Programme Title
Advanced Diploma in Finance and Insurance
Course Code

Programme Includes:(Apprenticeship/ Placement or Internship)

MQF Level

Level 4
Type(refer to Appendix 1 for Parameters)

Accreditation Status(Note: If the Type is Award or Qualification, therefore by default, the Accreditation Status should be Accredited)

Accredited via MCAST’s Self Accreditation Process (MCAST holds Self-Accrediting Status as per 1st schedule of Legal Notice 296/2012)
Mode of Delivery

Face to Face
Duration (hours or years)

2 Year
Total Number of Credits

Total Learning Hours (25 Total Learning Hours for each ECTS)

3000 Hours
Target Audience

Ages 16 – 65
Target Group (the type of learners that the educational institution anticipates joining this programme)

Programme Fees

€8,500.00 (Applicable for Non-EU and Non-EEA Countries) – the fee mentioned here is indicative.  Please refer to, as well as to MCAST’s MG2I International Section for any updated fees as well as terms of payments.
Date of Next Student Intake

Language of Instruction

The official language of instruction at MCAST is English. All notes and textbooks are in English (except for language courses, which will be in the respective language being instructed). International candidates will be requested to meet English language certification requirements for access to the course.
Application Method

Applications to full-time courses are received online via the College Management Information System. Applicants can log-in using Maltese Electronic ID (eID) in order to access the MCAST Admissions Portal directly and create one’s own student account with the identity being verified electronically via this secure service.

Non-EID applicants need to request account creation though an online form after that they confirm that their local Identification Document does not come with an EID entitlement. . Once the identity is verified and the account is created on behalf of the applicant, one may proceed with the online application according to the same instructions applicable to all other applicants.

For more information about how to apply online for a course at MCAST, please visit:

Information for Non-EU Citizens

Non-EU candidates require a study visa in order to travel to Malta and join the course applied for. For further information re study-visa please access
Address where the Programme will be Delivered

MCAST has four campuses as follows:

MCAST Main Campus
Triq Kordin,
Paola, Malta

All courses except for courses delivered by the Institute for the Creative Arts, the Centre of Agriculture, Aquatics and Animal Sciences and the Gozo Campus are offered at the Main Campus address (above).

Courses delivered by the Institute for the Creative Arts, the Centre of Agriculture, Aquatics and Animal Sciences, or the Gozo Campus, are offered in one of the following addresses as applicable:

Institute for the Creative Arts
Mosta Campus
Misraħ Għonoq Tarġa Gap,

Institute of Applied Sciences
Centre of Agriculture, Aquatics and Animal Sciences,
Luqa Road, Qormi

Gozo Campus
J.F. De Chambray Street
MCAST, Għajnsielem

In the case of courses delivered via Online Learning, students will be following the programme from their preferred location/address.

Programmes delivered via Blended Learning, and which therefore contain both an online and a face to face component shall be delivered as follows:

Face to Face components – as per above address instructions
Online components – from the student’s preferred address.

Course Description/Deskrizzjoni tal-Kors


This course is aimed at people who would like to venture in one of the many careers related to financial services. The first year of studies introduces learners to generic areas of financial services including the world of insurance. In the second year of studies, learners will then choose an area of specialisation. Specialisation can be either in financial services or else in insurance. This approach ensures that any learner following this course is exposed to different areas of the financial services world, thus giving them better flexibility in career prospects. Learners choosing the main area of expertise will be very strong in the specific area chosen, while having a good understanding of the other area.

Students taking this course at the Gozo Campus can only pursue the Financial Services specialisation stream in the second year of the course. Students opting for the Insurance Studies stream will need to continue their studies at the MCAST Main Campus in Paola.


Dan il-kors huwa mmirat għal studenti prospettivi li qegħdin jaspiraw għal karriera fid-dinja tas-Servizzi Finanzjarji. L-ewwel sena tal-kors hija maħsuba biex tintroduċi lill-istudenti għas-setturi differenti tal-industrija tasservizzi finanzjarji, inkluż l-assigurazzjoni. Fit-tieni sena tal-kors, l-istudenti jagħżlu li jispeċjalizzaw jew fil-qasam tas-servizzi finanzjarji u bankarji jew inkella fl-istudji tal-assigurazzjoni. B’dan il-mod, fl-ewwel sena l-istudenti jieħdu bażi soda tal-aspetti u l-oqsma kollha tas-servizzi finanzjarji u għaldaqstant ikollhom aktar flessibbiltà mil-lat ta’ impjiegi. Permezz tal-għażla ta’ speċjalizzazzjoni fit-tieni sena, l-istudenti jieħdu għarfien aktar fil-fond fis-settur tal-għażla tagħhom filwaqt li jkollhom għarfien adegwat fis-setturi l-oħra.

