Diploma of Finance and Mortgage Broking Management

Diploma of Finance and Mortgage Broking Management - FNS50322

VOCATIONAL

Gain the skills you need to thrive in this growing field. 

Student type:
Learning mode:
On campus
Entry score:

Not applicable

Duration:
Full-time 1 year
Fees:

Fee finder

Next intake:
February, July
Location:
Melbourne City
Learning mode:
On campus
Entry score:

Not applicable

Duration:
Not applicable
Fees:

Not applicable

Next intake:
Not applicable
Location:
Not applicable

Overview

Delve into the world of finance with the Diploma of Finance and Mortgage Broking Management.

In this flexible diploma designed for students already in the workforce, you will explore the essentials of finance broking with studies across compliance, ethics, complex lending, loan applications, and risk and practice management. You will also explore contemporary finance research methods to support your learning.

Whether you are new to studies in finance broking or seeking to expand on previous certificate-level studies, you will gain theoretical knowledge and learn to apply it as you build the practical skills needed to launch your career in finance broking. You will also learn using industry standard software and templates, ensuring that upon completion of your studies, you will be ready to hit the ground running.

Why finance and mortgage broking at RMIT?

Supportive environment

Ask questions and receive timely support from experienced and approachable teachers with industry experience and connections.

Flexible learning

Study without interrupting your career with our evening live online classes and face-to-face workshops to support your learning.

Purpose-built facilities

Familiarise yourself with industry-standard software and equipment in our Practice Firm, designed to mirror a real-world practice.

Please note: this diploma is not available for international students intending to study on a student visa. If you are holding a temporary visa (other than a student visa) and your visa has a full study entitlement, you may be eligible to apply. For more information, see the international students with other temporary (non-student) visas.

Details

Learning and teaching

Designed with working professionals in mind, your live online classes and on-campus workshops are all held in the evenings. Live online classes are all recorded so you can view them later.

You will benefit from small class sizes with hands-on teachers readily available to answer questions and offer support.

Our on-campus workshops provide opportunities for collaborative work, allowing you to interact with your peers and facilitators alike. They are conducted in our purpose-built Practice Firm rooms, and provide a great environment for learning to use industry-specific software and practicing your client interactions and other role plays.

Your live online classes and face-to-face workshops will be supported by carefully curated pre- and post-class online activities, as well as self-directed research, online collaboration with peers, and engagement with a range of industry guests.

Assessment methods

As a student in this diploma, you will be assessed on structured activities that allow you to learn, apply and demonstrate vocational competency. 

The assessment for this diploma is designed to simulate the workplace, allowing you to demonstrate your skills and knowledge using authentic tasks. Assessment may take the form of verbal or written questions, multimedia presentations (individually or in groups), live demonstrations, portfolios, case studies, simulated projects, role-play activities, supervised and timed tasks, according to the requirements of each unit.

Learning at RMIT

The types of classes you have will depend on the course you’re studying. Classes are offered in various formats designed to provide meaningful engagement with staff, industry and peers and provide for access and use of spaces where learning can be applied and active, including an array of specialised equipment.

Most RMIT courses do not include passive large-scale classes such as lectures, instead the content traditionally provided in lectures is made available online. This may be in the form of readings, videos or other on-demand learning materials. This content will also support the basis of interactive learning that takes place in on-campus classes.

RMIT University is committed to providing you with an education that strongly links formal learning with professional or vocational practice.

We regularly invite industry practitioners and guest speakers to share their wealth of experience and provide you with a contemporary, expert perspective on a range of issues relating to finance broking.

Our Financial Services Industry Advisory Committee includes representatives of peak professional bodies, including The Finance Brokers Association of Australia (FBAA) and Mortgage and Finance Association of Australia (MFAA) as well as high-profile industry practitioners from a broad cross-section of small and large organisations.

While this diploma doesn't have a formalised work placement, you will undertake various Work Integrated Learning (WIL) activities in a virtual or simulated work environment in the RMIT Practice Firm.

The knowledge and skills you will acquire throughout this certificate and how they can be applied in your career are described in the learning outcomes.

All live online classes and face-to-face workshops in this diploma are held on weekday evenings. 

If you undertake this diploma as a full-time student, you should expect to attend classes or workshops on a maximum of three evenings per week over a duration of one year.

You should allow approximately thirty hours of study time per week, including pre-, post- and in-class study time.

Your studies in this diploma are designed to become increasingly challenging as you build skills and knowledge to attack complex tasks with confidence.

This diploma comprises 15 units, including industry-endorsed elective units covering themes such as risk and compliance, product knowledge, professional development and practice management. Many units are clustered (or grouped) together according to common themes, allowing you to explore several key areas intensively, while simplifying the process of learning and assessment.

Early in your diploma studies, you will focus on the fundamentals of finance and mortgage broking. You'll explore how to identify client needs, meet strict industry compliance guidelines, adhere to ethical standards, and present broking and finance options for your clients. You will also investigate techniques for maintaining professional relationships and growing your broking practice.

