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?
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The Finance Department at Old Dominion University has earned a national reputation for its contributions to practice through teaching excellence and professional leadership
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As a finance major, you will gain skills applicable to a variety of careers in the finance world
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Our graduates secure rewarding careers as financial analyst, capital budgeting manager, credit manager, cash control/risk manager or a variety of portfolio management positions
Delivery Mode(s):
On-Campus
Degree Earned:
Bachelor of Science in Business Administration
Department:
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 2022-23 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:
$ 374
Non-Resident
Per Credit:
$ 1,039
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?
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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's, education 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.
How would you like to complete your program?
Enhance your college career by gaining relevant experience with the skills and knowledge needed for your future career. Discover our experiential learning opportunities.
Get an inside look into your major of interest when you speak to professors and current students at our monthly First Friday events.
Welcome to the Monarch Nation! Orientation will be hosted on-campus. Events include course selection and registration, an overview of resources and a preview of campus life.