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3 Common College Degrees of Bankers

The world of banking and finance has seen so much growth over the years, especially with its acceptance requirements. In the past, banking seemed restricted to those with finance-related degrees like economics and accounting. Still, thanks to evolution and the introduction of new banking sectors, this has changed.

There are different banking degrees available at different levels, and these degrees offer users unique benefits that help them prepare for great careers in the banking and finance sector. If you're interested in getting into this field, we've put together a definitive guide on the different types of banking degrees you can consider, when to consider them and how they'll aid in your personal growth as a business owner or banking professional.

Why get a banking degree?

3 Common College Degrees of Bankers

A banking degree isn't only great for a banking and financial career. Depending on the degree you pursue, you're going to be equipped with so many skills that can be used in various ways all around the globe. You'll be provided with new opportunities through these different programs, especially since the banking and financial scene is constantly evolving and growing.

3 Common College Degrees of Bankers

3 Common College Degrees of Bankers

Here are three common banking degrees to consider.

1. Associate Degree in Banking & Finance

The associate degree program is a two-year program that introduces all students to the fundamental principles of finance and banking. It's usually taught in community colleges and involves lots of group projects, class discussions, examinations, and assignments. Choosing to pursue this associate degree should be after thorough thinking and guidance by the best college counselors around you.

The associate degree program eliminates all courses related to liberal arts and the sciences, allowing every student to focus entirely on their preferred field of interest, which in this case is banking and finance. An associate degree holder can find work as a teller, junior loan officer in a financial institution, or credit manager assistant. Some of the courses they study include Introduction to banking, financial accounting, and statistical methods.

2. Bachelor's Degree in Economics

If you're looking to understand the economic trends and the best methods you can use in predicting them, a degree in economics might be the right fit. An undergraduate degree in economics exposes you to varying economic trends such as consumer confidence, wage levels, inflation rates, unemployment rates, and business checking. After obtaining this degree, you're more than able to provide insight into all economic trends, which will help create economic policies and better investment banking practices.

3. Bachelor's Degree in Banking and Finance

The highest educational background from which bankers come into the industry is finance. Many others go into the sector through degrees that include accounting, business, and economics. Still, the truth is many of these courses are made up of overlapping information that makes it easier for professionals to settle into banking.

With a degree in banking and finance, you'll gain more than enough insight and knowledge into the financial sector to help you have a better understanding of societal and cultural forces affecting banking. In addition to this, you're taught different topics within the sciences and liberal arts to help you understand how they affect banking and money in general. You can apply for asset management, financial advisor, accountant, or loan officer positions in a private company with such a degree.

If you're looking for a way to better study a specific part of banking or finance, these three banking degrees listed above can help. You can also consider getting a master's degree or MBA. Some people choose a specialized graduate program, while others prefer to invest in an MBA. No matter the option you choose, you're going to be equipped with in-depth knowledge of business practices, project management, finance, and more, which can expand your career options in the long run.
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