Minor in Financial Planning
Financial planning, by definition, deals with planning for the future. The financial planning minor at Illinois State allows students to help support their focused plan of study with a background in a field with strong potential employment opportunities.
Those with knowledge of financial planning will be equipped to understand the difference and complexity of investment options, and also make themselves more marketable to future employers.
Requirements
Completing the financial planning minor requires 18 hours required in Finance, Insurance and Law, and Accounting classes. For non-business majors the required hours, including prerequisites, totals up to 27 hours (21 hours of business and either 4 or 6 hours of economics). Required courses include:
- FIL 242: Investments prerequisites: FIL 190 or 240 (C or better) or FIL 220: Personal Investing (prerequisites: ECO 101/102 or ECO 105)
- ACC 233: Federal Income Taxation (ACC 131 with grade of C or better) or ACC 239: Income Tax Planning (ACC 131 C or better)
- FIL 250: Introduction to Risk and Insurance (junior standing required)
- FIL 342: Estate Planning (FIL 220 or 242, FIL 250, and ACC 233 or ACC 239)
- FIL 345: Retirement Planning and Employee Benefits (FIL 220 or 242; FIL 250)
- FIL 371: Financial Plan Development (FIL 342 and 345 are pre-requisites or co-requisites)
Please note: No more than 9 hours from major program of study may be applied to minor.
Minor Checklists