Bowen University

Excellence and godliness

Programme: B.Sc. Banking and Finance

Programme Philosophy and objectives:
Philosophy
The philosophy of the programme is to produce graduates of Banking and Finance who are appropriately trained and infused with all the qualities needed to provide professional leadership and contribute to the society.

Objectives
(i) to produce high caliber graduates in Banking and Finance capable of taking up responsible positions in the profession and society at large;
(ii) to equip graduates with required analytical and managerial skills necessary to prepare them for the challenges of middle and top management positions in industrial and public organizations;
(iii) to acquire the necessary professional proficiency needed by the banking industry globally;
(iv) to prepare students for meeting the challenges of modern day dynamic banking system occasioned by high Information Technology and Globalization.

(a) Admission Policy

GENERAL
Unified Tertiary Matriculation Examination (UTME)

(a) All applicants are required to sit for the Unified Tertiary Matriculation Examinations (UTME)
(b) All applicants are to collect Bowen University Form
(c) All applicants are required to have credits at SSCE, GCE, NECO, NABTEB or approved equivalent in at least 5 subjects which must include English Language and any four other subjects as may be specified by each Faculty.
(d) The five Credits should be obtained in not more than two sittings.
(e) All applicants will be required to go through Bowen University’s Screening Exercise.

Direct Entry

All applicants for direct entry must satisfy any one of the following:

(a) NCE, ND or approved equivalents with at least Upper Credit in relevant fields.
(b) Two Advanced Level passes, but the College of Health Sciences requires three Advanced Level passes.
(c) The Interim Joint Matriculation Board (IJMB) or Cambridge moderated School of Basic Studies at acceptable grade levels.
(d) B.Sc. (minimum of Second Class Upper) in relevant fields for Medicine and Surgery.
(e) In addition to the NCE/ND/IJMB or two Advanced Level papers to be specified by the Faculty or programme, candidates must also satisfy Ordinary Level requirements.
(f) All direct entry candidates are required to apply through JAMB.

DEPARTMENTAL ADMISSION REQUIREMENTS

O’ Level Subjects

The five O’ Level credits to include English Language, Mathematics, Economics, one other Social Science subject and any other subject.

UTME Subjects
English Language, Mathematics, Economics plus any other Social Sciences Subject.

Direct Entry
At least two passes at GCE “A” Level as in Accounting, IJMB/NCE/ND/Banking Certificate/CIBN course or approved equivalent.

Establishment

The Department has one Administrative staff

ACADEMIC STAFF DISTRIBUTION

2012/2013 2013/2014
Professor 1 1
Reader Nil Nil
Senior Lecturer Nil Nil
Lecturer I 3 4
Lecturer II 3 6
Assistant Lecturer 2 Nil
Graduate Assistant 1 1
Total 10 11


1.0 BACKGROUND
The Department of Banking and Finance at inception of the university was part of the defunct Department of Accounting and Banking and Finance in the Faculty of Social and Management Sciences.

The Department was carved out of Department Accounting and Banking and Finance as an autonomous department in 2006. The take off prospectus of the University was designed to cover 2002-2007. However a more comprehensive prospectus was redesigned in 2006 approved by the University Senate, to cover the period of 2007-2012. At the expiration of this prospectus, another review was made which produced the current one in use covering 2012 - 2017. This prospectus was reviewed taking into consideration the requirements of the National Universities Commission (NUC) Bowen University requirement as well as that of the umbrella Professional Institute -The Chartered Institute of Bankers of Nigeria (CIBN).

The guiding philosophy of the programme was to produce graduates in Banking and Finance who are appropriately trained and imbibed with all the qualities needed to provide profession leadership and contribute to the nation’s economy.

Our department has been accredited and re-accredited by the NUC on full accreditation status, the last one being received to cover 2013 - 2017. The department has never failed any NUC accreditation since its creation.

Our department equally passed the accreditation test of the Chartered Institute of Bankers of Nigeria in 2013. This accreditation accorded our department and the University at large the status of profession recognition under the LINKAGE Programme. Under this linkage agreement, our graduates need to pass only 4 (four courses of the CIBN examination to qualify as a Chartered Bankers i.e. ACIB holders.
The climax of this professional recognition was the final Signing of a Memorandum of Understanding (MOU) between the CIBN and Bowen University in May 2013.

Apart from the B.Sc Degree at the undergraduate level which has full NUC accreditation, at the Post Graduate Level, our department was recently accredited for Masters of Science Degree in Banking and Finance (M.Sc Banking and Finance) by the NUC and the first set of students already commence their academic works.

2.0 DEPARTMENT STAFF.
The present staff strength of the department is as presented hereunder.

3.0 STUDENT’S GRADUATION SINCE INCEPTION
A total of 442 students have graduated from the department since 2006. The distribution of the class of degree of graduates is shown below.

3.1 Distribution of the class of degree of graduates since inception.

year 1st class 2nd class upper 2nd class lower 3rd class Pass Total
2006 - 03 20 11 - 34
2007 - 07 26 16 - 49
2008 - 10 31 23 - 64
2009 - 11 22 14 01 48
2010 - 07 22 12 02 41
2011 02 06 20 19 02 50
2012 01 11 21 19 03 55
2013 01 10 33 19 01 64
2014 01 08 13 12 03 37

4.0. STUDENT DEVELOPMENT ACTIVITIES
We do not limit our students’ development activities to classroom work, they undertake excursions to reputable private and public organizations in the money and capital markets. We encourage them to register with the Chartered Institute of Bankers of Nigeria (CIBN). Two (2) of our students have already qualified as Chartered Bankers.

5.0 RESEARCH ACTIVITIES
Six (6) members of our academic staff are deeply involved in various research activities in Finance and Banking in their programmes towards obtaining their PhD. Degree. Very recently, a member of our academic staff was awarded the Fellowship of the Chartered Institute of Bankers of Nigeria. He is equally an examiner of the CIBN. All these are in the best interest of our students with the resultant effect of high quality lecture delivery to the students, thereby exposing them to global best practices.

Prof. P.E. Oribabor
Head, Banking and Finance.

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Bowen University Iwo, Osun State. All Rights Reserved.