Ebonyi State University which started in Abakaliki as a campus of Enugu State University of Science and Technology did not have the department of Banking and Finance before 1999/2000 academic year. The faculty of management and social sciences was established in 1999/2000 with the department of Banking and Finance and five others as constituent academic units. The founding Head of Department and other lecturers were appointed and a committee was set up for the development of the programme which was built up guided by the NUC Approved Minimum Academic Standards document and programmes of older universities.
The department academic programme is developed on the fundamental assumption that the individual is living in a modern dynamic and monetized economy, which poses challenges and uncertainties in decision-making. Hence the program is designed inculcate in the individual the ability to identify, analyze and offer solutions to a complex financial environment. The programme also aims at cultivating in the individual the basic work ethics that are required in a production - oriented economy which will result in self-reliance, sound moral discipline and individual self actualization.
Education in Banking and Finance aims at developing the necessary financial tools that will enable the individual occupy managerial positions in Government and private sector establishments as well as provide room for self employment. Commercial banks, Insurance Companies, Finance and Investment Companies, Brokerage Firms, Commerce and Industry are relevant areas they can fit in successfully. Moreso, student of Banking and Finance will be taught courses in portfolio behaviour of banks and non-banking financial institutions. They equally will be exposed to the techniques of share valuations of profit maximizing and non-profit making organizations. The curriculum will enable the students to appreciate the significance of capital expenditure decisions which are necessary for sustainable economic growth. Emphasis is equally placed on thrift management through courses in personal financial management. At the completion of four years of rigorous academic work, the students of Banking and Finance must have acquired the necessary knowledge to cope with the challenges of our outer society.
In addition to the University general admission requirements, candidates are required to posses the Senior Secondary School Certificate or the General Certificate of Education ordinary level, with Credit in five subjects including English Language, mathematics and Economics. Direct entry candidates should possess five credit passes in the GCE (or equivalent) examination at least two of which shall be at the Advanced Level passes in Economics, Government and Accounting provided that subjects are not counted at both levels of examination.
Credit passes at the ordinary level must include English Language and Mathematics, Candidates with the National Diploma obtained from accredited Polytechnics/Colleges of Education with passes at the Lower or Upper Credit level can be admitted by direct entry of which Economics must be one of the courses passed.
The candidate must also possess five credits passes including English Language, Mathematics and Economics at the Senior School Certificate or GCE Ordinary level.