Financial Planning (B.A., B.S.)

Newly added major available in fall 2022

Great financial planners work in the overlap between dollars and people. They’re equally comfortable navigating intricate financial regulations and their clients’ complex lives.

Demand for personal financial advisors is expected to grow at a faster than average rate of 7% through 2028. According to the Bureau of Labor Statistics, the median U.S. salary for financial planners is $89,000. On average, certified financial planners earn 25% more than non-certified financial planners.

Nebraska Wesleyan University equips you to guide people through some of the most important decisions of their lives. You can have a rewarding career helping others make their long-term financial goals a reality.

Put yourself in perfect position for certification.

Nebraska Wesleyan’s online financial planning courses are designed to prepare you well for your certification exam. Those courses combine with personal support from NWU faculty through academic advising and instruction. You’ll enter that exam ready to succeed.

Financial advisors and planners are accredited by the Certified Financial Planner Board of Standards (CFP® Board), which ensures that advisors and planners meet strict educational, professional and ethical requirements.

The CFP® Certification has been an industry gold standard for over 30 years and the NWU program will help you prepare for the crucial CFP® exam. In fact, 90% of consumers see an advisor’s certification as a key component of deciding who to work with.

Coursework for Financial Planning (B.A., B.S. 63 hours)

Academically equivalent, both bachelor’s of art and bachelor’s of science will fully prepare you for a career in financial planning. If you choose to graduate with two majors, and one major is only offered as a B.A. or B.S., the second major should match the first degree.

Nebraska Wesleyan’s new financial planning program features in-person business courses enhanced with a selection of specialized online courses taught by national experts. Below is a list of financial planning courses required for this degree. A full list of courses will be available in the coming weeks.

Financial Planning required courses  

BUSAD 3710: General Principles of Financial Planning

This course provides a comprehensive examination of the general principles of financial planning, professional conduct and regulation, and education planning. These topics constitute thirty percent of the principal knowledge topics tested on the CFP® Certification Examination. The course introduces students to the financial planning process and working with clients to set goals and assess risk tolerance. In addition, students will learn to process and analyze information, construct personal financial statements, develop debt management plans, recommend financing strategies, and understand the basic components of a written comprehensive financial plan. The course also covers the regulatory environment, time value of money, and economic concepts.

3 hours

BUSAD 3720: Risk Management and Insurance Planning

This course provides a comprehensive examination of the general principles of risk management and insurance planning for individual and family clients. These topics constitute approximately 17 percent of the principal knowledge topics tested on the CFP® Certification Examination. The course first introduces students to the risk management and insurance planning process and working with clients to analyze and evaluate risk exposures. Second, the core insurance lines of coverage are explored in detail, including: health, disability, long-term care, life, and personal property and casualty (homeowners’, personal auto policy, etc.). In addition, the student will learn to analyze an individual and family’s insurance needs, to select the most appropriate insurance policy and company, and to understand a business owner's use of insurance to protect the business’ assets and future income.

3 hours

BUSAD 3730: Investment Planning

The course is designed for students interested in pursuing careers in the financial planning and asset management profession. The course and curriculum are approved by the CFP® Board of Standards and meet one component of the educational requirement for becoming a Certified Financial Planner. This course explores the securities market, sources of information, risk/return, stocks, bonds, options, futures, and security analysis, and culminates in portfolio construction and analysis. You will learn how to evaluate different asset classes for different investment objectives and determine their suitability for investors considering investment goals, time horizons, risk tolerance, and tax situations.

3 hours

BUSAD 3740: Tax Planning

This course covers taxation for individuals, sole proprietorships, partnerships, and corporations, as well as the tax aspects of investments, insurance, annuities, and retirement planning. Students will be able to identify the likely tax consequences of personal and business financial activities and select appropriate and lawful tax-minimizing tactics and strategies.

3 hours

BUSAD 3750: Retirement Savings and Income Planning

This course educates students on how to conduct a retirement needs analysis for individuals and to recognize the key factors that affect retirement plan selection for business owners. Students will be able to evaluate and compare the characteristics of various retirement plans and recommend which plan is appropriate in a given situation. The course covers tax-deferred retirement plans, IRAs, non-qualified plans, Social Security, Medicare, Medicaid, distribution strategies, taxation of distributions, and regulatory considerations.

3 hours

BUSAD 3760: Estate Planning

This course provides an introduction to federal gift, estate, and generation-skipping transfer taxes and the many planning techniques used to minimize the impact of these taxes on transfers of wealth. It also explores the income-tax effects of gifts and bequests, with particular attention to the limitations on income-shifting to family members. The non-tax aspects of estate planning, including the estate planning process, property ownership, planning for incapacity, and planning for business owners are examined as are the need for estate planning documents for individuals, spouses, and unmarried couples. The course stresses the need for balancing tax and non-tax considerations in creating successful estate plans.

3 hours

BUSAD 4450: Financial Plan Development

This course integrates financial planning topics learned in the previous courses and demonstrates how to apply this knowledge to the development of a comprehensive financial plan. Students will learn how to construct a plan according to CFP Board’s Financial Planning Practice Standards and client objectives.

3 hours

 

Major requirements  
ACCT 1310: Principles of Accounting I 3 hours
ACCT 1320: Principles of Accounting II 3 hours
ECON 1530: Macroeconomic Principles 3 hours
ECON 1540: Microeconomic Principles 3 hours
BUSAD 2000: Principles of Marketing 3 hours
BUSAD 2300: Business Communication 3 hours
BUSAD 2500: Principles of Management 3 hours
BUSAD 2700: Business Law I 3 hours
BUSAD 3300: Quantitative Methods 3 hours
BUSAD 3700: Financial Management 3 hours
BUSAD 4600: Business Ethics 3 hours
BUSAD 4970: Business Internship 3 hours

 

Statistics requirement - Choose ONE of the following  
BUSAD 2100: Business and Economic Statistics 3 hours
MATH 1300: Statistics 3 hours
MATH 3300: Mathematical Statistics I 3 hours
PSYC 2100: Psychological Statistics 3 hours
SOC 2910: Social Statistics 3 hours

 

Math requirement - Choose ONE of the following  
MATH 1100: College Algebra 3 hours
MATH 1400: Pre-Calculus 3 hours
MATH 1450: Finite Mathematics 3 hours
MATH 1500: Calculus for Management, Biological, and Social Sciences 3 hours
MATH 1600: Calculus I 3 hours

 

Capstone  
BUSAD 4800: Strategic Management 3 hours