Program Overview
Kenneth W. Monfort College of Business
Contact: Michael Martin, J.D., Chair
Location: Kepner 1055
Telephone: 970-351-2275
Fax: 970-351-1097
Website: mcb.unco.edu/programs/business-administration/finance.aspx
Advising Information:
All business majors must consult with their assigned advisor each semester prior to registering.
To find your advisor, log into ursa.unco.edu; go to 'Student' tab and click 'View Student Information' link. If no advisor is listed, contact the MCB Advising Office for advisor information, 970-351-1233.
The program consists of three parts:
- Liberal Arts Curriculum (LAC) Credits
- Required Major Credits
- University-Wide Credits
Program Description:
Wealth management is a rapidly growing profession and this concentration is geared toward students who are interested in this field. Financial planning and wealth management careers are diverse and provide strong job satisfaction. They focuses on the skills used by individuals and businesses to minimize taxes, maximize returns, and plan for retirement. Some examples of the methods used by individuals and businesses include planning for wealth transfers, developing a financial plan, and designing retirement plans. Students will learn about asset valuation, estate planning, managing client portfolios, tax management, tax minimization, portfolio construction, financial planning, and more.
According to the U.S. Bureau of Labor Statistics, employment of personal financial advisors is projected to grow 13% from 2022 to 2032, which is much faster than the average for all occupations. This robust growth outlook has been substantiated by alumni and advisory board members who see a strong demand for Wealth Managers.
From an industry perspective, latest numbers suggest approximately 25,600 openings for personal financial advisors are projected each year, on average, over the next decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire. Potential occupations include
- Certified Financial Planner (CFP®)
- Financial Consultant
- Financial Analyst
- Estate Planner
- Personal Financial Advisor
- Portfolio Manager
- Investment Banker
- Risk Manager
- Tax Consultant
Wealth and Asset Management Student Learning Outcomes:
Students who complete the Wealth and Asset Management concentration will have the following learning outcomes:
1. Demonstrate an understanding of time value of money concepts.
2. Demonstrate an understanding of firm project, and security valuation, including short-term and long-term assets and liabilities.
3. Demonstrate an understanding of risk and return and its role in financial markets and the environment.
4. Demonstrate an understanding of financial statements and the effects of alternative financing options.
5. Demonstrate an understanding of equity markets, fixed income, derivatives, and foreign exchanges as used in constructing and managing wealth and investment portfolios.
Program Admission Requirements:
- Incoming New First Time and Transfer students are admitted to the College of Business major and minors provided they meet the admission requirements set forth by UNC.
- Current UNC students who have completed at least 15 credit hours with a cumulative GPA of 2.50 or above are guaranteed admission to any business major.
- Current UNC students who have completed at least 15 credit hours with a cumulative GPA of 2.00-2.49 qualify to apply for admission to a business major. Students may apply at the MCB Advising Center located in Kepner 1095.
Degree Requirement Notes:
Students are reminded that to graduate with a Business Administration degree, a student must attain a 2.0 or greater cumulative Business GPA and at least a "C-" grade in each individual Business Administration Core, concentration and business elective courses.
Business coursework may be transferred toward a Business degree according to the following limits:
- Students must complete at least 30 credits of their business degree in residence from MCB and these credits must be at the 300 and/or 400 level.
Program Requirements:
- All students in the program must complete a Professional Experience prior to graduation. A for-credit internship, if completed satisfactorily, will fulfill the work experience component of the Professional Experience. All students must complete the Professional Experience required workshops. For more information please visit the Professional Experience website.
- In addition to fulfilling the basic requirements for the Bachelor or Science degree in Business Administration students must attain at least a grade of "C-" or better in the Required Concentration Credits, Elective Concentration Credits, and Major Elective Credits in order to count towards graduation.
- Students interested in the field of Financial Planning and/or who want to sit for the CFP™ Certification Exam should take the following elective courses: BAFN 340, BAFN 479, BAAC 320 and BAAC 325.
