It could be defined as a branch within the area of business administration, but in reality Banking Administration is a career in itself.
Why study Banking Administration?
There are those who claim that careers related to finance, business, marketing and administration should be studied by everyone, including doctors, teachers, journalists or even artists. Why? Basically because training based on such thematic axes will provide useful knowledge for the professional’s entire active life, in any area that he decides to develop.
To design any successful project today, a series of guidelines must be followed, from the analysis of the current market, to the planning, implementation and measurement of results, all these activities are those that guarantee that a company can get ahead and are precisely the capabilities that who decides to study Banking Administration learns to develop, therefore, we recommend taking it into account as a training option.
What is Banking Administration about?
Everyone will believe that this career should be linked to work done in banks and indeed, we cannot deny such statements, what we can assure is that this area of study is not limited to banking activity, as long as the professional who chooses this training will access administrative and financial knowledge applicable to any type of company, not just banking ones.
In Banking Administration, acquire knowledge about the functioning of the monetary and financial system and the products that depend on and come from them. You will learn about global and local markets and about the bank resource management.
Some of the subjects covered in this training are: economics, administration, public and private law, bank accounting, legal regime of the banking system, financial calculation, credit policy, mathematics, micro and macroeconomics, among others.
What is the job opportunity of the bank administrator?
Of course, working in banks in general is the most obvious job opportunity for the bank administrator, but in this class of institutions, the professional will be able to develop various activities. From the general administration of banking entities, the promotion and commercialization of banking products, the realization, evaluation and analysis of the different operations that are carried out in the banks, management and negotiation of financing alternatives or research of the different options of investment in the market.
In addition to being able to work in a bank, if you choose to study Banking Administration, you will be able to practice in any company or public or private institution in the administrative and financial area.
Advantages of studying Banking Administration
This career offers comprehensive training regarding administration, financial planning and other economic issues related to both banks and any company, which represents a competitive advantage as these are highly valued knowledge in the labor market current.
The diversity of activities that those who choose this profession will be able to develop is another advantage to consider and in the same way is the fact of being able to apply the knowledge acquired in the career in their own commercial enterprise, since this professional is not limited only to work in Dependency relationship, but can also exercise independently.
Disadvantages of studying Banking Administration
Despite the fact that the knowledge acquired in Banking Administration is valuable and useful for the graduate, many times this professional finds graduates in Business Administration as a competence, a more complete and global career in terms of managing organizations, which takes away job opportunities for the bank administrator, who sees his activity reduced only to the banking field, when in fact he could function efficiently in any type of organization.
Where to study Banking Administration? How long is the race?
The academic offer in Argentina on Bank Administration is quite complete, while the possibility of taking a four-year bachelor’s degree wave technique of three. The educational institutions that provide this training are: Universidad Católica Argentina, Universidad del Salvador, Universidad Católica de Salta, Universidad Nacional de Tres de Febrero, Universidad Nacional de la Patagonia San Juan Bosco, Centro de Estudios Superiores CES, etc.
In Peru It will be possible to access the undergraduate degree with a duration of between three and five years. Some of the academic institutions that offer the training are: Banking Training Institute, Peruvian University of Applied Sciences, Peruvian Center for Banking Studies, Leonardo Da Vinci Higher Institute, etc.
In Chile You can access a tertiary career in Banking Administration at the Guillermo Subercaseaux Institute of Banking Studies and at Duoc UC. The minimum duration of this training is three years.
In Colombia It is possible to receive the title of technician in Banking Administration, a training that will last from two to three years and which is given at the Politécnico Grancolombiano and the University of Santander.
In Spain You can access training in Banking Administration as a master’s degree, the duration of which ranges from one year to two years. The Rovira i Virgili University is precisely one of those that offers this training.
Banking Administration and Business Administration, rivals or complementary?
At a global level, Business Administration could be the career from which Banking Administration emerges. In other words, if you study the first, possibly, the second will be just a specialization, but if on the contrary, you choose to be a bank administrator, you will be focusing on something more than banking, because as we mentioned before, the graduate of this training is able to perform successfully in any type of organization, given that many of the contents addressed in the career are linked to the banking sector, but also to the financial sector, accounting, economics, investment management and ultimately, to many of the aspects that are addressed in Business Administration, which makes these two complementary degrees.