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.:. 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;

  1. Credit Management
  2. Marketing
  3. Treasury & International Banking
  4. Estate & Trust
  5. Financial Planning

The subjects of study will further be divided into the following categories;

  1. Generic core
  2. Specialist core
  3. 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:

  1. Credit Management,
  2. Marketing,
  3.  Treasury and International Banking,
  4.  Estates and Trusts, Financial Planning
  5.  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 FMB 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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