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Degree Programs

Financial Services Management AAS

66-67

This program prepares students for responsible positions within the personal, commercial, trust, or administrative functions of financial institutions or for positions in the sales, underwriting, or claims departments of insurance companies or agencies. High School Mathematics A or its equivalent is required.
Goals & Outcomes
Goal 1 To prepare the students to enter the field of financial services or transfer to a higher education institution.
  • Graduates seeking a job secure a position in the field of financial services within two years.
  • Graduates seeking further education transfer to a degree program in financial services management.
Goal 2 To prepare the students to interact effectively within a diverse business population.
  • Students will interact effectively within a diverse student population by completing collaborative projects.
  • The student will demonstrate an awareness of global economic, social, and environmental developments.
Goal 3 To prepare the student to communicate effectively.
  • Students will communicate appropriately with instructors and peers.
  • Students will visually and graphically communicate through presentations and/or projects.
Goal 4 To train students to solve problems specific to the financial services industry.
  • Students will demonstrate the use of computers as a problem solving tool.
Goal 5 To introduce students to a variety of international business scenarios.
  • Students will demonstrate an understanding of world-wide issues related to business.
Goal 6 To prepare student to successfully pass a licensing exam.
  • Students actually pass the exam.
Goal 7 To have students understand that business decisions are based on systematic processes such as accounting systems, MIS, and the economic way of thinking.
  • Students will be able to summarize, report, and interpret financial data.
  • Students will recognize the language of business.
  • Students will illustrate the ability to locate and analyze data.
  • Students will use the scientific method to solve business and economic problems.
Goal 8 To prepare students to demonstrate information literacy.
  • Students will use traditional and contemporary information technology.
  • Students will identify, access, and appropriately use authoritative sources of information.
First Semester
1.0
ED100 College Seminar
This course is an opportunity for students to develop the skills necessary to be successful in college. Students learn the importance of the faculty-student and advisor-advisee relationship, develop time management techniques, apply effective study skill techniques, recognize the implications of living in a diverse society, utilize college resources, and explore career and transfer requirements. Collaborative projects are included. Students matriculated in a degree program must take this course in their first term of study. See when this course is offered ...
3.0
AC115 Financial Accounting
This course is the first of a sequence that explores fundamental accounting principles, concepts, and practices as a basis for the preparation, understanding, and interpretation of accounting information. It covers the complete accounting cycle for service and merchandising businesses through the adjustment and closing of the books and the preparation of the income statement, the statement of owner equity, and the balance sheet. The details of accounting for cash, receivables, inventory, long-lived assets, and current liabilities are investigated. See when this course is offered ...
3.0
AC131 Business Law 1
This basic law course investigates the application of law to societal and business relationships through a study of the concept of commercial law and its sources, the law of contracts, the law of sales, and the law of negotiable instruments. Lecture, class discussion, and case study comprise the primary methods of instruction In the effort to develop awareness of the logic and application of the law. See when this course is offered ...
3.0
BM120 Prin of Marketing
This course emphasizes the basic practices, concepts, and activities involved in developing a successful marketing program. Topics include buyer behavior, market identification, product development, distribution, promotion, pricing, and the uncontrollable factors (economic, social, political, legal and technological) involved in the changing marketing environment of today. See when this course is offered ...
3.0
EN101 English 1:Composition
This course focuses on several kinds of writing-self-expressive, informative, and argumentative/persuasive, and others. A minimum of five essay compositions are required. The course emphasizes the composition of clear, correct, and effective prose required in a variety of professions and occupations.Prerequisites: The required developmental reading (DS051 Essential Reading & Study Skills, or DS080 Study Reading), or SL115 ESL4: Advanced Reading, and/or writing courses (EN099 Introduction to College English or SL116 ESL4: Advanced Composition) or permission of the instructor or designee. See when this course is offered ...
3.0
BM129 Business Math
This course reviews basic arithmetic processes to develop speed and accuracy in working with decimals, fractions, and percentages. Calculators are used to solve business problems, including simple and compound interest, discounting promissory notes, present value, installment purchases, and mortgages. Retail mathematics covers the areas of purchase and cash discounts, trade discounts, and markup of merchandise. Topics may also include the mathematics of sales and property taxes and payroll. Problem-solving exercises are completed through applications and exercises. Prerequisite: An appropriate Mathematics Placement test result or MA045 Basic Math Skills or MA050 Introductory Mathematics. See when this course is offered ...
.5 cr
PE Physical Education
A wide variety of credit courses including but not limited to swimming, fitness center, badminton, tennis, golf, bowling and aerobic dance. See when this course is offered ...
Second Semester
3.0
AC116 Managerial Accounting
This course is the second of a sequence that explores fundamental accounting principles, concepts, and practices as a basis for the preparation, understanding, and interpretation of accounting information. It covers corporate equity (including the statement of retained earnings), long-term debt, time-value concepts, capital budgeting, cost-volume-profit analysis, and financial statement analysis. Prerequisite: AC115 Financial Accounting. See when this course is offered ...
3.0
IS101 Computer Apps & Concepts 1
