Banking & Financial Services Concentration
Dr. Ronald W. Spahr
The Banking and Financial Services Concentration provides students with basic problem-solving and analytical tools necessary to be successful in banking, savings institutions, credit unions, securities firms and investment banks, mutual funds management, managing insurance services firms, and finance companies. Banking and Financial Services is a rigorous and highly respected field of study that prepares students for career options including VP of Commercial Lending, Bank Manager, Investment Banker, Securities Trader, Portfolio Manager, Bank Regulator and Financial Executive.
What You Can Do With It:
Whether working in private industry or government, you can:
- Become a Vice President of Commercial Lending serving the financing need of business, which may lead to being a Bank President
- Manage savings institutions, credit unions and finance companies
- Conduct securities analysis, manage mutual funds, advise investors, and design optimal investment portfolios
- Design and promote financial products for insurance companies, banks, securities firms and other financial institutions
- $30,000 - $40,000: beginning salaries depending upon the area of the country and type of employment
- $40,000 - $70,000: junior V.P., mid-level managers and senior analysts
- $70,000 - $120,000: senior V.P. and senior-level managers
- $120,000+: Presidents, financial executives and investment bankers
Scholarships and Internships
Many scholarship opportunities are available for qualified students majoring in finance with a concentration in banking and financial services. Internships are available in industrial corporations, banks, thrift institutions and securities firms. The concentration includes paid student internships with banks and financial services institutions, student and faculty interaction with the banking and financial services community.
FMA and Investment Club
Financial Management Association and National Honor Society: The UofM Chapter brings together its members and local professionals through invited lecture and visit to local financial institutions. Students with GPA of 3.25 and higher are inducted into the Association's National Honor Society. Also, the TVA Investment Challenge team manages a portfolio of stock of over $500,000. Student teams also participate in the CFA institute research challenge.