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PG Diploma in Banking and Finance

Why PG Diploma in Banking and Finance

Posted on October 14, 2019 by Kritika Gadhvi  | Academics | Blog

Diploma in Banking and Finance: Overview

Diploma in Banking and Finance is a specialised course that trains students to become future banking and finance professionals. This course provides operational training, managerial and technical skills to the students that want to work in the banking or financial sectors. There are a lot of institutes across India that offer a diploma in banking and finance, albeit with a different name. Institutes like National Post Graduate College in Lucknow, Greenway Institute of Management Studies in Dehradun, Indian Institute of Banking and Finance in Mumbai, St. Catherine Institute of Management and Technology in New Delhi and MIT College of Management in Pune, offer a post graduate diploma in banking and finance.

Indian School of Business and Finance in New Delhi, a Featured Teaching Institution of The London School of Economics, offers a Graduate Diploma in Finance which teaches similar modules to that of a Diploma in Banking and Finance. Their curriculum includes some modules of Banking and Finance which can be helpful to students who are looking to get a brief understanding in this area.

How is Diploma in Banking and Finance Course Beneficial?

Postgraduate Diploma in Banking and Finance equips students with the necessary skills to eventually become successful bankers or join financial institutions. They are taught to understand the current market trends and make informed financial decisions for a firm or company. The course adds value to your already existing knowledge and skills. It provides you with the basic knowledge and understanding of what concepts you will be dealing with in the future on a daily basis, and equip you with tools and skills that will help you explore current trends in accounting and corporate finance while at the same time enhancing your business skills.

Diploma in Banking and Finance Eligibility

Students seeking admission to diploma in banking and finance must hold a bachelor’s degree in a relevant discipline or equivalent from a recognized university. Some universities require that you have a minimum of 50% aggregate in all your subjects at an undergraduate level. In addition to this, some colleges even conduct their separate entrance examinations to test the candidates’ aptitude and inclination towards the subject.

Diploma in Banking and Finance: Admission Process

Students seeking admission to banking and finance courses have to meet the required criteria as set by individual colleges/universities. Most colleges in India hold entrance examinations for the students to gain admission to the program, which is mandatory for the students to clear. These common entrance tests are conducted to examine the eligibility of a candidate and judge their existing skills and knowledge.

Almost all colleges offer two ways to fill out application forms; students could either do it online or by availing the form from the concerned off of the institution. You are required to attach all the relevant documents with your form so that the institutions have proof of your eligibility. The candidates are shortlisted based on a merit list and the number of seats available for a particular course. Usually, colleges/ institutions contact the students regarding all important information and updates via email unless specified otherwise.

Diploma in Banking and Finance: Syllabus

Although there is no standard list of courses/ subjects offered while pursuing banking and finance courses, most colleges and institutions teach some variant of the below-mentioned courses. A PG Diploma in Banking and Finance lasts up to 9 months to a year.

Principles and Practices of Management

This course is aimed at teaching students the functions and responsibilities of managers, provide them with tools and techniques to be used when involved in a managerial position.

Management Accounting

This course is aimed at making students adept at understanding the nature and purpose of cost and management accounting. The students learn how to record and classify costs.

Managerial Economics

This course aims to teach how markets work, the concepts of demand, supply, market equilibrium, taxes and subsidies. The course also teaches about the production of goods and services, opportunity cost, other cost concepts and other economic concepts.

Indian Banking and Financial Systems

Indian Banking and Financial Systems is a course that equips students with the knowledge of the Indian Banking ecosystem. This course aims to teach students all the concepts related to banking and financial systems and how they operate.

Banking Regulations and Laws

Banking Regulations and Laws as the name suggests focuses on the rules and regulations set by the government under which the entire banking ecosystem functions. The banks are required to meet these guidelines to maintain transparency in the market.

Financial Management

Financial Management is a course that focuses on understanding the process of planning, organizing, controlling and monitoring financial resources. Students learn about how organizations procure funds, utilize it, accounting, payments and risk assessment.

Global Banking and Finance

This course aims at making students adept in interpreting data and technical reports on investments. The students develop a basic understanding of financial instruments and learn the nitty gritties that go behind operating a small business and prepare comprehensive business plans. These are all taught in the context of global banking scenarios.

Research Methodology and Statistical Quantitative Methods

The course familiarises students with common research methodologies and statistical analysis tools. It also teaches students how to utilize the research methods optimally and effectively.

Financial Institutes and Markets

This course equips students with an understanding of the functions and operations of the financial markets and institutions operating in India. It teaches the role of financial systems.

Accounting Systems and Financial Analysis

This course aims to teach the basic financial concepts, helps understand financial statements and their elements, techniques to analyse financial statements and how to interpret them.

Bank Management course aims to make students’ understand the Bank’s statutory activity. You learn about financial relations connected with banking activities and management functions in banking. This course helps you understand how to build an organic and optimal system of interaction between various elements of the banking ecosystem that will eventually be profitable. You also learn about key concepts like profitable risk and risk management.

Security Analysis and Portfolio Management

This course provides students with the knowledge of what security analysis means and how to calculate the value of various assets in the market. You are taught how to analyze the effect of market fluctuations on the securities. Portfolio management includes understanding and analyzing the best investment policy that provides clients with maximum returns while incurring minimum risks.

