Financial Planning and Wealth Management [BBA]

Location(s): In-person/hybrid, Online

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New Program Fall 2024

The Bachelor of Business Administration in Financial Planning and Wealth Management is a specialized program designed to equip students with the skills and knowledge required to excel in the dynamic field of financial planning. As the complexities of personal finance continue to grow, the demand for qualified financial planners is on the rise. This program aims to fill that need by offering a curriculum that prepares students for the Certified Financial Planner (CFP) examination and provides a holistic understanding of financial well-being.

Learn

Financial planning students can expect a comprehensive curriculum that covers a wide array of topics essential to financial planning. The program offers courses in Wealth Management, Estate Planning, Risk and Insurance, Investment Strategies, and Tax Planning. Additionally, the program incorporates interdisciplinary elements to provide a well-rounded educational experience. Students will gain subject-matter expertise in asset allocation, retirement income planning, estate tax considerations, and ethical financial practices. The curriculum is designed to align closely with the requirements for CFP certification, ensuring that graduates are well-prepared to sit for the CFP examination.

Opportunities

A degree in Financial Planning opens many career opportunities in a growing field. Graduates are well-positioned to pursue roles as financial advisors, wealth managers, estate planners, and insurance consultants. The program’s strong ties with the financial planning industry also offer students valuable networking opportunities and potential for internships and job placements. Furthermore, becoming a Certified Financial Planner can significantly enhance career prospects, offering higher earning potential and job security. With a focus on practical, client-centered skills, graduates are prepared for direct client interactions and equipped to adapt to the evolving landscape of financial planning.

Department Information

Accounting, Finance, and Information Systems 403 Hill Hall, 734.487.3320

Charles E. Teague III, PhD, Department Head

Advisor Information

College of Business Academic Services (Make an Appointment), 1 Hill Hall, 734.487.2344

Program Admission

Students seeking admission to any program in the College of Business must complete 56 credit hours of coursework to include the courses listed below. Students must earn a grade of C- (C required for transfer courses) or higher in all foundation courses. Students must also have an EMU GPA of at least 2.50.

College of Business Foundation Courses: 21 hours

The following courses are to be completed before COB admission and count toward the total credit hours required for this major.
ACC 240 Principles of Financial Accounting 3 hrs
ACC 241 Principles of Managerial Accounting 3 hrs
COB 200L4 Introduction to Business [GELB] 3 hrs
IS 215 Information Systems for Business 3 hrs
LAW 293 Legal Environment of Business 3 hrs
MGMT 202 Business Communication 3 hrs
Choose one course from the following:
DS 251 Business Statistics for Decision Making 3 hrs
DS 265 Business Statistics I 3 hrs
Non-College of Business Foundation Courses: 15 hours
COMM 124 Foundations of Speech Communication [GEEC] 3 hrs
ECON 201 Principles of Macroeconomics [GEQR or GEKS] 3 hrs
ECON 202 Principles of Microeconomics [GEQR or GEKS] 3 hrs
Quantitative Reasoning Requirement 3 hrs
WRTG 121 Composition II: Researching the Public Experience [GEEC] 3 hrs
Additional Coursework: 20 hours

In addition to the courses listed above, students must complete an additional 20 credit hours of course work before admission to the College of Business.

General Education Requirements:

For specific requirements, see General Education or view the General Education Worksheet [PDF] .

Major Requirements: 63 hours

Business Core: 36 hours

College of Business Foundation Courses: 21 hours

The following courses are to be completed before COB admission and count toward this major’s total credit hours.
ACC 240 Principles of Financial Accounting 3 hrs
ACC 241 Principles of Managerial Accounting 3 hrs
COB 200L4 Introduction to Business [GELB] 3 hrs
IS 215 Information Systems for Business 3 hrs
LAW 293 Legal Environment of Business 3 hrs
MGMT 202 Business Communication 3 hrs
Choose one course from the following:
DS 251 Business Statistics for Decision Making 3 hrs
DS 265 Business Statistics I 3 hrs
Post Admission Core Requirement: 15 hours

Before enrolling in MGMT 490, students must complete all 300-level core courses listed below. Students may take OM 374 and MGMT 490 concurrently.
FIN 350 Principles of Finance 3 hrs
MGMT 386 Organizational Behavior and Theory 3 hrs
MGMT 490 Business Policy 3 hrs
MKTG 360 Principles of Marketing 3 hrs
OM 374 Introduction to Operations Management 3 hrs

