The concepts of money and bank can be counted as the most important concepts in our lives. With the beginning of the use of money in history, the concept of banking began to develop, albeit primitive. Now, in the globalizing world where money flows and markets are highly volatile and fast, the banking profession holds an important point in order to bring order to irregularities and to carry out market transactions. What is the Department of Banking, what do its graduates do, what are the job opportunities, how many years does the Department of Banking last, what are the courses; Let’s see together.
What is the Banking Department?
The banking section examines the working of banks and various financial actors (individuals, firms, governments) in the transfer, protection, and evaluation of money. It is expected that the people who will carry out this study will be trained in this department. Bankers, who will be trained in the department, handle the financial status of their customers, their service skills, and banking and insurance activities.
How Many Years is the Education of the Department of Banking?
Banking Undergraduate Program lasts 4 years. Graduates of this department start their business life with the title of “Banker” or “Finance Specialist”. There are several other sections that can be alternatives to this section:
International Finance and Banking (4-Year Bachelor)
Banking and Finance (4-Year Bachelor)
Banking and Insurance (2-Year Associate Degree)
The experts that these departments want to train have similar skills.
What are the Banking Department Courses?
Some of the courses you can take in the Banking Department, which recruits candidates with the Equal Weight score type, are as follows:
● Effective Communication Techniques
● Business Science
● Law of Obligations
● Economy (Macro, Micro)
● Corporate Accounting
● Financial Accounting
● Financial Statement Analysis
● Economic History of Financial Crises
● Banking Activities
● Audit in Banking
We can list the universities with the Banking Department as follows:
● Akdeniz University
● Ankara Yıldırım Beyazıt University
● Bolu İzzet Baysal University
● Eastern Mediterranean University
● Bilecik Sheikh Edebali University
● Balikesir University
● Ataturk University
● Süleyman Demirel University
● Cankaya University
● Istanbul Commerce University
● Istanbul Arel University
What Do Banking Graduates Do?
Bankers or finance professionals who graduated from the Department of Banking have many fields of work, both in the private sector and in the public sector. These people can find jobs in banks, companies, insurance companies, financial institutions, audit firms or they may prefer consulting.
How Much Salary Do Banking Graduates Get?
Salaries of graduates from the Department of Banking vary according to the sector they work in, the company, and the field they specialize in. Banking graduates who start working in a private bank start working with minimum wage and premium. The starting salaries of inspectors and experts vary between 4,000 TL and 4,500 TL. Department graduates who start working in public banks start to work with a salary of around 3,800 TL.
What are the Challenges of the Banking Department?
One of the main challenges of the department is to distinguish itself among graduates of many different departments who can practice the banking profession. When the students of the department graduate and start looking for a job, they will struggle with the graduates of Business, Economics, Economics and even engineering departments.
Who Can Succeed in Banking?
Candidates who want to choose this department should be careful, responsible, enjoy calculating, don’t mind long working hours, have a stress-resistant structure, and have strong analytical skills.
What are the Job Opportunities of the Banking Department?
The job opportunities of the department are good. However, this is a factor that should not be seen as a plus when we add the number of candidates who want to work in this field into the equation. Bankers who want to have a successful career must develop themselves in different areas of the sector, have good foreign language skills and business ethics.
What are the Foreign Opportunities of the Banking Department?
If the students of the department develop themselves especially in the field of international banking, they can open their doors abroad. It will be very easy to work abroad for all candidates and employees who make themselves successful in their field. Working in international companies will increase this possibility. Although there is no 100% English Banking Department, universities can add 1 year English preparatory class. Candidates who have a dream abroad should definitely improve themselves in foreign language.
In Which Fields Can Banking Graduates Specialize?
Graduates of the department should definitely educate themselves on the subject they want to specialize in before they graduate. Areas such as banking, auditing and accounting are among the areas that can be preferred. In this regard, it is recommended that students consult with their advisors.
What is the Future of the Banking Department?
Banking is in a structure that constantly evolves and changes itself with the different shapes the world takes. Considering that a utopian future where money and financial institutions will leave our lives is far from us, the future of Banking, which is a sector that will never end, seems to be under protection.
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