Financial Planning
Learn more about the Bachelor of Business Administration in Financial Planning.
Oleg Rytchkov, Department Chair
Alter Hall 420
215-204-4146
rytchkov@temple.edu
Cindy Axelrod, Director of the Financial Planning Program
Alter Hall 422
215-204-1917
cindy.axelrod@temple.edu
https://www.fox.temple.edu/faculty-research/academic-areas/finance/
As the first wave of the baby-boom generation hits retirement age, an intense need and demand has arisen for skilled financial professionals to assist boomers—and other generations—in protecting, growing, and managing their assets. This major provides the skills and knowledge to meet the increased demand for financial-planning professionals.
Financial planning is about determining how an individual can meet their life goals through the proper management of financial resources. Financial planning encompasses establishing client goals, analyzing clients' current financial status, developing and presenting recommendations and alternatives to meet the client's goals and, implementing and monitoring the recommendations and alternatives.
Because a financial planner needs to manage their clients overall financial situation, several skills are required. These include:
- Retirement planning
- Investment allocation
- Income tax and estate planning
- Insurance and employee benefits planning
- Financial statement preparation and analysis
Financial planners are in great demand in the Philadelphia area as well as in the national market. Potential employers include national and regional banks (i.e., Wells Fargo, Bank of America, Citigroup, JPMorgan Chase, etc.), asset managers (i.e., Charles Schwab, Vanguard, Fidelity, T. Rowe Price, etc.), accounting firms, registered investment advisors, and independent financial planning businesses and institutions.
Licensure/Certification
Certified Financial Planner (CFP)
A Certified Financial Planner (CFP) credential is sometimes required for employment or advancement in the financial planning profession. The education requirements for the Certified Financial Planner (CFP) exam is met by the BBA in Financial Planning at the Fox School of Business and Management. Specifically, the Certified Financial Planning Board requires all Registered Programs to incorporate 72 Principal Knowledge Topics within the course curriculum. The requirements are the same for all states.
First and foremost, registrants must have a four-year degree. Second, course materials relevant to the CFP curriculum must be provided by an approved Registered Board Program provider. Temple University has been an approved provider since July 2015, and fully expects to continue this status. Third, registrants must pass the CFP exam, which is given three times per year (March, July, September). Fourth, the CFP marks may be used only upon attaining three years of relevant work experience. In other words, an individual who passes the CFP exam may NOT use the CFP marks unless they have a minimum of three years of relevant work experience. Fifth, all registrants must sign an Ethics Declaration and undergo a background check.
Summary of Requirements
University Requirements
All new students are required to complete the university's General Education (GenEd) curriculum.
Note that students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University requirements current at the time of re-enrollment.
College Requirements
Students must meet College Graduation Requirements for the Bachelor of Business Administration, including the requirements of the major listed below. Students must attain an overall GPA of 2.0 and a 2.0 GPA in the major to graduate as a Finance major.
Major Requirements
Students must follow the Major Requirements and College Requirements current at the time of declaration. Students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University, College, and Major requirements current at the time of re-enrollment.
Requirements of Financial Planning Major
| Code | Title | Credit Hours |
|---|---|---|
| FIN 3507 | Security Analysis and Portfolio Management | 3 |
| FIN 3519 | Introduction to Financial Planning | 3 |
| LGLS 3519 | Tax, Estate and Trust Planning | 3 |
| RMI 3519 | Insurance, Benefits and Retirement Planning | 3 |
| FIN 4598 | Seminar in Financial Planning 1 | 3 |
| Select one of the following: | 3 | |
| Interpersonal Processes through the Life Span | ||
| Conflict Processes | ||
| Mediation: Principles and Practice | ||
| Negotiation Processes | ||
| Facilitating Group Decision-Making | ||
| Power, Influence and Negotiation | ||
| Sales and Sales Management | ||
| Total Credit Hours | 18 | |
| 1 | This major capstone is taken in the final semester, and all prerequisites must be met. |
Suggested Academic Plan
Bachelor of Business Administration in Financial Planning
Requirements for New Students starting in the 2022-2023 Academic Year
Please note that this plan is suggested only, ensuring prerequisites are met.