NOTA: Studenti ta’ dan il-kors li jattendu l-Kampus ta’ Għawdex, ikunu jistgħu biss isegwu l-ispeċjaliżazzjoni ta-Servizzi Finanzjarji fit-tieni sena tal-kors. L-istudenti li jagħżlu li jispeċjalizzaw fl-Assigurazzjoni jkunu meħtieġa jkomplu l-istudji tagħhom fil-Kampus Ewlieni tal-MCAST f’Raħal Ġdid.

Career Opportunities

Within the Insurance Industry:
Account Handler
Claims Handler
Insurance Claims Surveyor
Insurance Clerk
Within the Financial Services Industry:
Bank Cashier
Clerical and other Officer roles within Banks and other Financial Services Institutions
Entry requirements(Refer to Programme Specification)

Any MCAST Level 3 Diploma
4 SEC/O-Level/SSC&P (Level 3) passes
Compulsory: English Language and Mathematics
Programme Learning Outcomes (Refer to Programme Specification)

At the end of the programme the learner will be able to:
1.Understand the nature of the insurance or financial market, their structure and main features according to chosen area.
2.Apply literacy, numeracy and soft skills which are considered as a necessity to be an effective team player within a Financial and Insurance Services Organisation.
3.Understand the need for the value of effective customer services within these sectors.
4.Understand the ways in which regulation and legislation impact on and are relevant to an organization and the financial services and Insurance industry in general.
Teaching, Learning and Assessment Procedures

The programmes offered are vocational in nature and entail both theoretical lectures delivered in classes as well as practical elements that are delivered in laboratories, workshops, salons, simulators as the module requirements dictate.

Each module or unit entails a number of in person and/or online contact learning hours that are delivered by the lecturer or tutor directly (See also section ‘Total Learning Hours).

Access to all resources is provided to all registered students. These include study resources in paper or electronic format through the Library and Resource Centre as well as tools, software, equipment and machinery that are provided by the respective institutes depending on the requirements of the course or module.

Students may however be required to provide consumable material for use during practical sessions and projects unless these are explicitly provided by the College.

All Units of study are assessed throughout the academic year through continuous assessment using a variety of assessment tools. Coursework tasks are exclusively based on the Learning Outcomes and Grading Criteria as prescribed in the course specification. The Learning Outcomes and Grading Criteria are communicated to the Student via the coursework documentation.

The method of assessment shall reflect the Level, credit points (ECTS) and the schedule of time-tabled/non-timetabled hours of learning of each study unit. A variety of assessment instruments, not solely Time Constrained Assignments/Exams, are used to gather and interpret evidence of Student competence toward pre-established grading criteria that are aligned to the learning outcomes of each unit of the programme of study.

Grading criteria are assessed through a number of tasks, each task being assigned a number of marks. The number of grading criteria is included in the respective Programme Specification.
The distribution of marks and assessment mode depends on the nature and objectives of the unit in question.

Coursework shall normally be completed during the semester in which the Unit is delivered.

Time-constrained assignments may be held between 8 am and 8 pm during the delivery period of a Unit, or at the end of the semester in which the Unit is completed. The dates are notified and published on the Institute notice boards or through other means of communication.

Certain circumstances (such as but not limited to the Covid 19 pandemic) may lead Institutes and Centres to hold teaching and assessment remotely (online) as per MCAST QA Policy and Standard for Online Teaching, Learning and Assessment (Doc 020) available via link

The Programme Regulations pertaining to this Programme’s MQF/EQF level available at: link, apply.

Grading System

All MCAST programmes adopt a Learner-centred approach through the focus on Learning Outcomes. The assessment of MCAST programmes is criterion-referenced and thus assessors are required to assess learners’ evidence against a pre-determined set of Learning Outcomes and Assessment Criteria.

For a student to be deemed to have successfully passed a unit, a minimum of 50% (grade D) must be achieved.

All full time units are individually graded as follows:
A* (90-100)
A (80-89)
B (70-79)
C (60-69)
D (50-59)
Unsatisfactory work is graded as ‘U’.

Work-based learning units are graded on a Pass/Fail basis only.

Detailed information regarding the grading system may be found in the Programme Regulations pertaining to this programme’sMQF/EQF Level available at: link

Contact details for Further Learning Opportunities

MCAST Career Guidance
Tel: 2398 7135/6
Regulatory Body/ Competent Authority Contact Details (where applicable – in the case of a programme leading to Regulated Profession)

Download PIT (Public Information Template) pdf here  

Last updated: 2024-07-16