Banking Professional Examination has attracted huge attention in media, social media and among banking professionals in Bangladesh in recent months over its being mandatory for promotion.
It has become a buzzword and concern with huge implications in the days to come for banking sector officials. This article will shed light on all the facts and factors relating to Banking Professional Examination or Banking Diploma.
Table of Contents
The Institute of Bankers, Bangladesh (IBB)
The Institute of Bankers, Bangladesh (IBB) is a professional body for banks and financial institutions in Bangladesh. It was established in 1973 and registered as an association under the Societies Registration Act. The IBB’s vision is to become the premier institute in the banking and financial sector, developing competent and skilled professionals of international standard and repute. Its mission is to develop a professionally sound human resource base through continuous education, training, and orientation processes for the financial sector.
The IBB has several objectives, including developing professionally qualified and competent bankers through training, examinations, and professional development programs. It also designs, organizes, and conducts examinations to test the proficiency of employees of banks and financial institutions in various banking-related subjects. Successful candidates receive certificates, memoranda, and diplomas. The IBB provides necessary educational support services such as organizing coaching classes, imparting training, and supplying textbooks and reading materials. Additionally, it disseminates knowledge on banking and financial services through the publication of journals, newsletters, dialogues, lectures, and seminars.
The IBB conducts the Banking Diploma Examination, JAIBB (Junior Associate of the Institute of Bankers, Bangladesh) and AIBB (Associate of the Institute of Bankers, Bangladesh) usually held twice a year. The JAIBB examination provides basic and fundamental knowledge of banking, while the AIBB examination(Previously DAIBB) updates advanced knowledge in the field of banking and allied matters to enable better decision-making by bankers.
The IBB modifies and updates the syllabi of the Banking Professiona (Diploma) Examination from time to time to keep up with changes and developments in the banking arena, both domestically and internationally. The syllabi cover almost all theoretical and practical aspects of banking that a banker comes across in day-to-day work.
Overall, the IBB plays a crucial role in developing competent and skilled professionals in the banking and financial sector in Bangladesh, and its objectives and activities are geared towards achieving this goal.
JAIBB
JAIBB stands for “Junior Associate of the Institute of Bankers, Bangladesh”. It is a professional certification program offered by the Institute of Bankers, Bangladesh (IBB) for individuals who are interested in pursuing a career in the banking industry.
The JAIBB program covers various aspects of banking, including banking laws and regulations, accounting, economics, management, and marketing. The program is designed to provide participants with a comprehensive understanding of the banking industry and prepare them for a career in banking.
To be eligible for the JAIBB program, candidates must have a minimum of a bachelor’s degree from a recognized university or institution with banking experience.
Upon successful completion of the JAIBB program, candidates are awarded the Junior Associate of the Institute of Bankers, Bangladesh (JAIBB) certification, which is recognized by banks and financial institutions in Bangladesh. This certification is a valuable asset for individuals who are interested in pursuing a career in the banking industry in Bangladesh.
AIBB
AIBB, or “Associate of the Institute of Bankers, Bangladesh”, is a professional certification program offered by The Institute of Bankers, Bangladesh (IBB). This program is designed for banking professionals who are seeking to further their knowledge and skills in the banking industry. BB has changed the name to Banking Professional Examination from Banking Diploma.
The program covers a broad range of topics related to the banking industry, including banking operations, management, accounting, economics, and finance. This program is designed to provide participants with a comprehensive understanding of the banking industry and equip them with the knowledge and skills required to succeed in their roles as banking professionals.
To be eligible for the AIBB program, candidates must have a minimum of a bachelor’s degree from a recognized university or institution with banking experience and JAIBB certification.
Upon successful completion of the AIBB program, candidates are awarded the Associate of the Institute of Bankers, Bangladesh (AIBB) certification, which is recognized by banks and financial institutions in Bangladesh. This certification is a valuable asset for banking professionals who are seeking to advance their careers in the industry.
