Diploma In Financial Management: Course Details, Eligibility, Fees, Admission
The Diploma in Financial Management is a one-year diploma programme that teaches students about financial management theories, financial decision-making tools and techniques, and how to understand financial statements. The goal of financial management credentials is to aid students in developing their corporate knowledge.
Table of Contents
- About Diploma in Financial Management
- How To Get Admission for a Diploma in Financial Management?
- Who Should Pursue a Diploma in Financial Management?
- Types of Diploma in Financial Management
- Diploma in Financial Management Specializations/Courses
- Study Diploma in Financial Management in India
- Top 10 Diploma in Financial Management Colleges in India
- Study Diploma in Financial Management Abroad
- Fee Structure for Diploma in Financial Management
- Syllabus and Subjects for Diploma in Financial Management
- Why Choose Diploma in Financial Management?
- Diploma in Financial Management Course Comparison
- Preparation Tips for Diploma in Financial Management
- Scope for Higher Education
- Salary of a Diploma in Financial Management Graduate
- Career Options After Diploma in Financial Management Graduation
- Skills That Make You The Best Diploma in Financial Management Graduate
Diploma In Financial Management Course Details
| Degree | Diploma |
| Full Form | Diploma in Financial Management |
| Duration | 1 Year |
| Age | No age limit |
| Subjects Required | 10+2 with minimum 50% from a recognized board |
| Minimum Percentage | 50% |
| Average Fees | ₹10K - 8 LPA |
| Similar Options of Study | MBA, B.Com, M.Com |
| Average Salary | INR 2 - 8 LPA |
| Employment Roles | Management Trainee, Financial Consultant, Financial Accountant, etc. |
About Diploma in Financial Management
A Diploma in Financial Management is a course at the diploma level. The student's skills and understanding of several financial disciplines are enhanced by Diploma in Financial Management course details. If candidates are proficient in economics and business, they may choose the Financial Management programme. Any intermediate-passed candidate can enrol in this course.
According to Wikipedia, "Financial management is the department inside an organization or a business that is concerned with cash flow, profitability, credits, costs, etc. in order to ensure that the company has the resources necessary to achieve its business objectives and goals."
Eligibility Criteria for Diploma in Financial Management
Students who wish to enrol in the Diploma in Financial Management programme must pass their 10+2 in any stream from a recognized board with a minimum of 50% overall in order to meet the standard Diploma in Financial Management eligibility requirements. This course has no age limit. To find out all the Diploma in Financial Management course details, it is vital that the students research the college's official websites.
How To Get Admission for a Diploma in Financial Management?
Admission to the Diploma in Financial Management programme is merit-based in their 10+2. Students must obtain a minimum aggregate of 50% from a recognized board.
Though the Diploma in Financial Management admission process varies from college to college, below are the steps that one should generally go through to get admission.
How to Apply?
In consideration of the COVID scenario, the majority of institutions are moving their admissions processes entirely online. Students must therefore go to the official websites of the colleges to which they are applying and begin the application process by submitting information. Students can also go to the college of their preference for offline enrollment and fill out an application form with all required documents.
Selection Process
In merit-based selection, candidates are chosen based on their academic performance during their 10+2 exams. Once the candidates are qualified, they become eligible for any further stage of admission. Further stages of admission vary from college to college.
Who Should Pursue a Diploma in Financial Management?
Those who are interested in banking courses and their specialist subjects, which concentrate on the financial management system at the organizational level, should enrol in the Diploma in Financial Management course.
When To Do Diploma in Financial Management?
If a student wants to pursue a career in Financial Management, he or she should begin at the 10+2 level. They must pass 12th class from a recognized board.
Types of Diploma in Financial Management
Aspirants can pursue the course in the full-time or part-time mode. Below are the types of Diploma in Financial Management courses in detail:
Full-Time
The full-time Diploma in Financial Management duration is one year. This course requires more practical knowledge than theoretical understanding. The advantage of a full-time course is that students can gain a lot more exposure, experience and knowledge through direct interaction with their peers and faculty.
Part-Time
The part-time Diploma in Financial Management course is designed for students who cannot attend regular classes. The duration of the course is 1 year. The advantage of the part-time course is that students can pursue this course while simultaneously being engaged in employment, etc.
Distance
The Diploma in Financial Management distance learning programme lasts one year. For those who wish to pursue a Diploma degree in Financial Management after 10+2 but don't have the time to attend normal classes, distance learning is the ideal option.
