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

Updated on May 29, 2025 02:08 IST
Akansha Bisht

Akansha BishtSenior Executive

The Banking, Finance, and Insurance sectors of India are pillars of India's economic growth. The country has the world's third-largest FinTech ecosystem. After completing a Diploma in Banking and Finance, go for a career in a Bank, a CA firm, a finance department in an MNC, the share market, consultancies, etc.

Some popular entry-level job profiles you can explore being a BFSI student are Auditor, Loan Officer, Bank Manager, Risk Analyst, Portfolio Manager, Stock Manager, FOREX Specialist, and so on. If interested, continue reading the article. 

Top Career Profiles

Here are some top jobs in India for a Diploma in BFSI student you can explore.

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 the 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

You have many employment options in various fields other than banking. Here are some top recruiting industries that hire BFSI students.

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 give digital finance services to individuals and organizations. These features include digital payments, lending, investment management, insurance, etc.

Note - The info is taken from external sites and can change. 

Top Recruiters

Here are some top companies in India where you can seek a job after you complete your Diploma in BFSI. 

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

Note - The info is taken from external sites and can change. 

Placements

These are how you kickstart the career journey with top companies and decent salary packages. Here are some top Diploma in Banking and Finance colleges in India with good placement options. 

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

Note - The info is taken from the official sites of the colleges.

Table of contents
  • Popular Diploma in Banking, Finance & Insurance Colleges in India
  • Popular Private Diploma in Banking, Finance & Insurance Colleges in India
  • Popular Exams
  • Popular Diploma in Banking, Finance & Insurance Specializations
  • Most Popular Courses
  • Popular Diploma in Banking, Finance & Insurance UG Courses
  • Popular Diploma in Banking, Finance & Insurance PG Courses
View More

Popular Diploma in Banking, Finance & Insurance Colleges in India

Following are the most popular Diploma in Banking, Finance & Insurance Colleges in India. Learn more about these Diploma in Banking, Finance & Insurance colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
10.5 L - 12.5 L
4.2
1 Course
12.7 L
3.8
2 Courses
14 L
3.6

Banking, Finance & Insurance Applications open. Apply Now

4 Courses
23.24 L
15.2 LPA

Banking, Finance & Insurance Applications open. Apply Now

2 Courses
16 L - 22.5 L
32.85 LPA
7 Courses
8.75 L - 9 L
4.5

Banking, Finance & Insurance Applications open. Apply Now

Popular Private Diploma in Banking, Finance & Insurance Colleges in India

8.15 L

Banking, Finance & Insurance Applications open. Apply Now

2 Courses
12.85 L
3.9
Ranked 4th in North India Pvt B-Schools. Highest CTC 16L. Placements-ICICI,Deloitte,S&P Global
7 Courses
8.75 L - 9 L
4.5

Banking, Finance & Insurance Applications open. Apply Now

19.94 L
10.75 L
9.8 LPA

Banking, Finance & Insurance Applications open till Apr 2, 2026. Apply Now

4 Courses
23.24 L
15.2 LPA

Banking, Finance & Insurance Applications open. Apply Now

Popular Exams

Following are the top exams for Diploma in Banking, Finance & Insurance. Students interested in pursuing a career on Diploma in Banking, Finance & Insurance, generally take these important exams.You can also download the exam guide to get more insights.

7 Apr ' 26

CFA 2026 February Level 3 Result

1 May ' 26

CFA 2026 Level 1 May Rescheduling Deadline

To Be Notified:

AMU Entrance Exam 2026 admit card for BA LLB

TENTATIVE

26 Apr ' 26

AMU Entrance Exam 2026 Exam Date - BA LLB

To Be Notified:

URAT PG 2026 Application Process (Phase 1)

TENTATIVE

To Be Notified:

URAT PG 2026 Admit Card & Time Table

TENTATIVE

Popular Diploma in Banking, Finance & Insurance Specializations

Following are the most popular Diploma in Banking, Finance & Insurance Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Popular Diploma in Banking, Finance & Insurance UG Courses

Following are the most popular Diploma in Banking, Finance & Insurance UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Diploma in Banking, Finance & Insurance PG Courses

Following are the most popular Diploma in Banking, Finance & Insurance PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

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Answered 5 days ago

Finance is the top specialisation offered by various private BBA colleges in Maharashtra. Given below are some of the top colleges with their tuition fees -

Top CollegesTuition Fee
FLAME UniversityINR 22.2 Lacs - INR 37.5 lakh
Symbiosis Centre for Management StudiesINR 15.56 lakh
Anil Surendra Modi School of Commerce, NMIMSINR 10.08 Lacs - INR 14.4 lakh
MIT-WPUINR 13.2 lakh
D Y Patil University, PuneINR 4 lakh

Source: Official site and may vary.

