This page contains official WAEC and JAMB subject combination (admission requirements) for Banking and Finance Degree, including the List of Nigeria Universities Offering this Course, A level requirements and much more


Course Banking and Finance Under Administration
Qualification B.Sc (Hons.) and B.A. (Hons)
Duration 3 – 4 Years
Suitability Commercial and Art Students
Cut off mark Varies
Entrance Very Competitive
Related courses Banking and Finance related courses
Job Availability High and Competitive

Is Banking and Finance a good course in Nigeria?

Absolutely. Banking and Finance is one of the oldest degrees in the world with plenty of job roles you can explore. You are not limited to any specific career field. A person working in Banking in Nigeria typically earns around 368,000 NGN per month. Salaries range from 50,000 – 116,000 NGN (lowest average) to 756,000 NGN (highest average, the actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers.

Banking and Finance is one of the oldest degrees and competitive. This course is popular amongst commercial students in secondary school. From our records, 88 Nigerian universities offer this degree course. So while you are here to get information on the O level subject combination for Banking and Finance, we also expect you consider the total number of students currently studying Banking and Finance and the employment rate we will show you below so that you will know what you are up against when you choose to study this course.

We have some student guide articles that will be of benefit to you. You can ignore.


WAEC Subject Combination For Banking and Finance

In WAEC, NECO or GCE, you are expected to register a maximum of 9 subjects for a Banking and Finance degree. You can register for less than 9 subjects if you are resitting.

However, you must have at least 5 credit passes amongst the 9 subjects listed below before you can gain admission into any Nigerian university to study for a Banking and Finance degree.

Remember, the requirement you’re about to read is also applicable to all o level examinations. (WAEC, NECO and GCE). We have painstakingly highlighted (in red) the core subjects on which you must obtain credit before you can gain admission. Any subject with blue colour means, a pass is allowed.

If however, you fail one of the core subjects, you should read through each university’s special requirements for this course below to see if there is a university that may accept another subject in lieu of the one you failed. The 9 WAEC/NECO/GCE subject combinations for Banking and Finance are:

  • Mathematics
  • English
  • Civic Education 
  • Trade Subject
  • Economics
  • Accounting
  • Commerce
  • Biology/Geography
  • Any Nigerian Language


If you have your O level result already and the subjects you have is not the same as the admission requirement that is the required O level subject combinations to study Banking and Finance, don’t give up. You should consider other Banking and Finance similar courses or take a look at Polytechnic or College of Education related course subject requirements.

You can also study online with a foreign university right from your bedroom or apply for a scholarship to study abroad. Education is now a choice. And please before you make a decision on which University to choose, please read useful guides on how to choose a course and university


JAMB subject combination for Banking and Finance

For this degree, you are also required to register for 4 subjects and English is compulsory. More so, your JAMB score in addition to your POST UTME score will determine the cumulative score that the university will use to decide your candidacy for admission.

You should score 210 or above in JAMB to stand a better chance of gaining admission to study Banking and Finance Degree. You can still gain admission if you score between 180-200 upward but you do not stand a chance with those who had scored higher. Try out JAMB Admission Simulator.

The 4 JAMB subject combination for Banking and Finance are:

  • English
  • Economics
  • Mathematics
  • Accounting


Direct Entry requirement (required A-level result) to study Banking and Finance

If you’re one of those seeking admission into the University to further your studies, in addition to the required WAEC subjects combination for Banking and Finance under faculty of administration, you are expected to have Two ‘A’ level passes chosen from Accounting, Economics, Management, Mathematics, Geography, and Statistics

I want you to read this

Here is the list of universities offering Banking and Finance Degree in Nigeria.

