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

The need for financial planners continues to grow. Estimates of employment growth in these fields range from 41% (US Department of Labor) to 30.1% (AOL jobs survey), over the next ten years. One of the most significant issues facing an individual and their family is how to manage and protect their assets, income and investments. The U.S. economy has transitioned from a one where people retire securely with a pension after spending a lifetime with an employer. We are now in a world of defined contribution plans where each individual is responsible for creating and managing their own retirement program. Additionally, navigating the worlds of taxes, insurance, education funding, all compound the stress we all face. Individuals and their families need advice from professionals who are able to integrate all aspects of personal finance. These include insurance, investments, employee benefits, taxes, and estate planning. That is role of the personal financial planner.

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


Description


What is Personal Financial Planning at ODU like?

The need for financial planners continues to grow. Estimates of employment growth in these fields range from 41% (US Department of Labor) to 30.1% (AOL jobs survey), over the next ten years. One of the most significant issues facing an individual and their family is how to manage and protect their assets, income and investments. The U.S. economy has transitioned from a one where people retire securely with a pension after spending a lifetime with an employer. We are now in a world of defined contribution plans where each individual is responsible for creating and managing their own retirement program. Additionally, navigating the worlds of taxes, insurance, education funding, all compound the stress we all face. Individuals and their families need advice from professionals who are able to integrate all aspects of personal finance. These include insurance, investments, employee benefits, taxes, and estate planning. That is role of the personal financial planner.

Program Highlights


What makes Personal Financial Planning at ODU unique?

  • The Finance Department at Old Dominion University has earned a national reputation for its contributions to practice through teaching excellence and professional leadership

  • As a finance major, you will gain skills applicable to a variety of careers in the finance world

  • Our graduates secure rewarding careers as financial analyst, capital budgeting manager, credit manager, cash control/risk manager or a variety of portfolio management positions

Careers


What are some careers in this field?

Check out these ideas from ODU Career Development Services and the Occupational Information Network (O*NET). A median salary is the midpoint of what people typically earn—half of those surveyed earned above the median salary, and half earned below.

Personal Financial Advisors

$124,140

MEDIAN SALARY


Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.

Credit Counselors

$49,460

MEDIAN SALARY


Advise and educate individuals or organizations on acquiring and managing debt. May provide guidance in determining the best type of loan and explaining loan requirements or restrictions. May help develop debt management plans, advise on credit issues, or provide budget, mortgage, and bankruptcy counseling.

Sales Agents, Financial Services

$97,440

MEDIAN SALARY


Sell financial services, such as loan, tax, and securities counseling to customers of financial institutions and business establishments.

Assessors

$60,830

MEDIAN SALARY


Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.

Courses


What are some courses offered in Personal Financial Planning at ODU?

FIN 319:
Principles of Real Estate


The fundamentals of real estate productivity and value are developed. Legal elements of real estate transactions, physical aspects of real estate location and production, and economic factors pertinent to real estate. Prerequisite: A declared major in the University or permission of the Dean's Office.

FIN 410:
Life and Health Insurance


This course uses a broad-based financial planning approach in considering the nature and importance of individual life and health risks and uses of individual life and health insurance in treating these risks. The implications of various legal, tax, and accounting considerations on businesses and individuals are discussed. The course also provides an overview of the operational aspects of life insurers, including organization, underwriting, actuarial, reassurance, marketing, investment, taxation, and accounting functions. Cases are employed. Prerequisites: FIN 317 and a declared major in the University or permission of the Dean's Office.

FIN 433:
Introduction to Futures and Options


An introduction to the understanding of futures and options. Basic features and trading mechanisms; valuation of financial derivatives; methods of managing financial risk; arbitrage techniques; and speculation strategies. Prerequisites: FIN 323 with a grade of C or better and 431 and a declared major in the University or permission of the Dean's Office.

Requirements


What are the requirements to apply for Personal Financial Planning at ODU?

Students entering the Bachelor of Science in Business Administration program in Personal Financial Planning should meet the minimum university admission requirements (Undergraduate Admission)

Cost

Tuition and Fees

Estimated rates for the 2021-22 academic year. Rates are subject to change. Anyone that is not a current Virginia resident will be charged non-resident rates. That includes international students.

Virginia Resident


Per Credit:

$ 360

Non-Resident


Per Credit:

$ 1,032

Active Duty Military Rate


Per Credit:

$ 250

Technology Delivered Courses Outside Virginia and/or the United States


Per Credit:

$ 407

Ways to Save

Here are a few ways for you to save on the cost of attending ODU. For more information visit University Student Financial aid

Next Steps


I like this program. What are the next steps?

Contact


Need help applying?

Meet Your Enrollment Team

Our enrollment coordinators are ready to help you through the admissions process.

Undergraduate Admissions


Location:

1004 Rollins Hall, Norfolk, VA 23529


Phone Office:

757-683-3685


Fax:

757-683-3255


Email:

admissions@odu.edu


International Admissions


Location:

2101 Dragas Hall, Norfolk, VA 23529


Phone Office:

757-683-3701


Fax:

757-683-3651


Email:

intladm@odu.edu

Transfer


I like this program and want to transfer. What are my next steps?

At ODU, we understand that as a transfer student you have unique needs that require a wide array of campus resources. The Center for Advising Administration and Academic Partnerships aims to create a transfer inclusive culture that supports the successful transition, engagement, and academic achievement of transfer students. The services and programs offered to you as a Monarch are endless so take advantage of every opportunity. Even before you set foot on campus, we encourage you to Explore, Experience, and Engage! Visit our Transfer Students page for more information.

Additional Programs


Are there other programs at ODU I may be interested in?

With over 120 undergraduate programs, 130 graduate programs at the master'seducation specialist and doctoral levels plus a wealth of certificate and professional development programs, Old Dominion University has the program for you. Visit our academic program listing page to see other programs ODU has to offer.

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