Syllabus for JAIBB and AIBB
The Junior Associate of the Institute of Bankers, Bangladesh (JAIBB) and the Associate of the Institute of Bankers, Bangladesh (AIBB) are two professional diploma courses offered by the Institute of Bankers, Bangladesh (IBB). These courses aim to develop professionally qualified and competent bankers primarily through a process of training, examinations, and professional development programs.
The syllabi for JAIBB and AIBB examinations cover almost all theoretical and practical aspects of banking and finance that a banker comes across in his or her day-to-day work. The syllabus is designed to ensure that the candidates have a comprehensive understanding of the banking and financial system in Bangladesh and internationally.
The syllabus of both courses is regularly updated to keep up with the changing trends and developments in the banking and financial sector. The IBB aims to provide quality education and training to candidates to ensure the development of competent and skilled professionals in the banking and financial sector of Bangladesh.
As there has been a huge reshuffle in the examination system, IBB has offered the following waiver for the professionals who have already passed partially:
JAIBB
The IBB conducts the Banking Diploma Examination, JAIBB (Junior Associate of the Institute of Bankers, Bangladesh) usually held twice a year at the such center as may be determined by the Council of the IBB from time to time. JAIBB Examination aims at giving basic and fundamental knowledge of banking. The syllabus for JAIBB includes six basic subjects incorporating Economics, Business Communication, Banking Regulations and Laws, Organization and Management, Governance in Financial Institutions, etc.
Subject List
- Monetary and Financial System
- Governance in Financial Institutions
- Principles of Economics
- Laws and Practice of General Banking
- Organization & Management
- Business Communication in Financial Institutions
AIBB
The IBB conducts the Banking Professional Examination, AIBB (Associate of the Institute of Bankers, Bangladesh) usually held twice a year at the such center as may be determined by the Council of the IBB from time to time. AIBB Examination is designed to update the advanced knowledge in the field of banking and allied matters to enable better decision-making by bankers. The syllabus for AIBB includes five mandatory subjects and one optional subject chosen from 8 subjects.
Subject List
- Risk Management in Financial Institutions
- Credit Operations and Management
- Trade Finance and Foreign Exchange
- Information and Communication Technology in Financial Institutions
- Treasury Management in Financial Institutions
Optional Subjects:
In addition to the aforesaid advanced/applied subjects, any 01 (one) of the following optional subjects
shall be chosen by a candidate for passing AIBB :
- Accounting for Financial Institutions
- Agriculture & Microfinance
- Sustainable Finance
- Shariah Based Banking
- Investment Banking
- Management Accounting
- Marketing and Branding in Financial Services
- Financial Crime and Compliance
Course Fee
The fees for JAIBB and AIBB are relatively affordable compared to other professional courses in the financial sector. The IBB aims to provide quality education and training to candidates at a reasonable cost to ensure the development of competent and skilled professionals in the banking and financial sector of Bangladesh.
Application Fee For JAIBB & DAIBB: BDT 1800. The fee is only BDT 300 for a single subject.
PBE Recent Hype
Very recently, PBE has received tons of attention for some of the below reasons:
Compulsory for Bank Promotions
BRPD of BB on February 08, 2023 issues circular making Banking Diploma both the two parts compulsory for promotions in the positions of Officer to General Manager and equivalent in the banking sector.
Compulsory for NBFI Promotions
DFIM of BB on February 22, 2023, issued a circular making the Banking Diploma both two parts compulsory for promotions in the positions of Senior Officer equivalent and higher for the NBFI officials.
Compulsory for Central Bankers
BB on April 25, 2023, issued a circular making Banking Diploma both two parts compulsory for promotions in 9 grade and above for general and cash sides.
Rebranding Diploma
After mandatory circulars from the central bank, lots of chaos, discussions, and reactions came out from the communities. BB then took some major steps to rebrand the diploma exams. Some steps are as follows:
- Changing the minimum pass mark from 50% to 45%
- Changing the name from banking diploma to Banking Professional Examination
- Changing the name DAIBB to AIBB
- Making Accounting two parts optional
- Introducing a few timely subjects
- Renaming some subjects