  1. Abia State University, Uturu
  2. Achievers University, Owo
  3. Adekunle Ajasin University, Akungba
  4. Afe Babalola University, Ado-Ekiti – Ekiti State
  5. Ajayi Crowther University, Ibadan (ACU)
  6. Al-Hikmah University, Ilorin
  7. Ambrose Alli University, Ekpoma
  8. Arthur Javis University Akpoyubo Cross River State
  9. Augustine University
  10. Babcock University, Ilishan-Remo
  11. Bauchi State University, Gadau
  12. Bayero University, Kano
  13. Baze University
  14. Bells University of Technology, Otta
  15. Benson Idahosa University, Benin City
  16. Bowen University, Iwo
  17. Caleb University, Lagos
  18. Caritas University, Enugu
  19. Chrisland University
  20. Christopher University Mowe
  21. Chukwuemeka Odumegwu Ojukwu University, Uli
  22. Covenant University Ota
  23. Crawford University Igbesa
  24. Crescent University (CUAB)
  25. Crown Hill University Eiyenkorin, Kwara State
  26. Delta State University, Abraka (DELSU)
  27. Eastern Palm University Ogboko, Imo State
  28. Ebonyi State University, Abakaliki
  29. Edo University Iyamo
  30. Edwin Clark University, Kaigbodo
  31. Ekiti State University
  32. Elizade University, Ilara-Mokin
  33. Enugu State University of Science and Technology, Enugu (ESUT)
  34. Evangel University, Akaeze
  35. Federal University, Otuoke, Bayelsa (FUOTUOKE)
  36. Federal University, Oye-Ekiti, Ekiti State
  37. Federal University, Wukari, Taraba State (FUWUKARI)
  38. Fountain University, Oshogbo
  39. Godfrey Okoye University, Ugwuomu-Nike – Enugu State
  40. Gregory University, Uturu
  41. Hallmark University, Ijebi Itele
  42. Igbinedion University Okada
  43. Imo State University, Owerri (IMSU)
  44. Kings University, Ode Omu (UNIKINGS)
  45. Kola Daisi University Ibadan, Oyo State
  46. Kwara State University, Ilorin (KWASU)
  47. Lagos State University, Ojo (LASU)
  48. Landmark University, Omu-Aran
  49. Legacy University, Okija Anambra State
  50. Madonna University, Okija
  51. Mcpherson University, Seriki Sotayo, Ajebo
  52. Micheal & Cecilia Ibru University
  53. Modibbo Adama University of Technology, Yola (MAUTY)
  54. Mountain Top University
  55. Nasarawa State University Keffi (NSUK)
  56. Niger Delta University Yenagoa (NDU)
  57. Nigeria Police Academy Wudil
  58. Nile University of Nigeria, Abuja
  59. Nnamdi Azikiwe University, Awka (UNIZIK)
  60. Obong University, Obong Ntak
  61. Oduduwa University, Ipetumodu – Osun State
  62. Ogun,Kogi State University Anyigba
  63. Olabisi Onabanjo University, Ago Iwoye
  64. Osun State University Osogbo (UNIOSUN)
  65. Pan-Atlantic University, Lagos
  66. Paul University, Awka – Anambra State
  67. Redeemer’s University, Mowe
  68. Renaissance University, Enugu
  69. Rhema University Obeama-Asa – Rivers State
  70. River State University of Science and Technology (RSUST)
  71. Salem University, Lokoja
  72. Samuel Adegboyega University, Ogwa
  73. Southwestern University, Oku Owa
  74. Summit University
  75. Tansian University, Umunya
  76. University of Abuja, Gwagwalada
  77. University of Benin (UNIBEN)
  78. University of Calabar (UNICAL)
  79. University of Jos (UNIJOS)
  80. University of Mkar, Mkar
  81. University of Nigeria, Nsukka (UNN)
  82. University of Port-Harcourt (UNIPORT)
  83. University of Uyo
  84. Usumanu Danfodiyo University (UDUSOK)
  85. Veritas University, Abuja
  86. Wellspring University, Evbuobanosa – Edo State
  87. Wesley University of Science & Technology, Ondo.
  88. Western Delta University Oghara Delta State

Admission Rate:

Banking and Finance Degree has a 43% admission rate.

Estimated number of students currently studying Banking and Finance in Nigerian Universities is 87,840
Banking and Finance has 11% employment rate in Nigeria

Who can study Banking and Finance Degree?

Can science or art students study Banking and Finance at the university? By default, this course is meant for commercial students only. But the curriculum of this course allows students with art and science backgrounds to study it as long as they have the right O level subject combination for Banking and Finance.

