Banker Education Requirements And Degrees

There are several education requirements to become a banker. Bankers usually study business, finance or accounting. 47% of bankers hold a bachelor's degree and 14% hold a associate degree. We found these by analyzing 10,270 banker resumes to investigate the topic of banker education more precisely.

The most common colleges for students to pursue their goal of becoming a banker are Ohio State University and San Jose State University.

For those who would rather stay in your pajamas during the day, we prepared some online courses that can help in banker education paths.

We prepared a list of a banker certifications that you should consider. The necessary certifications that bankers must have to succeed are Certified Management Accountant (CMA) and Chartered Financial Analyst (CFA).

What Degree Should I Get to Become a Banker ?

We assessed our data to determine the typical level of education for bankers. The most common degree for bankers is bachelor's degree. In fact, 47% of bankers earn that degree. A close second is associate degree with 14% and rounding it off is high school diploma with 12%.

  • Bachelors degree, 47%
  • Associate degree, 14%
  • High School Diploma degree, 12%
  • Masters degree, 6%
  • Other Degrees, 21%
What Should I Major in to Become a Banker ?

According to our resume data, most bankers, 34% to be exact, major in business. Some other common majors for a banker include finance and accounting majors.

Most Common Colleges for Banker

Here are the most common colleges for a banker career in the US based on their resumes. Bankers often get their degree in Ohio State University, San Jose State University, and Pennsylvania State University.

Ohio State University

San Jose State University

Pennsylvania State University

University of Houston

California State University - Northridge

Average Banker Salary by Education Level

Bankers with a Masters degree earn more than those without, at $115,230 annually. With a Bachelors degree, bankers earn a median annual income of $89,498 compared to $78,306 for bankers with an Doctorate degree.

Bachelor's Degree

Master's Degree

Doctorate Degree

Educationascdesc
Salaryascdesc
Bachelor's Degree$89,498
Master's Degree$115,230
Doctorate Degree$78,306

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Most Common Certifications For Banker

There are certain things that come along with being certified. In addition to earning a credential that proves you know what you're doing, you might also receive some extra benefits or a salary raise from your company. Sometimes it pays to do the extra work. If you're interested in making more money as a banker, you might consider earning these certifications:

  • Certified Management Accountant (CMA)
  • Chartered Financial Analyst (CFA)
  • Certified Sales Professional (CSP)

1. Certified Management Accountant (CMA)

The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.

The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.

Certification Details
  • More than two years of education or training after high school required? Yes
  • More than two years of work experience required? Yes
  • Oral or Written Exam Required? Yes
  • Renewal Required? Every 1 year(s)
2. Chartered Financial Analyst (CFA)

The CFA charter is recognized as the definitive standard by which to measure the competence, integrity, and dedication of serious investment professionals.

The CFA charter is recognized as the definitive standard by which to measure the competence, integrity, and dedication of serious investment professionals.

Certification Details
  • More than two years of education or training after high school required? Yes
  • More than two years of work experience required? Yes
  • Oral or Written Exam Required? Yes
  • Renewal Required? 
Certifying Website
Chartered Financial Analyst
Certifying Organization
CFA Institute
3. Certified Sales Professional (CSP)

The Certified Sales Professional (CSP) program gives a thorough understanding of consultative selling. From business creation to improved time and territory management; goal-setting to prospecting, and everything in between, attendees return to the territory with a renewed enthusiasm for selling.

The Certified Sales Professional (CSP) program gives a thorough understanding of consultative selling. From business creation to improved time and territory management; goal-setting to prospecting, and everything in between, attendees return to the territory with a renewed enthusiasm for selling.

Certification Details
  • More than two years of education or training after high school required? Yes
  • More than two years of work experience required? Yes
  • Oral or Written Exam Required? Yes
  • Renewal Required? Every 3 year(s)

Entry Level Jobs For Becoming A Banker

Top Online Courses For Bankers

Sometimes things are just better when you get to stay in your pajamas all day. That includes school. We found top courses for bankers from Udemy, Coursera, EDX, and ed2go that will help you advance in your career. Here are essential skills you need to be a banker:

  • Communication
  • Financial services
  • Financial needs
If you want to improve bankers skills these courses could help you in this.

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Banking Credit Analysis Process (for Bankers)
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Investment Banking: The Complete Financial Ratio Analysis
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Investment Banking For Investors & Financial Analysts - How to Perform Financial Statement Analysis & Company Valuation...

The Advanced Real Estate Financial Modeling Bootcamp
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The Complete Guide To Advanced Real Estate Financial Modeling For Real Estate Investment Professionals...

The Real Estate Financial Modeling Interview Exam Guide
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The Real Estate Financial Modeling Bootcamp
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The Complete A to Z Guide to Modeling Real Estate Transactions in Microsoft Excel For Smarter Real Estate Investing...

