September 9, 2016
Financial planning is a growing and changing field. With an increasing number of baby boomers reaching retirement and young workers struggling to balance personal debt and mortgages, there are many opportunities to find a fulfilling career in personal finance.
If you've dreamed about a career in finance, want to help others prepare for their financial future or simply want to gain a stronger understanding of the financial systems that impact our everyday lives, an online financial planning degree could help you reach your goals.
Gain the skills you need to capitalize on these opportunities with Southern New Hampshire University's online Bachelor of Science in Finance with a concentration in Financial Planning.
Personal financial advisors offer advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help clients better manage their finances. In today's changing personal finance landscape, these services are more important than ever.
A 2015 survey from the Certified Financial Planner Board of Standards found that a growing number of Americans are seeking the advice of a financial planner, increasing from 28 percent of survey respondents in 2010 to 40 percent in 2015.
There are many factors driving this change in the personal finance industry, from longer lifespans to changes in state, national and private sector retirement systems. With an online financial planning degree from SNHU, you will be prepared to work with clients to face a wide variety of financial challenges and plan for a stable financial future.
While there are many reasons more Americans are seeking the expertise of financial planners, the nation's aging population plays a major role. Longer lifespans mean today's workers need to save more money and plan for longer retirements.
According to a June 2016 article from Investment News, the number of Americans age 65 and older is expected to increase by more than 50 percent over the next 20 years. As these Americans continue to live longer, their retirement goals and financial needs will also change.
At the same time, many organizations are doing away with traditional pension systems, increasing the need for personal retirement investment accounts and leading more Americans to turn to a personal financial advisor for help.
With the expertise gained in a financial planning program, you will be prepared to work with clients to prepare for the challenges that accompany a longer retirement, from tax and estate planning to investment advising and risk management.
Helping clients face the financial challenges of today's economy is not always easy, and a traditional business or finance degree may not be enough to stand out as a personal financial advisor.
SNHU's online financial planning degree incorporates the leading industry standards to help you gain the expertise you need to navigate key investment and financial decisions and help your clients build a strong financial future. Program coursework will prepare you to assess clients' assets, liabilities, cash flow, insurance coverage, tax status and financial objectives to identify strategies to help them reach their financial goals.
The BS in Finance with a concentration in Financial Planning ensures students have a strong understanding of the global economic environment, financial investments and markets, quantitative analysis and wealth management.
"The financial planning concentration provides a learning environment for students to explore and experience what a financial planner does in practice," said Kimberly Blanchette, senior associate dean of Continuing Education at Southern New Hampshire University. "Students will consider professional conduct and regulation, education planning, risk management and insurance planning, investment planning, tax planning, retirement savings and estate planning in order to develop and recommend financial plans for a variety of client situations."
As a student in the online financial planning degree program, you will learn to develop financial plans designed to help clients make sound investment decisions. You'll explore the ethics, legal practices and industry regulations that guide conduct and decision-making in the field of finance.
You'll also learn to apply personal financial planning knowledge to identify short- and long-term tactics to increase income, reduce spending, and achieve financial stability for your clients.
With an online financial planning degree, you'll have the skills and knowledge you need to succeed in a wide variety of finance careers.
Many financial planning graduates go on to work as an entrepreneur, founding their own financial advising firms and working to find their own clients. Financial planners and advisors can work with clients to save for college and retirement, plan for major financial investments such as purchasing a home and make sound financial investments to grow their income.
A financial planning program also puts you in a position for employment in a range of industries, including banks, insurance and mortgage companies, financial services and credit card firms. Some financial specialists work as tax preparers or real-estate appraisers, or work as a financial consultant to help businesses analyze and plan for their financial futures.
As a financial planning degree holder, you'll have access to competitive salaries across the finance industry.
No matter what your professional goals, an online financial planning degree from SNHU will help prepare you for your new career with a focus on real-world learning.
You'll use industry-leading trade simulation software to develop the analytical and interpersonal skills you'll need to advise clients on their financial goals. Communication and other important client relations skills are interwoven throughout all courses, ensuring you'll be prepared to start your career in financial planning.
SNHU's financial planning program culminates in a capstone project that will bring your learning to life. You'll use cutting-edge technology and case studies to analyze and synthesize financial reporting data and gain hands-on financial analysis and planning experience.
"Our courses are designed with experiential learning in mind," said Blanchette. "Students are exposed to assignments and assessments that provide an opportunity to develop the skills required of them in the real world. Our courses require students to apply what they are learning toward scenarios and situations that they would encounter in the real world as financial planners."
SNHU's online financial planning degree is a great way to start your new career in finance.
Whether you work full-time, are balancing family obligations or are just looking for a learning experience that works with your unique schedule, SNHU's flexible online programs will help you earn an education at your own pace. As an online student you'll have 24/7 access to your coursework and assignments, and are able to learn when it is most convenient for you.
Online discussion boards allow you to share, debate and ask questions about your learning with classmates from around the world, get feedback on course assignments and easily communicate with your instructors. SNHU's unique online programs ensure you are truly part of the university's learning community, even if you never step foot in a physical classroom.
Every SNHU student also works with an academic advisor, who can help you select your courses, answer any questions you may have about your degree and help you find any additional resources you may need, from student disability services to online tutoring. Advisors get to know each student personally and can help ensure you stay on track with your coursework and reach your goals.
SNHU Career is especially geared to online students. Whether you need help finding networking opportunities or jobs in your areas, or are looking for advice on writing a cover letter and resume, the SNHU Career advising team is ready to assist from your days as a student to graduation and beyond.
If you're interested in starting your financial planning career helping clients find financial stability, contact the SNHU Admissions Office today to get started.
If you want to do work that makes an impact, there are the obvious career paths. Then there are the not-so-obvious roles. Like data analysts. Geospatial technologists. Environmental scientists.
If you've dreamed of being an entrepreneur and starting your first business, these entrepreneur tips will help you on the path to launching a successful company.
Scholarships are gift money that does not require repayment, and scoring the funds may be more attainable than you think.