This simply means, even though you were an art student in secondary school, you can still qualify to study this course with the right O level subject for Banking and Finance.


Banking and Finance Course Description

A banking and Finance degree prepare students to think critically and find new ways to improve the industry. Students learn to communicate effectively on all levels and acquire leadership skills in the banking industry to become an initiator of change by making complex and difficult decisions using modern finance, marketing and management analysis method.

Banking and Finance encompass the storing and protecting of money, the creating and maintaining of wealth, and the receiving, distributing and overall managing of money that is crucial to the success of every business. Very broad areas, banking, credit and finance professionals can be found in every industry helping businesses as well as individuals. People entering these fields have to be knowledgeable of methods of deposit and withdrawals, loans, interest rates, budgets and financing, stocks, bonds, credits, investments, monetary systems, and financial institutions.

Skills for Success

  • Aptitude for analysing, organizing and interpreting numerical data
  • Ability to explain financial terms and transactions to others
  • Strong ethics
  • Analytical & precise
  • Computer skills
  • Ability to handle money
  • Strong written and oral communication skills
  • Able to communicate with a diversity of people
  • Attention to detail

You should read this also


Banking and Finance is how many years course and under which faculty?

Depending on your mode of entry, Banking and Finance is a three to four years course in Nigeria. According to JAMB, Banking and Finance is under the Faculty of Administration but may be under a different faculty in some universities.

Have you read this?


Now I am confident that you know the compulsory subjects needed to study Banking and Finance in WAEC. But note this — Some Universities may accept D7 or E8 in some a compulsory subject instead of Credit. And some may accept or reject two sittings. That is combinations of WAEC, NECO, or GCE results.

Special consideration (waiver) for Banking and Finance

  • Ahmadu Bello University, Zaria does not accept a combination of Local Languages and Religious Knowledge.
  • Benson Idahosa University, Benin City, Adekunle Ajasin University, Akungba, University of Uyo, Nnamdi Azikiwe University, Awka (UNIZIK), Enugu State University of Science and Technology, Enugu (ESUT), Ekiti State University, Imo State University, Owerri (IMSU),University of Port-Harcourt (UNIPORT) and University of Lagos (UNILAG) require credit in Economics and two other subjects.
  • Imo State University, Owerri (IMSU) and Benson Idahosa University, Benin City accept credit/merit in English Language in TC II.
  • University of Port-Harcourt (UNIPORT) requires Economics and does not accept commercial subjects.
  • University of Agriculture, Makurdi, Ebonyi State University, Abakaliki and River State University of Science and Technology (RSUST) – Same as in Accounting.
  • University of Lagos (UNILAG) requires credit in English Language, Mathematics, Economics and any two of Government, Geography, Commerce, Financial Accounting, Physics, Chemistry, Biology, Banking and Finance and Book Keeping.
  • American University of Nigeria, Yola (AUN) requires Five ‘O’ level credit including English Language, Mathematics, and any other three subjects from the following; Economics, Geography, Government, History, Literature in English, Further Mathematics, Technical Drawing, Visual Arts, Computer Studies, Information Technology, Civics, Environmental Science, Biology, Physics, Chemistry and French.
  •  American University of Nigeria, Yola (AUN) does not accept credit in the following; Agriculture, Food and Nutrition, Home Economics, Home Craft, Home management, Physical Education, Physical and Health Education, Music, Commerce, Accounting, Financial Accounting, Book keeping, Islamic History, Religious Studies, Tajweed, Library Studies, Diction, Kiswahili, Igbo, Hausa, Yoruba, Arabic, Turkish, Study skills.
  • University of Nigeria, Nsukka (UNN) requires five O’ level credits to include: English Language, Mathematics and any other relevant subjects. For NBC the other two relevant subjects could be from any of the following: Accounting, Principles of Accounts, Commerce, Office Practice and Economics.
  • Ekiti State University requires credit in Economics plus other social Science subjects at the SSCE.
  • Adekunle Ajasin University, Akungba requires credit in Economics plus one social Science subject and any other subject at the SSCE level’]

Further reading on Banking and Finance Degree:

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