Diploma in Banking, Finance & Insurance Scope: Salary, Job Roles, Career after Diploma in Banking, Finance & Insurance

Akansha BishtSenior Executive
The Banking, Finance, and Insurance sectors of India are one of the most significant pillars of the nation's economic growth. India has the third-largest FinTech ecosystem worldwide. Being an ever-evolving and prospering field, a career after a Diploma course in Banking, Finance, and Insurance is bright and secure.
After completing a Diploma in Banking and Finance, students can pursue their career journey with a Bank, a CA firm, a finance department in an MNC, the share market, consultancies, etc. Some popular entry-level job profiles among BFSI students include Auditor, Loan Officer, Bank Manager, Risk Analyst, Portfolio Manager, Stock Manager, FOREX Specialist, and so on.
Diploma and Banking and Finance students can seek employment opportunities in both the government and private sectors; however, for positions like IBPS Clerk, RRB Clerk, SBI Clerk, or PO posts, candidates may need to have a bachelor's degree as well.
Top Career Profiles
According to a recent report, around 18 lakh job positions are vacant in the finance sector in India due to a lack of skilled professionals. With that, the BFSI sectors offer over 5 lakh job openings annually, helping skilled students find their dream job in the right sector.
| Job Profiles | Job Description | Average Salary | 
|---|---|---|
| Project Economists | Their role is to analyze the finances of an organization, guiding it in development projects to ensure economic efficiency and sustainability. They conduct research, prepare reports, and economic models addressing financial problems related to the production and distribution. | INR 7.2 LPA | 
| General Managers | GMs are responsible for overseeing the day-to-day operations of a business segment, department, or stand-alone retail location. They manage staff, map out strategies, and ensure their effective implementation. | INR 14.4 LPA | 
| Deputy Controller of Accounts | This is an officer position within a government ministry or department. The Deputy Controller of Accounts assists the Controller of Accounts to manage the financial operations within a department or an organization. | INR 24 LPA | 
| Financial Advisers | Their role is to assist and consult clients, helping them make informed financial decisions. They are into direct client interaction, financial plan development & analysis, portfolio management, etc. | INR 4.9 LPA | 
| Auditors | Their core job responsibility is to review and verify the financial records and compliance with the regulations of a company. They conduct audits of financial statements, evaluate the internal controls, etc. | INR 4.8 LPA | 
| Loan Officers | Their job is to assist clients, recommend loan applications, help them through the loan process, and ensure compliance with guidelines. They bridge the gap between clients and financial institutions. | INR 2.8 LPA | 
| Risk Analysts | Their job is to identify and assess potential financial risks to protect their company or client from any capital or goodwill loss. | INR 7.6 LPA | 
Salary data: Ambitionbox.com
Core Industries
A Diploma in Banking and Finance student has employment options in various fields other than banking. Here are some top recruiting industries that hire BFSI students for various job roles:
| Core Industries | Details | 
|---|---|
| Banks | Banking and Finance students can join both government and private banks through various job profiles. Banks are financial institutions facilitating people worldwide in making money transactions, deposits, withdrawals, and more. | 
| Insurance Companies | Insurance companies offer insurance policies and provide financial protection to people against unexpected events like accidents, illnesses, or natural disasters. In exchange for premiums paid by people or companies, they take on the financial risk of a covered event. | 
| MNCs | Multinational companies with thousands and lakhs of employees either outsource or have their own finance departments to tackle both internal and external financial affairs. | 
| Fintech | Fintech companies provide digital finance services to individuals and organizations. These features include digital payments, lending, investment management, insurance, etc. | 
Source: Multiple external sites, hence the info may vary.
Top Recruiters
There are countless companies around the world dealing in the Banking, Finance, and Insurance sectors. All these companies hire BFSI professionals for various job positions. Here are some top BFSI companies in India:
| Banks in India | ||
|---|---|---|
| State Bank of India (SBI) | Reserve Bank of India (RBI) | HDFC Bank | 
| ICICI Bank | Kotak Mahindra Bank | Axis Bank | 
| Insurance Companies in India | ||
| Life Insurance Corporation of India (LIC) | HDFC Life Insurance | ICICI Prudential Life Insurance | 
| Max Life Insurance | Tata AIA Life Insurance | Bajaj Allianz Life Insurance | 
| Fintech Companies in India | ||
| Paytm | PhonePe | Razorpay | 
| Zerodha | CRED | BharatPe | 
| MNCs in India | ||
| Tata Consultancy Services (TCS) | Wipro | Infosys | 
| HCL Technologies | Aditya Birla Group | Nestle India | 
Source: Multiple external sites, hence the info may vary.
