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 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.

Table of content
  • 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.
1 Course
16 L
8 LPA
2 Courses
1.26 L - 14 L
10 LPA
1 Course
9.5 L
4.1
Last Date to Apply: 10th July 2025.Apply here: http://bit.ly/3TDkuzO
1 L
7 Courses
1 L - 14 L
4.5
Highest Package: 15 LPA Average Package: 9 LPA. Top Recruiters: Accenture, TCS, IBM
10.5 L - 12.5 L
4.2

Banking, Finance & Insurance Applications open. Apply Now

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

2 Courses
13 L - 14 L
3.6
3 Courses
11 L
4.3

Banking, Finance & Insurance Applications open. Apply Now

5.0
4.0
1 Course
9.15 L
3.9

Banking, Finance & Insurance Applications open. Apply Now

10.5 L - 12.5 L
4.2

Banking, Finance & Insurance Applications open. Apply Now

1 Course
7.45 L
4.3

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.

12 Aug ' 25 - 12 Feb ' 26

CFA 2026 Registrations (Level 1&2 May)

5 Nov ' 25

CFA 2026 Scheduling Deadline (Feb Level 1&3)

To Be Notified:

AMU Entrance Exam 2026 Online Registrations for B...

TENTATIVE

To Be Notified:

AMU Entrance Exam 2026 Online Registrations for B...

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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Student Forum

chatAnything you would want to ask experts?
Write here...

Answered a month ago

Check below institutes -

  1. Mumbai University
  2. SIES College of Arts, Science and Commerce, Mumbai
  3. Yashwantrao Chavan Maharashtra Open University, Nashik
  4. Amity University, Noida
  5. Bishop Heber College, Trichy

59588369
NITIN DESHMUKH

Scholar-Level 17

Answered a month ago

The CFP (Certified Financial Planner) certification requires passing one comprehensive exam, which consists of 170 multiple-choice questions divided into two 3-hour sessions with a 40-minute break in between. If you're exploring finance certifications, you might also look into practical courses like

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p

prathap

Contributor-Level 7

Answered a month ago

SBI and Tally are integral to the placement success for MBA students specializing in Banking and Financial Engineering from Chandigarh University. SBI provides practical exposure to banking operations, financial modeling, and risk analysis, allowing students to gain real-world experience and underst

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A

ABHINAV SRIVASTAVA

Contributor-Level 10

Answered a month ago

MBA graduates in Banking and Finance from Chandigarh University enjoy strong placement opportunities. The university prepares students with a mix of academic knowledge, practical projects, and industry exposure. Workshops, live projects, and mentorship programs help students gain confidence and unde

...Read more

n

nidhi singh

Beginner-Level 4

Answered a month ago

Yes, definitely! you can do the below mentioned Certifications along with MBA Finance:

  • CFA (Chartered Financial Analyst)
  • FRM (Financial Risk Manager)
  • CPA or CMA (for accounting and financial planning)
  • Investment banking courses

These certifications can significantly boost your resume and give you an edg

...Read more

P

Pallavi Rai

Contributor-Level 7

Answered a month ago

Not necessarily! Most top MBA colleges accept fresh graduates, especially in India even IIM's also accept fresh graduates. However, 1to 3 years of work experience can help you understand real-world finance better and improve your chances for top-tier colleges or higher packages. Work experience als

...Read more

A

Abhishek Arora

Contributor-Level 7

Answered a month ago

The college banking syllabus can surely provide a strong foundational base for students planning to appear for IBPS and SBI exams but a dedicated bank exam prep is extremely important because the college curriculum does not always cover banking awareness and computer aptitude in depth as is required

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

Colleges usually offer semester wise banking syllabi for various UG and PG courses like BCom, BBA and MBA in Banking, Finance and Insurance. The syllabus is spread across multiple 6-month-long semesters where you get to study concepts like financial accounting, investment banking, banking operations

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

The Banking syllabus for Diploma courses differs based on the course type, whether it is after 10th, after 12th, or a PG Diploma and the college offering the program. Generally, there are core subjects, electives, and a project component in the final semester. You can find the list of some basic cor

...Read more

V

Vidhi Jain

Contributor-Level 10

Answered a month ago

Business Mathematics is not a compulsory subject in the Banking syllabus. While several colleges have it as part of the coursework for a BCom in BFSI or an MBA in Banking and Finance, it is not a prerequisite for any banking exam or job in the future. All you need is solid quantitative aptitude with

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Vidhi Jain

Contributor-Level 10

Answered a month ago

Yes. You will find case studies and industrial project work as integral components in the BCom in Banking syllabus across all top colleges to provide the students with enough practical exposure to banking operations and financial market scenarios. Live projects, case studies, and projects give you a

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Vidhi Jain

Contributor-Level 10

Answered a month ago

Well, yes. A majority of the coursework for banking and finance-related courses includes modules on stock markets, investment strategies, and risk management as part of the larger financial framework. All of this knowledge is important for you to make sense of the workings of financial institutions,

