Banking and Finance Subject Combination for WAEC and JAMB – Are you confused about the fight courses to use in your JAMB registration? do you know the right course you need in your JAMB registration?, even aware of the importance of the course you wish to study?
Here is a list of the questions you ask yourself. from the importance of banking and finance, the subject combinations WAEC and JAMB, the positions available for graduates of this field, and the schools in Nigeria you can offer this course
Overview of Banking and Finance
This is the financial sector of the economy that controls the circulation, management, prevention and structure of finances in a country. it includes money, shares, credits, investments etc.
This persons are involved in the tracking and monitoring of initial transactions, financial management, financial reports , risk management, liquidity policy etc.
Why Study Banking and Finance?
The importance of the banking and financial sector is being tailored to an individual and the country at large. they
- provide insights into how financial systems operate within broader economic frameworks, helping individuals understand the functioning of economies.
- provision of credits, infrastructure and investment
- it deals with the growth and expansion of the country
- it breeds finance control and stability
- it also provides skills for financial planning, risk management etc
- it is used for the management of personal finances like budgeting, savings, investment etc.
Banking and Finance Subject Combination for WAEC and JAMB (2024 UPDATED)
WAEC Subject Combination of Banking and Finance
the following are the WAEC subject combination (8-9) subjects.
- Mathematics
- English language
- Government
- Lit-in- English
- Financial accounting
- Economics
- Commerce / Christian religious education(choose one)
- Civic education/geography (choose one)
- Marketing
O-level Requirement for Studying Banking and Finance
this is the requirement you need before you are eligible to write JAMB. they include
- A compulsory 5 credits azt it minimum in relevant subjects which include _ accounting, mathematics, English language, government, lit-in-English
- the 5 credits should not be obtained in more than two sittings of WAEC exams
JAMB subject Combination for Banking and finance Aspirants
Here it includes four subjects which are the core subject for banking and finance. it includes
- Mathematics
- English language
- Financial Accounting
- Marketing
Schools that Offer Banking and finance in Nigeria
- Covenant University, Ota
- University of Agriculture, Makurdi (UAM)
- Obafemi Awolowo University (OAU)
- Adekunle Ajasin University, Akungba-Akoko (AAUA)
- Rivers State University (RSU)
- Federal University of Petroleum Resources, Effurun (FUPRE)
- University of Benin (UNIBEN)
- Lagos State University (LASU)
- Federal University of Technology, Akure (FUTA)
- Ladoke Akintola University of Technology (LAUTECH)
- American University of Nigeria (AUN)
- Adeleke University, Ede
- Osun State University (UNIOSUN)
- Nnamdi Azikiwe University (UNIZIK)
- Ahmadu Bello University (ABU)
- University of Agriculture, Abeokuta (FUNAAB)
- Kogi State University (KSU)
- Kwara State University (KWASU)
- University of Lagos (UNILAG)
- Federal University, Oye-Ekiti (FUOYE)
- Delta State University (DELSU)
- Ekiti State University (EKSU)
- Bowen University, Iwo
- Bayero University Kano (BUK)
- University of Port Harcourt (UNIPORT)
- University of Nigeria, Nsukka (UNN)
- Federal University of Agriculture, Abeokuta (FUNAAB)
- University of Ilorin (UNILORIN)
- Enugu State University of Science
Job positions for Banking and Finance graduates in Nigeria
Apart from working in the bank, there are other opportunities for a graduate of banking and finance which we will look at today
They include
- Investment Analyst
- Financial Analyst
- Credit Analyst
- Risk Analyst
- Corporate Finance Analyst
- Treasury Analyst
- Investment Banking Analyst
- Financial Planner
- Portfolio Manager
- Personal Financial Advisor
- Commercial Banker
- Loan Officer
- Auditor
- Tax Analyst
- Compliance Officer
- Insurance Underwriter
- Financial Controller
- Operations Analyst
- Asset Manager
- Securities Trader
- Budget Analyst
- Fraud Investigator
- Client Relationship Manager
- Financial Consultant
- Actuary
- Quantitative Analyst
- Mergers and Acquisitions Analyst
- Retail Banking Manager
- Finance Manager
- Corporate Treasurer
- Real Estate Analyst
- Investment Operations Analyst
- Financial Reporting Analyst
- Wealth Management Advisor
- Pension Fund Manager
- Financial Examiner
- Business Analyst (Finance)
- Treasury Manager
- Chief Financial Officer (CFO)
- Finance Director
Frequently Asked Question
What is the Role of a Financial Analyst?
Financial analysts assess financial data, trends, and market conditions to provide insights for making investment decisions.
How Does Commercial Banking Differ from Investment Banking?
Commercial banking focuses on providing services to individuals and businesses, while investment banking deals with capital markets, mergers, and acquisitions.
What is Risk Management in Finance?
Risk management involves identifying, assessing, and mitigating potential risks to ensure the financial stability of an organization.
What is the Importance of Credit Analysis in Banking?
Credit analysis evaluates the creditworthiness of individuals or businesses applying for loans, determining the risk of default.
How Does Monetary Policy Affect the Banking Sector?
Monetary policy, controlled by central banks, influences interest rates and money supply, impacting lending and economic activities in the banking sector.
What is the Role of a Personal Financial Advisor?
Personal financial advisors provide individuals with guidance on managing their finances, including investments, retirement planning, and budgeting.
How Do Investment Portfolios Work?
Investment portfolios consist of various assets like stocks and bonds, strategically selected to achieve financial goals while managing risk.
What is the Purpose of Financial Regulation?
Financial regulation ensures the stability and integrity of financial markets, protecting consumers and maintaining fair practices within the industry.
How Does Cryptocurrency Impact Traditional Banking?
Cryptocurrency introduces decentralized digital currencies, impacting traditional banking by offering alternative forms of transactions and investments.
What is the Role of a Commercial Bank?
Commercial banks provide a range of financial services, including accepting deposits, granting loans, and facilitating payments for individuals and businesses.
How Does Central Bank Policy Influence the Economy?
Central banks influence the economy through monetary policy, adjusting interest rates and money supply to control inflation, stimulate growth, or manage economic stability.
What is the Purpose of Financial Statements?
Financial statements (such as income statements and balance sheets) provide a snapshot of a company’s financial health, aiding investors, creditors, and management in decision-making.
How Does Insurance Mitigate Financial Risks?
Insurance provides financial protection against various risks, helping individuals and businesses recover from unexpected events such as accidents, illnesses, or property damage.
What is the Importance of Credit Scores?
Credit scores reflect an individual’s creditworthiness and influence their ability to borrow money or obtain credit, impacting interest rates and loan approvals.
How Do Exchange Rates Affect International Trade?
Exchange rates influence the cost of goods and services between countries, affecting international trade by impacting export and import competitiveness.
What is the Difference Between Monetary Policy and Fiscal Policy?
Monetary policy is controlled by central banks and involves managing money supply and interest rates, while fiscal policy is set by governments, involving taxation and government spending to influence the economy.