1 What is Banking and Finance?
Banking and Finance is not that simple. It is a very broad field that is very deep in financial-related activities. It is a financial business operation carried out by banks and specialized financial instruments to handle various financial transactions, including acceptance of deposits, loans, and payments.
2 Why Study Banking and Finance as a Course?
Banking and Finance play a very important role in the economy, therefore it is a career that is usually worth the effort especially when you consider how big the industry is now in Nigeria. As a potential banking and finance student, you might actually be told that the course is only one directional path which is not so. You can be open to multiple career options in different sectors including Insurance, and banking.
Aside from that, you will also be equipped with knowledge on how to save and invest money the right way to secure the best returns. The teaching of banking and finance usually comes with managerial skills which will no doubt be very useful in your sojourn, especially in the area of humans and money management.
Lastly, it is a career option that pays well especially if you are able to go for professional banking courses.
Note: Please be aware that the requirements listed below may vary in some schools. In such cases, it is recommended to refer to the PDF version of the JAMB Brochure for accurate information.
3 O’Level Requirements to Study Banking and Finance
Faculty of Administration
To Study banking and finance at a Nigerian University, you must have Five (5) SSCE credit passes to include English Language, Mathematics, and any other relevant subjects. The credit passes can be attained at two sittings but few schools in Nigeria may specify that O’level credit passes should be acquired in just one sitting.
Faculty of Social and Management Science
Five (5) SSCE credit passes including English Language, Mathematics, Economics and two (2) other relevant subjects.
7 FREQUENTLY ASKED QUESTIONS
Is Banking and Finance a Commercial or Art course?
Banking and Finance is basically a commercial course. In most Nigerian Universities, it falls under the Faculty of Administration. However, Arts students can also study it, depending on the subjects they passed in the SSCE.
Can Science Students Study Banking and Finance?
Science students who want to make a change will be able to study Banking and Finance. However, This will depend on whether they meet the subject requirements in their SSCE.
What Jobs can I apply for after studying Banking and Finance?
A degree in Banking and Finance can open up various career paths for you. Individuals with a degree in Banking and Finance can pursue various positions, including Bank Manager, Financial Analyst, Investment Analyst, Loan Officer, Credit Analyst, Bank Teller, Risk Analyst, Financial Consultant, Treasury Analyst, Financial Planner, Mortgage Broker, Insurance Underwriter, Auditor, Accountant, Compliance Officer, and Corporate Finance Analyst.
How many years does it take to Study Banking and Finance?
It takes a minimum of 4 years to earn a degree in Banking and Finance. However, if you are a direct entry student, this should take at least 3 years since you are more likely to start from the 200 Level.
What is the cut-off mark for Banking and Finance?
Students who score at least a minimum of 140 in the JAMB UTME are eligible to participate in the POST UTME as part of the requirements for applying to study Banking and Finance in their chosen universities.
Note: Note that the conditions mentioned above might differ in some universities. In such instances, it is advisable to check the PDF version of the JAMB Brochure for precise details. You can also access Jamb Subject Combination for other courses.