Placements
Placements are a great way to kickstart the career journey with top companies and decent salary packages. Here are some top Diploma in Banking and Finance colleges in India offering great placement opportunities to students:
| Best Diploma in Banking Colleges | Average Package Offered | 
|---|---|
| S.P. Jain Institute of Management and Research, Mumbai Placements | INR 22.8 - 30 LPA | 
| International Management Institute, New Delhi Placements | INR 16.6 LPA | 
| IMT Ghaziabad Placements | INR 15 LPA | 
| FORE School of Management Placements | INR 15 LPA | 
| Garware Institute of Career Education and Development Placements | INR 15 LPA | 
| National Institute of Bank Management Placements | INR 15 LPA | 
| New Delhi Institute of Management Placements | INR 12 LPA | 
| IMI Bhubaneswar Placements | INR 12 LPA | 
| I Business Institute Placements | INR 12 LPA | 
| Boston Institute of Analytics Placements | INR 9 - 12 LPA | 
Source: Multiple external sites, hence the info may vary.
Diploma in Banking, Finance, and Insurance Career FAQs
Q. Which are the top job sectors for Diploma in Banking and Finance students?
A. BFSI students can go for many sectors according to their likeness and goals. Some big sectors where they can find jobs are government or private banks, cooperative banks, fintech companies, insurance companies, trading companies, consultancy firms, CA firms, MNCs, etc.
Q. What is the average starting salary for the Diploma in Banking course?
A. Diploma in Banking and Finance is pursued at UG and PG levels, hence, the earning potential of a Diploma holder also varies depending on their level of education. Students with a UG-level diploma in Banking can opt for an entry-level job with an average salary of INR 3 - 4 LPA, however, it will eventually increase with relevant experience and skills. 
Meanwhile, PG Diploma holders in Banking and Finance can go for government competitive exams and increase their salary and job position options. 
Q. Is there demand for Diploma in Banking and Finance course in the job market?
A. Of course, there's a high demand for Diploma holders in Banking and Finance in various BFSI sectors in India and abroad. The finance industry is growing worldwide, creating new job opportunities for skilled professionals in various domains.
Q. Which industries offer the highest salaries for Diploma in Banking, Finance, and Insurance course?
A. Diploma in Banking, Finance, and Insurance students get high-earning options in investment, financial advisory, risk management, and consulting firms. Job roles like Investment Banker, Risk Analyst, Auditor, Bank Manager, etc., generally offer lucrative salary options.
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News & Updates
Oct 14, 2025
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Beginner-Level 4
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- CFA (Chartered Financial Analyst)
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 - CPA or CMA (for accounting and financial planning)
 - Investment banking courses
 
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Yes, the 2024 placement report for National Insurance Academy has been released. Check out the table below to know more:
Particulars  | Placement Statistics (2024)  | 
|---|---|
Placement Rate  | 100%  | 
Students Placed  | 130  | 
the highest Package  | INR 22 LPA  | 
Average Package  | INR 12.30 LPA  | 
PPO's Offered  | 57  | 
Companies Visited  | 29  | 
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Particulars  | Placement Statistics (2024)  | 
|---|---|
Placement Rate  | 100%  | 
Students Placed  | 130  | 
the highest Package  | INR 22 LPA  | 
Average Package  | INR 12.30 LPA  | 
PPO's Offered  | 57  | 
Companies Visited  | 29  | 
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Particulars  | Placement Statistics (2021)  | Placement Statistics (2022)  | Placement Statistics (2024)  | 
|---|---|---|---|
Placement Rate  | 100%  | 100%  | |
Students Placed  | 92  | 98  | 130  | 
the highest Package  | INR 29.5 LPA  | INR 18 LPA  | INR 22 LPA  | 
Average Package  | INR 10.3 LPA  | INR 13 LPA  | INR 12.30 LPA  | 
PPO’s Offered  | 28  | 40  | 57  | 
Companies Visited  | 35  | 17  | 29  | 
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