T

Tasbiya Khan

Contributor-Level 10

Answered 6 days ago

Yes, you can definitely do an MBA in Business Analytics or Finance even with a BA History background 👍

✅ Eligibility

MBA colleges (through exams like Common Admission Test) accept students from any stream — Arts, Commerce, or Science.


🎯 Will you face difficulty?

  • Initially, you may find Quant/Analytics

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Q

Quantifiers

Beginner-Level 5

Answered a week ago

Indian students can complete King's College London MSc Economics and Finance course is one-year long course. Apart from the skills about Finance and Economics, Indian students are going to gain skills that can be utlized in diverse industries like e-commerce, retail, hospitality, media and pharmaceu

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A

Anya Aggarwal

Contributor-Level 10

Answered 2 weeks ago

MET Center for Insurance Training, Research and Development considers entrance exam scores for admission. The institute conducts MET-MCT for admission to PGPMBA course. Aspirants with CAT, MAT, CMAT, etc. scores can also get admission. Hence, entrance exam is required. 

N

Nishtha Shukla

Guide-Level 15

Answered 2 weeks ago

MET Center for Insurance Training, Research & Development considers CAT scores for admission to PGPMBA programme. However, it is not compulsory. Aspirants with any other accepted entrance exam scores can also get admission provided they also meet the eligibility.

N

Nishtha Shukla

Guide-Level 15

Answered 2 weeks ago

The annual fees for PGPMBA is INR 3.81 lakh at MET Center for Insurance Training, Research and Development. Aspirants who are selected have to pay the course fees at the time of admission to confirm their seat. The fees once paid will not be refunded under any circumstances.

N

Nishtha Shukla

Guide-Level 15

Answered 2 weeks ago

The MS in Finance course of Boston College is one-year. As per U.S. News, Boston College ranks at #9 in Finance (Business School Specialty rankings). Indian students are also enrolled in this college's course. International students who want to take admission this course are recommended to have some

...Read more

N

Nishtha Shukla

Contributor-Level 10

Answered 2 weeks ago

For the Class of 2024, MSF graduates placement rate is 94%. The average salary for the graduates is USD 77,000. The top companies where the graduates of MSF work are Deloitte, Alpine, JP Morgan Chase, PwC, etc. MSF graduates of Notre Dame Uni have started their careers in the industries like-

  • Financi

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I

Ishita Singh

Contributor-Level 10

Answered 2 weeks ago

Notre Dame Uni MS in Finance course is of 11-months. The tuition fees for this course in 2026-27 is USD 74,618 (Around INR 69 lakh). Also, scholarships are available for international students for this course. The employment rate for the Class of 2024 MSF graduates was 94%. 

78589906
Akanksha Malhotra

Contributor-Level 10

Answered 3 weeks ago

The course curriculum of MBA at ICFAI University, Jharkhand allows the students to choose from a wide variety of elective courses. The courses offered in Finance stream are Advance Financial Accounting, Security Analysis, Fintech, Project Management, Strategic Financial Management, Risk Management,

...Read more

S

Saumya Gairola

Contributor-Level 10

Answered 3 weeks ago

The MS in Finance course of the Uni of Miami is STEM-designated. Students can learn from the world-class faculty while studying this course. Also, 40% of the students in this course are female. Some of the top companies where the MS in Finance graduates of UMiami have worked are-

  • Citibank
  • JP Morgan
  • EY

...Read more

I

Ishita Singh

Contributor-Level 10

Answered 3 weeks ago

Hi.Students from any stream (Science, Arts, Commerce) pursue banking courses after 12th or banking courses after graduation.

For more detail information you can see below link 

https://www.shiksha.com/sarkari-exams/banking/articles/bank-courses-for-job-blogId-154425

Thanks 

102041442
Dr. Uma Sinha

Scholar-Level 17

Answered 3 weeks ago

Yes, accounting's necessary is essential, because it helps you to understand the basic terminologies. So, my advice would be to know the basic knowledge of accounting to join any further institution or any course!

A

Arav Sangya

Beginner-Level 3

Answered 3 weeks ago

No, having work experience is not really needed to go for the University of Luxembourg courses under MS including Business, Finance and Engineering. For these programs, the curriculum is designed for the fresh grads from university. 

