The BCom with a major in Banking is suitable for students seeking a solid educational foundation in banking, with the option for a career as a specialist or manager in the banking sector. This Bachelor of Commerce degree is designed to help fast-track your career in banking. It provides practical skills and an understanding of banking and business topics. It can also lay the foundation for further studies.
Offered via Distance Learning (DL) and Distance Learning Online (DLO) - Click here to find out more about our Ways to study
The global banking industry is facing unprecedented change due to new developments in the areas of digitalisation, machine learning and artificial intelligence. At the same time, some of the core competencies for banking are still required. The Bachelor of Commerce (BCom) degree with a major in Banking will function as a solid basis to enable graduates to operate responsibly and successfully in the banking environment, bearing in mind the changes that the industry is experiencing.
The purpose of the BCom degree is to provide a broad but solid educational foundation to students in the field of commerce, including various key discipline areas such as business management, accounting and economics. The qualification has been designed to provide the knowledge base, practical competence and application skills that will enable students to either enter the labour market or to pursue further studies in this field.
The BCom degree appears on the Financial Sector Conduct Authority’s (FSCA) list of recognised qualifications for FAIS Fit and Proper purposes.
The programme would be suitable for:
Successful completion of this qualification should enable the student to:
1. Demonstrate awareness of the management and leadership competences necessary to operate in the local
or international business environment.
2. Demonstrate awareness of the essential components of an effective operations strategy in a business environment.
3. Demonstrate awareness of essential economic theory and its managerial and business implications.
4. Conduct business research with appropriate supervision in a business environment.
Kindly note that there is an overview factsheet available that provides information on all the different BCom majors offered by Milpark.
MAJOR: BANKING: 409 CREDITS
|Semester 1||Year 1||Year 2||Year 3|
||Induction to Business Studies*
Principles of Microeconomics
Principles of Accounting
Introduction to Business Management
Regulation and Compliance in the
Introduction to Retail Banking**
|Semester 2||Year 1||Year 2||Year 3|
|Compulsory (all)||Principles of Macroeconomics
Applied Financial Accounting
Management and Leadership
Risk Management in Banking**
Global Banking Operations**
Technology and Innovation**
||Select any 1 of:
Financial Management 1
Banking without Boundaries**
|Select any 1 of:
Financial Management 2
|Total credits per year||159||116/121||134/129|
|* Please note that Induction to Business Studies and Business Numeracy are only offered via Distance Learning Online (DLO) and should be completed in the first semester of study in year 1.
** NOTE: specialist modules relating to your chosen major may be on offer via distance learning only.
*** Taxation or Banking Without Boundaries is done in combination with Business Research Methods and Financial Management 1 is done in combination with Financial Management 2.
If the candidate matriculated in 2007 or earlier
Candidates who matriculated in 2007 or earlier require:
1. A Senior Certificate with matriculation endorsement/exemption for degree studies. Candidates who have a Senior Certificate but who do not meet the matriculation endorsement/exemption requirements stated above, may apply to Universities South Africa (USAF), for mature age exemption (https://mb.usaf.ac.za/); and
2. A symbol of E or higher for Mathematics on HG, or a symbol of D or higher for Mathematics on SG. Candidates who do not meet the Mathematics requirement may beoffered admission on condition that they successfully complete the BCom bridging programme, if they have achieved at least a symbol of E on HG or a C on SG in any two of the following subjects:
If the candidate matriculated in 2008 or later
Candidates who matriculated in 2008 or later require:
1. A National Senior Certificate (NSC) with a minimum of 50% in four NSC 20-credit subjects, including English as the language of instruction at Milpark Education, as certified by Umalusi. Candidates who have a National Senior Certificate (NSC) but who do not meet the matriculation endorsement/exemption requirements stated above, may apply to Universities South Africa (USAF), for mature age exemption (https://mb.usaf.ac.za/); and
2. A minimum mark of 50% for Mathematics or 70% for Mathematics Literacy. Candidates who do not meet the Mathematics requirement but who have achieved a minimum mark of 50% or higher in any two of the following subjects may be offered admission on condition that they successfully complete the bridging programme:
Candidates who have completed a relevant Higher Certificate (NQF 5) or Diploma (NQF 6) in the field of business or commerce, may also be admitted to the BCom degree.
Any applicant who has a certificate other than a South African National Senior Certificate has to provide:
Milpark admits a small number of students onto its programme via Recognition of Prior Learning (RPL). Applicants interested in applying via RPL will be considered individually by the relevant Dean.
|Distance Learning Online (DLO)||Distance Learning (DL)|
|Cycle 1||Semester 1|
|Close of Admission/application: 31 December 2021||Close of Admission/application: 28 January 2022|
|Close of Registration: 14 January 2022||Close of Registration: 11 February 2022|
|Close of Admission/Application: 25 February 2022|
|Close of Registration: 11 March 2022|
Now that you have a BCom degree in hand, why not continue your learning journey and apply for a Postgraduate Diploma in Banking or Investment (NQF 8)?