May 1, 2008
Written by: Georgia Godfrey
As a Schwab Research Scholar, Doctoral student, Danielle Winchester will conduct research to identify necessary skills for entry-level financial planning positions.
The College of Human Sciences along with Charles Schwab Foundation announced Danielle Winchester, a doctoral student, as the inaugural Schwab Research Scholar.
The announcement builds on an already existing partnership in which the college will establish a new on-campus teaching facility that will be named the “Schwab Technology Complex.”
Both the research fellowship and the new technology complex are funded by a $1 million grant pledged to the Personal Financial Planning program by Charles Schwab Foundation on behalf of Schwab Institutional.
“The Personal Financial Planning program is the national leader in research and educating students for the financial planning community” said Linda Hoover, dean of the College of Human Sciences.
“With the support of Schwab, we will continue to provide the industry with qualified graduates.”
As the Schwab Research Scholar, Winchester will conduct a job analysis study that will identify what employers in the industry expect from the next generation entering the workforce.
The study will pinpoint topics employers expect financial planning majors to have studied, rank them by importance and examine competency levels in each topic. The national study is designed to help academic institutions develop curriculums that will more effectively educate students studying to enter the financial planning industry.
Winchester is expected to release the first set of findings in fall 2008.
“This study will serve to bridge the gap between the classroom and the real world. It will enable us to incorporate the knowledge and skills that today’s financial services firms demand in the classroom,” said Deena Katz, associate professor in the Personal Financial Planning Division.
Winchester is currently a doctoral student in the Personal Financial Planning Division. She earned both a Master of Arts in 2002 and a Bachelor of Science in international business from the University of North Carolina in 1996. From 2002 to 2007, she taught in the Department of Business Education at North Carolina Agricultural & Technical State University. Winchester is expected to complete her studies in 2009 and plans to return to North Carolina to teach at an institution of higher education.
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The division educates students on the need to focus financial knowledge on families and the achievement of their goals.
The New Schwab Technology Complex is part of a $1 million grant to the Personal Financial Planning Division.
The complex will contain the largest collection of professional software in any collegiate financial planning program in the United States.
The facility also will house a technology classroom, a technology work lab, and resource workspace that will be used by undergraduate and graduate students.