In layman’s terms banking is defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit. With time the ambit of bans has widened immensely. Banking now includes lockers, ATM services, debit and credit cards activity, online transactions and much more. Banking systems create and control the money supply chain of a country. The bank is the source which groups our savings and channelizes this money into investments through risk transformations and maturity pumping the country’s economy.
Banking is an ever-expanding domain that attracts a lot of students. Many of whom opt for studying banking and finance. A degree in banking can be earned at the bachelor’s, associate or the master’s level. A banking degree is part of a finance or business program. It qualifies a student to pursue a career in the field of finance. There are many courses in banking that can be done. Here is a list of courses available in the field:
- Associate of Applied Science in Banking and Finance- The course can be completed in two years or less. Students are required to complete general education coursework, such as public speaking and English composition, economics and introductory coursework in finance and banking. Graduates may gain entry-level employment in the field of banking.
- Bachelor of Business Administration (Banking) – Many universities offer a Bachelor of Business Administration (B.B.A.) degree program in banking. These programs are designed to provide students with a firm foundation in business while offering more specialized training in banking. Students take 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.
- Master of Science in Accounting and Finance – The degree allows students to expand upon the B.B.A. program. They are introduced to advanced banking topics, such as securities markets, investment analysis, and advanced economic theories. The degree qualifies graduates for higher-level positions, such as branch manager or mortgage banker.
The field of banking is very diverse and people with varied interests and skills can be found here. There are countless certificate programs, graduate level, and postgraduate level courses available for students to pursue.