Financial Institution Management Program
Students in this program earn a Bachelor of Business Administration (B.B.A.) degree with a major in Finance and a concentration in Financial Institutions Management. The program requires the completion of 120 hours, structured as follows:
- General Studies courses, 42 hours - English, history, math,
science, P.E., etc.
- College of Business required courses, 42 hours - including
accounting, business law, economics, management, marketing,
information systems, etc.
- Additional courses to complete the major, 24 hours (including
6 hours in FIM courses).
- Other required major support courses and electives
Careers in Financial Institution Management
Careers in financial institution management (FIM) include a wide variety of challenging positions in the management of banks, savings institutions, pension funds, mutual funds, investment banks, and stock brokerage companies. Early career positions often involve selling or processing financial services used by consumers and/or businesses. There are also many specialized career tracks within FIM in such fields as human resources, portfolio management, financial product development, marketing, international banking, commercial lending, real estate lending, auto financing, etc.
The average salary, commissions and benefits earned by successful managers in these fields compare favorably to other business professions. Moreover, those who rise to the top levels of the major financial firms typically earn six-or-seven-figure salaries and often gain equity positions as well.
To be successful in this field, it is important to have a strong background in finance and accounting, as well as good people skills and a through understanding of how financial markets and institutions function in our economy. MTSU's FIM degree program, described above, is designed to prepare students for careers in this field.