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Upon completion of the undergraduate degree in Banking and Finance, students should be able to:

  • Apply appropriate methodologies to the analysis and solution of financial problems including, inter alia, financial analysis, valuation of real and financial assets, risk management, and investment analysis.
  • Describe personal financial and investment concepts that enable the provision of advice on investments, insurance, and estate planning.
  • Explain the role of financial management in the business firm and in the public sector.
  • Explain the functioning and operation of financial markets and the roles of financial institutions.
  • Evaluate social and ethical issues and dilemmas related to banking and finance.

The Banking and Finance Degree programme is jointly offered by the Departments of Economics the Mona School of Business and Management, drawing upon course offerings from both departments.


  • Equip students with theoretical information and techniques necessary to make informed analyses about the banking sector and the wider financial sector.
  • Increase students’ capability to develop practical knowledge and policy advice for the sustainable growth of the financial sector in the Caribbean.
  • Promote scientific economic thinking and policymaking in the Caribbean with respect to banking and finance in both the private and public sectors.

Admission Requirements

CXC (at least grade III) or GCE O’ Level passes in Mathematics and English Language plus three other subjects. In addition, applicants must have at least one of the following:

  • CAPE (Units 1 and 2) or GCE A’ Level passes in at least two subjects.
  • An Associate degree, Diploma and/or Certificate from other approved tertiary institutions having attained a B+ average or a minimum GPA of 2.5.
  • High School Grade 12 transcript with a minimum GPA of 3.0 and a minimum SAT I score of 1700 plus a minimum of two (2) SAT II subjects at a score of 500 or above or successful completion of Advanced Placement Courses or the International Baccalaureate programme.

Programme Structure

Level I

  • ECON1000: Principles of Economics I
  • ECON1012: Principles of Economics II
  • ECON1003: Mathematics for Social Sciences I
  • ECON1004: Mathematics for Social Sciences II
  • ECON1005: Introduction to Statistics
  • ACCT1003: Introduction to Cost and Management Accounting
  • ACCT1005: Financial Accounting
  • FOUN1101: Caribbean Civilization
  • FOUN1201: Science, Medicine, and Technology in Society
  • FOUN1013: Critical Reading and Writing in the Social Sciences or FOUN1019: Critical Reading and Writing in the Disciplines (Year-long – 6 credits)

Level II & Level III

  • ECON2000: Intermediate Microeconomics I
  • ECON2002: Intermediate Macroeconomics I
  • MGMT2004: Computer Applications
  • MGMT2068: Risk and Treasury Management
  • MGMT2023: Financial Management I
  • ECON3010: Finance and Development
  • ECON3011: Economics of Financial Institutions
  • ECON3073: Credit Analysis and Lending
  • MGMT3066: Business Ethics for Bankers
  • MGMT3067: Regulatory Framework of Banking & Finance
  • Plus 10 Levels II/III Electives


  • Students MUST do ECON1005. SOCI equivalents are NOT accepted
  • Students pursuing a degree in Banking and Finance or Economics MUST NOT register for MGMT2020.
  • ACCT2014 is a prerequisite for ECON3073. Therefore Banking and Finance students are encouraged to register for this course as a free elective.
  • Students wishing to pursue MSc. Economics are encouraged to do the following courses as electives; ECON2016: Calculus for Social Sciences & ECON3031: Probability & Distribution Theory

Career Path

Upon graduation from the program, Banking and Finance majors are poised for entry-level positions in financial management, commercial and investment banking, investments, insurance, real estate, financial planning, and government service.

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