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Undergraduate Catalog 2024-2025

Business Administration B.S. – Wealth and Asset Management Concentration

Program Overview

Kenneth W. Monfort College of Business

Contact: Michael Martin, Ph.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:

  1. Liberal Arts Curriculum (LAC) Credits
  2. Required Major Credits
  3. 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 CFPCertification 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.

BA 205Business CommunicationsLAW2

3

or

ENG 123Writing and Research MethodsLAW2

3

BACS 101Business Computing

3

BAMG 125Taking Care of Business

3

COMM 100Basics of Public Speaking

3

ECON 203Principles of MacroeconomicsLAB1

3

ECON 205Principles of MicroeconomicsLAB1

3

MATH 124College AlgebraLAX1

4

PSY 120Principles of PsychologyLAB3

3

or

PSY 265Social PsychologyLAB3

3

or

SOC 100Principles of SociologyLAB3

3

STAT 150Introduction to Statistical AnalysisLAX1

3

(Business Core Credits — 30 credits)

Take all of the following courses:

BAAC 220Principles of Accounting I

3

BAAC 221Principles of Accounting II

3

BAFN 231Legal Environment of Business

3

BAFN 240Introduction to Personal Financial Planning

3

BACS 300Information Systems

3

BAMG 350Management and Organizational Behavior

3

BAMK 360Marketing

3

BAFN 370Business Finance

3

BAMG 390Analytics of Operations Management

3

BAMG 456Strategic Management

3

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:

BAFN 371Financial Markets and Institutions

3

BAFN 375Multinational Financial Management

3

BAFN 379Investments

3

BAFN 470Financial Management

3

BAFN 474Case Problems in Financial Management

3

BAFN 478Student and Foundation Fund

3

BAFN 479Portfolio Management

3

(Elective Wealth and Asset Management Concentration Credits — 3 credits)

Select one course option from below.

BAAC 320Intermediate Accounting I

3

BAFN 372Introduction to Real Estate

3

BAFN 495Special Topics in Finance

1- 3

(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 251International BusinessLAB1LAIS

3

or

BACS 200Web Design and Development for Small Business

3

or

BACS 287Fundamentals 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.

Four Year Plan

This four year plan is a recommended schedule to complete this bachelor's degree in 4 years. Courses are subject to availability. Students must consult with their major advisor to receive information on any additional graduation requirements and course sequence guidance.

Year 1 – 31 credits

Fall Semester

BAMG 125Taking Care of Business

3

BACS 101Business Computing

3

ENG 122College CompositionLAW1

3

MATH 124College AlgebraLAX1

4

LAC Arts and HumanitiesLAA1LAA2LAA3LAA4

3

Total Credit Hours:16

Spring Semester

BA 205Business CommunicationsLAW2

3

or

ENG 123Writing and Research MethodsLAW2

3

ECON 205Principles of MicroeconomicsLAB1

3

LAC HistoryLAH1

3

LAC Natural and Physical Sciences without LabLAS1

3

University-Wide Elective

3

Total Credit Hours:15

Year 2 – 31 credits

Fall Semester

BAAC 220Principles of Accounting I

3

BAFN 240Introduction to Personal Financial Planning

3

ECON 203Principles of MacroeconomicsLAB1

3

PSY 120Principles of PsychologyLAB3

3

or

PSY 265Social PsychologyLAB3

3

or

SOC 100Principles of SociologyLAB3

3

LAC Arts and HumanitiesLAA1LAA2LAA3LAA4

3

Total Credit Hours:15

Spring Semester

BAAC 221Principles of Accounting II

3

BAFN 231Legal Environment of Business

3

COMM 100Basics of Public Speaking

3

STAT 150Introduction to Statistical AnalysisLAX1

3

LAC Natural and Physical Sciences with LabLAS1LASL

4

Total Credit Hours:16

Year 3 – 30 credits

Fall Semester

BAMG 350Management and Organizational Behavior

3

BAMK 360Marketing

3

BACS 300Information Systems

3

BAFN 370Business Finance

3

BAFN 371Financial Markets and Institutions

3

Total Credit Hours:15

Spring Semester

BAFN 470Financial Management

3

BAFN 379Investments

3

BAMG 390Analytics of Operations Management

3

Concentration Elective

3

Major Elective

3

Total Credit Hours:15

Year 4 – 28 credits

Fall Semester

BAFN 375Multinational Financial Management

3

BAFN 474Case Problems in Financial Management

3

BAFN 478Student and Foundation Fund

3

University-Wide Elective

3

University-Wide Elective

3

Total Credit Hours:15

Spring Semester

BAMG 456Strategic Management

3

BAFN 479Portfolio Management

3

Major Elective

3

University-Wide Elective

1

University-Wide Elective

3

Total Credit Hours:13

Advising Notes –

  • Students must be a declared business majors and junior status to enroll in the Wealth and Asset Management Concentration courses.
  • Some of the upper level Wealth and Asset Management Concentration courses are offered in only one semester each year. Meet with your advisor each semester to make certain you are on schedule.
  • Students must meet course prerequisites as stated in the current UNC catalog. Be sure to check each semester to make sure you meet the prerequisite requirements

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