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Banking And Finance Degrees And Job Opportunities
Banking and Finance deals with the dynamic, ever-changing world of financial investments, credits, money and securities. Finance is a vital element of modern economy because it offers the necessary liquidity in the form of assets or money needed for companies and individuals to invest in order to support the future of the economy. This branch of banking and finance disseminates information on a variety of financial topics including interest rates, loans, securities markets, banking systems, budgeting and other important topics related to managing finances.

The banking and finance industry includes banking institutions, such as commercial banks, savings and loans, and mortgage companies. Financial firms engage in buying, lending, and trading the various financial markets. In addition, there are financial investment firms that facilitate financial moves by purchasing portfolios of stocks and bonds from investors and in turn, issue shares of these stocks and bonds. These firms may also purchase government bonds and repossessed vehicle loans.

As previously mentioned, there are several different types of banks and finance sectors. One of the more well-known sectors is commercial banks, which deal primarily in loans, with the exception of providing credit cards, mortgage loans, and other kinds of unsecured loans. Most banks employ at least one full-time staff person who is responsible for originating loans, writing policies for dealing with customers, and maintaining the books of accounts and loans.

Savings and loans are not similar to banks. While some firms buy products and sell them, such as certificates of deposit (CDs), from borrowers, savings and loans allow individuals to take out loans against their current assets. The two kinds of financial firms are usually classified by the way in which they make the loans themselves, or by the size of the loan their customers require. Some banks use "maintenance" funds, which they use to lend their own money; other banks use "non-maintenance" funds, which they lend to other companies or individuals.

The banking industry employs a great number of professionals who have varying specialties. For example, bank tellers usually operate in the same way as bank loan officers, but have slightly higher education levels. Bank account executives are responsible for managing the day-to-day financial affairs of a business or institution. These people are responsible for making sure that the bank has enough money available to cover its liabilities and pay its debts.

Financial advisers are mainly employed by non-banking financial institutions, as they specialize in working with those institutions other than banking. They can provide advice on investing, banking, personal finance, and insurance. Some advisers specialize in certain fields, like banking, investments, or consumer finance.

A degree in business administration, along with a bachelor's degree in accounting, will generally be needed for entry level positions in banking and finance. After gaining a degree, you may choose to continue your education by getting additional training in the field of banking and finance. There are many different programs available, and these can range from associate degrees to doctoral degrees. An associate's degree is generally a two-year program. A bachelor's degree takes longer to complete but is usually a four-year endeavor.

A typical course of study includes classes such as mathematics, statistics, business theory, risk management, finance, business banking, and banking and economics. A Master of Business Administration program will take approximately four years to complete. An MBA will allow graduates to advance in the banking industry. A few of the coursework involved in a bachelor's degree program will include human resources, curriculum development, decision sciences, mathematics, accounting, business leadership, and marketing. The highest level of graduate school in the banking industry is achieved with a doctorate degree.
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