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WESLEY UNIVERSITY ONDO

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BANKING AND FINANCE

Nigeria is poised to make its banking and financial services (including international business) one of the leading sectors of the economy. In this respect the government has been adopting a series of incentives measures to boost up this sector. As a matter of fact, this industry is presently contributing significantly to the economy.
In order to provide and enhance excellent services and to keep up with the latest financial innovation and financial engineering in the field, we need a wider pool of literate professionals to respond to the above. Employers in this sector is seeking graduates who are capable of analyzing and solving complex problems in Banking and international finance, and who possess the ability to apply the principles of finance and other related field to this sectors.
However, until now only short training courses and workshops have been designed to give some training to the employees of this sector. More so the degree programmes available do not cover adequately the international business and finance part of this field of study.

As from the Academic year 2009/2010, the Wesley University of Science and Technology is offering a unique course leading to a B.Sc. (Hons) in Banking and Finance with two entry points at (100, 200) which would enable students to qualify for the award of a degree. During the programme all students study core modules in Banking and finance, Economics, Management, Quantitative and Statistical Methods, and Accounting. Also student will be exposed to more intensive modules Finance and International Finance.

Programme Aim

The degree aims to produce graduates who will be future leaders of the financial community. It equips students with the academic knowledge of operate in the increasingly competitive world of financial markets.
The programme is designed to be relevant and practical, and allows candidates to follow a blend of specialist and generalist aspects of the banking, international business and finance field which would surely suit the industry and the individual’s needs. The programme will inculcate the foundation and more advanced theories and also bring in the latest of the financial innovation, financial engineering, strategies and concepts in the above mentioned field to the recipients. It is mostly aimed at those in or aspiring to, middle and senior management positions and also for school leavers who wish to undertake a career in this sector.

Programme Duration

i.    B.Sc. –4 years (8 semesters)
ii    Semester – 15 weeks (excluding exam period

Entry Requirements

A) General Admission Requirement

Admission into 100 Level for Banking & Finance shall be through UTME. The candidate must have a minimum of five credit pass at the SSCE level or its equivalent. The subjects must include English Language, Mathematics and any other three from Economics, Accounting, and statistics. Candidates seeking admission through the foundation programme or the pre-degree programme must also satisfy the WASC/SSCE minimum requirement.

B)Direct Entry

Candidates with A’ Level Certificate, OND and HND degree in relevant discipline from an approved institution with a minimum of not less than an Upper Credit or its equivalent and post-qualification working experience of five years or more can be admitted through direct entry into 200L.

Length of Programme

The length of the programme is four years for UTME candidates, three years for Direct Entry (OND and A’ Level)  Regulations
(a)    Courses shall be provided leading to the degree of Bachelor of Science (B.Sc.) in Banking and Finance which may be awarded with honours or as a pass degree.
(b)    The curriculum for the B.Sc. programme shall extend over eight semesters.
(c)    Instructions shall be by courses, students will be required to take approved combinations of such courses as Senate on the recommendations of the College may from time to time determine.
(d)    Courses shall be evaluated in terms of course units. A course unit is defined as one lecture/tutorial contact hour per week or three hours of laboratory or practical class per week throughout a semester or an equivalent amount of other assigned study of practical experience or combination of these.
(e)    There shall be four levels of courses.
Requirement for the Award of the Degree
To qualify for the award of the Bachelor of Science (Honours) degree in Banking and Finance;
(a)    The students must have completed a minimum of 170* credit units
(b)    The students must satisfy both internal and external examiners in the written and practical projects, seminars and oral examination as may be prescribed from time to by the Department.
(c)    All courses taught during each semester shall be examined at the end of that semester and candidates will be credited with the number of course unit assigned to the course, which they pass.
(d)    The total number of units taken along with the grades obtained in each course shall be recorded for the purpose of computing the Cumulative Grade Point Average (CGPA).
(e)    The weighted grade point of all courses taken shall be used for the determination of the class of degree.
(f)    The degree shall be awarded with honours provided a student obtains a Cumulative Grade Point Average (CGPA) that is not less than 1.5 and satisfies other minimum honours requirement.
(g)    Students are required to undertake the Students Industrial Work Experience Scheme (SIWES) for appropriate credit allocated by the Colleges.
(h)    Where a student is unable to satisfy the minimum requirements for the award of an honours degree after spending one extra session, he shall be considered for the award of a pass degree.
(i)    Students who cannot meet all the degree requirements within two academic sessions in excess of the minimum duration without Senate approval shall be required to withdraw from the University without the award of any degree.