Diploma in Banking, Finance & Insurance Colleges in India 2024: Fees, Admission, Courses

There are 400+ Diploma in Banking and Insurance colleges in India. Among these, 205 colleges are privately owned, 53 are owned by public/government organizations, and public-private entities own 10 colleges. Students can secure admission after qualifying their Class 12 exams, and also some colleges may admit students based on entrance exams such as CAT, XAT, MAT, CMAT, etc. Some popular Diploma in Banking and Insurance colleges in India include SPJIMR Mumbai, FORE School of Management, Welingkar Mumbai, BIMTECH, National Institute of Bank Management, ISBR Business School, Great Lakes Institute of Management in Gurgaon, Amity University Online, Jagdish Sheth School of Management, and many others.

Hi,to determine the No. 1 Diploma in Banking and Insurance colleges in India, check the below table along with their total tuition fees:

It is estimated that joining Diploma in Banking, Finance and Insurance colleges in India can be affordable as most of the colleges have tuition fees of less than INR 1 lakh. Listed below are some of the colleges along with their fees:

Joining Diploma in Banking and Insurance colleges in India can be worthwhile for you. For that, you need to check its ROI. Listed below are some of the colleges along with their fees and average placement package:

Applicants should be aware that each institute may have different requirements for eligibility. People who want to apply to colleges or universities must visit their official website. Colleges that accept CAT, GMAT, MAT, or XAT scores for admission include IMI, ISB, and IIMP. On the other hand, some institutions offer direct admission based on merit.

Actuarial Science is a specialised field that employs mathematical and statistical techniques to evaluate and control financial risks across various industries, with a focus on insurance and finance. Actuaries apply their expertise to assist companies in making well-informed choices related to investments, pricing strategies, and risk mitigation. Fresh graduates and experienced professionals are presented with a range of job opportunities in this field, encompassing diverse profiles.

Disclaimer: The above mentioned salaries has been taken from Ambitionbox; therefore it may vary in future.

For admission to UG diploma, candidates are granted admission on a merit basis. There are no entrance exams for admission. Some of the top institutes in India grants admission on the basis of entrance exams. Some of the entrance exams that candidates must appear for are XAT, CAT, CMAT, ATMA, MAH CET, GMAT,  and so forth. 

The table below shows the private best colleges offering Diploma in Finance in India along with their total tuition fees:

The table below shows the government best colleges offering Diploma in Finance in India along with their total tuition fees:

Banking and finance institutes in India provide a wide range of specializations, including Finance, Sales & Marketing, Human Resources, Operations, IT & Systems, and many more. The specializations offered by the number of colleges are displayed in the table below:

Banking refers to accepting and safeguarding the money owned by the entity or individuals.  Finance is a broad term that includes banking, money, capital market and so forth. Insurance is presented in a form of a policy in which an entity or individual receives financial reimbursement or protection against losses. Graduates with a Diploma in Banking, Finance, and Insurance can work in a variety of fields, including banking, insurance, and financial organizations. Banking associates, customer service representatives, insurance sales agents, and financial analysts are common examples of these occupations.

Aspirants should start preparing for CAT exam at least nine months in before the test date. CAT preparation requires long-term planning thus one must start early. The best time to start CAT preparation is in March. Starting early will also help you assess that whether you need to join a coaching institute or not.

Divide your preparation into two phases -

1. Covering the CAT syllabus 
2. Practicing mock tests, sample questions and revision.

The CAT syllabus includes the following topics:

• Verbal Ability and Reading Comprehension: Parajumbles, Parasummary, Sentence Completion and Inferences, Questions based on passages, para meaning, order of sentences
• Data Interpretation and Logical Reasoning: Tables, Graphs, Pie Charts, Venn Diagram, Blood Relation, Seating Arrangement, Caselets and Syllogism
• Quantitative Aptitude: Geometry, Algebra, Number System, Arithmetic, Mensuration.

You can read the following CAT books for exam preparation:

• CAT Data Interpretation and Logical Reasoning by Gautam Puri
• Logical Reasoning and Data Interpretation for the CAT by Nishit K Sinha
• Data Interpretation and Data Sufficiency by Ananta Ashisha
• How to Prepare for Data Interpretation for CAT by Arun Sharma
• How to Prepare for Verbal Ability and Reading Comprehension for CAT by Arun Sharma and Meenakshi Upadhyay
• 30 Days to a More Powerful Vocabulary Mass Market Paperback by Wilfred Funk and Norman Lewis/ Simon and Schuster
• How to Prepare for Verbal Ability and Reading Comprehension for the CAT by Sharma and Upadhyay
• High School English Grammar and Composition by Wren and Martin
• How to Prepare for Quantitative Aptitude for the CAT by Arun Sharma
• Quantitative Aptitude for CAT by Nishit Sinha
• Quantitative Aptitude Quantum CAT by Sarvesh Sharma
• Quantitative Aptitude for Competitive Examinations by Abhijit Guha.

The table below shows the placement package offered by top recruiters participated in top Diploma in Banking, Finance and Insurance colleges in India:

Yes, MBA Finance is a promising career choice and one of the most popular specialisations offered in the MBA degree. After completing an MBA Finance, students can pursue various online certification courses like the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), and Certified Financial Planner (CFP).

Students can also pursue doctorate degree after MBA Finance. The MBA in Finance course scope in India is large and expanding. With the increasing complexity of financial markets, there is a growing demand for finance specialists. MBA in Finance graduates can work in a range of positions, such as:

• Financial analysts analyse financial data and give suggestions to businesses and investors based on their knowledge of finance.
• Investment bankers assist businesses in raising funds by issuing stocks and bonds. They also provide merger and acquisition advice to organisations.
• Portfolio managers oversee investment portfolios for individuals and institutions. They use their financial knowledge to identify investments that will help their customers achieve their objectives.
• Risk managers identify and manage the hazards that firms face. Read More: Scope of MBA Finance