.:. CERTIFICATE IN BANKING
Aims of the programme
The certificate level will be a general foundation stage for professional studies in banking under the Institute of Bankers and it will provide a general overview of the areas of study and specialisation.
After completing the certificate stage, candidates will be expected to be able to apply the knowledge covered in the various courses of study in the various operations at their work place.
Areas of study
The courses to be offered at certificate banking will be as follows:
Part A
Course Code Course Title
IOBM–C104 Introduction to Banking
IOBM–C101 Introduction to Business Accounting
IOBM–C105 Introduction to Business Communication
IOBM–C108 Basic Principles of Law
Part B
Course Code Course Title
IOBM–C106 Introduction to Economics
IOBM–C102 Customer Service
IOBM–C103 Fundamentals of Business Statistics
IOBM–C107 Management
Candidates will be expected to study and pass all eight subjects offered at this level to qualify for the award of Certificate in Banking.
Entry requirements for certificate stage
The minimum entry qualification requirement into certificate stage in banking is a full Malawi School Certificate of Education (MSCE) or its equivalent with credits in Mathematics and English.
Duration of study
The study period will be very flexible in order to accommodate interests of various individuals but the Institute will conduct examinations after every six months in October and April of each year. Candidates will be allowed to study and seat for a maximum of four subjects during any six months period at the certificate stage. However, candidates will also be allowed to take less than four subjects but the order of subjects have to be maintained i.e. candidates should pass all subjects in Part “A” before attempting subjects in Part “B”.
The exception to this rule will be where a candidate has already passed two or more subjects from Part “A” and would like to seat for four subjects. In such circumstances candidates will be allowed to take the remaining subjects from Part A and the balance to make up for four subjects from Part “B”. There will be no restrictions to the number of attempts candidates can make towards the certificate in banking qualification.
.:. DIPLOMA IN BANKING
Aims of the programme
At this stage the studies will lead to professional qualifications in banking under the Institute of Bankers in Malawi. After completing this stage, candidates will be expected to have a very good understanding in specific areas of study and be able to apply the knowledge gain in real life situations.
Areas of study
Seventeen subjects will be offered at diploma in banking level and these are grouped into five main areas of specialisation.
These areas of specialisation are;
- Credit Management
- Marketing
- Treasury & International Banking
- Estate & Trust
- Financial Planning
The subjects of study will further be divided into the following categories;
- Generic core
- Specialist core
- Electives.
Generic and specialist subjects will be compulsory in line with areas of specialisation. Candidates will however be allowed to choose two subject from a list of elective subjects. Candidates will be expected to study and pass eight subjects in order to qualify for Institute of Bankers Diploma in Banking.
The following subjects will be offered at diploma level.
GENERIC CORE SUBJECTS
Course Code Course Title
OBM–D225 Law Relating to Banking
IOBM–D220 Economic Environment
IOBM–D214 Financial Concepts A (For those specialising in Credit
Management)
IOBM–D215 Financial Concepts B (For those specialising in all
other professional areas)
The above subjects are compulsory and must be studied and passed by every candidate to qualify for the Diploma in Banking regardless of the areas of specialisation.
SPECIALIST CORE SUBJECTS
The specialist core subjects will be taken by candidates in line with the areas of specialisation they want to pursue. There are five areas of specialisation and
their specific requirements are outline below.
