Give your career in financial planning a run for one’s money, and learn all the technical skills and knowledge required to become a financial planning guru. Studying everything from investments through to superannuation and tax, Financial Planning courses are ideal for students looking to pursue a career in the finance industry.
Potential subjects studied in Financial Planning courses include providing advice in securities, superannuation, derivatives, margin lending, life insurance and managed investments, developing financial planning strategies, conducting financial planning research and determining client requirements.
What do financial planning graduates do?
Day-to-day, financial planning course graduates may perform tasks like:
- Meeting with prospective clients to assess their financial status and goals and to discuss options;
- Preparing lists of financial options and investment strategies for prospective clients;
- Monitoring the performance of existing investments and reviewing or revising investment plans based on market fluctuations;
- Arranging the sale and purchase of stocks for clients;
- Preparing advice for clients on funding, investment strategies and earning distribution;
- Providing advice on superannuation compliance;
- Preparing financial, accounting and investment reports; and
- Preparing budgets, reports and forecasts and assisting clients with taxation information.
Depending on the size and nature of the business you advise, you may also liaise with other financial, banking, accounting and investment service providers on behalf of your clients.
After getting qualified you may choose to seek employment as a:
- Financial Broker
- Financial Planner
- Insurance Broker
- Credit Officer
- Insurance Investigator
- Financial Advisor
- Taxation Advisor
- Estate Planner
- Compliance Officer
- Payroll Manager
- Bank Officer
- Accounts Clerk
- Credit Manager
- Financial Dealer
- Mortgage Broker
- Credit Advisor
- Finance Manager
- Risk Analyst
- Equity Manager
- Investment Advisor
- Business Risk Manager
- Investment Trust Manager
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You’ll thrive in financial planning if you:
- Are level-headed and can make decisions
- Have excellent organisation and time management skills
- Are interest in finance and statistics
- Have good communication skills
- Have a head for new ideas
- Work well with details
- Think strategically and bolding
- Have an awareness of and interest in risk
Employment opportunities in financial planning have been growing steadily over the past decade, and the Australian Government’s Job Outlook predicts jobs will continue to grow strongly for the next decade. Financial planning is considered a large profession, with approximately 51,000 people in Australia employed in the sector, suggesting employment opportunities are available in most regions of Australia. Job Outlook notes that approximately 86 per cent of financial planners are employed in full-time positions.
According to PayScale, financial planners may earn between $49,000 and $99,000 per year, with an approximate average salary of $70,000. PayScale notes that experience is the single greatest factor affecting financial planners’ earning capacity, with people with approximately 15 years’ experience earning the highest wages. However, it reports that approximately three-quarters of the sector has less than 10 years’ experience.
- Financial Planning Australia
- Financial Counsellors Association