Here we’ve exposed the best banking schools in the US knowing that the growth of a good banking system is beneficial to everyone. Thus, over 70% of our generation have deeply benefitted from the inception of banks one way or the other. Either through savings of money or assets, securing assets, and even more. Therefore, for sustainable health of the banking system, there exists a need to have well-trained practitioners handling the system. Hence to ensure, this comes to play, we have deployed adequate teaching guides and facilities. Now we see the need for this article as banking schools in the US tend to have all the required qualities of a school to do the required job.
However, earning a degree in banking, finance, and business allows students to build professional networks, and identify career opportunities. It also stimulates future career growth and promotions. Meanwhile, there exist varieties of undergraduate and graduate programs that can prepare you for several banking fields. This banking area may include retail banking, asset management, and corporate finance. Therefore, to hone your career path in banking and finance, you need to attend a banking school.
Apart from providing a comprehensive list of banking schools herein. We’ve also provided answers to several other queries related to the subject content. Some of these questions include;
- Which school produces the most investment bankers?
- How much do bankers make?
- Does it matter what school you go to for investment banking?
Our group professionals have provided lots of value in answering these questions herein. Thus, ensure to carefully go through this article to get the best out of it.
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What Are Banking Schools?
Everyone asked what a bank is, and will have one or two thongs to talk about. However, may become confused about what banking school is. Meanwhile, in a nutshell, banking schools are where banking practitioners are trained and educated. Here, you’d learn different concepts and theories relating to the banking sector and its modes of operations. Also, at some point obtain an experiential learning scheme to better simulate your knowledge.
While the bank we relate to as a financial institution or corporation accepts cash and assets deposits from the public. Likewise, banks create a demand deposit while simultaneously making loans. Thus, it is the sole responsibility of these institutions to secure the deposits till collection from the depositor. However, banks perform several other functions like lending activities. They can also do this indirectly through capital markets. Some other functions carried out by banks include investment. Thus, attending a banking school will open students up to the reality of the banking system.
Furthermore, Banking schools helps creates a stable banking system. As banks play a significant role in the financial stability and economy of the country. While most top jurisdiction exercises a high degree of regulation over banks. Thus, most nations have institutionalized a network known as fractional reserve banking, under which banks hold liquid assets proportional to only a portion of their current liabilities.
Additionally, know that Banca Monte dei Paschi di Siena gained recognition as the oldest existing retail bank founded in 1472. While the oldest existing merchant bank founded in 1590 is Berenberg Bank.
Why Attend Banking Schools in the US?
Sometimes when considering a place to undertake a study, the environment makes a great contribution to the feasibility study. Also, students need to apply to the right college that will engage them to challenge coursework, the experiential learning process, and great alumni networks. These attributes in a school will help foster students’ growth in a career path. Hence, banking schools in the US possess all these qualities and even more to render to students. The schools in the US proper good career prospects and fast employability after study. Thus, a good reason why goo should consider attending banking schools in the US.
A report from Indeed says the mat the average salary for a banker in the US is $19.61 per hour. While the Bureau of Labor Statistics (BLS) recorded that the national average salary for a Banker is $76,570 per year in the United States. Therefore, studying in banking schools in the US will end up very lucrative. Which is one of the great parts of a career choice. While obtaining your degree in the US gives you a high chance of landing high-paying banking jobs easily.
Also, the Bureau of Labor Statistics projected demand of bout 41,000 openings for financial analysts each year, on average, over the decade in the US. Thus, buttressing the fact of numerous career opportunities in the US. While attending banking schools in the US will give you a leading edge to grasp an opportunity.
More so, banking schools in the US provide several scholarship opportunities and internships for their students. Thus, showing great commitment to guiding its students to success. They provide both need-based and merit-based financial aid packages to ensure every student’s financial demands are met.
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Top 15 Best Banking Schools in the US
Below we’ve listed a comprehensive list of the best banking schools in the US where you can obtain a good degree in Banking. However, most of the schools on this list have very low acceptance rates and are highly selective. Meanwhile, we ranked the school concerning the ranking methodology applied in US News and World reports. For the main time keep reading and check out the schools in the list.
#1. University of Pennsylvania (Wharton)
The University of Pennsylvania Wharton is the first business school in the country and has the nation’s largest alumni network. The school has produced many government officials and business leaders in its ranks, according to U.S. News & World Report. Also interestingly, it is among the Ivy League member’s top schools. Wharton has a place the second in the list of the country’s best banking schools and its finance program is #1.
