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
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.