Alfred State College
SUNY College of Technology
Financial Planning
Application Code:
1938
Degree Received:
Bachelor of Business Administration (BBA)
Academic Department:
Business Department Description:
The Business Department is now offering 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 (CFP)® 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 multipart 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.
Projected annual new job openings for individuals with a Financial Planning degree are estimated to be around 32,000 through the year 2006 in New York State alone. Much of the growth is attributable to the maturation of the "baby boom", most of which is entering its peak earning years and, for the most part, is unprepared to effectively manage its wealth. Whether in a big city or a small town, demand for financial planning professionals is everywhere.
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 because you are helping people bring order to their lives by teaching them how to acquire, and retain, wealth.
A laptop computer is required for students entering the financial planning program. See laptop specifications.
This program is registered with the CFP® Board of Standards.
Entrance Requirements & Recommendations:
Required: math A & B (algebra, geometry and trigonometry), SAT and/or ACT scores with a recommended combined SAT score of 1000 (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 certifed financial planner (CFP)
- There is a full-semester internship in the final semester of this four-year program
Career Opportunities:
- Banking
- Insurance
- Investment Firms
- Financial Planning Firms
- Attorney's Offices
- Self-Employment
- Employee Benefits Specialists
- Accounting 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 Semester | credits | ||
|---|---|---|---|
| ACCT | 1124 | Financial Accounting | 4 |
| CISY | 1103 | Information Technology Mgmt. |
3 |
| MKTG | 2073 | Principles of Marketing | 3 |
| MATH | 1123 | Statistics I | 3 |
| COMP | 1503 | Freshman Composition | 3 |
| 16 | |||
| Second Semester | credits | ||
|---|---|---|---|
| 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 |
| xxx3 |
Natural Science Elective | 3 | |
| 19 | |||
| Third Semester | credits | ||
|---|---|---|---|
| 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 Semester | credits | ||
|---|---|---|---|
| MKTG | 1063 | Salesmanship | 3 |
| ECON | 2023 | Microeconomics | 3 |
| BUAD | 4193 | Insurance & Risk Management | 3 |
| xxx3 |
Western Civ Elective | 3 | |
| xxx3 |
Other World Civ Elective | 3 | |
| BUAD | xxx3 |
Business Elective | 3 |
| 18 | |||
| Fifth Semester | credits | ||
|---|---|---|---|
| BUAD | 5003 | Management Communications | 3 |
| BUAD | 5023 | Human Resource Management | 3 |
| FSMA | 7023 | Estate Planning | 3 |
| xxx3 |
Foreign Language Elective | 3 | |
| COMP | 5703 |
Technical Writing II |
3 |
| TMGT |
5001 |
Business Seminar |
1 |
| 16 | |||
| Sixth Semester | credits | ||
|---|---|---|---|
| FSMA | 6003 | Employee Benefit Planning | 3 |
| BUAD | xxx3 |
Management Elective-upper | 3 |
| xxx3 |
Fine Arts Elective | 3 | |
| xxx3 |
American History Elective | 3 | |
| BUAD | 5033 | Retirement Planning | 3 |
| 15 | |||
| Seventh Semester | credits | ||
|---|---|---|---|
| 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 | |||
| Eigth Semester | credits | ||
|---|---|---|---|
| FSMA | 8112 | Internship | 12 |
Also required: One unit of physical education.
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Alfred State College, 10 Upper College Drive, Alfred, NY 14802 | 1-800-4-ALFRED (425-3733)
SUNY Strategic Planning
