Postgraduate Diploma in Banking - Careers, Salary, Jobs, Scope
Postgraduate Diploma in Banking: Brief Summary
| Course Name | Postgraduate Diploma in Banking |
| Also known as | PGDB |
| Duration | 11 months -2 years |
| Level -Degree/Diploma | Diploma |
| Mode | Full Time/Part-time |
| Eligibility | Graduation with at least 45-50% |
| Expected fee | Rs 1,00,000- Rs 12,00,000 |
| Average Starting Salary | Rs 30,000 |
| Tests Accepted | CAT/CMAT/MAT/XAT/GMAT |
| Top recruiting companies | ICICI Bank Ltd, HDFC, Axis Bank, Karur Vysya Bank, Bank of Baroda, Andhra Bank, Canara Bank |
What is Post Graduate Diploma in Banking (PGDB)?
Students pursuing Post Graduate Diploma in Banking (PGDB) is designed to develop an efficient and capable group of banking professionals who possess the required skill set to perform the day to day banking activities.
The programme is primarily aimed at developing core banking skills and personnel behavior. This vocational training focuses on certain basic areas in banking- products, processes, banking systems, regulations and frameworks the officers must comply with during their daily workings.
The Top management institutes in India for PGDB are-
- IFBI (Institute of Finance Banking and Insurance)
- Manipal University PGDB programme with a tie up with ICICI bank ( ICICI Manipal Academy of Banking and Insurance)
- Ahmedabad Management Association – Centre for Banking
- Institute of Chartered Financial Analysts of India (ICFAI) University, Mizoram
- Pune University
- Amity University
- SIES College of Management Studies (SIESCOMS)
- TKWs Institute of Banking and Finance
Institutes like Symbiosis Centre for Distance Learning, provide the course through distance learning mode.
Candidates who choose this particular specialization primarily find themselves working in government or private sector banks. Most candidates on completion of the programme are recruited as frontline managers in the Deputy Managers Grade and work their way up the ladder.
The duration of the PGDB programme can be of 3 or 2 years depending on the institution. The fees range from Rs 30,000 to Rs 5,00,000 for the complete course. Some institutes also provide installment option.
Candidates completing this course generally find themselves working in the government or private banks. There is not much travelling involved as the candidates mostly have a desk to ensure smooth running of daily banking affairs. The working hours are usually a regular 9 AM to 5 PM.
Students can also check out our MBA in Aviation Management Article.
Postgraduate Diploma in Banking: Job and Career Opportunities
The PGDB degree is the future of banking recruitment. Almost all major banks have switched to hiring skilled personnel for the daily banking processes. Hence candidates holding the PGDB degree get sought-after positions –
- Sales Officer
- Probationary Officer
- Deputy Manager
- Financial Advisor
- Credit Officer
These positions have certain tasks-
Sales Officer
Sales Officer is an entry-level position in the banking sector. The main job of the sales Officer is to sell banking products to retail customers. The products include Mortgage, Credit cards, Loans, Bank assurance etc. They have to manage customer relationships, corporate sales and achieve sales targets.
This job requires very good communication skills, analyzing skills, positive attitude and good negotiation skills. For fresher’s the average salary is around Rs. 2, 30,000/- per year.
Probationary Officer
Probationary Officer is a highly coveted post as it is the entry level position within the corporate ladder in the banking sector. A Probationary Officer (PO) holds the position of Assistant Manager on Probation. After induction training a PO can be posted anywhere in India.
A PO has multiple tasks such as – Marketing, Accounting, Loans, customer services regarding chequebooks, ATM cards etc.
The starting salary of a Probationary Officer (PO) is around Rs. 35000/- per month.
Deputy Manager
This job requires the candidates to take up various roles not only regarding core banking services but the daily administrative processes as well. Employees need to have an in-depth knowledge about business development apart from financial functions.
The national salary average for Deputy Managers is Rs. 8, 65,000/- per year.
Financial Advisor
Employees have to provide financial advice and guidance to customers for compensation. They can provide advice on matters such as investment management, income tax preparation, and estate planning etc. Persons holding this position can be independent practitioners or work for a parent company.
The average salary for a financial advisor in India is around Rs. 3, 30,000/- per year.
Credit Officer
This position is a Scale 1 position within the banking sector. Their job is to make proposal of loans, process loans, check the eligibility of the customer for a loan, ensure proper documentation and make a recommendation for the sanction of the loan.
The average salary of Credit Officers can range from Rs. 3, 50,000/- to Rs. 6, 00,000/- per year.
Top Recruiters
The top recruiting companies for the candidate with PDGB specialization are-
- ICICI Bank Ltd.
- Axis Bank
- Karur Vysya Bank
- IndusInd Bank
- City Union Bank
- HDFC
- Syndicate bank
- Bank of Baroda
- Andhra Bank
- Canara Bank
Postgraduate Diploma in Banking: Salary
The starting salary of a PGDB fresher in this field can range from Rs. 35,000/- to 80,000/- a month depending on the passing institute and designation.
The annual salary of a deputy manager or assistant manager/ customer service (having 1 to 4 years of experience) is around Rs. 5.75 lacs and above.
For candidates with over 5 years of experience as a senior business analyst the salary is above 7.25 lacs per year. As the need for more efficient banking services keeps on increasing the pay scale also increases exponentially with the candidate’s performance and experience.
Specializations Offered
Post Graduate Diploma in Banking and Finance (PGDBF)
This Post Graduate Diploma Level Banking course equips the candidates to function within changing financial conditions and develop already existing skills in the area of Banking and Finance. This course helps to develop cognitive, critical and intellectual as well as research skills to understand how domestic and international banking systems work.
