Boost Your Banking Job With a BSBA Degree

If you found a job in the banking industry after graduating from high school or after earning your GED, congratulations! That in and of itself is a major accomplishment. If you want to advance past the entry level, however, your next step is to earn a bachelor’s degree. A Bachelor of Science in Business Administration not only fulfills the degree requirement that many employers have for higher-level positions, it helps turn a job into a career.

Open Up Job Options

The versatility of a BSBA can help prepare you for several different jobs. The curriculum gives you a solid understanding of business basics while allowing you to concentrate on specific fields that might be of particular interest, such as human resources or marketing. Accountant, financial analyst, and even entrepreneur are typical careers that BSBA degree holders often pursue. Moreover, you can apply the business acumen gained in completing the program to a multitude of fields. The ability to analyze budgets or solve problems in finance are important skills that benefit both public-facing and internal positions.

Become the More Desirable Candidate

Whether you are applying for a new job or seeking a raise or promotion at your current company, having a bachelor’s degree is an asset. Individuals aged 25-34 are more likely to work full-time, year-round if they have attained a higher level of education, and a college degree is often a requirement for the more sought-after positions. In the finance industry, companies value the specialized knowledge that BSBA graduates bring. The degree shows familiarity not only with numbers but also with big-picture thinking, which in turn indicates your adaptability to a role. And with a bachelor’s degree in hand, you have the option to later pursue a MBA or other higher degree.

Increase Your Earning Potential

In 2014, young adults with a bachelor’s degree made 66 percent more than high school graduates: $49,900 versus $30,000 in median earnings. Currently, the median pay for a bank teller is around $26,000, whereas the reported salary range for someone with a bachelor’s degree in business administration ranges from $32,000 to $125,000 and more, according to PayScale data as of February 2017. Demand for tellers is decreasing as banks rely more on automated and mobile solutions. The Bureau of Labor Statistics is projecting a 7 percent increase in jobs for financial managers by 2024, and their median pay is $117,990 a year.

Deciding to pursue a college degree is significant, especially if you are already in the workforce, and doing so can offer rewards in the form of better jobs, pay and opportunities. Earning your degree online allows you to continue working while learning on your own time. So while approaching the idea and following through on the coursework can seem intimidating, the professional boost you are likely to receive can make it all worthwhile.

Learn more about the online Louisiana State University of Alexandria BSBA program.


Sources:

NCES Fast Facts: Income of Young Adults

PayScale: Bachelor’s Degree, Business Administration, Average Salary

Bureau of Labor Statistics: Financial Managers

Bureau of Labor Statistics: Tellers


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