An online financial planning degree prepares graduates to take up positions that help people and businesses map out their financial future. Financial planning is the process of determining how a business entity can afford to achieve its strategic goals and objectives. This is done using financial plans and tools as well as financial expertise. The work of a financial planner can be both personally and fiscally rewarding. Most employment openings in this sector require individuals to have excellent interpersonal skills, and an in-depth knowledge of investments, estate issues, and taxes. If you are interested in a career that involves the buying and selling of bonds, insurance policies, and stocks, or the giving of specific kinds of investment advice, various licenses would be needed dependent upon the products that are offered. State licensing regulations vary depending upon location, the latest information is available from the NASAA (North American Securities Administrator Association).
Financial Planning Education and Training
A financial planning advisor should hold at the minimum a bachelors degree, though the most rewarding positions are available to professionals who have also earned a master’s qualification in a related field. A focus on analytical, statistical, and math skills would usually be required in the financial planning degree .
Though not every employer would expect applicants to hold a dedicated degree, it is essential to at least have achieved a qualification in a related field that helps to prepare for the occupation. There are now various programs available in financial planning that can be taken up at community colleges, universities, and through the online medium. Courses may include:
- The Financial Planning Process
- Financial Statements and Cash Flow Management
- Investment and Mutual Funds
- Equities and Debt Management
- Tax Planning
- Retirement Planning
- Insurance Planning
- Estate Planning
The financial planning degree course would not only impart information relating to the use of investment vehicles, it should also prepare students with skills that allow them to be understood by a range of personal and corporate clients. Understand the different type of investors, and knowing how to tailor the advice that is given is essential. The use of easy to understand terminology to help present concepts is important.
Licenses and Certification
The Bureau of Labor Statistic (BLS) reports that brokers and investment bankers are required to register as representatives of their firm with the Financial Industry Regulatory Authority (FINRA). To obtain the license, those who wish to become agents must pass several exams. Various licenses are available for selling different investment products and services.
Although not always a requirement, certification is an added advantage for those seeking employment or career advancement. Brokers, investment bankers, and financial services sales agents may earn the Chartered Financial Analyst (CFA) certification through by the CFA Institute.
For Financial Examiner working for the Federal Deposit Insurance Corporation (FDIC), they must have at least six semester hours in accounting.
Financial Planning Careers
Upon the completion of the financial planning degree program, an individual would be well placed to take up a position in the insurance and finance industries such as securities and commodity brokers, insurance carriers, banks, and investment firms.
The number of openings for graduates from this type of degree course is expected to grow by thirty per cent in the period from 2008 to 2018. This is faster than in other sectors and is in part due to the increase in the number of retirees in the country. More people will be looking to their personal investments to help ensure financial security upon reaching retirement age.
Estimated Income and Projected Career Outlook
As of May 2008, there were more than two hundred thousand people employed as personal financial advisers in the US. There are currently opportunities available in all states, though the greatest demand is in Florida, California, and New York. Around a third of finance advisers were self employed, operating in small advisory firms. The Bureau of Labor Statistics (BLS) reports the following data for 2010:
The median annual wage of financial clerks was $33,710. The lowest 10% earned less than $22,920, and the top 10% earned more than $49,500. The employment of financial clerks is expected to grow by 11% from 2010 to 2010.
The median annual wage of securities, commodities, and financial services sales agents was $70,190. The lowest 10% earned less than $31,330, and the top 10% earned more than $166,400. The employment of securities, commodities, and financial services sales agents is expected to grow 15% from 2010 to 2020.
The median annual wage of financial examiners was $74,940. The lowest 10% earned less than $43,170, and the top 10% earned more than $134,820. The employment of financial examiners is projected to grow 27% from 2010 to 2020.
The median annual wage of financial analysts was $74,350. The lowest 10% earned less than $44,490, and the top 10% earned more than $141,700. The employment of financial analysts is expected to grow 23% from 2010 to 2020.
The median annual wage of financial managers was $103,910. The lowest 10% earned less than $56,120, and the top 10% earned more than $166,400. The employment among financial managers is expected to grow 9% from 2010 to 2020.
