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Minnesota State University, Mankato
Minnesota State University, Mankato

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University's Financial Planning Programs Maintain CFP Board-Registered Status

Minnesota State Mankato is only institution in the state that offers both bachelor's and certificate financial planning programs that are CFP-Board registered.

Minnesota State University, Mankato Media Relations Office News Release, 4-6-2016

Mankato, Minn. – Minnesota State University, Mankato has maintained registration with Certified Financial Planner Board of Standards Inc. (CFP Board) to provide a Financial Planning Certificate Program and Bachelor of Science Degree, Financial Planning Track Program

The bachelor’s degree program is offered by Minnesota State Mankato’s Department of Finance, which is part of the University’s College of Business, while the financial planning certificate program is offered through the Center for Talent Development at the University.

An independent certifying organization, CFP Board owns the CFP® and CERTIFIED FINANCIAL PLANNER (TM) certification marks, which are awarded to individuals who meet CFB Board education, examination, experience, ethics and other requirements. Students completing the financial planning program at Minnesota State Mankato will have met the education requirement for CFP® Certification Examination administered by CFP Board.

“CFP Board is pleased to have an educational institution of the caliber of Minnesota State Mankato offering a CFP Board Registered Program,” said Richard P. Rojeck, CFP®, chair of CFP Board’s Board of Directors. “As student interest in financial planning as a career continues to grow, we anticipate that Minnesota State Mankato’s program will contribute significantly to the number of qualified candidates seeking to attain the CFP® certification, the standard of excellence for competent and ethical financial planning.”

Minnesota State Mankato’s pass rate for its Financial Planning Certificate Program in the past four years (2012-2015) was 77 percent (44 out of 57), compared to a national average of 65 percent. Minnesota State Mankato’s pass rate for its bachelor’s financial planning track program in the past four years was 67 percent (6 out of 9).

Minnesota State Mankato faculty member Leon (Yilin) Chen, an associate professor of finance and director of Minnesota State Mankato’s financial planning programs, said Minnesota State Mankato is the only institution in Minnesota that offers both undergraduate and certificate financial planning programs that are CFP-Board registered.

“Both are strong programs with excellent faculty resources and pass rates higher than the national average,” said Chen. “We also work closely with the local financial service industry and financial planning association that offer plenty of employment and networking opportunities for students.”

For more information about the programs, please contact Chen by phone at 507-389-5336 or by email at

Today, CFP Board partners with over 360 programs at more than 225 institutions. CFP Board-Registered Programs are financial planning education programs at the college or university level that meet specific criteria for educating individuals who wish to fulfill the education component for obtaining CFP® certification.

The mission of CFP Board is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER (TM), CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements. CFP Board currently authorizes more than 70,000 individuals to use these marks in the United States. For more about CFP Board, visit

Minnesota State Mankato, a comprehensive university with 15,193 students, is part of the Minnesota State Colleges & Universities system, which comprises 31 state institutions.

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