Money Matters | Consumer and Family Financial Services
Money is one of the most important topics for any family. It factors into most decisions families make, from small choices like what to buy at the grocery store to major decisions like when to retire. And yet, many people don’t like to talk about money. It’s easy for folks to ignore financial matters, but ignoring finances is a dangerous practice that can have long-term consequences.
Financial planners are adept at getting people thinking about their finances. They can help untangle the complicated world of finance, which is a major headache for many people. A knowledgeable financial planner will know about financial products and strategies that the average person may not understand. Harnessing all of that financial knowledge can help families get a grasp on their current financial situation and plan for a better future.
Be a Part of the Solution
If you are driven by a desire to help people sort out their money concerns, then you should consider a career in financial services. A good way to start is by pursuing a relevant college degree, such as the Bachelor of Arts in Consumer and Family Financial Services from the Forbes School of Business & Technology™ at Ashford University.
The curriculum for the Bachelor of Arts in Consumer and Family Financial Services covers broad topics that are applicable in many fields. Topics include ethics, business law, finance, accounting, statistics, and economics. These classes will help students become well-rounded individuals who are fluent in the business world.
Understanding that many financial planners work in small practices, the Bachelor of Arts in Consumer and Family Financial Services program also prepares students to operate a business. Students will learn how to market their services to attract clients, how to run a services-based organization, the legal ramifications of owning a business, and more.
But what really sets this degree program apart from other business degrees is its focus on personal finance. Students will gain knowledge on how to specifically serve individuals and families. For example, students will examine how federal tax laws impact individuals and partnerships. They will also learn how to look at financial analysis and risk management through the lens of a family dynamic, and they will become familiar with the tools families can use to manage their financial affairs.
A degree in Consumer and Family Financial Services is an excellent way to start moving toward a career in financial planning, but you will likely need to pursue additional licensures or credentials after you’ve earned your degree. It all depends on what you want to specialize in and which products you want to offer clients. For example, if you want to be able to trade stocks, you’ll need a securities license. Similarly, insurance products and most annuities require an insurance license. You will need to pursue additional coursework and testing from other institutions to obtain these licenses and certifications.
There are several other career paths besides financial planning that can begin with a degree in Consumer and Family Financial Services. Check out some of the other potential career options you can pursue. Whatever career path you choose, you will be helping people manage their complicated financial issues and, in the long run, you will be helping people prepare for a more secure future.
Written by Erik Siwak, Communications Manager for Bridgepoint Education
For more information about on-time completion rates, the median loan debt of students who completed this program, and other important information, please visit https://www.ashford.edu/pd/obacffs.