Diploma in Banking, Finance & Insurance Colleges in India 2026: Fees, Admission, Courses

There are 400+ Diploma in Banking and Insurance colleges in India. Among these, 205 colleges are privately owned, 53 are owned by public/government organizations, and public-private entities own 10 colleges. Students can secure admission after qualifying their Class 12 exams, and also some colleges may admit students based on entrance exams such as CAT, XAT, MAT, CMAT, etc. Some popular Diploma in Banking and Insurance colleges in India include SPJIMR Mumbai, FORE School of Management, Welingkar Mumbai, BIMTECH, National Institute of Bank Management, ISBR Business School, Great Lakes Institute of Management in Gurgaon, Amity University Online, Jagdish Sheth School of Management, and many others.

Hi,to determine the No. 1 Diploma in Banking and Insurance colleges in India, check the below table along with their total tuition fees:

College Name	Total Tuition Fee
SPJIMR Mumbai Admission	INR 15 lakh – INR 24 lakh
FORE School of Management Admission	INR 18 lakh
Welingkar Mumbai (WeSchool) Admission	INR 1 lakh – INR 14 lakh
National Institute of Management Technology Admission	INR 13 lakh – INR 14 lakh
National Institute of Bank Management Admission	INR 14 lakh

It is estimated that joining Diploma in Banking, Finance and Insurance colleges in India can be affordable as most of the colleges have tuition fees of less than INR 1 lakh. Listed below are some of the colleges along with their fees:

Low-cost Colleges	Total Tuition Fee
National Insurance Academy	INR 9,000 - INR 18,000
Ramanujan College, University of Delhi	INR 5,000
IGNOU	INR 10,000 - INR 20,000
Institute of Distance Education, University of Madras	INR 12,000
Banaras Hindu University	INR 85,000

Joining Diploma in Banking and Insurance colleges in India can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their fees and average placement package:

College Name	Total Tuition Fee	Average Placement Package
SPJIMR Mumbai	INR 15 lakh – INR 24 lakh	INR 29 LPA – INR 32 LPA
FORE School of Management	INR 18 lakh	INR 14 LPA
Welingkar Mumbai	INR 1 lakh – INR 14 lakh	INR 9 LPA - INR 12 LPA
Birla Institute of Management Technology	INR 13 lakh – INR 14 lakh	INR 11 LPA
National Institute of Bank Management	INR 14 lakh	INR 11 LPA

ISBR Business School is generally considered a Tier 2 business school, although it is a well-regarded private institution with strong industry links and recognition in various surveys. It is approved by AICTE, AIU, and accredited by the NBA. ISBR is listed among the Top Business Schools of the Country and approved by AICTE, Ministry of HRD, Government of India.

Applicants should be aware that each institute may have different requirements for eligibility. People who want to apply to colleges or universities must visit their official website. Colleges that accept CAT, GMAT, MAT, or XAT scores for admission include IMI, ISB, and IIMP. On the other hand, some institutions offer direct admission based on merit.

Eligibility Criteria
10th Diploma	Candidates who passed the 10th class/equivalent from any recognised institute/board are eligible to apply.
UG Diploma	Candidates can obtain admission to UG Diploma on a merit basis. For instance, Colleges of Delhi University grants admission to candidates based on cutoff. The cutoff list is prepared based on the candidate’s score on the 12th boards.
PG Diploma/MBA	Candidates must have completed BCom/BBA/BBS/BA in Economics in any one of the subjects with a minimum of 60% in aggregate to qualify for the admission process.   Candidate must have completed Bachelor’s degree or equivalent with a minimum of 50% marks in aggregate in any discipline. Candidate must have obtained valid score in national/state level entrance exams- CAT/ GMAT/ CMAT/ ATMA/ MAT/ XAT/ IMI test score.

Actuarial Science is a specialised field that employs mathematical and statistical techniques to evaluate and control financial risks across various industries, with a focus on insurance and finance. Actuaries apply their expertise to assist companies in making well-informed choices related to investments, pricing strategies, and risk mitigation. Fresh graduates and experienced professionals are presented with a range of job opportunities in this field, encompassing diverse profiles.

