M.S. in Administration
The Master of Science (M.S.) in Administration program at Central Michigan University (...
B.S.B.A. in Personal Financial Planning
Mount Pleasant, Michigan
INTAKE: Jan & Aug
Program Overview
Central Michigan University (CMU) offers a Bachelor of Science in Business Administration (B.S.B.A.) in Personal Financial Planning, a program designed to equip students with the knowledge and skills needed to excel in the financial planning industry. This degree provides a comprehensive education in financial planning principles, investment strategies, and personal finance management. The program is aimed at preparing students for careers as financial planners, advisors, and consultants, focusing on helping individuals and families achieve their financial goals.
AACSB Accredited: CMU’s B.S.B.A. in Personal Financial Planning is offered through the College of Business Administration, which is accredited by the Association to Advance Collegiate Schools of Business (AACSB). This prestigious accreditation ensures that the program meets high standards of excellence in business education, providing students with a quality education that is recognized globally. AACSB accreditation signifies that the program offers a rigorous curriculum, qualified faculty, and a commitment to continuous improvement and relevance in the field of business education.
Curriculum: The curriculum for the B.S.B.A. in Personal Financial Planning is designed to provide students with a solid foundation in financial planning and personal finance management. Core courses cover topics such as financial planning principles, investment management, risk management, retirement planning, and estate planning. The program also includes coursework in financial analysis, ethics in financial planning, and client relationship management. Students gain practical experience through case studies, simulations, and real-world financial planning scenarios, preparing them for professional practice.
Research Focus: The B.S.B.A. in Personal Financial Planning at CMU emphasizes applied learning and practical skills, with opportunities for students to engage in research related to financial planning strategies and industry trends. Students can explore research topics such as investment strategies, financial behavior, and risk management techniques. This research focus helps students develop analytical skills and contribute to the field of personal financial planning by exploring new approaches and solutions to financial challenges.
Industry Engagement: CMU’s program in Personal Financial Planning features strong industry engagement through internships, networking events, and partnerships with financial planning firms. The university collaborates with industry professionals to provide students with hands-on experience and insights into the financial planning profession. Students have opportunities to work on real-world projects, attend industry conferences, and interact with financial advisors and planners, enhancing their understanding of the field and building valuable professional connections.
Global Perspective: The B.S.B.A. in Personal Financial Planning incorporates a global perspective by addressing international financial planning issues and global market trends. The program prepares students to understand diverse financial systems, investment opportunities, and economic conditions that impact financial planning on a global scale. Students may have opportunities to study international financial markets, participate in global finance projects, and gain insights into cross-border financial planning practices.
Location
Mount Pleasant, Michigan
Score
IELTS 6.5
Tuition Fee
USD 20250
Undergraduate Entry Requirements
Application Fee: $55
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 65% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.5 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 79 or higher.
- PTE: Overall score of 53 or higher.
- DET (Duolingo English Test): Overall score of 100.
Central Michigan University (CMU) offers various scholarships and financial aid opportunities to support international students in their pursuit of higher education. These scholarships are typically awarded based on academic merit, talent, or specific criteria.
Global Ambassador Scholarship: This scholarship is for undergraduate international students with a strong academic record and a promoting cultural exchange. Recipients of this scholarship serve as cultural ambassadors on campus.
International Opportunity Awards: These awards are available to both undergraduate and graduate international students. They are based on academic achievement, leadership potential, and contributions to the CMU community.
Departmental Scholarships: Some academic departments within CMU may offer scholarships specific to their field of study. These scholarships are typically based on academic achievement and may require students to meet certain criteria.
External Scholarships: CMU encourages international students to explore external scholarship opportunities from organizations, foundations, and governments. The university's scholarship office can provide guidance on identifying and applying for these scholarships.
CMU Merit Scholarships: While primarily available to domestic students, CMU does offer merit-based scholarships that may be accessible to high-achieving international students.
It's important to note that scholarship availability, eligibility criteria, and award amounts can change from year to year.
Graduates with a Bachelor of Science in Business Administration (B.S.B.A.) in Personal Financial Planning from Central Michigan University (CMU) are well-prepared for a variety of career paths in the financial planning and advisory industry. The program equips students with comprehensive knowledge and practical skills in financial management, making them suitable for roles that involve guiding individuals and organizations in achieving their financial goals.
Financial Planner: Graduates can work as financial planners, helping clients develop strategies to manage their finances, save for future goals, and plan for retirement. They provide personalized advice on investment options, budgeting, and risk management.
Financial Advisor: As financial advisors, graduates assist clients in making informed investment decisions, planning for major life events, and managing their overall financial portfolios. They offer expertise in asset allocation, retirement planning, and estate planning.
Investment Consultant: Graduates can work as investment consultants, advising clients on investment opportunities and portfolio management. They analyze market trends, recommend investment strategies, and help clients maximize their returns.
Wealth Manager: In wealth management roles, graduates work with high-net-worth individuals to manage their investments, plan for wealth transfer, and address complex financial needs. They provide tailored financial solutions and strategic advice to preserve and grow wealth.
Risk Management Specialist: Graduates can specialize in risk management, identifying potential risks and developing strategies to mitigate them. They analyze financial risks, such as market volatility and insurance needs, to protect clients' financial interests.
Retirement Plan Specialist: As retirement plan specialists, graduates focus on helping clients design and implement retirement savings plans. They offer guidance on pension plans, 401(k) options, and other retirement investment strategies.
Estate Planner: Graduates can work as estate planners, assisting clients in planning for the distribution of their assets after death. They help create wills, trusts, and estate plans to ensure that clients' wishes are fulfilled and tax implications are minimized.
Financial Analyst: Graduates may work as financial analysts, evaluating financial data to support investment decisions and strategic planning. They analyze financial statements, market trends, and economic conditions to provide insights and recommendations.
Banking Relationship Manager: In this role, graduates manage relationships with clients in banking institutions, offering personalized financial services and solutions. They assist with loan applications, investment opportunities, and account management.
Corporate Financial Planner: Graduates can work as corporate financial planners, helping businesses manage their financial resources, plan budgets, and analyze financial performance. They support corporate financial strategies and decision-making processes.