Financial Accounting: The Complete Introductory Crash Course
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Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...

Complete Financial Modeling for Project Finance in Excel
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Accounting & Financial Statement Analysis: Complete Training
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How to Read Financial Statements: Build Financial Literacy.
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Customer Service
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Digital Transformation in Financial Services
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Start Improving Customer Service
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Creating a Customer Service advantage in Your department or business through communication and Customer Management...

Financial Accounting
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Financial accounting is called the “language of business,” and for good reasons. An examination of a firm’s financial statements - which reflect the company’s performance - reveals a wealth of information about its history, current financial health, and future potential. This is why business leaders use accounting to communicate their organization’s financial information to potential investors, shareholders, lenders, and regulators. Financial accounting allows an organization’s leaders to make...

Top 10 Colleges For Bankers

In a lot of cases, a higher education can mean a higher salary or even a better job. That's why we found out the best colleges for bankers. We based this list on these metrics: admissions rate, retention rate, mean earnings of students working, ratio of working vs. non-working students 10 years after admission, average cost of attendance and median debt for graduates.

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

Top 10 Affordable Colleges For Bankers

If those top 10 were a bit out of your price range, you might want to check these schools instead. After factoring in in-state tuition and fees, average cost of attendance, admissions rate, average net price and mean earnings after 6 years, we found that these are the most affordable schools for bankers.

1. Baruch College of the City University of New York

New York, NY • Private

In-State Tuition
$7,262
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,046

2. SUNY Farmingdale

Farmingdale, NY • Private

In-State Tuition
$8,306
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$16,091

3. USF Sarasota-Manatee

Sarasota, FL • Private

In-State Tuition
$5,587
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,043

4. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-State Tuition
$7,240
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$13,991

5. California State University - Dominguez Hills

Carson, CA • Private

In-State Tuition
$6,942
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,469

6. Brigham Young University

Provo, UT • Private

In-State Tuition
$5,620
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$18,136

7. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$16,714

8. University of Florida

Gainesville, FL • Private

In-State Tuition
$6,381
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$21,034

9. Florida International University

Miami, FL • Private

In-State Tuition
$6,556
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$19,434

10. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-State Tuition
$4,094
Cost of Attendance
Cost of attendance is the estimated annual cost of attending a particular college or university. It includes tuition and fees, books and supplies, and living expenses.
$14,302

Top 10 Hardest Colleges To Get Into For Bankers

Some people like a challenge. Well, we challenge you to get into one of these schools. It's not going to be easy. We know this based on these institutions' admissions rates, average SAT scores accepted, median ACT scores accepted and mean earnings of students 6 years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions Rate
8%
SAT Average
1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions Rate
8%
SAT Average
1,492

3. Stanford University

Stanford, CA • Private

Admissions Rate
4%
SAT Average
1,497

4. University of Southern California

Los Angeles, CA • Private

Admissions Rate
13%
SAT Average
1,445

5. Boston University

Boston, MA • Private

Admissions Rate
22%
SAT Average
1,420

6. New York University

New York, NY • Private

Admissions Rate
20%
SAT Average
1,419

7. Villanova University

Villanova, PA • Private

Admissions Rate
29%
SAT Average
1,407

8. Vanderbilt University

Nashville, TN • Private

Admissions Rate
10%
SAT Average
1,514

9. Bentley University

Waltham, MA • Private

Admissions Rate
43%
SAT Average
1,338

10. George Washington University, The

Washington, DC • Private

Admissions Rate
42%
SAT Average
1,380

Top 10 Easier To Apply Colleges For Bankers

Why make getting a job harder on yourself than it has to be? With these colleges, you're sure to be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores and average salary of students 6 years after graduation in order to uncover which were the easiest schools to get into.

1. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions Rate
68%
SAT Average
964

2. Holy Names University

Oakland, CA • Private

Admissions Rate
70%
SAT Average
849

3. Barry University

Miami, FL • Private

Admissions Rate
91%
SAT Average
1,006

4. Notre Dame College

Cleveland, OH • Private

Admissions Rate
90%
SAT Average
994

5. University of North Texas at Dallas

Dallas, TX • Private

Admissions Rate
83%
SAT Average
992

6. La Roche College

Pittsburgh, PA • Private

Admissions Rate
99%
SAT Average
1,008

7. Holy Family University

Philadelphia, PA • Private

Admissions Rate
72%
SAT Average
1,017

8. Saint Joseph's College of Maine

Standish, ME • Private

Admissions Rate
84%
SAT Average
1,069

9. Ottawa University

Ottawa, KS • Private

Admissions Rate
78%
SAT Average
1,024

10. LIM College

New York, NY • Private

Admissions Rate
83%
SAT Average
1,061

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Updated April 30, 2021