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Vidhi Jain

Contributor-Level 10

Answered a month ago

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

d

diksha soni

Contributor-Level 10

Answered a month ago

National Insurance Academy has an impressive placement report. The table below provides the placement statistics recorded during National Insurance Academy placements 2024:

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

d

diksha soni

Contributor-Level 10

Answered a month ago

Yes, National Insurance Academy has good placements for BTech, BSc, MTech. The placement statistics for recent years are given in the table below:

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

d

diksha soni

Contributor-Level 10

Answered a month ago

Yes, graduating with an MBA degree from Centurion University Bhubaneswar makes students eligible for various jobs in the Finance domain. This is because, during the programme, students learn variousconcepts, such as Financial Accounting, Time Value and Money, Cost Acocunting, and more that help stud

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Shailja Rawat

Contributor-Level 10

Answered a month ago

Yes, Graphic Era Hill University Bhimtal BCom students are eligible for Finance domain jobs. Students enrolled in the programme learn about various concepts of Accountancy and Finance. Students who wish to land a job can check below to learn some job positions that BCom graduates can pursue:

  • Accounta

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Shailja Rawat

Contributor-Level 10

Answered 2 months ago

You can find some basic tips for clearing the Actuarial Science admission tests smoothly given here –

  • Have a look at the entire exam syllabus in detail and note down all the important topics to be covered in a separate notepad/notebook.
  • Make a weekly timetable where you assign at least 2-3 topics to b

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Vidhi Jain

Contributor-Level 10

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The time required to prepare for the entrance exams for admission to Actuarial Science courses varies on the basis of the course level and specific exam you're planning to sit for. Generally, it is better to start your preparation at least 6 to 8 months before the final exam is tentatively scheduled

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Vidhi Jain

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To get admitted to INSEAD Singapore's MIM program, international students must follow the admissions procedures listed below:
Step 1: Select a specialty: The MIM programme offers a variety of specializations for international students. One of the most popular programs is finance.
Step 2: Complete the

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Jasleen Shukla

Contributor-Level 8

Answered 2 months ago

The MSc International Banking and Finance degree is taught within Middlesex University's Business School where university deliver high-quality teaching and research, and provide a supportive learning environment, helping students to achieve excellent academic resultsWith immense power to affect orga

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Shreya Basu

Contributor-Level 10

Answered 2 months ago

The average Wealth Management salary in India for freshers is somewhere around INR 4 LPA to INR 7 LPA which may differ on the basis of academic qualification, practical experience, skills, job role, recruiter and the work location. As you earn some years of experience, you can easily find your way t

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Vidhi Jain

Contributor-Level 10

Answered 2 months ago

After completing Wealth Management courses, you can look forward to exciting jobs and salary packages in the finance industry because of the evolving financial landscape and accumulation of wealth, which requires professionals to manage the same and increase profits in the best way possible.

Some top

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Vidhi Jain

Contributor-Level 10

Answered 2 months ago

The average course fees for a Wealth Management course at top colleges is somewhere around INR 50,000 to INR 15 lakh, which differs on the basis of the course level, course type, and the college where you're planning to study the course. The Wealth Management course fees combine the tuition fee, col

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Vidhi Jain

Contributor-Level 10

Answered 2 months ago

No doubt college rankings play a very important role when choosing the best college for pursuing Wealth Management but they are not and should not be the only deciding factor. A good college ranking is synonymous with quality education, infrastructure and placements, but other parameters like indust

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Vidhi Jain

Contributor-Level 10

Answered 2 months ago

Practical training and internships are an important part of the Wealth Management syllabus to give you an idea about the real world landscape in the financial market, give you an idea about industrial workings and make you future ready. This approach of combining theoretical learning and practicalit

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Vidhi Jain

Contributor-Level 10

Answered 2 months ago

The Wealth Management course syllabus differs on the basis of the course level, type and the college offering the course. But some core concepts taught in the classroom are quite similar. You can find some core Wealth Management subjects covered in class lectures given here:

  • Introduction to Wealth Ma

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Vidhi Jain

Contributor-Level 10

Answered 2 months ago

You can find the list of some important technical and soft skills that you will learn after studying Wealth Management here:

Technical Skills

Non-Technical Skills

Financial Analysis

Client Relationship Management

Investment Management

Problem-Solving

Retirement and Estate Planning

Analytical Aptitude

Risk Management and Insurance

Excellent Communication

Tax Planning

Business Management

Portfolio Construction

Ethical Awareness

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Vidhi Jain

Contributor-Level 10

Answered 2 months ago

The answer to your question is quite subjective and would differ from one person to another. But in general, Wealth Management courses are worth your time and money if you want to learn expert knowledge in financial planning, portfolio management and investment strategies. The finance industry offer

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Vidhi Jain

Contributor-Level 10

Answered 2 months ago

Here are some common Wealth Management entrance exam prep tips that you can follow to do well in the entrance exams and get decent marks:

  • You should check the exam syllabus thoroughly and take down all the topics in a notebook.
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Vidhi Jain

Contributor-Level 10

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