The median annual wage of personal financial advisors was $64,750. The lowest 10% earned less than $32,660, and the top 10% earned more than $166,400. Employment of personal financial advisors is projected to grow 32% from 2010 to 2020.
The median annual wage of budget analysts was $68,200. The lowest 10% earned less than $44,860, and the top 10% earned more than $101,660. The employment of budget analysts is expected to grow 10% from 2010 to 2020.
The competition for the best paid jobs for those with a financial planning degree will be intense, therefore holding a higher qualification would help to guarantee a rewarding career. The median salary as of May 2008 stood at $69,000, with the middle fifty per cent earning between $45,390 and $118,200. There is also the possibility of receiving large bonuses depending upon the type of employer. Advisers can receive desirable commission rates for the products they sell, on top of their fee.
Finance and Financial Planning Programs
- Degrees offered include Bachelor of Science in Accounting, Bachelor of Science in Business Administration, and Master of Business Administration.
- Students are instructed in relevant business skills like communication, mathematics, and management.
- Coursework emphasizes the development of project management, communication, decision-making, and problem-solving skills.
- Flexible, 100% online and campus based programs available.
- BS in Business Administration - Investment
- BS in Business Administration - Wealth Management
- BSFIN - Investments
- And more...
- Online degrees offered include BA in Accounting, BA in Business Administration, MBA, and more.
- Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
- Courses help students develop knowledge of marketing, accounting, economic principles, and financial management.
- Business Administration students can specialize in areas such as Entrepreneurship, Finance, and Project Management.
- BA/Sports and Recreation Management - Finance
- BA/Consumer and Family Financial Services
- Apply managerial and business processes to information systems.
- Conduct systems analysis to manage complex projects.
- Design business intelligence solutions to meet organizational objectives.
- Analyze complex data to support strategic decision making
- Master in Finance
At Kaplan University, we offer over 180 degree and certificate programs. With three different ways to learn, you can choose the format that works best for you:
- Study wherever you have an Internet connection, because almost all of our courses are 100% online, or
- Take campus-based classes(with day and evening options available), or
- Combine campus learning with online classes (blended).
- Master of Science : Financial Planning
- Master of Science : Finance
- Master of Science : Financial Analysis
Liberty University provides a world-class education with a solid Christian foundation, equipping men and women with the values, knowledge, and skills essential for success in every aspect of life.
A liberal arts institution with 16 colleges and schools, Liberty offers programs in fields such as medicine, religion, law, aviation, cinematic arts, psychology, business, and more. Part of the Big South Conference, Liberty fields 20 NCAA Division I athletic teams and 32 Club Sports teams, offering fans an unparalleled college sports experience.
- BS in Business - Finance
- Offers M.B.A. and bachelor’s programs in Business Administration with concentrations in Marketing, Accounting, and more
- Ranked among the Best Online MBA Programs and Graduate Business Programs for 2017 by U.S. News and World Report
- Coursework covers topics like project management, management fundamentals, and business strategies
- Business students complete a capstone class that demonstrates their knowledge of business concepts
- Master of Business Administration - Finance
You’re serious about success. With your busy schedule and the desire to move your career forward, you can earn an accredited associate, bachelors or master’s degree at a pace that works for you anywhere, anytime, 24/7.
At AIU, the Serious U, you can get started to get ahead.
- MBA - Finance
- Bachelor's (BBA) - Finance
Baker College is proud to be the largest independent college in Michigan with the most focused approach to education and training available. With one of the highest graduate employment rates in the country, our mission is to help our students find meaningful employment.
At Baker College, you’ll have the opportunity to choose between an on campus education or an online education, depending on what works best for you and for your schedule. Our ground campuses are located across Michigan and one campus in Reading, Pennsylvania.
- Finance - Bachelor
- Finance - MBA (Master's)
Earn your graduate degree online with Northcentral University. We offer online programs focused on doctoral and master’s degrees in the schools of business and technology management, education, psychology and marriage and family sciences.
- Financial Management - PhD in Bus. Admin.
- Financial Management - D.B.A.
- Named a Best for Vets school by the Military Times in 2014.
- Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
- Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
- Offers externships and clinical experience that help students prepare for life after they graduate.
- Has 10 campuses across the mid-Atlantic, plus online degree programs.
- Accounting - Bachelor's