Wharton MBA offers 18 possible majors and concentrations, that have STEM certification. The finance coursework provides a wide-ranging look at the financial sector.
$76,000 per year (full-time) TUITION AND FEES
1,874 ENROLLMENT (FULL-TIME)
#2. University of Chicago (Booth)
The University of Chicago Booth School of Business is the graduate business school of the University of Chicago.
Founded in 1898, Chicago Booth has recognition as the second-oldest business school in the US. The school also has an association with 9 Nobel laureates in the Economic Sciences, over any other business school in the world. The school has the third-largest endowment of any business school.
$74,919 per year (full-time) TUITION AND FEES
1,249 ENROLLMENT (FULL-TIME)
#3. New York University (Stern)
New York has one of the world’s leading financial markets and also has one of the best finance programs. Courses at NYU’s business school ride from an undergraduate level to a doctoral, and it also has various certificate programs.
At the graduate level, the full-time, two-year MBA program lets students choose finance as an area of interest.
$78,700 per year (full-time) TUITION AND FEES
658 ENROLLMENT (FULL-TIME)
#4. Columbia University
Columbia Business School one of the Ivy school members offers one of the best finance programs in the US. Although the school offers only one finance degree program, the master’s degree in financial economics is a 2-year program that is STEM eligible.
Furthermore, semesters include Ph.D.-level courses as well as graduate-level courses. This also includes some from the master’s degree in business administration program.
$77,376 per year (full-time) TUITION AND FEES
1,426 ENROLLMENT (FULL-TIME)
#5. Massachusetts Institute of Technology (Sloan)
The MIT Sloan School of Management (MIT Sloan or Sloan) is the business school of the Massachusetts Institute of Technology. MIT Sloan offers bachelor’s, master’s, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world.
MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school. The school also has one of the best banking schools in the US and have a very great alumni network.
$78,954 per year (full-time) TUITION AND FEES
934 ENROLLMENT (FULL-TIME)
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#6. Stanford University
Stanford University, officially known as Leland Stanford Junior University a private research university in the census-designated place of Stanford, California, near the city of Palo Alto. The campus occupies 8,180 acres, among the largest in the United States, and enrolls more than 17,000 students. The school also offers one of the best banking and finance programs in the united states and is ranked top among world universities.
$74,706 per year (full-time) TUITION AND FEES
897 ENROLLMENT (FULL-TIME)
#7. Harvard University
Students hoping to specialize in finance will find several certificate programs and a doctoral program right for them at Harvard Business School.
The university offers online four certificate courses focused on aspects of the finance world: Alternative Investments, Financial Accounting, Leading with Finance, and Financial Analysis and Valuation for Lawyers.
$73,440 per year (full-time) TUITION AND FEES
1,742 ENROLLMENT (FULL-TIME)
#8. University of California–Berkeley (Haas)
The Haas School of Business (Berkeley Haas) is the business school of the University of California, Berkeley. The Haas school of business has one of the early banking majors in public universities created in the US. However, it has a spot as one of the best business schools in the world by The Economist, Financial Times, QS World University Rankings, U.S. News & World Report, and Bloomberg Business Week.
$65,360 per year (in-state, full-time) TUITION AND FEES
$71,817 per year (out-of-state, full-time) TUITION AND FEES
638 ENROLLMENT (FULL-TIME)
#9. University of Michigan–Ann Arbor (Ross)
The University of Michigan, one of the best schools in the UA, also has one of the best banking programs. However, the school has six ways to earn a master’s degree in the school business programs. They include full-time, weekend, and online options. The full-time program is the only one that offers the Fast Track in Finance (FTF).
$67,114 per year (in-state, full-time) TUITION AND FEES
$72,114 per year (out-of-state, full-time) TUITION AND FEES
747 ENROLLMENT (FULL-TIME)
#10. University of California- Los Angeles (Anderson)
The UCLA Anderson School of Management has also gained strong recognition as one of the best banking schools in the US. It is the graduate business school at the University of California, Los Angeles, one of 11 professional schools. The school offers full-time, part-time, executive MBA programs. They also offer PGPX, Business Analytics, Financial Engineering, and Ph.D. degrees.
