Every year, thousands of grade 12 students across South Africa appear for the National Senior Certificate (NSC) exams. These are commonly referred to as the matric. Students must pass the externally marked matric exams before they can graduate from high school.
When the matric scores are released, they also include one of the following pass levels: bachelor, diploma, higher certificate, or NSC pass. Students who receive a higher certificate pass can pursue higher education at the certificate level in courses such as banking.
In this article, we will explore what is a higher certificate in banking, programme recognition, and career opportunities.
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What is a Higher Certificate in Banking?
When students earn a higher certificate for their matric exams, they can apply for higher education programmes and short courses. While they cannot apply for undergraduate banking programmes with this matric score, they can complete a higher certificate in banking.
If one is wondering what is a higher certificate in banking, it is primarily the foundation for a career in banking. It is designed to help students develop an understanding of core banking concepts at the fundamental level. Students can choose to study for a higher certificate in banking at a university or with an accredited distance learning provider.
The higher certificate in banking course will provide students with an understanding of how banks and the financial services sector operate. It will also cover the products and services offered and how individuals can work within ethical boundaries.
Students who complete this course will receive an NQF Level 5 qualification. This qualification can be used to gain admission to related undergraduate programmes. It can also be used for entry-level positions in the banking and financial services sector.
What is the Purpose of the Higher Certificate in Banking?
Students who receive a higher certificate pass in the matric should not be disappointed because numerous educational opportunities are available. A higher certificate in banking is one such qualification that can help students re-focus on their educational goals.
It is common for students to wonder what a higher certificate in banking is and if it will be helpful. The higher certificate in banking course is designed to provide foundational-level knowledge and skills for students to gain entry into the baking sector in South Africa. It exposes them to current market scenarios and how the industry must adapt to respond to challenges such as online fraud, etc.
Before students apply for this programme, they would like to know more details regarding what is a higher certificate in banking and what is its purpose. This program includes subjects that help provide the following:
- Foundational knowledge: A higher certificate in banking subjects helps lay the groundwork for an introduction to financial principles, regulations, and compliances.
- Skill development: it also helps to develop people skills and trains students in customer service, retail credit, fraud, etc.
- Networking opportunities: Students can connect with industry professionals who can help them with job opportunities.
- Entry into the banking industry: Completing a higher certificate in banking is one of the biggest benefits, as it allows students to apply for entry-level positions.
What are the Key Learning Areas in the Higher Certificate in Banking?
Before students begin this programme, they are likely to question what is a higher certificate in banking and what they will gain from it. The higher certificate in banking modules helps to introduce students to various aspects of banking.
They also help students understand the changing banking environment and how the sector adapts to overcome challenges.
These are some of the higher certificate in banking subjects that prepare students for a career in banking and finance:
- Introduction to Banking: This course covers the basics of business and personal finance and teaches students investment techniques and how to create and manage budgets.
- Financial Management: Overview of banking products like savings accounts, loans, and investments.
- Credit Management: Students understand how to determine creditworthiness, formulate agreement terms, manage repayment and assess risk.
- Risk Management: Banking is based on risk, and this subject teaches students how to evaluate and manage risks.
What is the Eligibility Criteria for a Higher Certificate in Banking?
So far, we have covered what is a higher certificate in banking, its purpose, and some of the key subjects offered in the programme. Students who wish to apply for a higher certificate in banking must have passed the matric with a higher certificate pass. Additionally, a strong graph of mathematical concepts is a bonus as it makes it easy for students to calculate financial data.
To achieve a higher certificate in matric, students need to score the following:
- Home Language: 40% or higher
- 2 high credit subjects: 40% or higher
- 3 other subjects: 30% or higher
Institutes might have varying eligibility criteria. Some allow students to apply for the higher certificate with an NSC pass or an equivalent qualification. It is recommended that students check individual programme requirements before submitting their application.
Regenesys Offers Higher Certificate in Business Management in Credit Banking
When one thinks about what is a higher certificate in banking, it covers several types of programmes that enables students to gain entry into the banking industry. One such variation is the outstanding Higher Certificate in Business Management in Credit Banking offered by the Regenesys School of Finance. To qualify for admission, candidates must have passed the matric with a higher certificate or diploma pass, and have basic computer skills.