Diploma in Financial Management Specializations/Courses
When it comes to Diploma in Financial Management courses, there are a variety of courses to choose from. The following are some of the courses that are available:
- Corporate Finance
- Security Analysis and Portfolio Management
- Investment and Commercial Banking
- Risk Management
- International Finance
- Cashflow Performance
- Financial statement Analysis
- Personal Finance
Study Diploma in Financial Management in India
India is home to some of the best Diploma in Financial Management colleges for aspirants. Candidates have many options to choose from in terms of the best Diploma in Financial Management course as per their preferences. Depending on the type of Diploma in Financial Management programs offered, candidates will have to make the appropriate choice. Below are some of the top colleges in India offering Diploma in Financial Management courses:
Top 10 Diploma in Financial Management Colleges in India
Below is the list of the 10 best colleges for Diploma in Financial Management in India:
Top Diploma in Financial Management Colleges in Delhi
India’s capital city is home to some of the best institutions for a Diploma in Financial Management in India. Check the table below for the top colleges for Diploma in Financial Management in Delhi:
| Sl.No | Institution |
| 1 | ISBMA |
| 2 | Ramanujan College |
| 3 | NIFM |
| 4 | Gurukul Institute of Management and Technology |
| 5 | Delhi Degree College |
Top Diploma in Financial Management Colleges in Mumbai
Mumbai also has some of the best institutions for a Diploma in Financial Management in India. Check the table below for the top Diploma in Financial Management colleges in Mumbai:
| Sl.No | Institution |
| 1 | NMIMS University |
| 2 | Universal Business School |
| 3 | Kohinoor Business School |
| 4 | Bombay Academy of Management Studies |
| 5 | MET Institute of Distance Learning |
Top Diploma in Financial Management Colleges in Pune
Pune is home to some of the premier institutions for a Diploma in Financial Management in India. Check the table below for the best Diploma in Financial Management colleges in Pune:
| Sl.No | Institution |
| 1 | Bharati Vidyapeeth |
| 2 | UniPune |
| 3 | MIT School of Business |
| 4 | Indira School of Business Studies |
| 5 | Sinhgad Institute of Management |
Top Diploma in Financial Management Colleges in Bangalore
The capital city of Karnataka is renowned around the country for colleges offering top Diploma in Financial Management programmes. Check the table below for the best Diploma in Financial Management colleges in Bangalore:
| Sl.No | Institution |
| 1 | SJR Group of Colleges |
| 2 | Alliance University |
| 3 | Indus Business Academy |
| 4 | Center for Financial Management |
| 5 | Xavier Institute of Business Management Studies |
Top Diploma in Financial Management Colleges in Chennai
The capital city of Tamil Nadu has some of the best colleges for Diploma in Financial Management courses in India. Check the table below for the best Diploma in Financial Management colleges in Chennai:
| Sl.No | Institution |
| 1 | All India Institute of Management Studies |
| 2 | Institute for Technology and Management |
| 3 | Dhanraj Baid Jain College |
| 4 | Rajarajan Academy |
| 5 | International Council for Management Studies |
Top Diploma in Financial Management Colleges in Hyderabad
The Capital City of Telangana has some premier institutions in the country for Diploma in Financial Management. Check the table below for top colleges for Diploma in Financial Management in Hyderabad:
| Sl.No | Institution |
| 1 | NMIMS University |
| 2 | IMT |
| 3 | DMBS |
| 4 | Synergy School of Business |
| 5 | Ashoka School of Business |
Top Diploma in Financial Management Government Colleges
There are several top Government Colleges offering quality Diploma in Financial Management programmes across the country. Check the table below for the top Diploma in Financial Management in government colleges in India:
| Sl.No | Institution |
| 1 | BHU, Varanasi |
| 2 | NIFM, Delhi |
| 3 | AIMA, Delhi |
| 4 | Chandragupt Institute of Management, Patna |
| 5 | Department of Management Studies, Jaipur |
Top Diploma in Financial Management Private Colleges
India has seen significant growth in the number of quality Diploma in Financial Management private colleges that offer some of the best programmes in the country. Check the table below for the top Diploma in Financial Management in private colleges in India:
| Sl.No | Institution |
| 1 | IMT, Ghaziabad |
| 2 | Alliance University, Bangalore |
| 3 | IMI, Kolkata |
| 4 | IMI, Bhubaneswar |
| 5 | Jaipuria Institute of Management, Lucknow |
Study Diploma in Financial Management Abroad
