Dallas Banking Programs
Since many aspects of banking are intertwined with the field of finance, students may pursue banking and finance degree programs interchangeably. With a half-hour's drive from downtown, students in the Dallas area have several schools of varying sizes, both public and private, from which to choose. This article looks at three of those institutions and provides a table that offers a quick comparison of the schools, including tuition information, graduation rates and admission percentages. There are also some quick facts on two other schools with banking and finance degree programs in the Dallas area.
- For students considering an entry-level position in banking, North Lake College, a community college less than 15 miles from downtown Dallas, offers an associate's degree in mortgage banking.
- Southern Methodist University, nearly 6 miles from Dallas, offers degrees in finance at both the bachelor's and master's degree levels. Although the school doesn't offer an opportunity to specialize in banking, many of its finance courses cover topics such as investments and capital markets that overlap with banking.
- The University of Texas at Arlington is the largest school among the three highlighted, but its financial degree program offerings are limited to the undergraduate level. It is a little more than 20 miles from downtown Dallas.
Comparison of Schools
Tuition is often a deciding factor when choosing a school, and students who wish to study banking and finance in the Dallas area have several options. This table offers a look at a few important aspects of each school to use in making a decision.
|North Lake College||Southern Methodist University||University of Texas at Arlington|
|School Type||2-year; public||University; private, nonprofit||University; public|
|Campus Setting||Midsize city||Suburban||Large city|
|Tuition & Fees (2017-2018)||$1,770 in-district; $3,330 in-state; $5,220 out-of-state*||$52,498*||$9,952 in-state; $25,152 out-of-state*|
|% of First-Year Students Receiving Some Form of Financial Aid (2016-2017)||64%*||79%*||85%*|
|Acceptance Rate (2017)||N/A - open admissions||49%*||71%*|
|Retention Rate (2016-2017)||63% full-time; 46% part-time*||91% full-time*||71% full-time; 55% part-time*|
|Graduation Rate||14%; 18% transfer-out (Students began in 2014)*||81%; 15% transfer-out (Students began in 2011)*||50%; 31% transfer-out (Students began in 2011)*|
Source: *NCES College Navigator
North Lake College
North Lake College is the only school in the Dallas County Community College District (DCCCD) to offer a program in mortgage banking. North Lake also offers training for students seeking careers in accounting, real estate and mortgage banking.
Associate of Applied Science in Mortgage Banking
This program equips students with the skills necessary to handle all of the banking aspects that go into creating mortgage loans - from origination to management. Courses cover a host of areas, such as mortgage lending, real estate math, general real estate, personal finance, loan underwriting and mortgage ethics. In addition, students may choose to study a specific topic in the area of banking and financial support services as an elective. Graduates of this program may choose careers in a variety of fields, including retail banking, mortgage brokering, real estate finance and property management.
Southern Methodist University (SMU)
Southern Methodist's bachelor's and master's degree programs in finance are offered through the Cox School of Business, which equips undergraduate and graduate students with professional skills in areas such as accounting, finance, real estate, marketing and business administration.
Bachelor of Business Administration in Finance
This program is designed to prepare students for careers in a variety of fields, such as investment analysis, corporate finance and bank management. Students can learn about marketing, management, risk management and asset management. Course topics comprise a host of diverse subfields in the areas of banking and finance, such as international finance, portfolio management, speculative markets and entrepreneurship.
Master of Science in Finance
SMU's master's degree program in finance is centered on the four component areas of alternative assets, real-time markets, energy finance and investment portfolios. Particular emphasis is placed less on aspects of retail banking and more toward investment banking topics, such as hedge funds, international finance, asset pricing, futures and options. Students interested in getting a head-start in these academic topics before starting the fall semester may go through a Summer Boot Camp, which provides the opportunity to gain proficiency in these areas before the academic year begins.
University of Texas at Arlington (UTA)
UTA's College of Business offers a bachelor's degree in finance through its Department of Finance and Real Estate. This department has 101 full-time faculty members, and students can participate in departmental student organizations.
Bachelor of Business Administration in Finance
This program provides students with a comprehensive set of skills in fields such as statistics, mathematics and economics. Particular focus is placed on the areas of corporate finance, investments and financial institutions. Courses may cover topics in capital markets, portfolio management, security analysis, financial derivatives, statistical finance and stock valuation. Students also have the option of pursuing a practical internship in finance.
Other School Options
A bachelor's degree program in finance is also available at The University of Texas at Dallas, located about 16 miles from downtown Dallas. Dallas Baptist University, located about 13 miles away, also offers a finance program that can prepare students for careers in banking.