Banking and Financial Services Degree

The robust world of Banking and Financial Support Services is a field of study emphasizing the facilitation of financial and economic services for individuals and business entities. Get more details below including other Illinois colleges that offer banking and financial services degrees.

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Illinois Central College (ICC)

1312 N Park St, Bloomington, IL

Illinois Central College (ICC) believes in changing the world through learning that changes minds. Their ambitious philosophy is reflected in the many learning opportunities they offer – not just for those looking for transfer programs for four-year courses, but also to the community at large. Their strong community ties are also reflected in the way the college was formed. In 1966, the citizens of Central Illinois voted to create the college; the very first year, it enrolled an impressive 2,946 students the following year. Today, their annual student enrollment figures regularly break the 13,000 barrier, and nearly 1,500 degrees and certificates are awarded yearly.

ICC is truly a community-serving college: in total, it serves 44 high schools over a 2,322 square mile area; the ICC Education Foundation awards approximately $350,000 worth of scholarships each year; tuition waivers are granted by the college to the tune of $1 million annually; not least of its merits, ICC has touched over 400,000 lives since its inception.

In times past, ICC was part of the regular re-accreditation process, which took several years to complete. In 2002, it was awarded the maximum 10-year re-accreditation. Currently, it is a part of the Academic Quality Improvement Program, or AQIP, an accreditation program of the Higher Learning Commission of the North Central Association; the program involves the college selecting four action projects that are periodically monitored and reported on.

ICC offers a robust portfolio of technical and academic programs, some of which can be transferred to a four-year degree program at other universities.

Students Enrolled in the Banking and Financial Services Program

Get more details below regarding enrollment, academics, and school demographics. ICC has offered the following program levels for students:

• Less Than Two-Year Award
• Associate's Degree

Students by Academic Level (2019)

Source: IPEDS Survey 2012-2020: Data obtained from the US Dept. of Education's Integrated Postsecondary Education Data System (IPEDS). Data may vary depending on school and academic year.

Career Options for Graduates

Loan Counselors

Description

Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.

Career Outlook & Projections ()

According to the BLS, loan counselors employment is expected to grow at a rate of 15.5% from 2014 to 2024

Bill and Account Collectors

Description

Locate and notify customers of delinquent accounts by mail, telephone, or personal visit to solicit payment. Duties include receiving payment and posting amount to customer's account; preparing statements to credit department if customer fails to respond; initiating repossession proceedings or service disconnection; and keeping records of collection and status of accounts.

Career Outlook & Projections ()

According to the BLS, bill and account collectors employment is expected to shrink at a rate of -5.6% from 2014 to 2024

Salary & Wages

• Bloomington, IL
  • Total Employment: 150
  • Average Hourly Rate: $19.20
  • Average Annual Salary: $39930

Tellers

Description

Receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution's various transactions.

Career Outlook & Projections ()

According to the BLS, tellers employment is expected to shrink at a rate of -7.7% from 2014 to 2024

Salary & Wages

• Bloomington, IL
  • Total Employment: 240
  • Average Hourly Rate: $12.31
  • Average Annual Salary: $25610

Credit Authorizers

Description

Authorize credit charges against customers' accounts.

Career Outlook & Projections ()

According to the BLS, credit authorizers employment is expected to shrink at a rate of -6.2% from 2014 to 2024

Source: Job descriptions, estimated salary and wages, and projected job growth are taken from the Bureau of Labor Statistics (BLS).