| Year 1 | ||
|---|---|---|
| Fall | Credit Hours | |
| STAT 1001 | Quantitative Methods for Business I | 3 |
| ECON 1101 | Macroeconomic Principles | 3 |
| HRM 1101 | Leadership and Organizational Management | 3 |
| ENG 0802, 0812, or 0902 | Analytical Reading and Writing [GW] | 4 |
| GenEd Breadth Course | 3 | |
| Term Credit Hours | 16 | |
| Spring | ||
| STAT 1102 | Quantitative Methods for Business II | 4 |
| ECON 1102 | Microeconomic Principles | 3 |
| BA 1103 | Legal and Ethical Reasoning in Business | 3 |
| IH 0851 or 0951 | Intellectual Heritage I: The Good Life [GY] | 3 |
| GenEd Breadth Course | 3 | |
| Term Credit Hours | 16 | |
| Year 2 | ||
| Fall | ||
| ACCT 2103 | Financial and Managerial Accounting for Decision Making | 4 |
| STAT 2103 | Statistical Business Analytics (waives GenEd Quantitative Literacy requirement) | 4 |
| MIS 2101 | Digital Systems | 3 |
| MKTG 2101 | Marketing Management | 3 |
| IH 0852 or 0952 | Intellectual Heritage II: The Common Good [GZ] | 3 |
| Term Credit Hours | 17 | |
| Spring | ||
| FIN 3101 | Financial Management | 3 |
| BA 2101 | Professional Development Strategies | 1 |
| BA 2196 | Business Communications [WI] | 3 |
| Select one of the following:1 | 3 | |
| Turning Numbers into Knowledge: Visualizing Data | ||
| Business Analytics: Modern Data Science Techniques | ||
| RMI 2101 | Introduction to Risk Management | 3 |
| GenEd Breadth Course | 3 | |
| Term Credit Hours | 16 | |
| Year 3 | ||
| Fall | ||
| MSOM 3101 | Operations Management | 3 |
| FIN 3519 | Introduction to Financial Planning | 3 |
| Business Elective2 | 3 | |
| GenEd Breadth Course | 3 | |
| GenEd Breadth Course | 3 | |
| Term Credit Hours | 15 | |
| Spring | ||
| Select two of the following: | 6 | |
| Security Analysis and Portfolio Management | ||
| Tax, Estate and Trust Planning | ||
| Insurance, Benefits and Retirement Planning | ||
| Business Elective2 | 3 | |
| GenEd Breadth Course | 3 | |
| Free Elective | 3 | |
| Term Credit Hours | 15 | |
| Year 4 | ||
| Fall | ||
| BA 4102 | Strategic Management | 3 |
| Select one of the following: | 3 | |
| Security Analysis and Portfolio Management | ||
| Tax, Estate and Trust Planning | ||
| Insurance, Benefits and Retirement Planning | ||
| Business Elective2 | 3 | |
| GenEd Breadth Course | 3 | |
| Free Elective | 3 | |
| Term Credit Hours | 15 | |
| Spring | ||
| FIN 4598 | Seminar in Financial Planning [WI] | 3 |
| Select one of the following: | 3 | |
| Interpersonal Processes through the Life Span | ||
| Conflict Processes | ||
| Mediation: Principles and Practice | ||
| Negotiation Processes | ||
| Facilitating Group Decision-Making | ||
| Power, Influence and Negotiation | ||
| Sales and Sales Management | ||
| Free Elective | 3 | |
| Free Elective | 3 | |
| Free Elective | 2 | |
| Term Credit Hours | 14 | |
| Total Credit Hours: | 124 | |
| 1 | Please check with your departmental advisor on which course is most appropriate for the major. |
| 2 | 2000-3999 electives can be selected from: ACCT, AS, BA, ECON, FIN, HRM, IB, LGLS, MIS, MKTG, RE, RMI, STAT, SCM, SGM. Please see your advisor for elective suggestions that match your career objectives. |