Finance, Personal Financial Planning Concentration, B.S.B.A.

Print Degree Planner (opens a new window) |

Personal financial planning is the process of managing financial resources to achieve individual goals. It is a six-step process-determine current financial conditions, develop financial goals, identify alternative courses of action, evaluate alternatives, create and implement a financial plan, and evaluate and revise the plan. The basic elements of personal financial plan include cash flow/budgeting analysis, insurance needs, employee benefits, education funding requirements, investment decision, analysis of debt, portfolio analysis, retirement planning, forecasting retirement benefits and costs, income tax planning, and estate planning.

Credit Requirements*

General Education: 46 credits
Business Core: 38-41 credits
Major Requirements: 21 credits
Free Electives: 12-15 credits
Total Credits to Graduate: 120 credits

* All undergraduate degree programs require a minimum of 120 credits. Some courses meet multiple requirements, but are only counted once toward the 120 credit total required to graduate.

B.S.B.A. Core Requirements

All B.S.B.A. majors in the John L. Grove College of Business should satisfactorily complete the 100-/200-level business core courses during their freshman and sophomore years and the 300-400-level business core courses during their junior and senior years, as listed below.

Required Courses in Related Fields

MATH 140 - College Algebra Credits: 3

Required Courses in the John L. Grove College of Business

BUSN 101 - Foundations of Business Administration Credits: 2
ITAN 142 - Business Computer Systems Credits: 3
SCMG 200 - Statistical Applications in Business Credits: 3
Digital Marketing & Analytics concentration must earn a C or better in this course.
ACCT 200 - Fundamentals of Financial Accounting Credits: 3
Accounting majors must earn a C or better in this course.
ACCT 201 - Managerial Accounting Credits: 3
Accounting majors must earn a C or better in this course.
MKTG 205 - Principles of Marketing Credits: 3
Marketing Management and Digital Marketing & Analytics concentrations must earn a C or better in this course.
BLAW 261 - American Legal Environment Credits: 3
ECON 280 - Managerial Economics Credits: 3
MGMT 305 - Organizational Behavior Credits: 3
FINA 311 - Financial Management Credits: 3
SCMG 330 - Supply Chain and Operations Management Credits: 3
MGMT 447 - Business and Society Credits: 3
MGMT 497 - Strategic Management Credits: 3

Note:

Students who place at the advanced level in the mathematics placement/competency test are not required to take MATH 140 . In lieu of MATH 140 , students are required to take an additional free elective.
Completion of ECON 101 and ECON 102 will satisfy the requirement for ECON 113 .

Major Course Requirements

Students should meet with their faculty advisor to plan the sequencing of their major program of study. Students interested in a double major and/or minor shall be required to take the prescribed courses in each respective major and/or minor. Students can double count one course between business majors with the permission of the respective department chair(s). Refer to the index under Double Majors and Minors for further information.

Personal Financial Planning Concentration

Required (21 crs.)

General Education

General Education Requirements

General Education Program (45 crs.)

General Education Requirements Specific for this major

Quantitative (Q) MATH 181
Critical Reasoning (R) ECON 113

Personal Financial Planning Career Opportunities

The field of financial planning is experiencing substantial growth. The public’s need for professional financial advice has been increasing drastically due to the changes in demographics and financial regulation. U.S.News and World Report lists personal financial planning as one of the 20 hot jobs for the 21st century. With a specialty in personal financial planning, you can choose a career within a full array of jobs. Typically, you can be a self-employed financial advisor or work for depository and non-depository financial institutions such as banks, saving institutions, credit unions, brokerage firms, investment companies, and insurance agencies. Alternative options include accounting firms, law offices, and human resource and employee benefit departments, among others. Current salaries are highly competitive and the current average income for experienced financial planners depends upon the specific career option selected and the geographic region.

Advising Notes:

Semester I: BUSN 101, MATH 140, ITAN 142
Semester II: MATH 181, ECON 113
Semester III: ACCT 200, BLAW 261, SCMG 200
Semester IV: ACCT 201, ECON 280, MKTG 205
MATH 140 is recommended before taking ECON 113.
MATH 140 and ITAN 142 are prerequisites for SCMG 200.
All B.S.B.A. majors in the John L. Grove College of Business should satisfactorily complete the 100-/200-level business core courses during their freshman and sophomore years and the 300-400-level business core courses during their junior and senior years.