Banking and Financial Support Services

Types of Degrees Banking and Financial Support Services Majors Are Getting

The following table lists how many banking and financial support services graduations there were for each degree level during the last year for which data was available.

Education Level	Number of Grads
Basic Certificate	430
Bachelor’s Degree	392
Associate Degree	148
Undergraduate Certificate	67
Master’s Degree	8
Graduate Certificate	3

What Banking and Financial Support Services Majors Need to Know

People with careers related to banking and financial support services were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Banking and Financial Support Services Majors

According to O*NET survey takers, a major in banking and financial support services should prepare you for careers in which you will need to be knowledgeable in the following areas:

• Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
• Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Skills for Banking and Financial Support Services Majors

When studying banking and financial support services, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Speaking - Talking to others to convey information effectively.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Social Perceptiveness - Being aware of others’ reactions and understanding why they react as they do.

Abilities for Banking and Financial Support Services Majors

As a banking and financial support services major, you will find yourself needing the following abilities:

• Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
• Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
• Written Comprehension - The ability to read and understand information and ideas presented in writing.
• Speech Recognition - The ability to identify and understand the speech of another person.
• Speech Clarity - The ability to speak clearly so others can understand you.

What Can You Do With a Banking and Financial Support Services Major?

People with a banking and financial support services degree often go into the following careers:

Job Title	Job Growth Rate	Median Salary
Loan Counselors	13.8%	$45,180
Loan Interviewers and Clerks	12.4%	$39,890

Who Is Getting a Bachelor’s Degree in Banking and Financial Support Services?

This major attracts more men than women. About 56% of the graduates in this field are male.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of banking and financial support services majors is as follows:

Race/Ethnicity	Number of Grads
Asian	51
Black or African American	33
Hispanic or Latino	131
White	134
International Students	25
Other Races/Ethnicities	18

Geographic Diversity

Students from other countries are interested in Banking and Financial Support Services, too. About 6.4% of those with this major are international students.

Amount of Education Required for Careers Related to Banking and Financial Support Services

Some careers associated with banking and financial support services require an advanced degree while some may not even require a bachelor’s. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

Find out what the typical degree level is for banking and financial support services careers below.

Education Level	Percentage of Workers
Less than a High School Diploma	1.1%
High School Diploma - or the equivalent (for example, GED)	52.8%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)	2.7%
Some College Courses	14.7%
Associate’s Degree (or other 2-year degree)	6.3%
Bachelor’s Degree	22.1%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.	0.0%

Online Banking and Financial Support Services Programs

The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level	Colleges Offering Programs	Colleges Offering Online Classes
Certificate (Less Than 1 Year)	0	0
Certificate (1-2 years)	31	6
Certificate (2-4 Years)	1	0
Associate’s Degree	49	8
Bachelor’s Degree	5	4
Post-Baccalaureate	0	0
Master’s Degree	5	3
Post-Master’s	1	0
Doctor’s Degree (Research)	0	0
Doctor’s Degree (Professional Practice)	0	0
Doctor’s Degree (Other)	0	0

Majors Related to Banking and Financial Support Services

You may also be interested in one of the following majors related to banking and financial support services.

Major	Number of Grads
Finance	50,972
Financial Planning & Services	5,054
Other Finance and Financial Management Services	395
Investments and Securities	374
International Finance	141
Public Finance	25
Credit Management	2
Financial Risk Management	2

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• College Factual
• College Scorecard
• National Center for Education Statistics
• O*NET Online
• U.S. Bureau of Labor Statistics
• Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
• Image Credit: By Dave Dugdale under License

More about our data sources and methodologies.