$67,737 per year (in-state, full-time) TUITION AND FEES
$67,737 per year (out-of-state, full-time) TUITION AND FEES
719 ENROLLMENT (FULL-TIME)
#11. Duke University (Fuqua)
The Fuqua School of Business is the business school of Duke University in Durham, North Carolina. The school also has one of the best banking schools in the US. They enroll over 1,300 students in degree-seeking programs. Duke Executive Education also provides non-degree business education and professional development programs.
Furthermore, Its MBA program found a spot as the 9th best business school in the US by The Economist in 2019. Also 13th in the US by The Financial Times in 2022. Fuqua also has a current rank of 6th for having the lowest acceptance rate and 10th for having the highest application yield among the top 50 MBA programs in the US.
$70,000 per year (full-time) TUITION AND FEES
855 ENROLLMENT (FULL-TIME)
#12. Fordham University (Gabelli)
The Gabelli School of Business is one of the best banking schools in the US. It is the undergraduate and graduate business schools of Fordham University, and the Jesuit University of New York. Hence, Fordham University’s involvement in business and baking began early in the 20th century with the founding of the School of Business in 1920.
The Gabelli School of Business has had AACSB accreditation for over 50 years and is also a partner with the CFA Institute. As of March 2015, it incorporated the former Fordham Graduate School of Business.
$107,923 total program (full-time) TUITION AND FEES
175 ENROLLMENT (FULL-TIME)
#13. Cornell University (Ithaca, NY)
Cornell’s Johnson College of Business provides incredible programs for all levels of students in its Charles H. Dyson School of Applied Economics and Management (AEM). Cornell is one of the Ivy League member schools thus, one of the best banking schools in the US.
Furthermore, students can start their careers program at Cornell from the undergraduate level in the AEM. More so, Cornell makes it possible for students in the school to focus on their desired courses with their well-designed curriculum.
Cornell offers its AEM students latitude too when it comes to selecting their classes. They can take over 4,000 courses from over 100 departments.
$74,026 per year (full-time) TUITION AND FEES
589 ENROLLMENT (FULL-TIME)
#14. Georgetown University (Washington, DC)
Georgetown University has one of the best banking schools in the US. The banking school located at Georgetown University have over 1,300 undergraduate in its McDonough School of Business. While finance is one of the 7 majors in the business school students can select from. Thus, the curriculum offered in their finance course includes a mixture of liberal arts classes and business ore courses.
$60,894 per year (full-time) TUITION AND FEES
534 ENROLLMENT (FULL-TIME)
#15. Yale University (New Haven, CT)
Yale University, one of the Ivy League members also offers incredible finance programs for students. Thus, the school is among the best banking schools in the US. The school offers varieties of graduate and undergraduate banking and finance programs. We bet you’d love it at Yale University.
The Ivy League school offers a master’s degree in asset management through its School of Management. Hence, they offer this STEM program to students interested and geared toward investment analysis and portfolio construction.
$57,700 per year (full-time) TUITION AND FEES
12,060 ENROLLMENT (FULL-TIME)
The essence of the banking system can not be over-emphasized. While over 106,000 people work in investment banking and securities dealing in the United States. Thus, banking schools in the US cover lots of lapses in the quality of education students receives. Therefore, one of the best decisions you’d ever make for yourself in this career path includes obtaining a banking degree from the US.
However, below, we have provided some other frequently asked questions relating to banking schools in the US. But if you still have further questions unanswered herein, so well to reach us. We will promptly give you feedback between 2 to 4 working days.
Frequently Asked Questions About Banking Schools in the US
UPenn has extremely bright students, diverse programs, and overall the best investment banking output.
To become an investment banker, it is absolutely essential that you earn a college degree. Usually, it doesn’t matter which college you go to as long as there are plenty of opportunities for you to complete internships and make plenty of connections.
Title. Base Salary. Total Remuneration
Analyst $85k – $100k $125k – $200k
Associate $100k – $120k $180k – $250k
Vice President $120k – $150k $220k – $400k
Managing Director $300k – $1M $500k – $10M+
Most investment banks prefer degrees in finance, accounting, business administration, and other business disciplines. Undergraduate degree subjects are less influential in the hiring process if a candidate has a master’s degree in business administration, finance, or another highly relevant subject.
The banking sector is certainly one of the hottest ones in the world when it comes to careers and jobs. This is because millions of graduates across the country seek jobs in public and private sector banks for good salaries and job security.
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