Banking & Financial Support Services

Types of Degrees Banking & Financial Support Services Majors Are Getting

The following table lists how many banking and financial support services graduations there were in 2020-2021 for each degree level.

Education Level	Number of Grads
Bachelor’s Degree	520
Basic Certificate	266
Associate Degree	144
Undergraduate Certificate	65
Graduate Certificate	22
Master’s Degree	5

What Banking & Financial Support Services Majors Need to Know

O*NET surveyed people in occupations related to banking and financial support services and asked them what knowledge areas, skills, and abilities were important for their jobs. The responses were rated on a scale of 1 to 5 with 5 being most important.

Knowledge Areas for Banking and Financial Support Services Majors

This major prepares you for careers in which these knowledge areas are important:

• 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

As you progress with your banking and financial support services degree, there are several abilities you should pick up that will help you in whatever related career you choose. These abilities include:

• 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 & Financial Support Services Major?

Below is a list of occupations associated with banking and financial support services:

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 & Financial Support Services?

This major tends to be male dominated. About 61% 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	63
Black or African American	51
Hispanic or Latino	110
White	213
International Students	56
Other Races/Ethnicities	27

Geographic Diversity

Americans aren’t the only ones with an interest in Banking and Financial Support Services. About 10.8% of those with this major are international students.

How Much Do Banking & Financial Support Services 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 Banking & Financial Support Services

Some degrees associated with banking and financial support services may require an advanced degree, while others may not even require a bachelor’s in the field. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

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 & Financial Support Services Programs

In the 2020-2021 academic year, 132 schools offered some type of banking and financial support services program. 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)	34	4
Certificate (2-4 Years)	2	1
Associate’s Degree	58	13
Bachelor’s Degree	4	3
Post-Baccalaureate	0	0
Master’s Degree	5	1
Post-Master’s	0	0
Doctor’s Degree (Research)	0	0
Doctor’s Degree (Professional Practice)	0	0
Doctor’s Degree (Other)	0	0

Is a Degree in Banking & Financial Support Services 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 Banking & 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	51,779
Financial Planning & Services	4,087
Other Finance and Financial Management Services	362
Investments and Securities	346
International Finance	123
Public Finance	48
Credit Management	10
Financial Risk Management	1

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.