News From Terre Haute, Indiana

May 5, 2013

ISU set to offer financial planning program in 2014

Austin Arceo
The Tribune-Star

TERRE HAUTE — When Indiana State University junior Jennifer Groth began scheduling classes last semester, she planned them out by thinking of an academic program the university does not yet offer.

Groth will be one of the inaugural students in the financial planning program that ISU will begin to offer in spring 2014. ISU’s Scott College of Business will offer the program as a concentration within the finance major. The CFP Board, a nonprofit organization that sets the requirements for Certified Financial Planner certification, approved ISU’s proposed curriculum for the program.

“The CFP program is appealing to me because I want to do financial advising for a living,” said Groth, a finance major from Terre Haute. “This major will complement what I want to do.”

Graduates of the new program will have fulfilled the CFP Board’s educational requirements for certification, said Sharon L. Robinson, finance instructor in the Scott College who helped create the new program at Indiana State.

The board’s additional certification requirements include an examination, several years of work experience, and recognizing and understanding the ethics required in personal financial planning, Robinson said.

The financial planning program will provide business students the option to learn more about personal financial planning, Robinson said. The current finance major curriculum is tailored to investment analysis, which is for larger businesses or portfolio management, she said.

Only two new courses needed to be created for the planner program to be added to the finance major. The Scott College of Business already had most of the classes needed to fulfill the CFP Board requirements.

“Planners also have a very broad base, so it’s comprehensive by nature,” said Robinson, who also is a Certified Financial Planner. “That means that we can advise an individual in all areas of their financial life, from as basic as budgeting to retirement, estate planning, insurance or investment planning. It’s integrative, and we work all of those areas together.”

Because ISU already offers most of the classes, several students have already started taking courses with the plan to graduate with the new concentration.

“This is a great major to consider,” Groth said. “It is an amazing opportunity for the (Scott) College to add such an amazing major to their list of ones they offer.”