WPCS 2.1.2
Tuition Fees:$516 /year
Applications Begin:June 2020
Final Award:Ordinary Diploma in Banking and Finance
Start Date:October 2020
Academic Unit:Faculty of Accounting, Banking and Finance
Campus:Main Campus
Application Deadline: September 2020
Programme Overview

This is a two−year programme designed for candidates who require basic banking skills or those who wish to learn about new technology and practices in the banking and financial institutions industry.

The programme combines banking and finance principles and practices in financial institutions and focuses on teaching students through actual case studies and real world applications.

The holder of this qualification will be able to;
i. Apply microfinance theories and models, banking practices and laws governing banking in providing effective and efficient banking services
ii. Apply communication skills, fundamentals of marketing and customer care skills, management skills and basics of entrepreneurial skills in promoting banking products and sales
iii. Appropriately use mathematics and economics skills in executing routine and non routine work in banking and financial institutions environment, use accounting skills and corporate finance principles in making investment decisions in banking and financial institutions.


First Semester:
– Basic Communication Skills
– Introduction to Accounting I
– Elements of Banking
– Introduction to Business Law
– Basic Mathematics and Statistics

Second Semester:
– Selling and Customer Care Skills
– Commerce
– Basics of Corporate Finance and Financial Services
– Introduction to International Trade
– Introduction to Computer Application
– Field Work Practical Training

First Semester:
– Principles of Micro Finance
– Principles of Economics
– Financial Accounting I
– Mathematics and statistics
– Principles and practices of banking
– Principles of Marketing and customer services

Second Semester:
– Project work
– Principles of corporate finance
– SMEs Financing by banks
– Law Relating to Banks
– Fundamentals of Management
– Fundamentals of Entrepreneurship

Application Process
Application Fees for Tanzanian Students: $4
Application Fees for International Students: $4

Applicants wishing to have themselves enrolled in the Institute of Finance Management Tanzania, should take note of the following:
1. All applications and recommendations must be submitted via an online application system.
2. Each applicant is responsible for ensuring his/her application is complete and correct.
3. No online application will be successful if a non-refundable fee has not been paid.

4. IFM will not consider any additional materials or changes once an application has been submitted. However an applicant can ask for amendment of online submitted materials after announcement has been made and new round of online application has been allowed.
5. The completed application becomes the confidential property of IFM and is not returnable
6. Applicants are responsible for ensuring that all the information and accompanying material provided in connection with their application is authentic and accurate
7. The Institute may at any time require applicants to provide satisfactory verification of the information and documents submitted as part of the application. If an applicant is unable to do so, the Institute reserves the right to cease consideration of the application, to withdraw any offer of admission already made, and/or to terminate one’s status as a student
8. Applicants assume all costs for authenticating and verifying documents and information associated with their application
9. All applicants previously admitted but did not register in the admitted year, are required to re-submit a new completed online application
10. Once an application is submitted, the Institute reserves the right to request additional information from the applicant, including, but not limited to, an interview

11. All applicants who have been invited for an interview must fulfil the request in order to complete the application process
12. Communication for admission will be done to applicants who meet the admission requirements.
Career Opportunities

Career Opportunities for Ordinary Diploma in Banking and Finance include:
– Financial Accountant
– Financial Analyst
– Business Analyst
– Loan officers
– Teller

Tuition Fees Details
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Tuition Fees for Tanzanian Students: $516
Tuition Fees for International Students: $1,194

Tuition Fee per year for Tanzanian Students = 1,200,000 TZS
Tuition Fee per year for International Students = 2,777,040 TZS

The Institute of Finance Management (IFM) has made arrangement for instalment payment to ease the financial burden on its students. If one is unable to pay the amounts above at once, he or she can do it in two instalments:
**First Instalment = 60 percent
**Second Instalment = 40 percent

Relevant Contact

Dr. Ernest Francis Mabonesho
Dean, Faculty of Accounting, Banking and Finance
Admissions Office
Responsible for Admissions Enquiries