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Finance Diploma in Financial Planning

Diploma Description

As millions of Baby Boomers reach retirement age, the need for certified financial planners to guide them will grow exponentially. In fact, in the decade spanning 2012–2022, overall employment in the field of financial planning is expected to grow by 27 percent.* As one of the leading finance certifications, the Certified Financial Planner (CFP)® designation is the recognized standard for establishing professional credibility within the field of financial planning. This diploma program is registered with the Certified Financial Planner Board of Standards, Inc. (CFP Board) as a CFP Board-Registered Program. As such, these courses satisfy the CFP Board’s education requirement, allowing an individual to sit for the Certified Financial Planner (CFP) Certification Examination.

The Diploma in Financial Planning provides practical training for the CFP Board education requirements in the nine major personal financial planning areas, which include general principles of financial planning, insurance planning and risk management, investment planning, income tax planning, retirement planning, estate planning, interpersonal communication, professional conduct and fiduciary responsibility, and financial plan development. This diploma, which is offered in person, covers all 72 domains required by the CFP Board within these nine areas to fulfill the educational requirements necessary to sit for the Certified Financial Planner Certification Examination.

The Diploma in Financial Planning is ideal for professionals and college graduates who want to pursue a career in financial planning; for those who work with financial planners, accountants, attorneys, real estate agents, stockbrokers, or insurance agents; and for individuals who are interested in learning about long-term, life-cycle financial planning.

All faculty members teaching in this diploma program are credentialed financial planning professionals. Course materials provide multiple opportunities for applying, integrating, and synthesizing topics learned throughout the program. Cases, exercises, and practice questions require that students build a foundation of knowledge and then apply it to “real-life” client scenarios.

The overall curriculum, textbooks, materials, and instruction provide an educational offering that prepares students with a strong foundation to practice financial planning and to be successful on the Certified Financial Planner Certification Examination.

*US Bureau of Labor Statistics

Work Product

As a student in this diploma program, you will have the opportunity to demonstrate your technical knowledge and practical training by developing a complex financial plan that addresses a “real-life” client scenario. To further strengthen the necessary skills of a financial planner in this industry, you will be required to exhibit your ability to communicate complex financial planning techniques in a clear, fair, and relevant manner during a simulated client presentation.

Job Skills

  • Knowledge of investment and insurance planning
  • Development of recommendations using time value of money concepts and financial planning software
  • Communication and presentation findings
  • Preparation of written financial and investment plans to clients
  • Knowledge of the current economic environment

 

Schedule and Format

  • Part-time
  • Classroom-based
  • Seven noncredit courses
  • On average, students take one course per semester, fall/spring/summer
  • The Diploma must be completed within three years

 

Course Materials

Course materials and online exams for FP 2 through FP 6 are required to be purchased from Dalton Education. The textbooks can be purchased from Dalton Education, or they can be purchased elsewhere.

The Diploma is awarded to students who successfully complete the seven required courses within three years.

For additional information, or if you have any questions, please contact the Division of Programs in Business at diploma.dpb@nyu.edu.

Must be completed within

3 years

You'll Walk Away With

  • Completion of the CFP Board educational requirements in the major personal financial planning areas necessary to sit for the Certified Financial Planner Certification Examination
  • Knowledge and understanding of all 72 domains mandated by the Certified Financial Planner Board of Standards, Inc. to attain CFP certification
  • Knowledge and understanding of professional practice standards and the ability to apply the CFP Board Financial Planning Practice Standards to the financial planning process
  • The ability to communicate complex financial planning techniques and to provide recommendations in a clear, fair, and relevant manner
  • The ability to apply and integrate the financial planning information to formulate a financial plan, and the skills to successfully communicate the financial plan results both orally and in writing

Program Curriculum

COURSES THAT GIVE YOU THE SKILLS AND TRAINING YOU NEED TO START YOUR NEW CAREER

Program Curriculum

COURSES THAT PROVIDE FOUNDATIONAL INFORMATION IN THE FIELD WITH OPTIONS TO SPECIALIZE IN AN AREA RELEVANT TO YOUR NEEDS

REQUIRED

All Courses Required

FP 1: Fundamentals of Financial Planning

 Learn the fundamentals of financial planning in this prerequisite for the other courses in the Diploma in Financial Planning.

4 sections

FP 2: Financial Planning Process and Insurance

Review basic financial planning principles, and become familiar with the concepts of risk management.

3 sections

FP 3: Investment Planning

Learn to assess a client’s risk-tolerance, tax situation, liquidity, and marketability requirements to identify appropriate investment vehicles.

2 sections

FP 4: Income Tax Planning

Gain an understanding of the tax code and income tax fundamentals.

2 sections

FP 5: Retirement Planning and Employee Benefits

Acquire an overview of personal and employee-sponsored retirement plans.

2 sections

FP 6: Estate Planning

Acquire the knowledge to recommend appropriate estate-planning techniques based upon an individual client’s constraints and objectives.

3 sections

FP 7: Financial Planning Capstone

Hone your skills for communicating your financial planning recommendations to clients in a clear, fair, and relevant manner.

2 sections

OPTIONAL

Complete 0

JobFocus: Financial Planning

Gain a better understanding of long-term career management topics in financial planning.

General Admission Requirements

  • Resume
  • Two references
  • Essay
  • A bachelor’s degree or four years of professional experience

  • A satisfactory scholastic average [a minimum grade-point average (GPA) of 2.5 (C+) on a 4.0 scale]

FP 1: Fundamentals of Financial Planning

 Learn the fundamentals of financial planning in this prerequisite for the other courses in the Diploma in Financial Planning.

4 sections

FP 2: Financial Planning Process and Insurance

Review basic financial planning principles, and become familiar with the concepts of risk management.

3 sections

FP 3: Investment Planning

Learn to assess a client’s risk-tolerance, tax situation, liquidity, and marketability requirements to identify appropriate investment vehicles.

2 sections

FP 4: Income Tax Planning

Gain an understanding of the tax code and income tax fundamentals.

2 sections

FP 5: Retirement Planning and Employee Benefits

Acquire an overview of personal and employee-sponsored retirement plans.

2 sections

FP 6: Estate Planning

Acquire the knowledge to recommend appropriate estate-planning techniques based upon an individual client’s constraints and objectives.

3 sections

FP 7: Financial Planning Capstone

Hone your skills for communicating your financial planning recommendations to clients in a clear, fair, and relevant manner.

2 sections

JobFocus: Financial Planning

Gain a better understanding of long-term career management topics in financial planning.