Key career takeaways

  • Salary of A$2,231* average median weekly pay
  • Very strong future growth expected over the next 5 years with approximately 4,800 new job openings per year
  • Low industry unemployment rate

If you’re looking to work in the finance industry, or interested in pursuing a career where knowledge of debt and risk management, wealth creation, superannuation and estate planning are integral to the role, then consider this profession.

*Data sourced from JobOutlook.gov.au

What it takes to become a financial planner

Strong analytical and interpersonal skills are required. Solid ethics are also a must, given the responsibilities involved.

Financial planners and advisers in Australia need to meet the minimum standards set by the Australian government. This includes an approved Bachelor degree or higher, a professional year of supervised experience, and an exam set by the Financial Adviser Standards and Ethics Authority (FASEA).

1. Complete a Financial Adviser Standards and Ethics Authority (FASEA) approved Bachelor degree or equivalent

Swinburne offers a number of financial planning courses to get you on your way. We recommend taking up a Bachelor of Business with a major in Accounting and Financial Planning. This is approved by FASEA and also accredited by CPA Australia, Chartered Accountants Australia and New Zealand (CAANZ) and the Financial Planning Education Council (FPEC). 

Other options include the Graduate Diploma of Financial Planning or the Master of Financial Planning – it all depends on your knowledge and experience. Check where you’re at here.

These courses will give you the tools you need to provide tailored, professional financial advice.  You’ll cover a range of study areas, including both commercial and personal accounting, along with the theoretical components of business, finance and commerce law.

Do I meet the legal requirements?

As of 1 January 2019, the Corporations Amendment (Professional Standards of Financial Advisers) Act 2017 requires new financial advisers to complete a bachelor or higher degree (or equivalent qualification).

Those who don’t qualify for the above bachelor degrees can pathway through to them via the Diploma of Business.

2. Source employment opportunities

Like for most industries, gaining practical work experience is key.  Swinburne grads are highly sought after in the marketplace, so you’ll be in a good position to get a job. In fact, according to a recent survey, on average Swinburne grads earn A$3000 more than those from other universities. 

3. Maintain knowledge and accreditation

As a financial planner, it's important to keep up to date on the latest industry news, trends and statistics. This will ensure you continually provide best-practice advice to your clients and informed of any regulatory changes related to the profession.

Already degree qualified but missing the ethics component?

Stay compliant with the Financial Adviser Standards and Ethics Authority (FASEA) guidelines by completing the relevant FASEA approved bridging short course, such as Ethics for Professional Advisors.

Interested in our Financial Planning courses?

Discover the range of financial planning courses on offer here at Swinburne.
 

View courses