This course provides knowledge of relevant computer skills and a solid foundation in the terminology and concepts of computer technology. Experience is provided with a variety of microcomputer software applications, including word processing, electronic spreadsheets, graphics, file management, and integrated software. Concepts and terms focus on preparing for a technologically oriented society and using the computer as a tool for productivity, research, and communication. See when this course is offered ...
3.0
BM115 Prin of Macroeconomics
This course studies the theory and operation of the economy and how government attempts to achieve domestic and international economic goals using monetary and fiscal policies. Topics include are: the nature of economics, the economizing problem, capitalism and the circular-flow, overview of the public sector, measuring output and income, macroeconomic instability, aggregate demand and supply, Keynesian employment theory, fiscal policy and its applications, money, banking, and monetary policy applications, and international trade and finance. See when this course is offered ...
3.0
EN102 English 2:Idea&Values Lit
This course encourages a deeper understanding of human nature and the human condition through the study of ideas and values expressed in imaginative literature. Emphasis is placed on the use and development of critical thinking and language skills. Library-oriented research is required. Prerequisite: EN101 English 1: Composition or EN106 English 1: Composition and Reading. See when this course is offered ...
Core GE Mathematics
.5 cr
PE Physical Education
A wide variety of credit courses including but not limited to swimming, fitness center, badminton, tennis, golf, bowling and aerobic dance. See when this course is offered ...
Third Semester
4.0
BM240 Personal Lines Insurance
This course explores the major forms of Personal Lines insurance through policy and statute analysis. It covers basic insurance concepts along with dwelling, homeowner, flood, personal automobile, and personal umbrella policies. This course also details New York State’s agent/broker licensing laws and business practices. Subject to attendance requirements, this course meets the 40-hour educational requirement for the New York Personal Lines Agent/Broker examinations (Series 10-54). See when this course is offered ...
3.0
BM230 Money & Banking
This course examines the functions of money and credit and their roles in the economy through the variety of financial intermediaries or financial institutions. Topics include the determination of interest rates; the role, functions and forces that shape and change financial institutions; the operation of the money, capital and debt markets; and the role and functions of the Federal Reserve in the financial system. Prerequisites: AC115 Financial Accounting and BM115 Principles of Macroeconomics. See when this course is offered ...
3.0
AC230 Financial Management
This course develops the role of the finance function and financial decision-making as it relates to the entire business organization. It stresses the financial planning of the requirements for funds, the effective acquisition of these funds (from internal sources and from capital markets), and the control of the use of these funds within the business. Prerequisite: AC116 Managerial Accounting. See when this course is offered ...
OR
3.0
BM108 Personal Finance
This course teaches the fundamentals of personal finance through the creation of a financial plan, management of personal finances, and reaching personal financial goals. Topics include the establishment of financial objectives (home ownership, education, and retirement), budgeting and savings, personal income tax, investments (stocks, bonds, and mutual funds), retirement, and estate planning. The effective use of and management of credit is covered. See when this course is offered ...
3.0
BM110 Prin of Microeconomics
This course studies the behavior of the individual and firm in allocating resources in a market system under various the degrees of competition. Topics include the nature of economics, scarcity choice, market pricing and applications, theory of consumer choice, business cost measurement, forms of competition, antitrust and regulations of business, factor pricing, externalities, and pollution. Poverty-income distribution, labor economics, or agricultural economics may also be discussed. See when this course is offered ...
3.0
IS200 Spreadsht Concpts & Apps
This course expands the knowledge of those already familiar with the basic elements of electronic spreadsheets. It examines the various uses for a spreadsheet in business. Intermediate and advanced spreadsheet techniques are examined, including the power of functions, formatting, analytical graphics, and macros. Prerequisites: IS101 Computer Applications & Concepts 1 or IS100 Introduction to Computer Applications & Concepts; and a Mathematics Placement test result appropriate for MA110 Elementary Statistics or MA115 Intermediate Mathematics, or completion of MA045 Basic Math Skills or MA050 Introductory Mathematics. See when this course is offered ...
.5 cr
PE Physical Education
A wide variety of credit courses including but not limited to swimming, fitness center, badminton, tennis, golf, bowling and aerobic dance. See when this course is offered ...
Fourth Semester
4.0
BM243 Commercial Insurance
This course explores the major forms of Commercial insurance through policy and statute analysis. It covers basic insurance concepts along with commercial property, commercial general liability, commercial automobile, commercial crime, inland marine, and workers compensation insurance. This course also details New York State’s agent/broker licensing laws and business practices. Subject to attendance requirements, this course completed in addition to BM240 Personal Lines Insurance, meets the 90-hour educational requirement for the New York Property and Casualty Insurance Agent (Series 10-55) and Broker (Series 10-56) examinations. Prerequisite: BM240 Personal Lines Insurance. See when this course is offered ...
3.0
BM250 Prin Management
This course develops an understanding of the basic functions of management as well as the social and economic responsibilities of those people engaged in management. Emphasis is placed on the problem of decision-making under conditions of uncertainty. See when this course is offered ...
3
Core GE Social Science
Excluding BM101 Survey of Economics
.5 cr
PE Physical Education
A wide variety of credit courses including but not limited to swimming, fitness center, badminton, tennis, golf, bowling and aerobic dance. See when this course is offered ...
4
Core GE Natural Science
3
Business Elective
Any AC, BM, or IS course other than those already required in the program EXCEPT: AC110, BM100, BM101, or IS100. BM294 Business Internship substitutes for two business electives.


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