However, if the student profile does have work experience, it may b

...Read more

B

Bhumika Vimal

Contributor-Level 9

Answered 3 weeks ago

No, there is no age limit to take the CFA Level 3 exam. However, students should have completed their graduation and fulfil other exam criteria. 

N

Nishtha Shukla

Contributor-Level 6

Answered 3 weeks ago

The following are the instructions for CFA exam admit card:

  • The details mentioned on the admit card should be correct
  • Arrive the exam centre at least an hour before the exam
  • The details should march the ones mentioned in the passport

If any of the information mentioned above needs to be corrected or upd

...Read more

R

Rohini Bhatnagar

Contributor-Level 6

Answered 3 weeks ago

CFA exam is conducted four times a year. It is conducted in the months of February, May, August and November. 

A

Abhishek Kumar

Contributor-Level 6

Answered 4 weeks ago

The highest package offered during IMT Nagpur PGDM Financial Management placements 2026 was 24 LPA. Companies such as Morgan Stanley, BlackRock and CRISIL visited the campus. Top roles offers included Credit Management Associate, Analyst - Financial Operations and Risk Analyst - Management Associate

K

Krishnendu Chatterjee

Contributor-Level 10

Answered a month ago

IIRM Hyderabad PGDM in Actuarial Science admissions are entrance-based. The selection process is as below:

  • CAT/ XAT/ MAT/ ATMA/ GMAT/ CMAT/ State-level Management Tests + Actuarial Proficiency Test by IIRM

S

Sanjana Srivastava

Contributor-Level 10

Answered a month ago

Students looking for global investment management courses, CFA is the best choice. CFA offers higher salaries, and CA is best for students looking to build a career in taxation and auditing in India. Top tier MBA excel in corporate leadership and networking. 

R

Rashmi Shukla

Contributor-Level 6

Answered a month ago

Candidates who are interested in investment analysis and portfolio management, want a global career or are ready to invest in further exams can opt for CFA. But if they wnat accounting and auditing, want a strong domestic career base and also value wide options of career options they can go for CA.

78439168
Saumya Jain

Contributor-Level 10

Answered a month ago

Check the exam structure for Level 2 exam below:

Structure Details
Time Duration

Session 1: 2 hours 15 mins

Session 2: 2 hours 15 mins

Total: 4 hours 30 mins

Type of questions

MCQs and Item Sets with Vignettes

Number of questions

88 MCQs

22 Item Sets

M

Mani Malhotra

Contributor-Level 6

Answered a month ago

 
There is a limit of 6 attempts per CFA Level. Students have to pay registration fee for each attempt. 

S

Shiksha Shukla

Contributor-Level 6

Answered a month ago

Unlike the Level 1 exam, CFA Level 2 exam does not only have MCQs. It also consists of item set questions which will be comprised of vignettes. 

N

Nishtha Shukla

Contributor-Level 6

Answered a month ago

No, CFA Level 1 exam only have 180 multiple choice questions. Students have to choose the correct option from the given options. 

A

Abhishek Kumar

Contributor-Level 6

Answered a month ago

CFA Level 1 exam is conducted for a total of 4.5 hours. The exam is spread in 2 sessions. Each session duration is 2 hours and 15 minutes.

R

Rohini Bhatnagar

Contributor-Level 6

Answered a month ago

CFA Level 1 exam is considered very tough and challenging. The average pass rate for Level 1 CFA exam stands at just 41% indicating the difficult nature of the exam. 

M

Mayank Singh

Contributor-Level 6

Answered a month ago

The CA Final Paper 2 - Advanced Financial Management includes following topics:

  • Financial Policy and Corporate Strategy
  • Risk Management
  • Advanced Capital Budgeting Decisions
  • Security Analysis
  • Security Valuation
  • Portfolio Management
  • Securitization
  • Mutual Funds
  • Derivatives Analysis and Valuation
  • Foreign Exchange

...Read more

Y

Yatendra Choudhury

Contributor-Level 6

Answered a month ago

The MSc in Finance course of DCU University is 12 months. The annual tuition fee for Indian students admitted to this course is EUR 23,000 (Around INR 25 lakh). In the QS Business Master's rankings for 2025, this course of DCU University ranks among the Top 130 MSc programs globally. 

R

Rupali Singh

Contributor-Level 10

Answered a month ago

Yes, the MBA at IILM University, Greater Noida gives good exposure to banking and financial services.

 

Students learn about banking, stock market, investments, finance, and money management. They also get practical knowledge through internships, live projects, and guest lectures from industry experts

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Bandhan Sharma

Beginner-Level 5

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