- Students interested in the field of investments and/or who want to prepare for the CFA® exam should take the following courses as their Elective Concentration Credits: BAFN 479, BAFN 478, and BAAC 320.
- Students interested in the field of corporate financial management and/or who want to prepare for the CFM exam should take the following courses as their Elective Concentration Credits: BAAC 320, BAAC 323 and BAFN 479.
- Students interested in the field of banking should take the following courses as their Elective Concentration Credits: BAFN 473, BAFN 479 and one other course from the list of Elective Concentration Credits.
- BAFN 495 Special Topics or any Executive Professor class may be substituted for a finance elective with the approval of the Chair of the Department of Finance.
Coursework completed by a student within the preceding 10 years may apply as credit toward a bachelor's degree. Coursework taken before the 10-year limit may be reviewed by the school director and college dean to determine its appropriateness to the major requirements.
Degree Requirements — 120 Credits
1. Liberal Arts Curriculum — 31 credits
To complete the degree in 120 credits as outlined, the program recommends the below LAC courses that also count toward the required major credits.
Any additional LAC coursework completed outside of the recommended list below may extend the length of the program of study.
Written Communication — 6 credits
The program recommends that you choose one of the following courses for Intermediate Communication:
BA 205 OR ENG 123
Either course will fulfill both a major requirement and the Liberal Arts Curriculum requirement.
See Written Communication courses
Mathematics — 3 credits
The program recommends that you take the following courses:
MATH 124 or STAT 150
Both courses are required for the major. Either one of them will fulfill the 3 credit hour math requirement in the Liberal Arts Curriculum.
See Mathematics courses
Arts & Humanities, History, Social & Behavioral Sciences, U.S. Multicultural Studies [MS], and International Studies [IS] — 15 credits
The program recommends the following courses in the Social & Behavioral Sciences category.
ECON 203 AND ECON 205
PSY 120 OR PSY 265 OR SOC 100
Both economics courses and one of the other three courses are required for the major. Any one of them can be used to fulfill the Liberal Arts Curriculum requirement of 3 credits in Social and Behavioral Sciences. A second one can be used to fulfill the requirement of an additional course (3 credits) in Arts & Humanities, History or Social and Behavioral Sciences.
See Arts & Humanities, History, and Social & Behavioral Sciences courses
Natural & Physical Sciences — 7 credits
Select any courses to fulfill this requirement from the currently approved LAC course list.
See Natural & Physical Sciences courses
See Liberal Arts Curriculum
2. Required Major — 88 credits
(Required Supporting Credits — 28 credits)
The following courses are required as part of the Business major, some of which will also count towards the Liberal Arts Curriculum.
(Business Core Credits — 30 credits)
Take all of the following courses:
BAMG 456 is the capstone course for Business majors and is designed to be taken in the student’s last semester.
(Wealth and Asset Management Concentration Credits — 21 credits)
Take all of the following courses:
(Elective Wealth and Asset Management Concentration Credits — 3 credits)
Select one course option from below.
(Elective Major Credits — 6 credits)
Take six (6) semester credit hours from BA 251 or BACS 200 or BACS 287 or any other 300/400 level business course not already counted in Business Core, Concentration or Concentration electives.
(BAAC 301 and BAFN 302 may not be used.)
| Any 300 or 400-level business electives (BA prefix) except for BAAC 301 and BAFN 302 | |
| or | |
| BA 251 | International BusinessLAB1LAIS | 3 |
| or | |
| BACS 200 | Web Design and Development for Small Business | 3 |
| or | |
| BACS 287 | Fundamentals of Programming | 3 |
3. University-Wide Credits — 1-13 credits*
*Note: Students must apply at least some of the recommended courses to both the liberal arts curriculum requirements and the major requirements to complete this degree program in 120 credit hours. Students who apply all of the recommended courses to the LAC will have up to 13 credits of university wide electives to apply to this degree depending on the number of credits applied to both the LAC and the major. See your advisor for details.