If you are interested in becoming a financial planner, getting an MBA degree with an emphasis in financial planning will help you advance in your career. The program focuses on teaching students how to help their clients manage their financial resources. Students learn about the techniques and products available to help others plan their investment strategies, insurance, estate and retirement planning and taxes. The advanced training received by students in these programs will help both companies and individuals plan their financial future. A prerequisite for this program is a bachelor’s degree.
An online MBA program involves business and financial planning classes as well as class projects. There are typically courses in retirement and elder care, financial planning fundamentals, insurance planning techniques and managing portfolios and investments. A course in managing portfolios and investments emphasizes managing the assets of a client by analyzing securities, creating a diverse portfolio, anticipating returns and evaluating the portfolio’s performance. With the increasing need for financial planners, more schools are adding online degree options. For full-time online students, the degree can be obtained in 15 months. However, many programs offer flexibility, allowing students to work at their own speed. California Lutheran University offers an online program. The program requires students to take courses in the core MBA curriculum, and several classes that deal with the financial industry. This school aims to have students that are well-prepared to take the Certified Financial Planner exam.
Job availability is not a concern for people with this degree. Most financial planners work in the insurance and finance industries. Less than 30 percent of financial planners are self-employed. The median salary for a financial planner is $69,000 a year, and the majority of salaries range from $46,000 to $119,000 a year. By 2018, the job growth in this field is expected to be more than 25 percent.