Discipline: 27 Hours

ACC 350 Tax Management and Planning 3 hrs
FIN 354 Investments 3 hrs
FIN 456 Wealth Management 3 hrs
FIN 470 Principles of Retirement Planning 3 hrs
FIN 471 Risk Mitigation and Insurance Strategies 3 hrs
FIN 472 Estate Planning and Wealth Transfer 3 hrs
FIN 473W Financial Plan Development [GEWI] 3 hrs
PHIL 221 Business Ethics [GEKH] 3 hrs
SWRK 222 Social Welfare Policies and Services 3 hrs

Minor Requirement:

This major does not require a minor.

Program Total:

Students must earn a minimum total of 120 credits at the 100-level or above.

Critical Graduation Information

Each undergraduate student will be responsible for fulfilling the requirements (or their equivalents) of the Eastern Michigan University catalog in force at the time of their initial registration at a college or university or a subsequent catalog, including the one in effect at the time of their graduation.

In the event an undergraduate student does not complete the degree requirements within seven years of the date of their original registration at a college or university, the student may be required to have their credits re-evaluated by the academic department(s) of their major/minor in keeping with catalog requirements in force during the year of their graduation.

Minimum requirements for all bachelor’s degrees awarded by Eastern Michigan University

Some majors and minors require more than the minimum in one or more of the areas below; students are urged to consult this catalog for the requirements of their particular programs.

Earn a minimum total of 120 credit hours at the 100-level and above.
- Courses numbered below 100 are not counted toward this degree requirement.
- At most, eight credit hours of physical education (PEGN) activity courses are counted toward this requirement.
Meet the requirements of the General Education program (see information below), including completing a Writing Intensive (GEWI) course in the student’s major.
Earn a minimum of 60 credits from a four-year college or university; courses taken at community colleges cannot be used to meet this requirement (Some formal program-to-program articulation agreements modify this requirement. See specific agreements for details).
Earn a minimum of 30 credits from courses taken at EMU.
Complete 10 of the last 30 hours for the degree from courses taken at EMU.
Have a minimum of 30 unique credit hours in their major and 20 unique credit hours in their minor for a total of at least 50 unique credit hours between them. Some majors that require 50 or more hours themselves do not require a minor. A double major automatically satisfies the need for a minor unless one of the two majors requires a specific minor. Students should check the requirements of the selected major in the undergraduate catalog to see if a minor is required.
Earn no more than 60 credit hours in one subject area (prefix). Credits over the 60 maximum will not be counted toward the minimum of 120 credits required for a bachelor’s degree.
Earn the minimum number of credits in 300-level and above courses in each major and minor as specified below - these credits must be earned in distinct courses; that is, no course can be used to fulfill this requirement in more than one major or minor.
- Earn a minimum of 6 credits in 300-level or higher courses at EMU in each minor
- Earn a minimum of 9 credits in 300-level or higher courses at EMU in each major that requires a minor.
- Earn a minimum of 15 credits in 300-level or higher courses at EMU in each major that does not require a minor
Transfer credit will be awarded for courses taken at colleges and universities that are accredited by one of the recognized regional accrediting bodies only if the courses are college-level (equated to 100-level or above at EMU) and the student earned a “C” (or 2.0 on a 4 point scale) or better. Transfer credit may be awarded on a case-by-case basis for college-level courses in which a “C” (2.0) or better was earned at institutions outside the U.S. or at non-accredited U.S. institutions; individual departments/schools conduct the internal review of such courses within EMU, and additional documentation may be required. Please note: EMU awards only credit for transferred courses; grades are not used to calculate an EMU GPA.
Earn a minimum cumulative GPA of 2.0 in courses taken at EMU to graduate. In addition, a minimum cumulative GPA of 2.0 must be reached in each major and minor. Only courses a student takes at EMU and those applied to their major or minor are used to calculate their major and minor cumulative GPAs. (Note: some programs may require a higher GPA - check with your program advisor.)

General Education Requirements - EMU’s General Education Program requires students to choose from a menu of approved courses in several different areas; do not assume that other courses in the same department or similar names will fulfill these requirements. A detailed description of General Education requirements is available in the General Education section of the catalog.

Students who transferred to EMU may have modified general education requirements based on Michigan Transfer Agreement (MTA) or articulation agreements; consult your academic advisor for additional information.