2019-20 Catalogs

Minor in Financial Planning

The minor in Financial Planning is open to all majors. The minor in Financial Planning courses emphasize topics in financial management and investments, personal financial planning, risk management and insurance, employee benefits, tax planning, and related fields. Students learn a blend of theoretical and practical concepts and apply this knowledge to real-world settings. The program develops analytical and critical thinking skills that will aid students throughout their chosen careers.

Required Prerequisite Core (13 credit hours)*
     ACC 110 Financial Accounting Information for Decision Making (C- or higher)
     ECO 101 Introduction to Macroeconomics
     FIN 320 Basic Financial Management (C or higher)
     MAT 120 Introduction to Statistics (C- or higher) or MAT 210 Business Statistics (C- or higher)
*Required Non-Finance Core may be satisfied with two semesters of calculus or a technical degree such as engineering, computer science, physics, or related field from a regionally accredited institution.  Waiver of non-finance core courses is done on a case by case basis.

Required Financial Planning Courses (15 credit hours)
     ACC 413 Concepts and Strategies of Taxation
     FIN 321 Personal Financial Planning
     FIN 327 Investment Management    
     RMI 320 Introduction to Risk Management and Insurance
     RMI 330 Health, Life, and Disability Insurance

Students who wish to pursue the minor must complete a declaration form available online or from the Registrar's Office.

The minor in financial planning (15 credits plus up to 12 credits required prerequisite core) is available to all majors. The requirements for admission to the minor are completion of at least 12 credits at USM and a grade point average of 2.33 or higher. A student may transfer into the minor up to 3 credit hours of acceptable courses. To complete the minor, students must have a grade point average of at least 2.5 in the minor courses. Minimum grades may be required as prerequisite to other minor courses. Check course description for details.