Pursuing a bachelor’s degree in banking enables you to gain a detailed understanding of the banking industry, and knowledge of the principles of banking and financial services, investment banking, consumer credit, banking regulations, and international banking. You will also develop an aptitude for numbers, a keen attention to the little details, and strong analytical and communication skills. Here are some of the universities offering the program:
- New England College of Business, Massachusetts
- Atlantic International University, Hawaii
- Fayetteville State University, North Caroline
So, what jobs can you get with a bachelor’s degree in banking (and finance)? Find out below.
1. Credit Analyst
Commercial and retail banks, credit unions and other lending institutions rely on credit analysts to ensure loans are extended to creditworthy customers. They analyze the financial histories of credit applicants, calculate the risk involved in lending, and ultimately recommend whether the applicants should be awarded the loans they’re seeking. According to PayScale, credit analysts earn an average annual salary of $46,479.
2. Banking Product Manager
To stay ahead of the competition, many banks focus on designing and offering products or services that can attract more customers. Banking product managers are hired to make sure new products achieve the desired goals. These managers are responsible for overseeing the development of the products, organizing and coordinating their launches, developing marketing plans, and tracking sales progress. PayScale reports banking product managers earn an average annual pay of $76,085.
3. Equity Analyst
Equity analysts typically work in investment banks and brokerages where they help stock investors to make wise investment decisions. They analyze the financial performance of various publicly-held companies and provide share price forecasts. Investors and their advisors use these forecasts to determine whether or not to invest in a company. As an equity analyst, PayScale says you can expect to earn about $71,389 a year.
4. Banking Operations Specialist
A bachelor’s degree in banking can also help secure employment as a banking operations specialist. You will be responsible for ensuring all business operations in a bank branch are executed in a smooth and orderly manner. Before the bank opens for business, for instance, you will ensure each counter is equipped with a computer, cash counting machine, and other necessary equipment. Other duties include ensuring the accurate completion of customer requests and resolving operational challenges. According to Indeed, bank operations specialists earn an average annual salary of $51,000.
5. Banking Consultant
After accumulating substantial banking experience, you can move into self-employment and become a banking consultant. Your job will be to help banks, credit unions and microfinance institutions to develop and implement various business strategies. For example, you can be contracted by a commercial bank to help it map out a regional expansion strategy. Can you become a banking consultant without relevant experience? Absolutely – established banking consultancies are always looking to hire fresh graduates to join their pool of consultants. Indeed reports that banking consultants earn an average annual salary of $102,000.
These are some of jobs a bachelor’s degree in banking can get you. You could also become a teller, a private banking consultant, a corporate banking account manager, or a bank examiner. With vast experience and advanced qualifications, you can progress to become the manager of your branch. Good luck!