Students can opt to study a Diploma in Financial Management course abroad if they can afford it. The Diploma in Financial Management course abroad is for a minimum of 1 year, depending on the type of course, college and country. The benefits of studying a Diploma in Financial Management programme overseas provide students with access to some of the best resources, facilities, and faculty, as well as global exposure to the subject matter and other cultures. In addition, students must achieve good grades in their 10+2 and have good English language skills. Below are some of the top Diploma in Financial Management colleges abroad and the relevant fees structure:
Top Diploma in Financial Management Colleges Abroad
The table below contains the list of some of the best colleges abroad for Diploma in Financial Management:
| Institution | Fees |
| Charles Darwin University, Australia | AUD 7,400 |
| University of Exeter, UK | GBP 28,000 |
| Queen Mary University of London, UK | GBP 19,250 |
| University of Warwick, UK | GBP 21,710 |
| Adelaide Education Group, Australia | AUD 18,000 |
| University of Waikato, New Zealand | NZD 27,210 |
| University of Canterbury, New Zealand | NZD 31,800 |
| Dublin Business School, Ireland | EUR 9,850 |
| National University of Ireland, Ireland | EUR 13,250 |
| Drew University, USA | USD 32,200 |
Top Diploma in Financial Management Colleges in USA
The USA is home to some of the best universities and colleges offering top-notch Diploma in Financial Management programmes in the world. The table below contains the list of top colleges for Diploma in Financial Management in the USA:
| Sl.No | Institution |
| 1 | Fordham University |
| 2 | Pace University |
| 3 | Kent State University |
| 4 | Suffolk University |
| 5 | Saginaw Valley State University |
Top Diploma in Financial Management Colleges in the UK
The UK has institutions that date back to the 13th century. This makes the UK one of the best destinations for pursuing a Diploma in Financial Management. The table below shows the top colleges for Diploma in Financial Management in the UK:
| Sl.No | Institution |
| 1 | University of Nottingham |
| 2 | University of Birmingham |
| 3 | University of Kent |
| 4 | Coventry University |
| 5 | University of Leicester |
Top Diploma in Financial Management Colleges in Canada
Known as the ‘Great White North, Canada is one of the most sought-after destinations for Diploma in Financial Management programmes in the world. The table below shows the top universities in Canada for Diploma in Financial Management:
| Sl.No | Institution |
| 1 | George Brown College |
| 2 | Red River College |
| 3 | Durham College |
| 4 | Carleton University |
| 5 | Dalhousie University |
Top Diploma in Financial Management Colleges in Australia
For many students, Australia, also known as the 'Land Down Under,' has emerged as one of the top locations for higher education. The list of top colleges for Diploma in Financial Management in Australia is as follows:
| Sl.No | Institution |
| 1 | Deakin University |
| 2 | Monash University |
| 3 | University of Sydney |
| 4 | Macquarie University |
| 5 | University of New South Wales |
Fee Structure for Diploma in Financial Management
The Diploma in Financial Management fees is not fixed and depends on many factors. Some of the factors which affect the Diploma in Financial Management fees include location, faculty, demand, infrastructure, and the facilities available to the students. The average Diploma in Financial Management course fee in India is around INR 10,000 - 8 LPA.
| Sl.No. | Name of the College | Total Fee Structure |
| 1. | NMIMS University, Mumbai | INR 35,000 |
| 2. | ISBMA, Delhi | INR 14,900 |
| 3. | ISBMA, Bangalore | INR 14,900 |
| 4. | ISBMA, Hyderabad | INR 14,900 |
Syllabus and Subjects for Diploma in Financial Management
The course is designed as a fundamental management course, encompassing functional areas of management with quantitative and conceptual inputs. Candidates with a Diploma in Financial Management have a basis for pursuing managerial responsibilities and further education. The following is a list of the general topics that will be covered during the course:
- Financial Reporting and Control (Accounts)
- Capital Markets
- Quantitative Methods
- Financial Institutions
- Managerial Economic
- Corporate Tax Planning
Read More: Diploma in Financial Management Syllabus and Subjects
Why Choose Diploma in Financial Management?
When students decide to pursue Diploma in Financial Management, they should first research the Diploma in Financial Management course details to ensure that they know the course they are enrolling in. Breaking down the question "Why to choose a Diploma in Financial Management?" into three brief questions simplifies the answer:
What is a Diploma in Financial Management All About?
