Top 4 courses for Diploma in Banking, Finance and Insurance in India
The banking industry is one of the most important sectors of the Indian economy. With the rapid growth and evolution of the products and services offered by banks and an increasing requirement for financial inclusion in our country, there is a huge demand for professionals with specialized knowledge and skills. These include areas like Commercial Banking, Credit Management, Trade Finance, and Investment Banking. Even Insurance as an industry is gaining importance in India. Over FY02–FY16, life insurance premiums expanded at a CAGR of 7.5 %, which means this sector is poised for further growth and there are going to add more jobs in future.
Let’s look at some of Post Graduate Diploma courses which are a gateway to the career in banking, finance and insurance. This is an indicative list which has been formed by analysing Google Trends, availability of jobs on leading portals and overall popularity amongst aspirants. As per a leading job portal, currently, there are around 13,000 jobs available in the Banking and Insurance sector in India.
1. PGDM Banking and Finance (NIBM)
Established by the Reserve Bank of India and backed by the Government of India, National Institute of Bank Management (NIBM) offers prestigious courses in Banking, Economics and Finance. Post Graduate Diploma in Management (Banking & Financial Services) is its flagship program aimed at producing quality professionals in the Indian banking sector. The curriculum spreads over a vast range of topics pertaining to the management of banks and financial institutions, which includes Asset liability management, risk management, treasury and forex management.
Learning Provider: NIBM, Pune, Duration: Around 2 years; Mode: Full Time
2. NSE PGP in Investment Banking and Capital Markets
Investment Banking has been a dream job for finance professionals since long. The 10 months full time/ part time Post Graduate Program in Investment Banking and Capital Markets (PGP IB & CM) by NSE Academy has been designed to sculpt students as a hard core finance professional armed with expertise in Investment Banking and Capital Markets. The program has an exhaustive curriculum that covers the nuances of Investment Banking, Equity Research, Credit Analysis, Financial Analysis, Project Finance, Capital Markets, IPO Analysis etc.
Learning Provider: NSE Academy, Duration: 10 months; Mode: Full time/ Part Time
3. BSE Banking and Finance
The Post Graduate Program in Banking & Finance (PGPBF) offered by the BSE Institute includes all round knowledge of banking operations including FOREX markets, international trade and finance, bank credit, legal environment of banking and IT systems in banking. The program aims at preparing the participants for managerial jobs at Probationary Officer/ Management Trainee/ Executive Trainee levels.
Learning Provider: BSE Institute; Duration: 1 year; Mode: Full Time
4. Actuarial Science
Technically, an “Actuary” refers to a person skilled in risk analysis in different areas of insurance. Their responsibilities in life and general insurance business include designing and pricing of policies, deciding premium to be charged, ensuring the sufficiency of the funds to provide the assured benefits etc. The demand for actuaries is strong overseas and it is gradually growing in India too. Leading insurance companies like MAX BUPA, Allianz, Future Generali etc. employ actuaries. To become an actuary, one need to pass all 15 actuarial exams conducted by the Institute of Actuaries in India (IAI) and have 3 years of practical work experience.
Learning Provider: Institute of Actuaries in India, Ivy Professional School, Inflexion Point; Duration: Around 2 years; Mode: Distance Learning