Types of Degrees 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
Bachelor’s Degree	474
Basic Certificate	256
Associate Degree	145
Undergraduate Certificate	68
Master’s Degree	9
Graduate Certificate	1

What Majors Need to Know

In an O*NET survey, banking and financial support services majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

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

banking and financial support services majors are found most commonly in careers in which the following skills are important:

• 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

Banking and Financial Support Services majors often go into careers where the following abilities are vital:

• 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 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 ?

This major tends to be male dominated. About 59% of recent graduates are men.

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	52
Black or African American	59
Hispanic or Latino	128
White	180
International Students	36
Other Races/Ethnicities	19

Geographic Diversity

Banking and Financial Support Services appeals to people across the globe. About 7.6% of those with this major are international students.

How Much Do Majors Make?

Salaries According to BLS

Average salaries range from $37,000 to $41,310 (25th to 75th percentile) for careers related to banking and financial support services. This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Amount of Education Required for Careers Related to

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 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	4
Certificate (2-4 Years)	2	2
Associate’s Degree	53	11
Bachelor’s Degree	5	4
Post-Baccalaureate	0	0
Master’s Degree	4	2
Post-Master’s	1	0
Doctor’s Degree (Research)	0	0
Doctor’s Degree (Professional Practice)	0	0
Doctor’s Degree (Other)	0	0

Is a Degree in Worth It?

The median salary for a banking and financial support services grad is $38,220 per year. This is based on the weighted average of the most common careers associated with the major.

Majors Related to

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

Major	Number of Grads
Finance	51,658
Financial Planning & Services	1,136
Other Finance and Financial Management Services	415
Investments and Securities	385
International Finance	93
Public Finance	41
Credit Management	9
Financial Risk Management	0

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.