Personal banking degree programs prepare students to work as bank managers, loan officers, banking customer service reps, financial planners and business consultants. Personal banking education might be offered as part of a finance or business administration degree, and common topics covered in these programs include include accounting, banking, investments, banking law, business and securities trading.
Top 10 Finance Schools
Here are ten of the universities in the US with programs that offer bachelor's or graduate degrees in finance, or business administration with a finance concentration. Annual tuition rates are for undergraduate programs, based on the 2015-2016 academic year:
|College/University||Location||Institution Type||Degrees Offered*||Tuition and Fees (2015-2016)*|
|University of Pennsylvania||Philadelphia, PA||4-year, Private not-for-profit||Bachelor's, Master's, Doctoral||$49,536|
|New York University||New York, NY||4-year, Private not-for-profit||Bachelor's, Master's, Doctoral||$47,750|
|University of Michigan - Ann Arbor||Ann Arbor, MI||4-year, Public||Bachelor's, Master's, Doctoral||$13,856 in-state, $43,476 out-of-state|
|Massachusetts Institute of Technology||Cambridge, MA||4-year, Private not-for-profit||Bachelor's, Master's, Doctoral||$46,704|
|University of California - Berkeley||Berkeley, CA||4-year, Public||Bachelor's, Master's, Doctoral||$13,431 in-state, $38,139 out-of-state|
|University of Texas - Austin||Austin, TX||4-year, Public||Bachelor's, Master's, Doctoral||$9,806 in-state, $34,676 out-of-state|
|University of Virginia||Charlottesville, VA||4-year, Public||Bachelor's, Master's||$15,192 in-state, $44,365 out-of-state|
|Carnegie Mellon University||Pittsburgh, PA||4-year, Private not-for-profit||Bachelor's, Master's, Doctoral||$50,665|
|University of North Carolina - Chapel Hill||Chapel Hill, NC||4-year, Public||Bachelor's, Doctoral||$8,591 in-state, $33,673 out-of-state|
|Indiana University - Bloomington||Bloomington, IN||4-year, Public||Bachelor's, Master's, Doctoral||$10,388 in-state, $33,741 out-of-state|
School Selection Criteria
Students interested in personal banker programs may want to keep these considerations in mind:
- When selecting a personal banking school, students should seek degree programs with faculty who possess relevant experience in the financial world and actively contribute to financial research.
- Schools with high graduate career success rates may be excellent choices for those wishing to enter a competitive personal banking career.
- In today's job market, practical experience is helpful in getting a job after graduation, so aspiring personal bankers should look for programs that blend traditional coursework with hands-on learning like internships and the opportunity to manage the financial portfolios of the school's internal organizations.
- In general, more advanced degrees in the banking and finance fields include more complex mathematical and theoretical content.
In summary, aspiring personal bankers should pursue an education in finance and possibly continue through a graduate-level program to enhance career prospects. There are a number of things to keep in mind when choosing a school, including opportunities for hands-on experience, the topics covered by the curricula, and where the program is located.