The Diploma in Financial Management programme is designed to be a foundational management course that covers functional management topics with quantitative and conceptual inputs. The course is designed to give candidates a foundational understanding of how managerial activities fit together, as well as a place to pursue managerial responsibilities and higher education.
What Does a Diploma in Financial Management Graduate Do?
Students can work as Financial Consultants, Financial Accountants, Project Coordinators, etc. after completing this course. Candidates can also create financial management mechanisms that conduct reviews and lower financial risk; they can also look for possibilities to save costs, etc. Here are some of the most common features:
- Financial Consultant: A Financial Consultant helps people and small businesses manage and grow their wealth and assets.
- Financial Accountant: A Financial Accountant is in charge of managing an organization's accounting and financial operations.
Reasons Why Diploma in Financial Management Can Fetch You a Rewarding Career?
After earning a Diploma in Financial Management, both fresher and experienced professionals can pursue a variety of career opportunities. It is dependent on an individual's capabilities, academic record, skills, and experience. Some of the reasons are:
Demand: A diploma in Financial Management is a great career choice for those with good knowledge and understanding of the field of Finance. It has a good scope and opportunities. Students have the option of becoming a Financial Service Analyst, Financial Accountant, etc. However, taking a Diploma in Financial Management course from a reputable college will be advantageous.
Career Growth: Diploma in Financial Management graduates have a wide range of job opportunities. The Financial Management profession is the most influential in any company. Candidates can advance in their careers after gaining experience in the field.
Read More: Diploma in Financial Management Jobs and Scope
Diploma in Financial Management Course Comparison
Financial Management refers to the strategic planning, organizing, directing, and managing of financial undertakings in any institute or organization. It also involves using management principles to manage an organization's financial assets, which is crucial for fiscal management. Below is a comparison of the Diploma in Financial Management course with the Diploma in Financial Management course:
Diploma in Financial Management vs Diploma in Accounting and Finance
The table below showcases the differences between Diploma in Financial Management and Diploma in Accounting and Finance:
| Course | Diploma in Financial Management | Diploma in Accounting and Finance |
| Full-Form | Diploma in Financial Management | Diploma in Accounting and Finance |
| Stream | Commerce | Commerce |
| Course Duration | 1 year | 1 year |
| Eligibility | 10+2 from a recognized board with minimum of 50% | 10+2 from a recognized board with minimum of 50% |
| Entrance Exams | N/A | N/A |
| Top Colleges | ISBMA, University of Mumbai, etc. | NIIT, Amity University, etc. |
| Fees | INR 10,000 - 8 LPA | INR 10,000 - 5 LPA |
Read More: Diploma in Accounting and Finance
Preparation Tips for Diploma in Financial Management
There are many tips that students must note when deciding to pursue a Diploma in Financial Management. Some important preparation tips are listed below to ensure that the students crack the course and pass the exams without any hurdles.
Syllabus: Students must be well-versed with the course syllabus. This is the first and most fundamental step in the preparation process.
Important topics: Students should concentrate more on the important areas. These sections must be focused on while reviewing the chapters.
Scope for Higher Education
Aspirants can pursue higher studies after obtaining a Diploma in Financial Management. Some of the top courses for higher studies in the field of Financial Management are as follows:
- PhD
- Masters Degree
Salary of a Diploma in Financial Management Graduate
The salary for Diploma in Financial Management graduates varies depending on the specialization chosen by the candidates. Other factors that can affect Diploma in Financial Management salary in India include experience, geography, and the industry they are working in.
Graduates can increase their salary by getting more work experience. The average Diploma in Financial Management jobs starting salary for graduates is around INR 2 - 8 LPA [Source: PayScale].
Read More: Diploma in Financial Management Salary
Career Options After Diploma in Financial Management Graduation
There are plenty of jobs available for Diploma in Financial Management students in both public and private sectors. The job roles will differ based on the specialization that one has opted for. Diploma in Financial Management graduates have abundant job opportunities with good salary packages that include the following job profiles:
- Financial Services & Research Analyst
- Management Trainee
- Finance Assistant
- Financial Accountant
- Outbound Debt Management Specialist or Agent
Skills That Make You The Best Diploma in Financial Management Graduate
Because Financial Management programmes are used by every sector in this era, aspirants are enrolled to transform them from raw aspirants to professional Financial Management aspirants. Some of the abilities that Diploma in Financial Management students should have:
- Leadership
- Problem-solving
- Communication
- Analysis
- Interpersonal skills
- Mathematical proficiency
- Attention to detail
- Organization