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Banking & Financial Support Services Major

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Banking & Financial Support Services

698 Bachelor's Degrees Annually
19 Master's Degrees Annually
#43 in Popularity
$38,220 Median Salary

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 2018-2019 for each degree level.

Education Level Number of Grads
Bachelor’s Degree 698
Basic Certificate 215
Associate’s Degree 134
Undergraduate Certificate 89
Master’s Degree 19
Graduate Certificate 2

What Banking & Financial Support Services 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:

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  • 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

The following list of skills has been highlighted as some of the most essential for careers related to banking and financial support services:

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  • 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

A major in banking and financial support services will prepare for your careers in which the following abilities are important:

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  • 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?

698 Bachelor's Degrees Annually
37% Percent Women
39% Percent Racial-Ethnic Minorities*
This major tends to be male dominated. About 63% 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:

Racial-Ethnic Diversity of Banking and Financial Support Services Students with Bachelor's Degrees
Race/Ethnicity Number of Grads
Asian 59
Black or African American 71
Hispanic or Latino 122
White 289
International Students 126
Other Races/Ethnicities 31

Geographic Diversity

Students from other countries are interested in Banking and Financial Support Services, too. About 18.1% 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 the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

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.

Median Salary for a Banking & Financial Support Services Major  ( 37000 to 41310 )
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

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.

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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 2018-2019, 142 schools offered a banking and financial support services program of some type. 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) 61 12
Certificate (1-2 years) 36 7
Certificate (2-4 Years) 1 1
Associate’s Degree 73 16
Bachelor’s Degree 2 2
Post-Baccalaureate 61 12
Master’s Degree 6 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

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.

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

Major Number of Grads
Finance 51,049
Financial Planning & Services 3,238
Other Finance and Financial Management Services 403
Investments and Securities 229
International Finance 53
Public Finance 50
Credit Management 7

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.

More about our data sources and methodologies.

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