SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Bachelor of Commerce in Banking and Financial Services 
SAQA QUAL ID QUALIFICATION TITLE
121948  Bachelor of Commerce in Banking and Financial Services 
ORIGINATOR
Regenesys Management (Pty) Ltd 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
National First Degree  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  360  Not Applicable  NQF Level 07  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Registered  EXCO 0721/24  2024-01-30  2027-01-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2028-01-30   2033-01-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This qualification replaces: 
Qual ID Qualification Title Pre-2009 NQF Level NQF Level Min Credits Replacement Status
96456  Bachelor of Business Administration in Banking  Not Applicable  NQF Level 07  360  Complete 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
Purpose:
The purpose of the Bachelor of Commerce in Banking and Financial Services qualification is to develop employable individuals with a sound understanding of how banking and/or financial services sector organisations function. The qualification develops learners by equipping them with the relevant skills, knowledge, and self-awareness to work effectively across the various functional areas in banking and/or financial services sector organisations. The intended outcome of this qualification is the development of bank and/or financial services sector managers to be equipped with the relevant management skills to perform their roles and responsibilities more effectively.

Rationale:
The Bachelor of Commerce in Banking and Financial Services qualification has been developed to equip learners with relevant knowledge and skills required and necessary in the banking and/or financial services sector. Learners will be eligible for employment within the banking sector and/or financial services sector organisations and institutions on the completion of this qualification. The qualification also signifies self-awareness for a learner concerning operational requirements and conduct to work effectively across various areas within the organisation. Learners are also taught about important aspects of leadership which include strategy, change, and management of relations between organisational functions and how banks and/or credit providers address needs and are affected by the economy. This qualification is also suitable for individuals already employed in the banking and/or financial services industry who need to broaden their understanding of relevant administration and management practices. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Recognition of Prior Learning (RPL):
Applicants wishing to be admitted to the Bachelor of Commerce in Banking and Financial Services qualification through RPL must submit a portfolio of evidence which comprises inter-alia, work-related experience and training, testimonials mentioning functions performed, work records, videos of practice and performance records, etc. All such evidence would be considered and evaluated according to the institution's RPL Policy.

Entry Requirements:
  • National Senior Certificate, NQF Level 4, granting access to Bachelor's degree studies.
    Or
  • National Certificate (Vocational), NQF Level 4, granting access to Bachelor's degree studies.
    Or
  • Senior Certificate with endorsement, NQF Level 4. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification consists of compulsory modules at NQF Levels 5, 6 and 7 including elective modules at NQF Level 7 totalling 360 Credits.
    Compulsory Modules, NQF Level 5, 120 Credits:
  • Banking I, 20 Credits.
  • Economics I, 20 Credits.
  • Marketing I, 20 Credits.
  • Financial Management I, 20 Credits.
  • Credit Management I, 20 Credits.
  • Information and Communication Technology 20 Credits.

    Compulsory Modules, NQF Level 6, 120 Credits:
  • Banking II, 20 Credits.
  • Introduction to Strategic Management, 20 Credits.
  • Marketing, 20 Credits.
  • Financial Management II, 20 Credits.
  • Credit Management II, 20 Credits.
  • People Management II, 20 Credits.

    Compulsory Modules, NQF Level 7, 80 Credits:
  • Banking III, 40 Credits.
  • Credit Management III, 40 Credits.

    Elective Modules, NQF Level 7, 40 Credits (select one):
  • Strategic and Change Management III, 40 Credits.
  • Marketing III, 40 Credits.
  • Financial Management III, 40 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    1. Develop a strategic plan for a banking and/or financial services organisation
    2.Apply strategic human resource management models to the banking and/or financial services environment.
    3. Develop a marketing strategy for a banking and/or financial services organisation.
    4. Assess the implementation of credit policy in the banking and/or financial services organisation.
    5. Analyse a bank and/or financial services financial performance and develop strategies for improvement of profitability.
    6. Demonstrate an understanding of the management of the operations of a bank and/or financial services.
    7. Assess the impact of macro-economic variables on the functioning of a financial services organisation.
    9. Explain the role of Information and Communications Technology (ICT) in the functions of a bank and/or financial services organisation. 

