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University of Delaware - Alfred Lerner College of Business & Economics

By Lerner College December 16, 2019

With more and more employees becoming responsible for managing their own money before and after retirement, there is a growing population in need of financial planners to help them make important financial decisions. The University of Delaware’s Alfred Lerner College of Business and Economics equips students with financial planning skills, a skill that is currently and increasingly in high demand.

Students who enjoy working with others, problem solving and goal building will flourish in Lerner’s financial planning and wealth management program.

What is financial planning and wealth management?

Financial planning and wealth management is the process of identifying short-term and long-term financial goals of clients, examining the finances available and creating a balanced, strategic plan in order to achieve the goals in focus. In addition to looking at the needs of clients and creating a plan, financial planners and wealth managers aim to grow the finances of those they work with.

Is financial planning and wealth management a good career?

Students in this program have the chance to continue their education or start a full time position. With the skills that a bachelor’s degree in financial planning and wealth management program offers, students have the opportunity to go into various careers that tend to rank high in job satisfaction.

What is a CFP?

A Certified Financial Planner (CFP) is someone who holds professional certification and is formally recognized to be an individual who holds expertise in the topics of financial planning, taxes, insurance, estate planning and retirement. To become certified, one must take the CFP, but prior to that is required to complete a series of educational requirements.

The CFP board has accredited the Alfred Lerner College of Business and Economics’ financial planning and wealth management program which means that graduates of the program will have satisfied the educational requirements, becoming both eligible and prepared, to sit for the CFP exam immediately after graduation.

How much can you make with a financial planning and wealth management degree?

After graduating in 2018, 100% of Lerner’s financial planning and wealth management graduates were employed and earning a median starting salary of $52,714 or pursuing further education.

What companies are hiring financial planners and wealth managers?

While there are many options for financial planning and wealth management graduates, the top employers of Lerner’s accounting graduates include, but are not limited to:

  • JPMorgan Chase
  • CapTrust Financial Advisors
  • Bank of America
  • Morgan Stanley
  • Vanguard

What are some financial planning and wealth management degree job titles?

Job titles of recently graduated financial planning and wealth management majors from Lerner include:

  • Financial Advisor
  • Corporate Analyst
  • Wealth Manager
  • Security Operations Associate
  • Portfolio Management Assistant

Are financial planners in demand?

According to the United States Department of Labor, employment of financial advisors is projected to grow 7% from 2018 to 2028. This rate is faster than the average for all occupations.