Top 4 courses for Diploma in Banking, Finance and Insurance in India
We won’t be kidding when we say that the banking industry is one of the major pillars of the Indian economy. With the rapid growth and evolution of products and services offered by banks and an increasing requirement for financial inclusion in our country, there is a huge upsurge in demand for professionals with specialized knowledge and skills. These include areas like Commercial Banking, Credit Management, Trade Finance, and Investment Banking. Insurance as an industry is gaining massive importance in India. Over FY02–FY16, life insurance premiums expanded at a CAGR of 7.5%,and has been expanding at 5.3% since 2019 to 2022. The increase in the number of jobs is inevitable in the future.
You must let this trend act as a tailwind to your career ambitions. We’ve created a PGDM IBCM course which is a gateway to a 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.
1. PGDM in Investment Banking
IMS Proschool in collaboration with AIMA launched one of the most sought after course a post graduate program in investment banking and capital markets. IMS Proschool has developed this highly flexible course in order to provide rewarding careers to many deserving candidates. Graduates of the Investment Banking course will possess subject matter expertise in corporate finance, economics, quantitative methods, and investment banking operations along with practical skills like financial statement analysis, financial modeling, equity valuation, and business communication.
PG certificate/PG degree is awarded at the end of the program, which is equivalent to an MBA degree. This course distinguishes itself by allowing a 5-year gap between the two years. By providing placement assistance, IMS ProSchool can also help you find a job. If you work hard enough through IMS ProSchool’s programs, the industry will be eager to engage with you.
2. PGDM Banking and Finance (NIBM)
Established by the Reserve Bank of India and backed by the Government of India, the 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
[Wanna stay ahead of the curve? Check the top six current trends in India’s financial industry]
2. NSE PGP in Investment Banking and Capital Markets
Investment Banking has been the dream job for finance professionals since times immemorial. The 10 months full time/ part-time Post-Graduate Program in Investment Banking and Capital Markets (PGP IB & CM) by the NSE Academy has been designed to sculpt students into hardcore finance professionals 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
Interested but confused? Talk to a Proschool Finance expert today to get all your queries addressed. Fill out this short form.
3. BSE Banking and Finance
The Post Graduate Program in Banking & Finance (PGPBF) offered by the BSE Institute includes an 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 the life and general insurance business include designing and pricing policies, deciding the premium to be charged, ensuring the sufficiency of funds to provide the assured benefits, etc. There has been a strong demand for actuaries overseas and India is seeing an uptrend too. Leading insurance companies like MAX BUPA, Allianz, Future Generali etc. employ actuaries. To become an actuary, you 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
Equipping yourself with one of these PG Diplomas will set you straight to success in the world of Banking and Finance. If the BFSI sector seems like the best career path for you, then getting started on the right foot is imperative. Talk to our Financial experts at Proschool, and get started on the right path. Fill out this short form, and we’ll get in touch.