Financial Planning

BBA Degree – Code #1938

Dr. Ron Rhoades, Program Coordinator

Email address: rhoadera@alfredstate.edu

The Business Department offers a BBA degree in financial planning. Students receiving their AAS or AS degree in virtually any business concentration will be able to seamlessly transfer into this program and receive the BBA degree in four more semesters, which includes a full semester internship in the field.

Personal financial services is one of the most lucrative and rapidly expanding professions in existence. By combining expertise in estate planning, investment planning, risk management, insurance evaluation, tax planning, retirement planning, and employee benefits planning, the CERTIFIED FINANCIAL PLANNER™ professional offers one-stop comprehensive expert advice and planning which would have formerly required a prospective client to seek advice from a variety of different professionals. Students completing this four-year degree will be eligible to sit for the the CERTIFIED FINANCIAL PLANNER™ examination, a rigorous exam that is one important step in becoming a CFP practitioner. While there are numerous job opportunities for employment in various types of financial institutions--banks, investment firms, and the insurance industry--perhaps the greatest earnings potential lies in becoming a self-employed CFP practitioner.

This is an extremely rewarding profession. Not only is there tremendous earning potential, but it is also a very satisfying way to make a living by helping people bring order to their lives and teaching them how to acquire and retain wealth. Aside from the monetary rewards (including starting and ending salaries well above the average for college graduates), financial planners enjoy a host of personal rewards from assisting their fellow Americans to save, invest, and plan for their financial futures. No wonder that the career of personal financial planning has consistently ranked as one of the "happiest" of careers.

A laptop computer is required for students entering this degree program. Laptop specifications are available at www.alfredstate.edu/required-laptops.

This program is registered with the Certified Financial Planner Board of Standards, Inc.

Certified Financial Planner Board of Standards, Inc. owns the trademarks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame design) certification marks in the U.S., which it awards to individual who successfully complete CFP Board’s initial and ongoing certification requirements.

Alfred State does not certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame design) certification marks. CFP® certification is granted solely by Certified Financial Planner Board of Standards, Inc. to individuals who, in addition to completing an educational requirement such as this CFP Board-Registered Program, have met ethics, experience, and examination requirements.

PROGRAM STUDENT LEARNING OUTCOMES

Integrate and synthesize the knowledge identified by the CFP® Board's required topic list and gained from core courses, into decision making, critical thinking, and problem solving skills.

Design and communicate a comprehensive financial plan as defined by the CFP® Board of Standards.

Develop practice management techniques, interpersonal consulting, and client communication skills.

Employ ethical standards when dealing with clients as per the CFP® Board of Standards.

Develop a sense of mission regarding service to clients and community.

Communicate effectively, both orally and in writing.

Use technological resources effectively and appropriately to communicate, collaborate, and retrieve information.

Research and prepare business-related documents and presentations that are well organized and including supporting materials in an appropriate format.

OCCUPATIONAL OPPORTUNITIES

Banking

Insurance

Investment firms

Financial planning firms

Attorneys' offices

Self-employment

Employee benefits specialists

Accounting firms

Wealth management firms

Broker-dealer (securities) firms

EMPLOYMENT STATISTICS

Employment and transfer rate of 100 percent – 100 percent are employed in the field.

RELATED PROGRAMS

Financial Services

Accounting

Marketing

Business Management (Career)

Business Administration (Transfer)

Entrepreneurship

ENTRANCE REQUIREMENTS/RECOMMENDATIONS

Financial Planning - BBA Degree

TYPICAL EIGHT-SEMESTER PROGRAM

First

ACCT

1124

Financial Accounting

4

CISY

1103

Information Technology Mgt.

3

MKTG

2073

Principles of Marketing

3

MATH

1123

Statistics I or Statistical Methods

3

COMP

1503

Freshman Composition

3

HPED

xxx1

Physical Education Elective

1

17

Second

ACCT

2224

Managerial Accounting

4

BUAD

2033

Business Communications

3

CISY

3023

Adv. Micro Spreadsheets

3

xxx3

Humanities Gen. Ed. Elective

3

SPCH

1083

Effective Speaking

3

MATH

1033

College Algebra

3

19

Third

BUAD

3153

Fund. of Management

3

BUAD

3043

Business Law I

3

BUAD

4203

Intro. to Personal Financial Planning

3

ECON

1013

Macroeconomics

3

BUAD

4133

Investments

3

ACCT

3453

Tax Accounting I

3

18

Fourth

MKTG

1063

Principles of Sales

3

ECON

2023

Microeconomics

3

BUAD

4193

Insurance & Risk Management

3

xxx3

General Education Elective

3

xxx3

General Education Elective

3

xxx3

Business Elective

3

18

Fifth

BUAD

5003

Management Communications

3

BUAD

5023

Human Resource Management

3

FSMA

7023

Estate Planning

3

xxx3

General Education Elective

3

COMP

5703

Technical Writing II

3

TMGT

5001

Business Seminar

1

16

Sixth

FSMA

6003

Employee Benefit Planning

3

BUAD

xxx3

Management Elective-Upper

3

xxx3

General Education Elective

3

xxx3

General Education Elective

3

BUAD

5033

Retirement Planning

3

15

Seventh

FSMA

7123

Personal Fin. Planning Capstone

3

FSMA

5003

Investment Planning

3

FSMA

5103

Tax Planning

3

FSMA

7103

Money and Banking

3

xxx3

Business Elective

3

BUAD

xxx3

Management Elective Upper Level

3

18

Eighth

FSMA

8112

Internship

12

GRADUATION REQUIREMENTS

133 credit hours, including one credit hour of physical education

30 credit hours of the 45 upper-level credit hours for this degree must be taken at Alfred State

cumulative overall index of at least 2.0