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Banking is a respectable profession which not only grants financial security but also provides growth options. Today’s youth value independence both personal and profession and thus prefer vocational or job oriented courses after schooling. Diploma courses are best for students who wish to learn and practice together. As diploma courses are short term courses; students gets basic information about their field and can apply for recruitments and start earning at a younger age. A lot of banks both private and nationalized are always offering jobs for freshers. Training and on job training are offered by banks to help new members of their institute get well versed with the processes and systems of their institute.
Eligibility Criteria for Admission to Diploma in Banking
The minimum eligibility criterion for diploma in Banking is 10+2 from a recognized board. However, the eligibility criterion changes from institute to institute. It is always recommended that every student must visit the institute’s website and collect information like faculty, facilities and placement services provided by the institute before applying. There are a lot of institutes which offer 100% placement facilities to their students.
Duration of Diploma in Banking course
Generally the duration of the course is 1 year divided into 2 semesters of 6 months each.
Course Structure
1st Semester
- Spoken English
- Banking Fundamentals
- Banking Products & Services
- Business Mathematics
- Computer Basics
- Negotiable Instruments
- Retail Banking
- Overview of Banking Operations
- Economic Analysis
- Basic Accounts
- Project
2nd Semester
- Personality Development
- Banking laws & regulations
- Technology in Banking
- Advances & Credit Analysis
- Trade Finance
- Customer Service
- Corporate Banking
- Foreign Exchange Management
- Marketing of Financial Services
The course structure and contents might differ with every university and institute. Therefore it is always advisable that students should be very careful while selecting institute to pursue course.
Scope and Career Prospects
Career prospects and job opportunities are wide after diploma in Banking. The increasing number of private banks is producing a number of job opportunities for professionals. But the competitive environment in the Banking field demands for trained and skilled professional who have basic information and background knowledge of their field in order to commence and understand tasks well. Students can also apply for nationalized banks. The initial remuneration may be less but consistency will bring job security, seniority and good remuneration.
Students can also choose to study further and gain better knowledge and higher degrees. Higher education surely avail better and wide opportunities. Students can continue with the correspondence studies like graduation, post graduation in Banking or related fields. E-learning facilities are also available with many institutes.
