Institute of Finance Management (IFM) Courses 2023/2024

Institute of Finance Management (IFM) Courses 2023/2024 : The Institute of Finance Management (IFM) was established in 1972 to cater to the training needs of local financial institutions, such as the National Bank of Commerce (NBC) and the National Insurance Corporation (NIC). Initially focused on banking and insurance courses, IFM has evolved over the years to offer a wide range of programs in various disciplines related to finance and management.

The History of IFM

IFM was initially intended to replace the Institute of Bankers of London, which was the only available school for banking professionals in the country at the time. However, in the same year of its establishment, the Government took over IFM and officially recognized it as a Government Institution of Higher Learning through Act No. 3 of Parliament. This move transformed IFM into a comprehensive institution providing training, research, and consultancy services in banking, insurance, social protection, taxation, accounting, and related fields.

Over the years, while other higher learning institutions have started offering training in finance-related disciplines, IFM remains the pioneer and oldest training institution in this domain. Despite its roots in banking and insurance, IFM has shown adaptability and responsiveness to the evolving needs of the financial service industry in Tanzania.

Courses Offered at IFM for 2023/2024 Academic Year

IFM offers a diverse array of courses at different academic levels. Here is a comprehensive list of IFM courses for the academic year 2023/2024, covering certificate, diploma, and degree programs:

IFM Degree Courses:

  1. Bachelor of Accounting (B.Acc)
  2. Bachelor of Banking and Finance (BBF)
  3. Bachelor of Accounting with Information Technology (BAIT)
  4. Bachelor of Science in Information Technology (BSc. IT)
  5. Bachelor of Computer Science (BCS)
  6. Bachelor of Science in Insurance and Risk Management (BSc IRM)
  7. Bachelor of Science in Social Protection (BSc SP)
  8. Bachelor of Science in Actuarial Science (BSc. AS)
  9. Bachelor of Science in Taxation (BSc- Taxation)
  10. Bachelor of Science in Economics and Finance (Bsc. BEF)

IFM Diploma Courses:

  1. Ordinary Diploma in Accounting (ODAC)
  2. Ordinary Diploma in Banking and Finance (ODBF)
  3. Ordinary Diploma in Information Technology (ODIT)
  4. Ordinary Diploma in Computer Science (ODCS)
  5. Ordinary Diploma in Insurance and Risk Management (ODIRM)
  6. Ordinary Diploma in Social Protection (ODSP)
  7. Ordinary Diploma in Taxation (ODTM)

IFM Certificate Courses:

  1. Basic Technician Certificate in Taxation (BTCT)
  2. Basic Technician Certificate in Insurance and Social Protection (BTCISP)
  3. Basic Technician Certificate in Computing and Information Technology (BTCC&IT)
  4. Basic Technician Certificate in Accountancy (BTCA)
  5. Basic Technician Certificate in Banking and Finance (BTCBF)

Admission Process for IFM Courses

IFM has implemented an online application system to facilitate a smooth and efficient admission process. The Institute ensures fair treatment for all applicants and does not discriminate based on various criteria. Each applicant is assessed based on the information provided through the application system and relevant supporting documents.

Here are the steps to apply for IFM courses:

1. Creation of Application Account

  • Register an Application Account: Provide essential basic information to create your application account.
  • Confirm Applicant Information: Double-check your details before proceeding with the registration process.

2. Submission of Required Information

  • Log in to your account to Start Application: Access the application system using your login credentials (Form 4 Index Number and Password).
  • Make Application Payments: Pay the application fee to proceed with the application process. You will receive a control number for making the payment. If needed, you can download the invoice.
  • Submit Personal Information: Enter all your personal information and next of kin details.
  • Submit Education Details: Provide information about your education and admission qualifications.
  • Submit Employment Records (if applicable)
  • Choose Programs of Interest: Select three programs that you wish to apply for.
  • Check your application and submit it.

Final Thoughts

The Institute of Finance Management (IFM) offers a comprehensive range of courses to meet the diverse needs of students interested in finance and management disciplines. With a rich history and a focus on providing quality education and training, IFM continues to be a leading institution in Tanzania. Aspiring students can explore the available courses and follow the straightforward online application process to secure a place in their preferred program at IFM. The Institute’s commitment to excellence and its responsiveness to the changing financial landscape make it an excellent choice for those seeking a career in the financial services industry.

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