Project and Infrastructure Financing

With the growth in the economy, banks are increasingly invested in project financing, this course teaches advanced skills in the field of project appraisal and financing. It helps build practical knowledge in project and infrastructure financing.

Macroeconomics

Macroeconomics course deals with the general or broader concepts of economics. You will learn how to implement these principles in your professional careers.

Other courses that are taught by various universities across the globe under the umbrella of Banking and Finance are Banking Systems Marketing, Micro-Financing, Risk Management, Capital Market, Rural and Co-Operative Banking, Bank Lending Policies and Procedures, Management of Banks and Leadership and Personality Development.

Indian School of Business and Finance offers a full-time Graduate Diploma in Finance which teaches courses that are similar to the Banking and Finance course modules. The graduate diploma offered by ISBF aims to create a strong conceptual foundation in financial theory with an emphasis on understanding the quantitative tools that are used in the financial sector. The modules equip students to take specialised opportunities like financial analysis, securities valuation, corporate governance, mergers and acquisitions and other division in the financial industry.

The module offered at ISBF in Diploma in Finance is as follows:
Asset Pricing and Financial Markets

This course will equip you with a sound knowledge of the working of financial markets, and delve deep into the pricing of its assets and instruments.
The topics covered include:

  • Efficient markets – theory and evidence
  • Risk and return
  • Mean-variance analysis
  • Portfolio diversification
  • Capital Asset Pricing Model (CAPM)
  • Arbitrage
  • Derivatives: properties and pricing
  • Futures, forwards, swaps and options

Financial Reporting

This module is concerned with the theory and practice of financial accounting. This involves a sound understanding of the concepts and choices that underline measurement and disclosure in financial statements. The objective of this module is to stimulate an enquiry into financial accounting issues, understanding alternative approaches to the presentation of financial reports. Topics covered include:

  • The rationale for financial reporting
  • A conceptual framework for financial reporting
  • Income measurement and capital maintenance
  • Historical cost accounting (HCA) and accounting for a change in price/value
    • Accounting for:
    • Groups and foreign currencies
    • Tangible non-current assets
    • Intangible assets: goodwill and R&D
    • Inventories and construction contracts
    • Equity and liabilities
  • Accounting for taxation
  • Analysis and interpretation of financial reports

Principles of Corporate Finance

This module provides an understanding of the key principles and elements of finance for any business or corporation.
Topics covered include:

  • Project valuation
  • Factor models
  • Asymmetric information and agency costs
  • Capital structure
  • Weighted Average Cost of Capital (WACC)
  • Leverage
  • Modigliani-Miller 2nd Proposition
  • Dividend theory
  • Corporate Governance
  • Mergers and acquisitions

Valuation and Security Analysis

This module provides insight and understanding of security analysis and valuation. It covers three broad areas: financial analysis, security valuation, and returns to fundamental and technical analysis. Topics covered include:

  • Introduction to financial statements.
  • The framework of analysis – Industry analysis
  • Financial analysis – Performance evaluation
  • Security valuation: free cash flow, residual earnings, etc.
  • The implication of price-to-earnings and price-to-book ratios
  • Financial information and stock prices
  • Financial analysis of mergers & acquisitions
  • Credit analysis and distress predictions
  • Measuring returns to active investment strategies
  • Returns to fundamental analysis
  • Returns to technical analysis

Diploma in Banking and Finance: Career Prospects

Banking and Finance courses can lead to a myriad of career opportunities. Once a student graduates, they have the opportunity to work in sectors like private, government or foreign banks, education and teaching, finance and accounts department of organisations or the stock market. There are various capacities you can join the above sectors in, every company requires a finance department and then different workforce in it. Banking and finance is a course that will always have job opportunities, no matter what.

Financial Advisor

A financial advisors role in a company is to set short and long term financial goals for a company and then make sure they are met. Financial advisors also advise clients (individuals or companies/businesses) on investments, taxes, insurances, mortgages, retirement etc.

Financial Analyst

A financial analyst’s key responsibilities include determining the cost of operations, keeping a tab on the financial status of an organisation by analyzing plans and forecasts, maintaining a clear database, analyzing the results achieved by an organisation.

Investment Banker

Investment bankers work as advisors for corporations and governments, they help their clients raise money in capital markets. They also help corporations and other organisations in mergers and acquisitions and provide sound financial advice.

Credit Analyst

A credit analyst is responsible for determining the creditworthiness of people. They handle, assess, analyse and interpret financial information. They are required to undertake a risk analysis by developing statistical models.

Business Analyst

A business analyst' role is to evaluate business models and implement strategies that will aid any business/organisation’s growth. A business analyst also works with technology and how a business can be improved with technology.

Loan Officers

Loan officers are responsible for checking the creditworthiness of a client, individual or business and help these individuals decide what kind of loan is most suitable for them.

The above-mentioned career prospects are only a few ideas of what one might be looking at after a PG Diploma in Banking and Finance. However, they are just basic career options. There are numerous exciting opportunities available for students with such a degree in hand. One could join big corporations and MNC’s as risk analysts, wealth managers and equity researchers. Prospective job seekers could also look at joining banks in the capacity of tellers, loan officers, branch managers and operations and marketing.

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