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 FPA Financial Planning Education Council (FPEC).
Options include the Graduate Diploma of Financial Planning or the Master of Financial Planning – it all depends on your knowledge and experience. Swinburne’s partnership with the Financial Planning Association of Australia (FPA), allows you to combine your Master of Financial Planning with the CFP® Certification Program. Complete the final CFP® Certification Unit as your elective choice and, on graduation, you’ll meet the educational requirements of the CFP® Certification Program. You can then apply for the CFP® designation once you’ve also met industry experience requirements.
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.
*Undergraduate courses are awaiting confirmation of reaccreditation from Financial Advisors Standards (FAS), formally FASEA – 1 Feb 2022