the banking sector. It is tough of getting such a secured position unless you have a professional degree. This subject is aspiring and full of options. Once you complete the course, you will get a lucrative banking job in the top banks. To get admission to this course, you have to qualify for the exam that is being conducted by the Indian Institute of Banking and Finance. It is a prestigious job that comes with full opportunities.
Quick Review - Diploma in Banking and Finance
Particulars |
Details |
Course Name |
BAF |
Full Form |
Diploma in Banking and Finance |
Course Type |
Diploma |
Duration |
1 Year |
Eligibility Criteria |
12th Pass |
DBE Course Eligibility Criteria:
You have to secure some eligibility criteria for getting admission to this course. Let us discuss the actual eligibility of this course.
- You have to pass the 10+2 examination from a recognized board. This is the minimum qualification that is required for this course.
- In addition to this, you have to qualify for the Indian Institute of Banking Financial services. Until you pass this exam, you will be unable to get enroll in this course.
- However, there is no age limit for this course. You can join this course at any age. This is the reason why many people are found to join this course even after completing other courses.
- You must have good command of English and Mathematics subjects. It is the primary criteria for getting the job. This is much required for this course. You must have a clear conception.
Core Competency You Acquire While Studying Diploma in Banking & Finance
Before you decide about any course, you should understand what skills you would acquire and the domain of jobs. Below are more details about the same.
- In the Diploma in Banking & Finance, you learn about commercial & retail banking. You are taught about the banking products, and you are taught about the finance sector.
- The course also tells you about the financial crisis, the cause of that crisis and how to address the risk associated with the banking & finance sector.
- You learn many things about the banking sector, and you also learn about customer relationship management.
- The total course duration is one year, and it is delivered to you in two semesters. The exams are held for each semester. You can get a job in the banking sector, insurance sector, financial sector, consultancies, audit firms, or credit departments after completing a Diploma in Banking & Finance.
Admission Process for Diploma in Banking & Finance
If you plan to pursue a Diploma in Banking & Finance, you need to understand the admission process. This will prepare you for the steps that you need to take to get admission. You should note that the admission criteria & eligibility criteria would vary for each university, so you should also check the details on the individual university website.
- In most colleges, admission to Diploma in Banking & Finance is granted based on the entrance test. These entrance tests are conducted by the universities, and you would need to register for the test. After you clear the test, you will have to go through the personal interview & group discussions in some cases.
- Some colleges also offer admission on a merit basis, and in that case, the percentage in 12th would become the deciding factor for getting the admission. In any case, you would need to submit the application form and follow the process.
Preparing for Entrance Exam of Diploma in Banking & Finance
If the university you are opting for has an entrance test, you can check out the details below to help you prepare for the exam.
- The general syllabus of the exam would include English, general awareness, logical reasoning, some banking questions, and basic quantitative questions.
- You can start reading an English newspaper to help yourself with English and the general awareness part. Many books can help you practice quantitative skills, logical reasoning, and other baking questions.
- The paper has MCQ questions, and usually, the syllabus of class 11 and Class 12 is enough for you to prepare for the exam.
Job Opportunities & Salary after Diploma in Banking & Finance
Everyone wants a good job after completing their graduation, and we are sure that you would also be looking for the same. In this section, we will talk about the job opportunities and the salary information associated with the domain.
- Some of the job roles you can get after a Diploma in Banking & Finance include Assistant Manager, Relationship Manager, Banking Officer, Executive, Financial Analyst, Financial Consultant, Private Banker, or Backend Operator.
- The jobs would be restricted to domestic banks, but you will be able to get a job in the international banks. You can climb the corporate ladder as you grow. Moreover, after getting a certain level of experience, you can go for an executive MBA and improve your career path.
- The salary depends on the bank and the designation. The starting salary would be around Rs 2 Lakhs in the usual cases, but it can be higher depending on what institute you graduate from.
Top Colleges for Diploma in Banking & Finance
Below are some of the best colleges that offer Diploma in Banking & Finance. This way, you can target specific colleges and help yourself in getting a better package after the job.
*Please note that the fee may get updated, and the actual information is available on the college's website.
Diploma in Banking & Finance Subject
Knowing the subjects that you will learn during the course is always an exciting thing. In the section below, we have listed the general subjects that you will learn during the course.
Semester I |
Semester II |
Accounting & Finance |
Business Communication |
Business Economics |
Business Law |
Corporate Social Responsibility |
Information Systems for Managers |
Legal & Regulatory Aspects of Banking |
Marketing of Financial Services |
Organizational Behavior |
Retail Banking |
Principles & Practices of Banking |
Direct and Indirect Taxation |
Future Scope of Diploma in Banking & Finance
We have covered the job profiles, salary information, and other details about the Diploma in Banking & Finance. This section wants to enlighten you about the future scope of the Diploma in Banking & Finance. Go ahead and check out the points below.
- The course helps you specialize in the banking industry. You will learn core banking, and you need to be prepared to have some sales targets with you in the initial year of the job.
- You can specialize further in the banking domain as your career progresses, which will help you grow further.
- There are also many certification courses available after Diploma in Banking & Finance, and you can opt for those certification courses to gain domain-specific knowledge.
- If you would like to pursue higher education, you can opt for bachelor programs in the banking and finance domains. You can also go ahead and opt for a Masters Program post-bachelor. You will not be able to pursue Masters directly, but you will need to opt for a bachelor program first. We do recommend an MBA program if you would like to move towards the management side.
- Overall, the scope of the Diploma in Banking & Finance is excellent, and you can opt for the course if you have an interest in the banking industry. This way, you will be able to do what you love. The banking sector is also a growing sector, so you will have many opportunities in this domain.
Diploma in Banking and Finance FAQs
1. How to prepare myself Diploma in Banking and Finance?
In order to earn a diploma course in banking and finance, there are several important procedures that you must take.
- Make sure you are familiar with the content of the course as well as the requirements.
- Get an early start and make sure you give yourself enough time to study.
- Make a study schedule for yourself and stick to it.
- Become more organized and make effective use of modern technology.
- Participate in mock examinations using the actual testing environment.
- Ask for assistance from your other students and your tutors.
2. Can i earn a diploma in finance and banking through distance learning?
You are able to take this class in a traditional setting, on the internet, or through correspondence, so the answer is yes.
3. What are the prerequisites for enrolling in a program leading to a certificate in banking or finance?
Candidates that have achieved a passing grade in either the 12th grade or higher, such as a Bachelor's degree or another equivalent examination. This is completely dependent on the college, as some colleges welcome students with intermediary qualifications while others give preference to students who have graduated from their programs.