Credit Management
Candidates specialising in Credit Management will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective subjects in order to make a total of eight subjects required to qualify for an award in Diploma in Banking. The specialist subject in credit management as follows:
Course Code Course Title
IOBM–D212 Credit Risk Assessment 1
IOBM–D219 Financial Planning Practice
IOBM–D222 Taxation 1
Marketing
Candidates specialising in Marketing will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective subjects in order to make a total of eight subjects required to qualify for an award in Diploma in Banking. The specialist subject in marketing as follows:
Course Code Course Title
IOBM–D213 Principles of Marketing
IOBM–D210 International Trade Finance
IOBM–D209 Treasury Management 1
Treasury and International banking
Candidates specialising in Treasury and International Banking will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective subjects in order to make a total of eight subjects required to qualify for an award in Diploma in Banking. The specialist subject in Treasury and International Banking as follows:
Course Code Course Title
IOBM–D209 Treasury Management 1
IOBM–D210 International Trade Finance
IOBM–D219 Financial Planning Practice
Estates and Trust Management
Candidates specialising in Estates and Trusts Management will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective subjects in order to make a total of eight subjects required to qualify for an award in Diploma in Banking. The specialist subject in Estates and Trusts Management as follows:
Course Code Course Title
IOBM–D226 Law of Trusts, Settlement and Administration of Estates
IOBM–D218 Trustee Accounts
IOBM–D217 Principles of Investment
Financial Planning
Candidates specialising in Financial Planning will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective subjects in order to make a total of eight subjects required to qualify for an award in Diploma in Banking. The specialist subject in Financial Planning as follows:
Course Code Course Title
IOBM–D219 Financial Planning Practice
IOBM–D217 Principles of Investment
IOBM–D209 Treasury Management 1
ELECTIVES SUBJECTS
In order to make up for eight subjects required for the award of Diploma in Banking, candidates specialising in any professional area will be required to take two elective subjects from the list below.
Course Code Course Title
IOMB–D224 Customer Relationship Management
IOBM–D211 Financial Markets 1
IOBM–D223 Consumer Behaviour
IOBM–D221 Introduction to Business Statistics
Entry requirements for diploma stage
An Institute of Bankers certificate in banking will be a prerequisite for entry into the Diploma stage. However, those with relevant first degrees obtained from recognized universities or institutions will be exempted from certificate stage and will automatically be admitted at diploma stage.
Duration of study
The study period will be very flexible in order to accommodate interests of various individuals but the Institute will conduct examinations after every six months in October and April of each year. Candidates will be allowed to study and seat for a maximum of four subjects within any one study period of six months at diploma stage.
.:. ADVANCED DIPLOMA IN BANKING
Aims of the programme
At this stage, candidates will be expected to acquire a very good understanding of the study areas and apply them to real life situations and make notable contributions to their organizations.
Areas of study
Twenty one subjects will be offered at advanced diploma stage and these are grouped into the following six specialist areas:
- Credit Management,
- Marketing,
- Treasury and International Banking,
- Estates and Trusts, Financial Planning
- Property Management.
The subjects are further sub divided into three categories of generic core, specialist and electives. Generic core and specialist subjects are compulsory and must be studied by all candidates in line with areas of specialisation. However, candidates will be allowed to choose one subject from a list of electives category to complete a total of seven subjects required for an award in Advanced Diploma in Banking.
To qualify for an Advanced Diploma in Banking, candidates will need to pass eight subjects three generic subjects, three specialist subjects and any one elective subject.
GENERIC CORE
The generic core category will comprise the following three subjects;
Course Code Course Title
IOBM–AD305 Risk Analysis and Management
IOBM–AD320 Advanced Banking Law
IOBM–AD314 Strategic Management
These are compulsory subjects which must be studied and passed by every candidate studying for an Advanced Diploma in Banking.
SPECIALIST CORE
CREDIT MANAGEMENT
Candidates specialising in Credit Management will be required to study the specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two subjects from the category of elective subjects in order to make a total of eight subjects required to qualify for the award of Diploma in Banking. The specialist subjects in Credit Management are as follows:
Course Code Course Title
IOBM–AD307 Financial and Management Accounting
IOBM–AD303 Credit Risk Assessment 2
IOBM–AD317 Law of Credit and Securities
Marketing
Candidates specialising in Marketing will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective subjects in order to make a total of seven subjects required to qualify for the award of Diploma in Banking. The specialist subjects in marketing as follows:
Course Code Course Title
IOBM–AD304 Marketing Research
IOBM–AD306 Marketing Strategy
IOBM–AD302 International Monetary Economics
Treasury and International Banking
Candidates specialising in Treasury and International Banking will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective subjects in order to make a total of seven subjects required to qualify for the award of Diploma in Banking. The specialist subjects in Treasury and International Banking follows:
Course Code Course Title
IOBM–AD309 Treasury Management 2
IOBM–AS321 Financial Markets 2
IOBM–AD310 Investments
The above subjects will be taken by all those who want to specialise in treasury management and international banking.