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Understand strategic management and planning terminology and concepts and their relevance to the banking and financial services sector.
  • Examine organisational vision, mission, and value statements and their impact on individuals and teams in the banking and financial services organisations.
  • Review different processes to identify strategic issues.
  • Outline the process of developing strategic objectives.
  • Identify components of a strategic plan.
  • Understand relevance of a strategic plan to the banking and financial services industry.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Integrate human resource management terminology, concepts and definitions in the banking and financial services sector.
  • Illustrate the use of different strategic human resource planning models in managing employees effectively.
  • Explain the importance and impact of relevant legislation pertaining to human resource management.
  • Assess Group dynamics are understood and the leadership requirements of organisations in the banking and financial services sector are.
  • Analyse the performance management system of a specific organisation within the banking and financial services sector.
  • Explain value added by skills development interventions to the achievement of an organisation's strategy.
  • Apply Principles of transformation to team management.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Analyse relevance and applicability of marketing terminology, concepts and principles in a financial services context.
  • Develop marketing and sales strategy for the banking sector.
  • Conduct customer needs analysis to inform the product development strategies of a bank.
  • Analyse product expansion possibilities within a banking organisation.
  • Research possible distribution alternatives and its effect on the price of banking products.
  • Apply product pricing principles to banking products.
  • Evaluate effectiveness of a product promotion strategy.
  • Research and recommend contingency plan to address potential product failure factors in the banking sector.

    Associated Assessment Criteria for Exit Level Outcome 4:
  • Apply principles of credit operations in the financial services.
  • Interrogate and apply principles of ethics and corporate governance in the banking and financial services sector.
  • Analyse concept of credit extension and recovery.
  • Critically discuses aspects of the collections process.
  • Evaluate management information system used for collection purposes.
  • Critically discuss function of the credit bureau.

    Associated Assessment Criteria for Exit Level Outcome 5:
  • Assess significance and application of working capital management in the banking and financial services sector.
  • Develop strategies to manage current assets and liabilities.
  • Explain mergers, divestitures and business failure within the banking and financial services context.
  • Understand international managerial finance and its relevance to the banking and financial services sector.
  • Distinguish different forms of financing banking institution.
  • Describe elements of foreign trade within the banking sector.
  • Apply cost-volume-profit analysis to a bank.
  • Determine viability of a banking business using ratio analysis.

    Associated assessment criteria for Exit Level Outcome 6:
  • Explain foreign trade as it applies to the banking sector.
  • Explain international law as it applies to banking.
  • Understand workings of financial markets and their impact on the banking sector.
  • Discuss asset management within the banking environment.
  • Offer financial plans and compile financial advice.
  • Prepare legally compliant documents.
  • Understand impact of international financial markets on the banking sector.

    Associated Assessment Criteria for Exit Level Outcome 7:
  • Analyse relationships between demand, supply and market equilibrium.
  • Show relationship between production and cost.
  • List advantages and disadvantages of competition.
  • Analyse concepts of the labour market.
  • Illustrate understanding of macroeconomics.
  • Distinguish fiscal and monetary policy.
  • Explain Key macroeconomic terms and indicators such as economic growth and GDP, inflation and CPI.
  • Describe the context and nature of the South African economy.
  • Evaluate economic growth and development in South Africa.

    Associated assessment criteria for Exit Level Outcome 8:
  • Explain information and Communication Technology (ICT) concepts, terminology and definitions.
  • Understand the role and importance of information and communication technology in Banking and financial services.
  • Describe international trends in using ICT to improve the management of banks.
  • Identify key challenges of integrating ICT with banking business processes and management systems.
  • Explain potential use of ICT in improving CRM in a bank.
  • Understand concept of Business Intelligence (BI) with respect to banks.

