Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Ph.D in Financial Planning
Old 11-20-2006, 03:36 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,884
Ph.D in Financial Planning

This time, all eyes are on Texas Tech University.

Program directors of colleges and universities with financial planning degree programs will be watching the state university in Lubbock closely as it prepares to become the first school in the country to offer a Ph.D. program in financial planning next year.



http://www.investmentnews.com/articl...rticleId=56343
__________________

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Ph.D in Financial Planning
Old 11-20-2006, 04:55 PM   #2
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 352
Re: Ph.D in Financial Planning

What's next? A Ph.D in sheep shearing? Or fortune telling?
__________________

__________________
windsurf is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-20-2006, 05:18 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: Ph.D in Financial Planning

Pot head Doctorate...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-20-2006, 05:23 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,413
Re: Ph.D in Financial Planning

i got a phd. pretty huge di%k

__________________
mathjak107 is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-20-2006, 05:27 PM   #5
Full time employment: Posting here.
CCdaCE's Avatar
 
Join Date: Apr 2006
Posts: 887
Re: Ph.D in Financial Planning

Financial Planning Class 501: Indexing
502: Costs Matter....



-CC
__________________
"There's those thinkin' more or less, less is more, but if less is more, how you keepin' score?
It means for every point you make, your level drops. Kinda like you're startin' from the top..." "Society" - Eddie Vedder
CCdaCE is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-20-2006, 06:53 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Posts: 1,487
Re: Ph.D in Financial Planning

bs -- self explanatory
ms -- more of same
phd -- piled higher and deeper
__________________
d is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-20-2006, 08:25 PM   #7
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 325
Re: Ph.D in Financial Planning

Ironic: If it requires a doctorate, by definition you have missed the required premise on how to run your affairs within the bounds of simplicity and common sense. Kinda like the Heisenberg uncertainty principle as it applies to financial planning. I would expect some folks put way to much energy into an equation that merely requires a few sound decisions and then disciplined patience to allow the result. 8)

And for you physics buffs, here is the home version without the cyclotron:

http://plato.stanford.edu/entries/qt-uncertainty/

__________________
"TEMPUS FUGIT"
LEX is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-20-2006, 08:53 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,625
Re: Ph.D in Financial Planning

To me a PhD is more about independent research. So you can do the course work for a CFP designation in about a year or so. That's typical of course work for a science PhD, too. Then you do your independent research. Where do you think those Fama & French research articles come from? What about the Black-Scholes equation? How about the Sharpe ratio?

In the end, I guess obtaining a PhD in FP may only help you get a job as an assistant professor somewhere.
__________________
LOL! is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-21-2006, 08:41 AM   #9
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: Ph.D in Financial Planning

I think too many of you are confusing this with a PhD in Finance which it is not. Almost all areas of study have PhD level issues and topics. I can assure you that as a CPA and having worked with some Accounting PhDs that there is little common between regular GAAP and the research that takes place in Accounting PhD programs.

Financial planning does have some very technical and complex issues. This becomes even more true when you are dealing with ultra high net worth situations. I'm guessing that this program leans more toward a focus of the law than on pure financial issues.

Just a hunch

__________________
saluki9 is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-21-2006, 08:48 AM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Re: Ph.D in Financial Planning

Quote:
Originally Posted by saluki9
I think too many of you are confusing this with a PhD in Finance which it is not. Almost all areas of study have PhD level issues and topics. I can assure you that as a CPA and having worked with some Accounting PhDs that there is little common between regular GAAP and the research that takes place in Accounting PhD programs.

Financial planning does have some very technical and complex issues. This becomes even more true when you are dealing with ultra high net worth situations. I'm guessing that this program leans more toward a focus of the law than on pure financial issues.

Just a hunch

Agree.......wonder ho many current CFP's will take the plunge, or if it's going to be more grad students

I think if you got an MBA from University of Chicago, Kellogg, Tuft, Harvard, or one of those places you could migrate here instead of the PHD in finance way........

I guess we'll wait and see..........but if the slant is on the ultra-complex worlds of ultra high net worth individuals, which is a growing area, it might have some value. It's hard to find folks that know how to work at private banks like Northern Trust, CHase, and BOA.........

__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-21-2006, 09:25 AM   #11
Recycles dryer sheets
 
Join Date: Sep 2006
Posts: 70
Re: Ph.D in Financial Planning

Quote:
Originally Posted by mathjak107
i got a phd. pretty huge di%k

Pretty huge dirk? Isn't that a Scottish dagger? I have a pretty big sword in my closet.
__________________
paradiseken is offline   Reply With Quote
Re: Ph.D in Financial Planning
Old 11-21-2006, 07:18 PM   #12
Thinks s/he gets paid by the post
saluki9's Avatar
 
Join Date: Feb 2005
Posts: 2,032
Re: Ph.D in Financial Planning

"It's hard to find folks that know how to work at private banks like Northern Trust, CHase, and BOA........."


It is? I uhhhhh know somebody (cough cough) who worked in "Wealth Management" ($25M+ NW) at one of the previously mentioned institutions.
__________________

__________________
saluki9 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Free Financial Planning? bongo2 FIRE and Money 11 05-01-2006 09:19 AM
Financial Planning on the Side bongo2 FIRE and Money 10 04-11-2006 09:32 AM
College financial aid planning farmerEd Other topics 38 05-05-2005 08:32 PM
Planning Financial Independence Skylark Young Dreamers 2 01-17-2004 05:33 AM
Vanguard Personal Financial Planning Services lauraf13 FIRE and Money 36 09-03-2003 12:13 PM

 

 
All times are GMT -6. The time now is 08:05 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.