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 financial planning career.
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.
You can gain the skills you need to capitalize on these opportunities with an 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, 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.
A 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.
As a student in an 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. Your financial planning career can take many forms.
Many financial planning graduates go on to work as entrepreneurs, 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.
An online financial planning degree can be 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, online programs can 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.
While the norm for college students typically means borrowing student loans, a combination approach to funding education may be more realistic than you think.
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