    Associated Assessment Criteria for Exit Level Outcome 9:
  • Analyse strategic planning process and models in the banking and financial services sector.
  • Assess impact of banking sector trends on the development of a business strategy.
  • Justify different levels at which strategic management or planning can be implemented in the banking and financial services sector.
  • Develop stakeholder prioritisation matrix for the banking and financial services sector.
  • Analyse impact of strategic management/planning on an organisation in the banking sector.

    Integrated Assessment:
    The objective of integrated assessment in the Bachelor of Commerce in Banking and Financial Services qualification is to assess whether the learners have acquired the necessary general management skills to effectively manage a Bank.

    Assignments in the form of case studies and organisation-specific projects, where the different module outcomes are assessed in an integrated manner will be used. The purpose of the assessment is to measure applied competence. In other words, it assesses whether learners can integrate the ability to perform important bank managerial functions competently (practical competence), understand the theoretical basis for these actions (foundational competence), and reflect on and make changes to bank managerial practices (reflexive competence).

    Formative Assessment:
    Learners are required to submit one assignment per module. Assignments could include a variety of methods such as a case study, project and essays. Learners need to obtain an average of 40%. Learners are also expected to write an examination per module.

    Summative Assessment:
    The summative assessment is conducted internally by the provider and used to assess the overall achievement of the exit-level outcomes by the learners. Internal and external moderation form part of summative assessment. 
    		•

    INTERNATIONAL COMPARABILITY 
    Country: United States of America (USA)
    Institution: The University of Michigan Ross School of Business
    Qualification title: Bachelor of Business Administration in Banking.

    Purpose/rational
    This qualification is suitable for learners who want to pursue a career in commercial or investment banking or for learners in other financial functions where banks are the primary provider of financial services. This qualification also allows learners to gain a deep understanding of banking business concepts, which include leadership, learners, are also offered an option to complete an internship that will also serve as training as they pursue this qualification.

    Qualification structure
    Modules
  • Financial Management, comperes with Financial Management.
  • Accounting.
  • Economics.
  • Information Technology, comperes with Information and Communication Technology.
  • Decision Making and Analysis.
  • Marketing.
  • Communications.
  • Business Administration.
  • Commercial or Business Law.
  • Statistics.
  • Business Ethics.

    Country: Australia
    Institution: Monash University
    Qualification title: Bachelor of Business (Banking and Finance) Degree.
    Duration: four years fulltime.

    Entry requirements
  • All Monash undergraduate courses require you to have successfully completed a minimum of an Australian Year 12 qualification (or equivalent) and achieve the required academic entry score.

    Purpose/rationale
    This qualification focuses on providing skills to manage money in institutional settings such as banks. Learners are taught about key banking and finance concepts and how to assess the financial needs of companies and individuals and match them to suitable financial products.

    Qualification structure
    Modules
  • Business Law.
  • Business Statistics.
  • Accounting.
  • Marketing.
  • Economics.

    Learners are also offered hands-on application of financial decision-making in areas such as market operation, equity markets, financial and portfolio management, and bond markets.

    Conclusion:
  • This qualification compares favourably with both the Bachelor of Business Administration in Banking offered by the Michigan Ross School of Business and Bachelor of Business (Banking and Finance) offered by the MONASH University.
  • Both qualifications focus on the essential and necessary skills needed by learners who want to pursue a career in banking. Core modules such as Finance, Marketing, Information Technology and Communication are included as of the vital importance in the curriculum.
  • Both qualifications also cover broad managerial matters such as leadership, strategy, decision making and analysis necessary for the day-to-day effective functioning of the banking industry. 
    		•

    ARTICULATION OPTIONS 
    This qualification enables possibilities of both horizontal and vertical articulation.
    Horizontal:
  • Bachelor of Business Administration in Retail (BBA: Banking), NQF Level 7.

    Vertical:
  • Bachelor of Commerce (Honours) in Treasury Management, NQF Level 8.
  • Postgraduate Diploma in Business Management, NQF Level 8. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    NOTES 
    N/A 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
    When qualifications are replaced, some (but not all) of their learning programmes are moved to the replacement qualifications. If a learning programme appears to be missing from here, please check the replaced qualification.
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Regenesys Management (Pty) Ltd 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.