Candidates with a PGDBF diploma can easily seek employment in Corporate Banking, Financial Sector, Banking Sector, and Educational Institutes etc. They hold positions like Business Analyst, Loan Counsellor, Investment Banker, Finance Manager, Equity Research Analyst, Market Analyst, and Personal Financial Advisor etc.
Post Graduate Diploma in Banking Technology (PGDBT)
This Diploma course is a one year programme to provide technological know-how, integration and management to fresh candidates along with already practicing bankers. This is done to produce highly trained personnel to meet the changing technical requirements of the Banking Sector. The course provides in depth understanding regarding technological areas of banking services.
Candidates with the PGDBT diploma are easily placed within the Banking Sector as well as the IT Companies that work in the Banking and Financial Services domain.
Post Graduate Diploma in Banking Operations (PGDBO)
This diploma course can range from 6 months to 1 year depending on the institute. This programme enhances the skills present in the candidates regarding areas such as – financial accounts, mathematics, customer behavior, effective business communication, investment banking, products and procedures and banking services etc.
Candidates with the PGDBO diploma get coveted positions in private as well as government banks like- ICICI Bank, Axis Bank, Yes Bank, Kotak Mahindra Bank, Bank of Baroda etc.
Syllabus
The primary aim of the programme is to provide the Banking Sector with entry level professionals who are in-depth knowledge about the banking domain, extremely efficient in application software, communication skills, marketing skills and customer orientation skills. The coursework is divided among the semesters. Areas which are focused upon include-
- Managing customer relationships
- Business development and sales skills
- Business communication skills in order to engage with the customer
- Domain specific certifications for developing insights in current financial markets
- Banking products and processes
- Life insurance
- Finacle
- Mutual funds
- Effective business communication
- Selling and negotiation skills
- Attitude and behavior at workplace
- Evolution and structure of banking in India
- Deposit accounts types and features
- Negotiable instruments
- Loans and advances
- Foreign exchange and international banking
- Banking technology, customer service and marketing
- Recent developments in banking
Colleges offering Postgraduate Diploma in Banking
| College | Admission | Eligibility | Fees | Placements |
| Ahmedabad Management Association – Centre for Banking ( tie-up with Bank of Baroda) | Candidates have to apply online.
|
Candidates must have minimum 50% in their Xii level qualifying exam and UG degree. | The course fees are Rs. 25000/-.
There is no option of refund. |
Most government banks – SBI, Bank of Baroda, IDBI, Syndicate bank etc. and private banks. |
| ICICI Manipal Academy of Banking and Insurance | Candidates must apply online.
The admission process includes- online aptitude test, online psychometric questionnaire, case-based group discussion, and personal interview and merit list. |
|
Fees of the programme amount to Rs. 378604/-.
Candidates can easily avail a student loan from ICICI bank or self-fund the course. |
There is a monthly stipend given to the candidates and opportunity to intern at an ICICI branch.
All candidates get a job as Deputy Manager Tier 1 at any ICICI branch. |
| IFBI (Institute of Finance Banking and Insurance)
|
Candidates have to apply online.
In order to get admission to the course the candidates must clear the IFBI common entrance test, English proficiency test and a personal interview. |
|
Total fee – Rs. 66,000.
Loan facility available.
|
Guaranteed 3 interviews with BFSI organizations.
Average placement is 90%.
Top recruiters- cooperative banks like- Canara Bank, private banks like ICICI, HDFC and government banks like Bank of Baroda. |
| Symbiosis Centre for Distance Learning | Apply Online | Graduation from a recognized University | Rs 40,000 | Top recruiting companies include- Capegemini, KGC Logistics, NIIT, TCS, Tata Sky, Wills Lifestyle, IIBM Jet India, TSL Marketing and more. |
| NMIMS Global Access School for Continuing Education | Apply Online | Graduation from a recognized University with at least 50% aggregate | Rs 76,000 | Top recruiting companies include American Express, Cipla, Bajaj Finserv, Jet Airways, Vodafone, IBM, Genpact and more. |
National Institute of Securities Market
NISM (National Institute of Securities Market) is a public trust and NISM VA is a compulsory certification for any candidate who wants to secure a career in selling/ distributing mutual fund products. This certification makes sure that the candidate knows about – basic mutual funds, different types of mutual funds and their features, regulatory environments, managing investment portfolio etc.
Requirements for PGDB
The eligibility criteria for PGDB course is mentioned below:
- Candidates can apply after graduating from any discipline. They must have at least 55% marks in their class 10th, 12th and graduation degree.
- They must be an Indian citizen.
- Candidates have to be less than 25 years old.
Who should apply?
- Candidates who wish to have a career in the banking and financial sector should apply
- People who already have junior positions in private or government banks or financial assistance institutions can apply to increase their knowledge and career opportunities.
- Financial executives/ professionals/ people who are in business and want to increase profitability and efficiency in daily banking processes.
Scope after Postgraduate Diploma in Banking
The importance of PGDB degree is no longer an entry into the banking sector only. The need for well-qualified candidates in banking procedures is in high demand in the business and commerce sector as well. With the banking sector opening up to the entry of more private banks, the job opportunities for candidates well versed in daily banking operations is on the rise.
There has been a constant increase in the Indian Banking Sector for the last 20 years. All existing banks are expanding their network and product range. To keep up with this accelerated growth, the Indian banking sector urgently requires trained individuals with the operational knowledge of day to day banking activities.
Apart from banking operations, candidates with PGDB degree can also opt for financial advisory or the field of a business analyst which has a high pay scale and is in great demand.