Job Roles	Average Salary
Specialist Officers	INR 7 LPA
Investment Banker	INR 17 LPA
Financial Analyst	INR 5.7 LPA
Insurance Claim Adjuster	INR 3.2 LPA
Financial Consultant	INR 5.9 LPA
Insurance Claims Specialist	INR 3.9 LPA
Insurance Agent	INR 2.5 LPA

Disclaimer: The above mentioned salaries has been taken from Ambitionbox; therefore it may vary in future.

For admission to UG diploma, candidates are granted admission on a merit basis. There are no entrance exams for admission. Some of the top institutes in India grants admission on the basis of entrance exams. Some of the entrance exams that candidates must appear for are XAT, CAT, CMAT, ATMA, MAH CET, GMAT,  and so forth. 

The table below shows the private best colleges offering Diploma in Finance in India along with their total tuition fees:

Private Colleges	Total Tuition Fee
SPJIMR Mumbai Admission	INR 15 lakh – INR 24 lakh
FORE School of Management Admission	INR 18 lakh
Welingkar Mumbai (WeSchool) Admission	INR 1 lakh – INR 14 lakh
Birla Institute of Management Technology Admission	INR 13 lakh – INR 14 lakh
ISBR Business School Admission	INR 10 lakh – INR 12 lakh

 

Yes, the cutoff for Welingkar Mumbai has increased. In 2025, the last round cutoff for MBA admission at Welingkar Mumbai was 99.9. For the same course, the last round cutoff was 99.96 in 2024, while in 2023, the cutoff was concluded at 99.93.

The table below shows the government best colleges offering Diploma in Finance in India along with their total tuition fees:

Public/Government Colleges	Total Tuition Fee
IGNOU Admission	INR 10,000 – INR 20,000
IIRM Hyderabad Admission	INR 1 lakh – INR 10 lakh
Ramanujan College, University of Delhi Admission	INR 5,000
Banaras Hindu University Admission	INR 85,000
BSE Institute Limited, Mumbai Admission	INR 4 lakh – INR 7 lakh

 

Banking and finance institutes in India provide a wide range of specializations, including Finance, Sales & Marketing, Human Resources, Operations, IT & Systems, and many more. The specializations offered by the number of colleges are displayed in the table below:

Top Specialisations	No. of Colleges
Finance	186
Sales & Marketing	88
Human Resources	82
Operations	65
International Business	37

 

Banking refers to accepting and safeguarding the money owned by the entity or individuals.  Finance is a broad term that includes banking, money, capital market and so forth. Insurance is presented in a form of a policy in which an entity or individual receives financial reimbursement or protection against losses. Graduates with a Diploma in Banking, Finance, and Insurance can work in a variety of fields, including banking, insurance, and financial organizations. Banking associates, customer service representatives, insurance sales agents, and financial analysts are common examples of these occupations.

SP Jain Institute of Management and Research offers a welcoming atmosphere to students from diverse backgrounds. SPJIMR is one of the top MBA colleges in the country. SPJIMR Mumbai has well-trained and experienced faculty members who teach students from diverse states and backgrounds. OJAS, a highly-ranked college fest is also organised by SPJIMR to promote extra-curricular activities. Such cultural and creative activities create a welcoming space for students from diverse backgrounds.

FORE School of Management is known for its range of PGDM courses which are extended across specialisations such as International Business, Financial Management, and Big Data Analytics (BDM). As well as its institutional philosophy when it comes to facilities and infrastructure with students being provided all the necessary amenities and more to have a peaceful learning experience.

The table below shows the placement package offered by top recruiters participated in top Diploma in Banking, Finance and Insurance colleges in India:

College Name	Average Placement Package	Top Recruiters
SPJIMR Mumbai Placement	INR 29 LPA – INR 32 LPA	Castrol, KPMG, CISCO, Barclays, Godrej, etc.
FORE School of Management Placement	INR 14 LPA	Adani Group, Gartner, Asian Paints, Havells, etc.
Welingkar Mumbai Placement	INR 9 LPA - INR 12 LPA	Adani Group, Airtel, Amazon, Deloitte, Morgan Stanley, etc.
Birla Institute of Management Technology Placement	INR 11 LPA	ADP, Deloitte, KPMG, Wipro, Panasonic, etc.

Hi,

Actuarial Science courses are offered at many levels and in different disciplines.

Admission to most of courses is based on merit system but some MBA programs in Actuarial Science specialisation require exam like CAT, MAT, XAT, CMAT, ATMA, etc.

