FEB. 8, 2001

CONTACT: Mike Stepanovich, 661/664-2456, mstepanovich@csub.edu



CSUB Finance program earns accreditation


The finance program of the School of Business and Public Administration at California State University, Bakersfield has earned accreditation by the Certified Financial Planner Board of Standards.

Dean Henry Lowenstein said the board of examiners approved the bachelor of science degree in business administration with a concentration in finance as a registered program for a full three-year term.

"I am pleased that the finance program of the School of Business and Public Administration has received full accreditation by the Certified Financial Planner Board of Standards," Lowenstein said. "Currently, only 50 undergraduate and graduate programs nationwide are accredited by CFP. This is a high achievement and an important indicator of the quality of the school and its programs."

The Certified Financial Planner (CFP) designation is one of the most rigorous professional designations within the financial services industry, analogous to the CPA in the accounting field, Lowenstein said. To earn CFP certification, candidates must meet rigorous criteria in education, national examinations, work experience, and a code of ethics. University degree programs must meet similar high curriculum and quality standards. Robert Fletcher, professor of finance and chair of CSUB's Finance and Accounting Department, led the application and accreditation process.

The CFP program was developed as a direct response to the needs of the region's financial business community, Lowenstein said. Development of the program was sponsored and supported by Merrill Lynch and a board of advisors composed of local representatives of financial services companies.

CSUB is one of 13 CFP-accredited programs in California. CSU Chico, Fresno, and Fullerton and San Diego State University have earned accreditation, as well as the University of California, Berkeley, Davis, Irvine, Los Angeles, Riverside, Santa Barbara, and Santa Cruz, and Golden Gate University.

For more information about the finance program and the School of Business and Public Administration, call 661/664-2157.


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