Bachelor of Science in Business Administration major in Banking and Finance (BSBA-BF) is a four year degree program designed to provide students with the tools for understanding investments, capital markets, financial management and financial institutions.
The BSBA in Banking and Finance program covers topics on modern finance, marketing and management analysis method, the financial management of businesses and risk management. It also aims to educate students about technology (e-commerce, internet, and information technology), financial regulations, organizational structures, financial products and instruments.
In contrast to the generic BSBA curriculum which is a broader business degree touching general topics on finance, accounting, strategy, marketing, IT, HR and other business functions, the BSBA-BF program focuses on understanding the financial aspects of the economy, the operations of financial institutions and markets, and the financial management of business operations.
Subjects and Curriculum
The subjects in the BSBA in Banking and Finance curriculum are divided into six categories:
The BSBA in Banking and Finance program is taught to students through classroom lectures. In addition, students are exposed to seminars and educational talks.
As a requirement for graduation, a student must complete an On the Job Training (OJT) and accomplish a business plan or feasibility study.
BSBA in Banking and Finance vs BSBA in Financial Management
The BSBA in Banking and Finance curriculum is geared towards educating students in understanding the financial aspects of the economy such as the operations of financial institutions and markets, and the financial management of business operations. On the other hand, the BSBA in Financial Management curriculum is focused on the process of planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization. Both courses are completed within four years; they share the same basic admission requirements. In addition; both programs have no board examinations.
Is Banking and Finance a profession?
Banking and Finance is not a profession. A graduate of this program will most likely be employed in banks, financial institutions, financial and accounting departments of corporations and government organizations, as well as the BPO industry. These careers are not considered professions, because they do not require a specialized set of knowledge and skills that can’t be acquired on the job, nor do they require a government certification.
What are the admission requirements for the BSBA in Banking and Finance program?
Requirements at each school may differ, but these are the common requirements:
What skills, traits and attitude will help you succeed in this course?
How difficult is BSBA in Banking and Finance?
BSBA in Banking and Finance is not a difficult course. However, you need to love math and be able to grasp certain mathematical concepts quickly for you to be able to survive this course. The workload for this program is not heavy compared to courses such as Accountancy, Engineering, and Nursing. Aside from daily classroom lectures, you only need to complete one set of OJT.
The feasibility study is the most challenging part of the program. Unlike the ordinary business paper, a feasibility study has a more complex process. You need to find a proponent, convince him/her to accept your services and afterwards find out whether the type of business that he/she is planning to build is feasible or not.
How long does it take to complete the BSBA in Banking and Finance program in the Philippines?
The BSBA in Banking and Finance program takes four years to complete. The program may be completed in less than 4 years in schools that follow the trimestral curriculum.
On the Job Training (OJT)
A student of the BSBA-BF program is required to attend an on the job training (OJT) in a business establishment or agency. During the OJT, students are given the opportunity to apply their knowledge and practice their skills in actual settings. The OJT program is done under the supervision of a designated authority in the establishment/office which will evaluate the student periodically and submit the evaluation form to the assigned faculty member. The number of hours required for the OJT varies from one school to another.
Civil Service Examination (CSE)
There is no board examination for BSBA in Banking and Finance. However, to be qualified to work in government offices, BSBA-OM graduates have to pass the Civil Service Examination (CSE) which is conducted by the Philippine Civil Service Commission (PCSC).
Career opportunities for BSBA-BF graduates