Admission to BSc, BCom, etc. is based on merit.

Chartered Accountancy and Actuarial Science are two different working fields of study that are related to finance. A professional in Actuarial Science deals with risk factors that can occur in future and mitigation techniques. Whereas, a Chartered Accountant is one who deals with financial impacts of past events.

Knowing major differences between Actuarial Science and Chartered Accountancy is important as finance aspirants might go for wrong field thinking both fields are similar.

EMPI Business School popular programme is PGDM. PGDM students are placed in top companies at KPMG, LT Foods, ITC Limited, PwC, and others. PGDM students can get job opportunities in Consultancy Firms,  Investment Banking, Corporate Finance, Banking Sector,  and others. 

Birla Institute of Management Technology is a private college. It is also known as BIMTECH and was established in 1988. It is the third institute in Greater Noida that has been granted with 'academic autonomy' by UGC.

According to official website desired entrance ranges would be: CAT, XAT: 80-96 percentile. Since the applicant pool varies in number and quality every year, the Safe Scores may vary as well. As a broad indicator based on the past experience, a 80+ percentile in XAT/CAT.

Great Lakes Institute of Management, Gurgaon, considers CAT, XAT, and CMAT scores for admission to its PGDM program. In the context of MBA courses at Great Lakes Institute of Management, Gurgaon, the eligibility criteria may include academic qualifications, work experience, entrance exam scores, and other factors such as past academic performance, essays, and personal interviews.

IMT Ghaziabad has well-educated faculty. Most of the faculty members at (Institute of Management Technology, Ghaziabad are PhD holders and have passed out from the eminent universities and institutes. At present, there are more than 50 faculty members working at IMT Ghaziabad.

College Events: Occasionally, Institute of Insurance and Risk Management hosts a variety of extracurricular activities. There are structured competitions such as declamations, debates, and symposiums. Every significant holiday is observed. All in all, it's enjoyable to be in college.
Campus Life: The fundamental amenities needed for education are also included in the campus infrastructure. There are large, air-conditioned conference rooms available. The learning process is aided by contemporary audiovisual equipment. There is a library with an extensive selection of resources. Language and IT labs are also available.

Admission: The results of the CAT, MAT, GMAT, and CMAT exams are used to determine admission. A round of interviews follows in order to narrow down the pool of prospects. 

Yes, NIBM Pune campus is safe for girls and boys. The college campus is located in Maharashtra. It has a good connection with roads and public transports. CCTV cameras are installed in the campus to keep a check on students safety. 

As per unofficial sources, Xavier Institute of Management and Entrepreneurship alumni are working in leading national and multinational companies such as Microsoft, Google, Amazon, Oracle, TCS, and brightening up the name of XIME globally. They work in various sectors such as Operations, Business Development, Marketing, Sales and more. Of all the sectors, 16% of alumni work in the Business Development sector. Additionally, 14% and 11% of alumni work in the Consulting and Sales sectors. The detailed sector-wise alumni placement record is shown below:

Note: The domain under the ‘Others’ category includes Operations, Sales, Human Resources, Marketing, Support, Research and Finance.

Admission to IMI Bhubaneswar is not possible without XAT as it is mandatory. Students can also apply through their CAT or GMAT scores. Apart from entrance exam, candidates also have graduation degree of 3 years duration or more with a minimum of 60% marks. Final year degree candidates can also apply and foreign nationals are only eligible through GMAT scores. 

Popular courses at Siva Sivani Institute of Management include:

1. MBA: Provides extensive management courses with good record in terms of placement.


3. PGDM in Marketing: Teaches students all the basic concepts and tools necessary for marketing, useful in the contemporary marketplace.


4. PGDM in Human Resources: Offers graduates education in HR for the management and development of human capital.


5. PGDM in Banking and Financial Services: Fulfills the requirements of the Finance industry informative on Banking and Investment solutions.

National Institute of Securities Markets has been rated 4.4 for faculty as per reviews by students. This represents that Institute has decent, qualified and experienced faculty members.

IBI has a balanced strength of faculty resources having 10-15 years of experience in academics and the industry. The faculty hail from institutions like IIMs, XLRI, IMT, Great Lakes Institute of Management, Symbiosis and big corporates. The Faculty at the Institute functions to bring about a right mix of theory, application along with proportionate practice which caters to the ongoing industry needs.