Estates and Trusts
Candidates specialising in Estates and Trusts will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective subjects in order to make a total of seven subjects required to qualify for an award in Diploma in Banking. The specialist subjects in Estates and Trusts as follows:
Course Code Course Title
IOBM–AD310 Investments
IOBM–AD311 Personal Financial Planning
IOBM–AD318 Estate Planning
Financial Planning
Candidates specialising in Financial Planning will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective subjects in order to make a total of seven subjects required to qualify for an award in Diploma in Banking. The specialist subjects in Financial Planning as follows:
Course Code Course Title
IOBM–AD311 Personal Financial Planning
IOBM–AD308 Corporate Finance
IOBM–AD310 Treasury Management/investments
Property Management
Candidates specialising in Property Management will be required to study three specialist subjects related to this field in addition to the three generic core subjects to be pursued at this level outlined above. Candidates will also be expected to study two elective in order to make a total of eight subjects required to qualify for an award in Diploma in Banking. The specialist subjects in Property Management as follows:
Course Code Course Title
IOBM–AD315 Land Law
IOBM–AD318 Estate Planning
IOBM–AD311 Personal Financial Planning
These subjects will be taken by all those who want to specialise in Property Management.
The specialist core subjects are compulsory according to areas of specialisation and must be studied and passed by every candidate to qualify for an Advance Diploma in Banking.
ELECTIVES SUBJECTS
In order to make up for seven subjects required for an award in an Advanced Diploma in Banking, candidates specialising in any one of the six professional areas will be required to take two subject from the category of elective subjects outlined below.
Course Code Course Title
IOBM–AD321 Financial Markets 2
IOBM–AD301 Financial Economics
IOBM–AD312 Taxation 2
IOBM–AD319 Funding and Risk Management
IOBM–AD306 Marketing Strategy
IOBM–AD308 Corporate Finance
IOBM–AD310 Investments
IOBM–AD316 Property Finance Law
IOBM–AD315 Land Law
Entry Requirements
The entire requirement will into advance in banking will the Institute of Bankers Diploma or any other equivalent qualification.
Duration of Study
The study period will be very flexible in order to accommodate interests of various individuals but the Institute will conduct examinations after every six months in October and April of each year. Candidates will be allowed to study and seat for a maximum of four subjects within any one study period of six months at advanced diploma level.
ISSUEANCE OF CERTIFICATES AND DIPLOMAS
The awarding of certificates and diplomas to qualifying candidates will be done in accordance with the rules and regulations of affiliation of the University of Malawi.
PARTNERSHIP WITH THE UNIVERSITY OF MALAWI
The Bankers Association of Malawi will partner with the University, Faculty of Commerce on delivery running of these programs. The involvement of the University of Malawi in the various activities of the Institute of Bankers including the teaching process will help the Institute of Bankers to address various areas which would reposition and make it relevant and responsive to the education and training needs of the banking sector well.
The partnership with the University will also help the Institute of Bankers in achieving its goal to establish itself as a centre for advancing professionalism in banking in the country. While the study programs will be handled by teaching staff at the University of Malawi Management Development Centre, qualified members of staff from the banks will also be enrolled to assist in the teaching of the courses and these will provide an adjunct faculty from the banking industry.
In additional, two banks namely National Bank of Malawi and First Merchant Bank have got training centers which they have allowed the Institute of bankers to use if required. The two training centers have the following facilities.
In addition to the teaching staff at the Management Development Centre, some well qualified members of staff from the banking industry have volunteered to assist in the teaching of the courses.
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