In order to work in the banking industry you will need to understand all aspects of the business and finance as they relate to the local communities. A banker will asses the funding needs for many situations, which will include real estate, small businesses, and international trade as well. Also a banker will need to have the ability to assist their customers and be able to communicate with them effectively.
There are bachelor degrees available for this type of career for anyone who may be interested in this particular field. Banking degree programs prepare students for the many aspects in regard to banking, which also shall include credit analyst, loan officer, branch manager, investment banker and financial planner. This page has details about the programs, where they can be taken, what the prospects are, and more … You might also be interested in a finance program or an accounting program.
What is studied in banking degree programs?
All students will need to have a high school diploma or the equivalent before ever being able to enroll into this kind of degree program. There are many schools that will want to take into consideration other items, like an applicant’s ACT/SAT score, high school GPA and also a personal recommendation.
The course work for the degree will cover a wide range of subjects so to prepare a student for graduation. Courses will include: Statistics, financial accounting, bank management, communications, credit analysis, international banking and business, financial planning, market research and investments.
A student will gain the good communication skills, that will be both written and verbal, which shall be needed to help interact with their customers. The graduates will also need to have the ability to make and also choose the right decisions in regard to finance, marketing and management.
What are the prospects for graduates?
According to the U. S. Bureau of Labor Statistics that about 63 % of jobs within this industry will go directly to bank tellers. Their average wages are quite rewarding. The ones who have their banking degree can get positions as a loan official with a high yearly salary that is expected to increase with experience. In time, the graduate shall become eligible to perform duties within a financial institution that will include lending, cash management, managing the banks employees, accounting and budgeting. They will be able to work at banks, loan lending offices and many financial institutions. Graduates with an MBA in Banking will be able to apply for better positions than those with only a bachelor degree.
It is being reported that by the year 2016 that the opportunities in this industry will increase by 3 to 10 percent making it a very sought-after career for those who wish to become involved in the banking industry. The BLS is reporting that the job outlook is quite promising for management and administrative positions in this kind of industry.
List of schools and programs