Diploma in Basic Financial Services (Diploma in Basic Financial Services)

Diploma in Basic Financial Services Overview

Diploma in Financial Management can be classified as a 1-year diploma program, studying financial management theories and financial decision tools and practices that help them to interpret financial statements.

Admission to Diploma in Financial Management courses depends upon the candidate’s performance during a relevant entrance examination and resulting round of counseling. They must have a minimum eligibility of 10+2 from any recognized institute or its equivalent exam.

The average fees for Diploma in Financial Management in different colleges and universities range from INR10,000 to INR 8 lakhs. However government institutes may charge less fee as compared to the private ones.

Diploma in Financial Management graduates are hired in capacities like Financial Services & Research Analyst, Management Trainee, Finance Assistant & Accountant, Project Coordinator amongst many others. The average salary ranges from INR 3.2 LPA to INR 5 LPA.

Post completing Diploma in Financial Management, graduates can opt for MBA, PG Diploma and other courses in the related field. Later, they can also opt for a Phd in Finance.

Diploma in Basic Financial Services Highlights

Admission Process for Diploma in Basic Financial Services

Admissions to the Diploma in Financial Management course is mainly done on the candidates merit basis which includes the share of marks obtained by the candidate in school 12th or equivalent level examinations. Few institutes go for a qualifying entrance examination conduct for grant of admission.

Some Institutes/Colleges conduct their very own entrance test for the process of admission of candidates to the course hence students would need to fill an application for such exams.

The aspiring students need to qualify these entrance exams (for which they ought to be eligible to appear) so as to take admission within the course.

After the entrance exam is conducted, a merit list of the qualified candidates is prepared and these qualified candidates are invited for the admission process by the respective institutes or universities.

After the final allotment of all the seats to the candidate takes the candidates are asked to deposit the fee for the course and register for the respective school year .

However, in most universities , the admission process would be a very easy and non-tedious task which might involve merit-based admission within the course.

Eligibility Criteria of Diploma in Basic Financial Services

The Candidate must have passed the 10+2 or equivalent level examination with a minimum of 50% (40% to 45% for reserved category candidates) of the marks at 10+2or equivalent level from a recognized state or central board.

The aspiring students should not have any backlog in any of the subject/s in the class 12th or equivalent level that's yet to be cleared at the time of taking admissions.

In case of reserved category students, the candidates might need to present their reservation certificates issued by the competent authorities so as to avail the advantages applicable to them.

Diploma in Basic Financial Services Entrance Exam

CAT (Common Admission Test)

MAT (Management Aptitude Test)

XAT (Xavier Aptitude Test)

CMAT (Common Management Admission Test)

GMAT (Graduate Management Admission Test)

Diploma in Basic Financial Services How to Apply

To apply for a Diploma in Basic Financial Services, you typically need to follow these steps

Research Programs: Look for institutions or training providers that offer Diploma programs in Basic Financial Services. Ensure that the programs you consider are reputable and recognized in the financial services industry.

Check Eligibility Criteria: Review the eligibility requirements for the program. Typically, these programs are open to individuals with a high school diploma or equivalent qualification. Some programs may have additional requirements or prerequisites.

Diploma in Basic Financial Services Syllabus

Diploma in Basic Financial Services Future Scope

Candidates can opt for full time on campus courses, such as BBA, MBA or any other Postgraduate Diploma courses in the related field

Later, they can also apply for Phd courses that will provide them a doctorate degree and the candidates can research in the related field.

Diploma in Basic Financial Services Career, Scope and Job Profiles

Actuarial Science is a specialized subject that uses mathematical and statistical tools to assess and manage financial risks in a variety of businesses, particularly insurance and finance. Actuaries use their skills to help firms make informed decisions regarding investments, pricing, and risk management. The various job profiles offered to fresh graduates and experienced candidates are given below:

Job Profiles

• Specialist Officers 
• Investment Banking 
• Financial Analyst 
• Insurance Claim Adjuster 
• Financial Consultant 
• Insurance Claims Specialist 
• Insurance Agent