Banking and Finance is one of the ideal courses suitable for commercial students. To get admission into any higher education institution for Full Time Study in Nigeria, you will need to sit for a Jamb exam. In this article, we will provide you with the O’Level Requirements, Direct Entry Requirements, and most importantly, the compulsory jamb subject combination suitable for the UTME Exams.
The position of a banker is very high in demand in Nigeria and has a greater possibility of securing high-paying positions. If you are a student who wants to work as one after school, the starting step will be to secure admission for the course.
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.
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.
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.
Direct Entry Requirements to Study Banking and Finance
Faculty of Administration
- Two (2) ‘A’ level passes chosen from Accounting, Economics, Management, Mathematics, Geography and Statistics. You can also visit the Jamb Brochure to get more details on your proposed field.
- National Diploma (ND) or Higher National Diploma (HND) in Banking and Finance with either an upper or lower credit respectively.
Faculty of Social and Management Science
- NCE credit, ND, HND lower credit and approved equivalent are acceptable.
Jamb Subject Combination for Banking and Finance
Faculty of Administration
- English
- Mathematics
- Economics
- Any one of Government and Geography.
Faculty of Social and Management Science
- English
- Mathematics
- One Social Science subject
- Any other subject
Universities that Offer Banking and Finance
Faculty of Administration
- AAUA: Adekunle Ajasin University (Akungba, Ondo State, Nigeria)
- ABSU: Abia State University (Uturu, Abia State, Nigeria)
- CARITAS: Caritas University (Amorji-Nike, Enugu State, Nigeria)
- DELSU: Delta State University (Abraka, Delta State, Nigeria)
- EBSU: Ebonyi State University (Abakaliki, Ebonyi State, Nigeria)
- EKSU: Ekiti State University (Ado-Ekiti, Ekiti State, Nigeria)
- ELIZADE: Elizade University (Ilara-Mokin, Ondo State, Nigeria)
- EPU: Eastern Palm University (Ogboko, Imo State, Nigeria)
- ESUTECH: Enugu State University of Science and Technology (Enugu, Enugu State, Nigeria)
- EVANGEL: Evangel University (Akaeze, Ebonyi State, Nigeria)
- FED-WUKARI: Federal University Wukari (Wukari, Taraba State, Nigeria)
- IGBINEDION: Igbinedion University Okada (Okada, Edo State, Nigeria)
- IMSU: Imo State University (Owerri, Imo State, Nigeria)
- JOS: University of Jos (Jos, Plateau State, Nigeria)
- MADONNA: Madonna University (Elele, Rivers State, Nigeria)
- MCPHERSON: McPherson University (Seriki Sotayo, Ogun State, Nigeria)
- MKAR: University of Mkar (Mkar, Benue State, Nigeria)
- NASARAWA: Nasarawa State University (Keffi, Nasarawa State, Nigeria)
- OOU: Olabisi Onabanjo University (Ago-Iwoye, Ogun State, Nigeria)
- PAUL: Paul University (Awka, Anambra State, Nigeria)
- PHC: University of Port Harcourt (Port Harcourt, Rivers State, Nigeria)
- RSUST: Rivers State University (Port Harcourt, Rivers State, Nigeria)
- TANSIAN: Tansian University (Oba, Anambra State, Nigeria)
- UDU: Usmanu Danfodiyo University (Sokoto, Sokoto State, Nigeria)
- UNIOSUN: Osun State University (Osogbo, Osun State, Nigeria)
- UNIZIK: Nnamdi Azikiwe University (Awka, Anambra State, Nigeria)
- UNN: University of Nigeria (Nsukka, Enugu State, Nigeria)
- UYO: University of Uyo (Uyo, Akwa Ibom State, Nigeria)
- WELLSPRING: Wellspring University (Benin City, Edo State, Nigeria)
- WESTERN: DEL Western Delta University (Oghara, Delta State, Nigeria)
