Dual Degree Programs:
Mission and Vision – The mission of the Department of Personal Financial Planning is to educate students to the highest standards of excellence; foster intellectual, ethical, and personal development; and generate the highest quality of meaningful research.
The department will excel as the national leader in higher education in personal financial planning, manifesting excellence, inspiring confidence, and engaging the financial planning profession and society at large.
The Department of Personal Financial Planning will do the following:
Undergraduate and graduate degree programs in personal financial planning are registered by Certified Financial Planner Board of Standards, Inc. (CFP Board). The term CFP® identifies a financial planning professional who has met educational standards, passed the CFP® Certification Examination, satisfied a work experience requirement, and agreed to the CFP Board's Code of Ethics and Professional Responsibility. The terms CFP® and Certified Financial Planner™ represent the most respected professional certification in the financial services industry.
Bachelor of Science in Personal Financial Planning – Students majoring in personal financial planning are prepared for careers in financial planning in private practice, financial institutions, and governmental and social agencies. The program features extensive coursework in financial planning in addition to courses in business, accounting, economics, and communications. Students will develop a background for graduate study and for certifications as financial planners and counselors.
Students studying personal financial planning must earn a C or better in all support and major course requirements and maintain a 2.8 or better GPA to enroll in upper-division classes. The program also requires a paid residency in the financial planning/services industry, typically completed the summer prior to the senior year.
Accelerated Bachelor's-to-Master's Degree Program – The accelerated bachelor's-to-master's degree program allows academically capable students to accelerate their undergraduate degree programs, begin graduate work in their fourth year, and finish both the bachelor's and master's degrees in a total of approximately five years. This is accomplished by allowing 9 hours of graduate coursework in personal financial planning to count towards the undergraduate degree and the master's degree. Both degrees are granted upon completion of the entire accelerated degree.
Minors – Two minors are available within the Department of Personal Financial Planning.
A student may minor in personal financial planning (PFP) by completing a minimum of
28 hours to satisfy the education requirements set by the CFP® Board of Standards. A student who is not interested in meeting the CFP Board education
requirement but wants to work in an affiliated profession may minor in studies in
personal finance (SPF) by completing a minimum of 18 hours from selected courses.
Some of the minor is offered online only.
The Department of Personal Financial Planning supervises degree programs leading to the Master of Science degree in Personal Financial Planning and the Doctor of Philosophy degree in Personal Financial Planning.
M.S. students must earn a C or better in all courses unless otherwise noted. Students
must average a 3.00 GPA in order to maintain good standing with the Graduate School
and to graduate. Only 6 hours of PFP courses can be transferred into the M.S. degree
from another university. Ph.D. students are required to earn a B or better in all
courses counted toward their degree.
Non-Thesis Master's – The non-thesis master's degree in personal financial planning requires a minimum of 42 hours. Appropriate leveling coursework may be required. Executive delivery of the M.S. PFP program is offered to meet the needs of practicing financial services professionals. It is a hybrid program with students spending four weeks on campus over a period of two and a half years.
Dual Degree – Personal Financial Planning offers one dual degree, Law/Personal Financial Planning, J.D.–M.S.
The doctoral degree requires a minimum of 78 semester hours of graduate work beyond
the bachelor's degree, exclusive of credit for the dissertation. Students develop
their courses of study in consultation with a graduate advisory committee. Following
the completion of all coursework, a qualifying examination for admission to candidacy
for the Ph.D. degree will be conducted in accordance with the requirements of the
Charitable Financial Planning – The Graduate Certificate in Charitable Financial Planning is intended for those who wish to develop a specialty in the area of planned giving, including complex techniques involving private foundations, charitable remainder trusts, charitable lead trusts, donor advised funds, life insurance, and remainder interests. Students also will review and discuss the latest academic research on charitable giving motivations and fundraising strategies. The certificate requires completion of four courses: PFP 5325, 5326, 5327, and 5398.
Personal Financial Planning – The Graduate Certificate in Personal Financial Planning is designed to meet the educational requirement for the Certified Financial Planner™ Certification designation. A minimum of 18 hours must be completed in the areas of financial planning, asset management, insurance and risk management, retirement, tax, client communications, and estate planning for the certificate from Texas Tech.
For students with no previous coursework in these areas, 28 hours may be required
to meet the educational requirements of CFP Board to sit for the CFP® Certification Examination.
Applicants should view www.depts.ttu.edu/pfp/graduate/ms_program.php or contact the department concerning admission requirements, program of study, and financial assistance. Admission to a graduate degree program is a two-part process requiring the recommendation of both the department and the Graduate School.
Vickie Hampton, Ph.D., Chairperson
Professors: Finke, Hampton, James
Associate Professors: Gilliam, Gustafson, Huston, Kalenkoski, Katz, Lauderdale, Salter
Assistant Professors: Browning, Mulholland
Professor of Practice: Evensky