Banking and Finance is a course choice for students aiming to work in financial institutions, investment firms, or even start their own businesses. It’s a course that opens doors in banking, fintech, corporate finance, accounting, and insurance sectors, and to kickstart your journey, your first goal is to understand the JAMB cut-off mark and what schools expect from applicants.
What Is the JAMB Benchmark for Banking and Finance in 2026?
The Joint Admissions and Matriculation Board (JAMB) has set 140 as the minimum score for Banking and Finance in 2026 for universities. However, many institutions require a higher score based on competition and available space which typically work as follows:
- Federal universities: 200 and above
- State universities: 180 to 200
- Private universities: 160 and above
- Polytechnics: Usually accept 120 and above
To stand out and increase your admission chances, target 200 or more, especially if you’re aiming for top universities.
General Admission Requirements for Banking and Finance
Before you’re considered for admission, you’ll need the right academic qualifications. Below are the key requirements:
- O’Level Requirements: Five credit passes including English Language, Mathematics, Economics, and any two of Accounting, Commerce, Government, or Business Methods.
- UTME Subject Combination:
- Use of English (compulsory)
- Mathematics
- Economics
- One other relevant subject like Commerce or Government
- Post-UTME or Screening: Most schools conduct their own internal assessments after JAMB
Make sure your WAEC, NECO, or NABTEB results include the right subjects and meet credit-level grades.
Universities in Nigeria That Offer Banking and Finance
A wide range of Nigerian universities offer Banking and Finance. Below are some popular choices among applicants:
- University of Lagos (UNILAG)
- Obafemi Awolowo University (OAU)
- University of Benin (UNIBEN)
- University of Nigeria, Nsukka (UNN)
- Ahmadu Bello University (ABU), Zaria
- Nnamdi Azikiwe University (UNIZIK)
- University of Ilorin (UNILORIN)
- Covenant University
- Babcock University
- Lagos State University (LASU)
These institutions often have different departmental cut-off marks. Always confirm with the school’s official portal.
Polytechnics That Offer Banking and Finance or Related Courses
If you’re planning to study Banking and Finance at a polytechnic, here are some schools that offer it directly or offer closely related programs like Business Administration or Accountancy:
- Yaba College of Technology (YABATECH)
- Federal Polytechnic, Ilaro
- Auchi Polytechnic
- Lagos State Polytechnic (LASPOTECH)
- Kaduna Polytechnic
- Federal Polytechnic, Nekede
- The Polytechnic, Ibadan
JAMB scores from 120 to 150 are usually accepted for these institutions, but having a higher score always gives you an advantage.
Frequently Asked Questions (FAQs)
Q: Can I study Banking and Finance with 170 in JAMB?
A: Yes, but mostly in private or some state universities.
Q: Which subject combination is required in JAMB for Banking and Finance?
A: English, Mathematics, Economics, and one of Accounting, Commerce, or Government.
Q: Is Commerce compulsory for Banking and Finance?
A: It’s not compulsory but often accepted as the fourth subject.
Q: Do universities accept NABTEB for Banking and Finance?
A: Yes, many universities accept NABTEB with the correct subjects.
Q: Can I combine WAEC and NECO results for admission?
A: Yes, most institutions accept two sittings.
Q: How many years does it take to study Banking and Finance?
A: It takes four years in a university and two years (ND) plus additional years (HND) in a polytechnic.
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