- AUN: American University of Nigeria (Yola, Adamawa State, Nigeria) (offers the course as FINANCE)
- LAGOS: University of Lagos (Lagos, Lagos State, Nigeria) (offers the course as FINANCE)
Faculty of Social and Management Science
- AAU: Ambrose Alli University, Ekpoma, Edo State
- ABUAD: Afe Babalola University, Ado-Ekiti, Ekiti State
- ABUJA: University of Abuja, Abuja, Federal Capital Territory
- ACHIEVERS: Achievers University, Owo, Ondo State
- AJAYI: Ajayi Crowther University, Oyo, Oyo State
- AL-HIKMAH: Al-Hikmah University, Ilorin, Kwara State
- ARTHUR-JARVIS: Arthur Jarvis University, Akpabuyo, Cross River State
- AUGUSTINE: Augustine University, Ilara, Lagos State
- BABCOCK: Babcock University, Ilishan-Remo, Ogun State
- BAYERO: Bayero University Kano, Kano State
- BAZE: Baze University, Abuja, Federal Capital Territory
- BELLS: Bells University of Technology, Ota, Ogun State
- BENIN: University of Benin, Benin City, Edo State
- BIU: Bingham University, Karu, Nasarawa State
- BOWEN: Bowen University, Iwo, Osun State
- CALABAR: University of Calabar, Calabar, Cross River State
- CALEB: Caleb University, Imota, Lagos State
- CHRISLAND: Chrisland University, Owode, Ogun State
- CHRISTOPHER: Christopher University, Mowe, Ogun State
- COOU: Chukwuemeka Odumegwu Ojukwu University, Uli, Anambra State
- COVENANT: Covenant University, Ota, Ogun State
- CRAWFORD: Crawford University, Igbesa, Ogun State
- CROWN-HILL: Crown-Hill University, Eiyenkorin, Kwara State
- CUAB: Crescent University, Abeokuta, Ogun State
- EDSU: Edo State University, Uzairue, Edo State,
- EDWIN CLARK: Edwin Clark University, Kiagbodo, Delta State
- EKSU: Ekiti State University, Ado Ekiti, Ekiti State
- FED-NDUFU: Federal University Ndufu-Alike Ikwo, Ebonyi State
- FED-OTUOKE: Federal University Otuoke, Otuoke, Bayelsa State
- FED-OYEEKITI: Federal University Oye-Ekiti, Oye-Ekiti, Ekiti State
- FOUNTAIN: Fountain University, Osogbo, Osun State
- GOUU: Godfrey Okoye University, Ugwuomu-Nike, Enugu State
- GREGORY: Gregory University, Uturu, Abia State
- HALLMARK: Hallmark University, Ijebu-Itele, Ogun State
- KOLADAISI: Koladaisi University, Ibadan, Oyo State
- KSU: Kogi State University, Anyigba, Kogi State
- KWASU: Kwara State University, Ilorin, Kwara State
- LANDMARK: Landmark University, Omu-Aran, Kwara State
- LASU: Lagos State University, Ojo, Lagos State
- LEGACY: Legacy University, Okija, Anambra State
- MAIDUGURI: University of Maiduguri, Maiduguri, Borno State
- MC-IBRU: Ibru College of Technology, Agbarha-Otor, Delta State
- MOUNTAIN TOP: Mountain Top University, Ogun State
- NDU: Niger Delta University, Wilberforce Island, Bayelsa State
- NTNU: Nigeria Turkish Nile University, Abuja, Federal Capital Territory
- OBONG: Obong University, Obong Ntak, Akwa Ibom State
- ODUDUWA: Obafemi Awolowo University, Ile-Ife, Osun State
- PAN-ATLANTIC: Pan-Atlantic University, Lagos, Lagos State
- POL-ACAD: Nigerian Police Academy, Wudil, Kano State
- REDEEMERS: Redeemer’s University, Ede, Osun State
- RENAISSANCE: Renaissance University, Ugbawka, Enugu State
- RHEMA: Rhema University, Aba, Abia State
- SALEM: Salem University, Lokoja, Kogi State
- SAU: Samuel Adegboyega University, Ogwa, Edo State
- SOUTHWESTERN: Southwestern University, Okun-Owa, Ogun State
- SUMMIT: Summit University, Offa, Kwara State
- UNIKINGS: Kings University, Ode-Omu, Osun State
- VERITAS: Veritas University, Abuja, Federal Capital Territory
- WESLEYUNI: Wesley University, Ondo, Ondo State
- WESTERN-DEL: Western Delta University, Oghara, Delta State
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.
