Banking and Finance

What Is a Banking and Finance Degree?

A banking and finance degree prepares students who are looking forward to a career in business and/or personal finance. Students wanting to work within the world’s financial markets, which pulsates the world’s economy, should pursue a degree in banking and finance.

Banking dates back to 2000 BC and, although it has morphed into many different incarnations since Ancient times, banking proves to be the cornerstone of any nation’s financial health within the national and international economic markets.

Because of its importance within an economy, banking is a highly regulated industry in most countries, and students earning their degree in banking and finance will come to understand the importance of banking regulation in the prevention of corruption and economic collapse.

Finance studies business, personal and public assets, and how these assets are invested in both profitable and unprofitable economic times. Finance plays a crucial role in the world’s financial markets, studying and attempting to predict the best way to invest monies and avoiding financial failure should the markets experience a fall-out.

Students who enjoy the excitement of the world’s capital (stocks and bonds), commodities, money, derivatives, futures, insurance and foreign exchange markets are well-suited to earn a banking and finance degree. This degree prepares students to enter into the exhilarating field of banking and investment, which literally changes on a minute-by-minute basis.

Banking and Finance Job Opportunities

The field of banking and finance is a broad one, and graduating students can work on the operations or investing side depending on their preference.

Perhaps the most well-known vocation to stem from a banking and finance degree is a banker him or herself. Retail bankers begin their careers as management trainees, assisting customers with their everyday banking needs. The starting pay for this work is minimal, ranging from £18,000 to £25,000 depending on where you work. Promotion opportunities are great in retail banking, however, with the long-term goal becoming branch manager. Branch managers command upwards of £80,000, with – in some cases – cost of living bonuses ranging from £1,000 to £3,000 per month, again, depending on where you work.

Graduates looking to get into the investment markets can find work either as a financial trader or investment analyst. Financial traders are in thick of the financial markets, buying and selling investment instruments per the client’s instruction and/or investment interest. Salaries minimally begin at £30,000 for financial traders. The field, however, generously rewards experienced traders. Senior traders can earn as much as £150,000, and if you specialise in trading lucrative derivatives, you’re looking at earning anywhere from £140,000 to £230,000.

Graduates with a flair of the analytical kind will thrive as investment analysts. Here, instead of trading “on the floor” for your clients, you will conduct extensive analysis of financial vehicles for your clients, who are fund managers overseeing pension funds, hedge funds, life assurance companies, investment trusts, unit trusts, banks and major corporations and so on. These managers reply on your analytical prowess to guide them in making the daily financial decisions within the funds. Salaries for investment analysts range from £28,000 to over £200,000, with lucrative percentage bonuses along the way.

Banking and Finance Curriculum

Students preparing to study for a banking and finance degree must be strong in mathematics and analytical skills. Students will learn and utilise accounting and finance skills and how they apply to both personal and business finance.

Students will also learn the structuring of business finance, including how businesses are organised. They will learn to apply their quantitative and analytical skills to numerous financial situations, and present the results of their analysis professionally in both verbal and written form. International economics and entrepreneurship is also important to the student earning a banking and finance degree.

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