School of Investment & Banking

Bachelor of Commerce with a Major in Banking

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

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NQF Level

7

SAQA

90509

Min Credits

360

DESCRIPTION AND PROGRAMME PURPOSE

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.

WHO SHOULD ENROL

The programme would be suitable for:

  • An employed person who wants to enhance his or her knowledge of the core areas of banking.
  • A person employed in a junior position in the banking, financial services or micro-loans industry.
  • A person who wants to gain the relevant specialised knowledge in the areas of banking required to pursue a career in that field.
  • A person wanting to complete a degree which appears on the Financial Sector Conduct Authority’s (FSCA) list of recognised qualifications for FAIS Fit and Proper purposes.

PROGRAMME OUTCOMES

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.

PROGRAMME STRUCTURE

MAJOR: BANKING: 409 CREDITS

Semester 1  Year 1  Year 2  Year 3
Compulsory (all) 

Induction to Business Studies*
Business Numeracy*
Principles of Microeconomics
Principles of Accounting
Introduction to Business Management
Regulation and Compliance in the
Banking Industry**
Introduction to Retail Banking**
Intermediate Macroeconomics
Bank Management**
General Management
International Economics
Risk Management**
Semester 2 Year 1  Year 2  Year 3
Compulsory (all)  Principles of Macroeconomics
Applied Financial Accounting
Business Law
Marketing Management
Practice 
Management and Leadership
Risk Management in Banking**
Financial Markets**
Global Banking Operations**
Technology and Innovation**
Electives *** 

  Select any 1 of:
Taxation 
OR
Financial Management 1
OR
Banking without Boundaries**

Select any 1 of:
Business Research
Methods 
OR
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.

The admission criteria for the Bachelor in Commerce degree are as follows:

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:

  • Economics
  • Business Economics
  • Accounting
  • Physical Science or Physics/Chemistry
  • Natural Science or Biology.

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:

  • Economics
  • Business Economics
  • Accounting
  • Physical Science or Physics/Chemistry
  • Natural Science or Biology.

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.

Other certificates

Any applicant who has a certificate other than a South African National Senior Certificate has to provide:

  • a SAQA Certificate of Equivalence, if they want to enrol for a Higher Certificate, Advanced Certificate, Diploma or Postgraduate qualification (www.saqa.org.za)
  • or a USAF Exemption Certificate, if they want to enrol for a Bachelor’s degree (https://mb.usaf.ac.za/).

Recognition of Prior Learning (RPL) applications

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 5 Semester 2
Close of Admission/application: 12 August 2022 Close of Admission/application: 18 July 2022
Close of Registration: 26 August 2022 Close of Registration: 21 July 2022

 

Cycle 6
Close of Admission/Application: 7 October  2022
Close of Registration: 21 October 2022

What's next after this?

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)?