Financial Services

AAS Degree – Code #0641

Dr. Ron Rhoades, Program Coordinator

Email address: rhoadera@alfredstate.edu

The financial services program is designed to provide students with an overview of the various financial institutions and their importance in the economy and to provide a description of the products and services offered by financial institutions. With this degree, students may enter directly into the work force or continue their education in a four-year baccalaureate program. Generally, graduates begin their careers in entry-level positions such as tellers and salespersons with career ladders reaching toward loan officers, researchers, stock brokers, financial planners, and insurance agents. This program provides introductory courses in the basic fields of financial services; helps the student appreciate the broad business principles necessary for successful management of a financial institution; prepares the student to recognize the ethical considerations that are important in the financial advisory process; enables the student to understand the role that financial institutions play in the economy; and keeps the student informed on changes in legislation and technology and how these will affect the future of the financial services industry.

A laptop computer is recommended, but not required, for students entering the financial services program. The college will provide a list of appropriate laptops to all students who have been accepted to attend Alfred State.

PROGRAM STUDENT LEARNING OUTCOMES

Apply effective communication skills in writing, reading, presenting and listening in writing business and other documents.

Use decision-making skills, prioritize, analyze and make recommendations using critical thinking.

Draw specific conclusions about a business from its financial records, including conducting risk assessment.

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

Participate in team situations by successfully and effectively communicating, participating, focusing, and completing the assigned task.

Distinguish between the different aspects of the marketing mix and discuss how to manage each one.

Relate to different business situations through general business knowledge gained, such as organization types, laws and applications, supply/demand, global issues, ethics, and leadership.

Defend final projects through research analysis, conclusions, and recommendations, along with an oral presentation of this information.

Apply appropriate job search skills such a resume writing, job interviewing, and writing cover letters and thank you letters.

DIRECT ENTRY INTO BACCALAUREATE DEGREE PROGRAM

Alfred State financial services graduates may enter directly into either the Business Administration BBA, Financial Planning BBA or Technology Management BBA degree programs at Alfred State.

TRANSFER OPPORTUNITIES

Students may transfer directly into one of our own BBA degree programs or to another college. Although not limited to these schools, common transfer institutions include: Alfred University, St. Bonaventure University, Rochester Institute of Technology, St. John Fisher College, SUNY at Albany, University at Buffalo, SUNY College at Brockport, SUNY College at Fredonia, SUNY College at Geneseo, SUNY College at Oneonta, SUNY College at Oswego, SUNY at Binghamton, Canisius College, Niagara University, and Hilbert College.

OCCUPATIONAL OPPORTUNITIES

Commercial banks

Thrift institutions

Credit unions

Mutual funds

Insurance companies

Pension funds

Financial planning firms

EMPLOYMENT STATISTICS

Employment and transfer rate of 100 percent – 100 percent transferred to continue their education.

RELATED PROGRAMS

Accounting

Business Administration (Transfer)

Business Administration

Business Management (Career)

Marketing

Financial Planning

Technology Management

ENTRANCE REQUIREMENTS/RECOMMENDATIONS

Required: Algebra, Geometry

Recommended: Algebra 2/Trigonometry

Financial Services - AAS Degree

TYPICAL FOUR-SEMESTER PROGRAM

First

ACCT

1124

Financial Accounting

4

COMP

1503

Freshman Composition

3

CISY

xxx3

Intro to Computers/Info Mgt. Elective

3

MATH

xxx3

Math Elective

3

MKTG

2073

Principles of Marketing

3

HPED

xxx1

Physical Education Elective

1

17

Second

ACCT

2224

Managerial Accounting

4

BUAD

2033

Bus Communications

3

LITR

xxx3

Literature Elective

3

MATH

xxx3

Math Elective

3

xxx3

General Education Elective

3

16

Third

BUAD

3153

Fundamentals of Management

3

BUAD

3043

Business Law I

3

BUAD

4133

Investments

3

BUAD

4203

Intro. to Personal Financial Planning

3

ECON

1013

Macroeconomics

3

15

Fourth

BUAD

4053

Business Law II

3

BUAD

4193

Insurance and Risk Management

3

MKTG

1063

Principles of Sales

3

ECON

2023

Microeconomics

3

xxx3

Business or Computer Elective

3

15

GRADUATION REQUIREMENTS

63 semester hours with a 2.0 cumulative index.