Financial Planning (BBA)

Application Code: 
1938
Degree Received: 
Bachelor of Business Administration (BBA)
Academic Department Info: 
Program Coordinator: 
Ron Rhoades
Coordinator Email: 
rhoadera@alfredstate.edu
Description: 

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 CERTIFIED FINANCIAL PLANNER™ examination, a rigorous multi-part 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 such as 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 by 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 the financial planning program. See laptop specifications.

CFP® (with flame design) certification markThis 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.

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.
Entrance Requirements & Recommendations: 

Required: Algebra, Geometry, Algebra 2/Trigonometry, SAT and/or ACT scores with a recommended combined SAT score of 1,000 (critical reading and math) or a composite ACT score of 21

Features & Facilities: 
  • Designed for students interested in acquiring knowledge, skills, and insight to become personal financial planners or other financial planning professionals
  • State-of-the-art classroom and computer facilities featuring a wireless environment. Faculty include an attorney, a certified public accountant (CPA), and a CFP® professional.
  • There is a full-semester internship in the final semester of this four-year program.
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
Career Opportunities: 
  • Banking
  • Insurance
  • Investment Firms
  • Financial Planning Firms
  • Attorney's Offices
  • Self-Employment
  • Employee Benefits Specialists
  • Accounting Firms
  • Wealth Management Firms
  • Broker-dealer (Securities) firms
Typical Semester Layout: 

Most students are in a classroom setting 15-18 hours a week for formal instruction. Most courses required of this major are three credit hours, which equates to three-four hours per week in a classroom/lab and six-eight hours a week of outside reading and project assignments. Students are assigned a faculty adviser who works individually with him/her to set up schedules and choose appropriate electives.

First Semestercredits
ACCT1124Financial Accounting4
CISY1103Information Technology Mgmt.3
MKTG2073Principles of Marketing3
MATH1123Statistics I3
COMP1503Freshman Composition3
HPEDxxx1Physical Education Elective1
   17
Second Semestercredits
ACCT2224Managerial Accounting4
BUAD2033Business Communications3
CISY3023Adv Micro Spreadsheets3
 xxx3Humanities Gen Ed Elective3
SPCH1083Effective Speaking3
 xxx3Natural Science Elective3
   19
Third Semestercredits
BUAD3153Fund of Management3
BUAD3043Business Law I3
BUAD4203Intro to Personal Financial Planning3
ECON1013Macroeconomics3
BUAD4133Investments3
ACCT3453Tax Accounting I3
   18
Fourth Semestercredits
MKTG1063Salesmanship3
ECON2023Microeconomics3
BUAD4193Insurance & Risk Management3
 xxx3Western Civ Elective3
 xxx3Other World Civ Elective3
BUADxxx3Business Elective3
   18
Fifth Semestercredits
BUAD5003Management Communications3
BUAD5023Human Resource Management3
FSMA7023Estate Planning3
 xxx3Foreign Language Elective3
COMP5703Technical Writing II3
TMGT5001Business Seminar1
   16
Sixth Semestercredits
FSMA6003Employee Benefit Planning3
BUADxxx3Management Elective-upper3
 xxx3Fine Arts Elective3
 xxx3American History Elective3
BUAD5033Retirement Planning3
   15
Seventh Semestercredits
FSMA7123Personal Fin. Planning Capstone3
FSMA5003Investment Planning3
FSMA5103Tax Planning3
FSMA7103Money and Banking3
BUAD xxx3Business Elective3
BUADxxx3Management Elective Upper Level3
   18
Eighth Semestercredits
FSMA8112Internship12
Employment and Transfer Rate: 
100%
Employment and Transfer Survey Details: 
Survey Details201020112012
Receiving Degrees1086
Responding to Survey5 (50%)5 (63%)6 (100%)
Employed5 (100%)5 (100%)5 (83%)
Employed in Field5 (100%)5 (100%)5 (100%)
Transferred----1 (17%)
Unemployed & Seeking Employment------
Unemployed & Not Seeking Employment------
Employment and Transfer Salary Information: 

$30,000 - $39,999 (1)
$40,000 - $49,000 (1)
$60,000 - $69,999 (1)
Prefer not to disclose (2)