Online Master's Degree Programs in Financial Planning
A master's degree program in financial planning will prepare you to become a Certified Financial Planner (CFP). Through these programs, which are available online, you learn to work with clients and their finances, gaining communication skills and math skills. Find out how online programs work, and read more about what you'd learn as a financial planning student. Schools offering Chartered Financial Analyst (CFA) degrees can also be found in these popular choices.
How Can I Earn a Master's Degree in Financial Planning Online?
Many universities offer online programs at the master's degree level, and you can often enroll year-round. These programs teach you how to handle your clients' finances and prepare them for retirement, a new job, a major purchase or a large investment. The purpose of these online programs is to prepare you to sit for the Certified Financial Planner (CFP) Certification Examination.
In order to sit for the CFP Certification Examination, you must have obtained a bachelor's degree or higher. Although the bachelor's degree is the minimum qualification, the U.S. Bureau of Labor Statistics (BLS) notes that having a master's degree and certification improves your chances of advancing in the field (www.bls.gov). The exam tests your knowledge of debt management, insurance, benefits, retirement, taxes and investments. Once you have obtained this certification, you will have proven your competence in these areas to future employers and clients.
|Degree Overview||Learn to handle finances and prepare clients for retirement or large investments; prepare for the Certified Financial Planner Certification Examination|
|Online Course Structure||No special requirements except that you must be self-motivated|
|Common Courses||Retirement planning, risk management, estate planning, insurance, taxes|
How Will My Classes Be Delivered?
You learn differently online than you do through classroom participation. You must teach and motivate yourself with the aid of frequent correspondence with professors. Typically, you sign onto an Internet platform such as Blackboard to participate in your courses, which often involve recorded audio-video lectures and assigned readings. Each course module usually requires a discussion through a message board, upon which both your professors and fellow students can post. The flexible schedule allows you to work mostly at your own pace, even completing the degree under the 2-year average.
What Will I Learn?
Your primary focus will be math in these online programs. Financial planning programs are heavy in equations and probability. Communications skills are important as well, since you need to be able to clearly convey math and financial concepts to your clients. You will also study families and how to help them with their finances through family planning courses. The following are a few of the subjects you may encounter during your studies:
- Estate planning
- Financial counseling
- Real estate
- Retirement planning
- Family planning
- Employee benefits
- Risk management
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: