What Types of Degrees are Available in Banking?
Banking degrees can be obtained at several levels, and can take a number of different forms, such as a specific degree in banking, or a degree in a related field that includes banking coursework or specialization. Read on for information regarding the types of banking degrees that are available.
Types of Banking Degrees
A degree in banking qualifies graduates to pursue a variety of finance-related careers. Degrees can be earned at the associate, bachelor's and master's level. A typical banking degree is part of a business or finance program, and can encompass a variety of concentrations and focus areas.
<h3 id="section---ImportantFactsAboutThisFieldOfStudy">Important Facts about This Field of Study</h3><p></p><table border="1"><tr><td>Common Courses</td><td> Accounting, statistics, economics, management</td></tr>
<tr><td>Concentrations</td><td> Accounting, finance, risk managment</td></tr>
<tr><td>Possible Careers</td><td> Bank teller, financial planner, credit counselor</td></tr>
<tr><td>Online Availability</td><td> Online bachelors and masters programs available</td></tr>
<tr><td> Median Salary (2021) </td><td> $94,170 (<i>for all personal financial advisors</i>)</td></tr>
<tr><td> Job Outlook (2021-2031)</td><td> 15% growth (<i>for all personal financial advisors</i>)</td></tr>
</table><p><i>Source: U.S. Bureau of Labor Statistics</i>
</p><h3 id="section---AssociateOfAppliedScienceInBankingAndFinance">Associate of Applied Science in Banking and Finance</h3><p>An Associate of Applied Science (A.A.S.) in Banking and Finance can usually be completed in two years or less and introduces students to the basics of economics. Students are required to complete general education coursework, such as public speaking and English composition, as well as introductory coursework in finance and banking. Graduates may gain entry-level employment in the field of banking, pursue further study in the field or both.
</p><h3 id="section---BachelorOfBusinessAdministrationBankingConcentration">Bachelor of Business Administration (Banking Concentration)</h3><p>Many universities offer a Bachelor of Business Administration (B.B.A.) degree program with a concentration in banking. These programs are designed to provide students with a firm foundation in business while offering more specialized training in banking. Students typically complete a number of general business courses, including accounting and marketing, and a certain number of general education courses in science and history, for instance. Most importantly, candidates take concentration courses where they learn banking-related topics such as financial management and commercial bank management. These courses help prepare them for banking careers or for more advanced study in the field.
</p><h3 id="section---MasterOfScienceInAccountingAndFinance">Master of Science in Accounting and Finance</h3><p>A Master of Science degree (M.S.) in accounting and finance allows students to expand upon the education they receive in a B.B.A. program. Students are introduced to advanced banking topics, such as securities markets, investment analysis and advanced economic theories. An M.S. degree in Accounting and Finance may qualify graduates for higher-level positions, such as branch manager or mortgage banker.</p>