This is a SAQA-accredited programme, and students who complete it are awarded an NQF Level 5 qualification. This qualification can be used to apply for entry-level jobs in banking or to begin an undergraduate programme that accepts an NQF Level 5 qualification from an accredited institute such as Regenesys.
This programme is designed for individuals who wish to work in private banking and includes courses such as Introduction to Banking, Credit Management, and Fundamentals of Financial Management.
After completing this programme, students can pursue higher certificate in banking careers, including administrative supervisor, business manager, and facilities management coordinator.
Read about the Requirements for Diploma Pass
What is the Duration and Mode of Study?
Regenesys offers a higher certificate in business management in credit banking as an online programme. This programme offers flexibility and allows employed individuals to complete it conveniently.
The subjects taught under this programme cover a total of 125 credit hours. When students complete the online programme, they secure an NQF Level 5 qualification, which can lead to better job opportunities. The course is one year in duration and offers an interactive and personalised learning experience. While it is an online course, students can access multimedia resources that can aid learning.
What are the Career Opportunities After Completing the Higher Certificate in Banking?
Individuals can apply for entry-level jobs in the banking industry after completing a higher degree in banking. They can work as assistants and then move up the corporate ladder. Alternatively, students can learn practical skills on the job and then apply for an undergraduate degree.
If one is unsure and wondering what is a higher education in banking’s job scope, then this curated list will be helpful.
- Bank Teller: They handle customer transactions, including deposits and account-related enquiries.
- Customer Service Representative: They help customers with banking products and services and how they can help their financial needs.
- Sales Consultant: Help to promote banking products such as loans and investment opportunities.
- Administrative Supervisor: Supports the needs of the branch by scheduling appointments, handling paperwork, and providing assistance where needed.
- Branch Coordinator: Involved in the daily operations of a branch to ensure efficiency and customer satisfaction.
What are the Advantages of Pursuing a Higher Certificate in Banking?
While considering what is a higher certificate in banking if it is the right career path, students must understand the advantages that it offers. Completing this qualification allows students to get back on track with their educational goals.
Students who receive a higher certificate at the matric level can consider applying to university as it provides job and advanced education opportunities. Here are some advantages of completing a higher certificate in banking.
- Immediate employability: Prepares students for entry-level jobs in the banking sector.
- Foundation for further studies: This qualification makes it possible for students to apply for undergraduate programmes in banking or finance.
- Industry-relevant skills: The course subjects are designed to align with the current market needs and equip students to succeed in the real world.
- Flexible learning options: Students can choose to complete this programme offline at a university or campus or take online classes. This allows them to select the option that suits their needs.
Accreditation and Recognition
Now that we have covered what is a higher education in banking, students need to understand the need of a quality programme.
Students must research institutes before submitting their applications and paying tuition fees. It is important to choose an institute accredited by the Department of Higher Education and Training (DHET) and the Council on Higher Education (CHE).
Additionally, the programme should be recognised by the South African Qualifications Authority (SAQA). This ensures that it meets the high standard and leads to students receiving a quality education that will make them employable within the banking and financial services sector.
Conclusion
Students who receive higher education during their matric exams in South Africa have countless educational opportunities. One such option is a higher certificate in banking courses, which SAQA recognises. This course introduces students to a foundational understanding of banking functions, products, risk and credit management. After completing this programme, students can seek employment in entry-level positions.
The School of Finance at Regenesys offers a SAQA-recognised Higher Certificate in Business Management in Credit Banking.
What is a Higher Certificate in Banking – FAQs
What can I do with a higher degree in banking?
A higher certificate in banking allows individuals to apply to entry-level jobs within he banking sector. Additionally, they can also use the NQF Level 5 qualification achieved to apply for select undergraduate programmes.
What is a Higher Certificate in Banking?
A Higher Certificate in Banking is a foundational qualification that provides students with essential knowledge about banking operations, products, and services.
What are the entry requirements for the program?
To qualify, students must pass their matric with a higher certificate pass, which generally requires a minimum of 40% in their home language, two high-credit subjects, and at least 30% in three other subjects.
How long does the program take to complete?
The Higher Certificate in Banking typically takes one year to complete, depending on the institution and mode of study.
What accreditation should I look for in a program?
Choosing a program accredited by DHET and CHE and recognised by SAQA is essential.
What skills will I gain from this program?
Students will develop foundational financial knowledge, customer service skills, risk assessment capabilities, and an understanding of ethical practices in banking.
