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 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.
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Student Forum
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 Colleges | Tuition Fee |
|---|---|
| FLAME University | INR 22.2 Lacs - INR 37.5 lakh |
| Symbiosis Centre for Management Studies | INR 15.56 lakh |
| Anil Surendra Modi School of Commerce, NMIMS | INR 10.08 Lacs - INR 14.4 lakh |
| MIT-WPU | INR 13.2 lakh |
| D Y Patil University, Pune | INR 4 lakh |
Source: Official site and may vary.
T
Contributor-Level 10
Answered 6 days ago
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✅ Eligibility
MBA colleges (through exams like Common Admission Test) accept students from any stream — Arts, Commerce, or Science.
🎯 Will you face difficulty?
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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.
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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.
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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.
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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
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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
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- The details should march the ones mentioned in the passport
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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
Contributor-Level 6
Answered a month ago
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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.
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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.
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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.
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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
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- Mutual Funds
- Derivatives Analysis and Valuation
- Foreign Exchange
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Contributor-Level 6
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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.
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Contributor-Level 10
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Yes, the MBA at IILM University, Greater Noida gives good exposure to banking and financial services.
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