Later in your studies, you will learn how to assess and manage risk, complete loan applications, and work with more complex client loan structures. Here, you will have many opportunities to put your theory to the test with increasingly practical activities and assessment tasks.

Course structure

Choose a plan below to find out more about the subjects you will study and the course structure.

Diploma of Finance and Mortgage Broking Management
Program code: C5419
National curriculum code: FNS50322

Title
Location
Duration
Plan code
CRICOS
Diploma of Finance and Mortgage Broking Management
City Campus
1 year full-time
C5419
Location
City Campus
Duration
1 year full-time
Plan code
C5419
CRICOS

Career

Upon successful completion of the Diploma of Finance and Mortgage Broking Management at RMIT, you will have both the qualification and the necessary skills to launch a successful career in finance broking.

Admissions

You need to satisfy all of the following academic (entry) requirements to be considered for entry into this course.

Successful completion of the Victorian Certificate of Education (VCE) (or equivalent)

OR

At least 6 months work experience in a related field.

There are no prerequisite subjects required for entry into this qualification.

A selection task is not required for entry into this qualification.

Pathways

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Understanding pathways

Undertaking a certificate, diploma, advanced diploma or associate degree can help you meet the entry requirements for your preferred degree. These qualifications often provide credit, reducing the duration of your bachelor degree.

You must meet the entry requirements to gain access to this course. Please contact Study@RMIT to discuss your options.

Credit, recognition of prior learning, professional experience and accreditation from a professional body can reduce the duration of your study by acknowledging your earlier, relevant experience.

Credit and exemptions will be assessed consistent with the principles of the RMIT Credit Policy.

Graduates of this course will be guaranteed entry into the courses below.

For more information, explore our Pathway finder, or contact Study@RMIT.

Fees

Tuition fees

The tuition fees you will pay for this program will depend on whether you are offered a Victorian Government subsidised place or a full-fee place. To find out if you are eligible for a government subsidised place, follow the steps at How to check if you are eligible.

  • 2024 government subsidised place: AU$3,250* per annum
  • 2024 full-fee place: AU$8,250* per annum

*Fees shown are indicative only and subject to change given individual circumstances at the time of enrolment.

Fee finder

Use our fee finder to get an estimate of your fees for this program.

Additional expenses

  • Student services and amenities fee (SSAF): AU$351 maximum fee for 2024.
  • Other items related to your program, including field trips, textbooks and equipment.

Annual fee adjustment

The student tuition fees as displayed by the fee finder are indicative only and subject to change given individual circumstances at enrolment. Fees are adjusted on an annual basis and these fees should only be used as a guide.

Eligibility Exemption criteria

**The Victorian Government is currently waiving three (3) eligibility criteria around prior qualifications. This means that more people who want to study a vocational education program at RMIT, and who have studied previously, will be able to access a government subsidised place in a program. Find out how to check your eligibility

Defer your payment

The Australian Government provides financial assistance via the VET Student Loans scheme, which allows eligible students in eligible programs to defer payment of their tuition fees, up to the maximum loan amount for their program.

Payments and refunds

For information on how to pay your fees or how to apply for a refund, please see Paying your fees and applying for refunds.

In addition to tuition fees, you will be charged an annual student services and amenities fee (SSAF), which is used to maintain and enhance services and amenities that improve your experience as an RMIT student.

The SSAF is calculated based on your enrolment load and the maximum fee for 2024 is $351.  

For more information about calculating your actual SSAF see Paying SSAF.

You may also be required to purchase other items related to your program, including field trips, textbooks and equipment. These additional fees and expenses vary from program to program.

VET Student Loans

The Australian Government provides financial assistance via the VET Student Loans scheme, which allows eligible students in eligible programs to defer payment of their tuition fees, up to the maximum loan amount for their program.

How does a VET Student Loan work?

If your VET Student Loan application is successful, the Australian Government will pay RMIT your tuition fees on your behalf, up to the maximum loan amount for your program.

Your VET Student Loan becomes part of your VETSL debt. You will start repaying your accumulated VETSL debt to the Australian Government once you earn above the minimum income threshold for repayment, which is adjusted each year (this also applies if you are still studying).

The Australian Taxation Office (ATO) will calculate your compulsory repayment for the year and include this on your income tax notice.

The Royal Melbourne Institute of Technology advises that:

  • VET student loans will not be approved for students who do not meet eligibility requirements; and
  • a VET student loan gives rise to a HELP debt that continues to be a debt due to the Commonwealth until it is repaid.

For more information see VET Student Loans or Study Assist.

VET Student Loan cap

If your program is eligible for the VET Student Loan scheme and has a loan cap that doesn’t cover the total amount of the tuition fees for your program, then you’ll need to pay RMIT the difference by the due date once you exceed the cap.

It’s easy for you to keep track of your VET Student Loan debt, and you can choose to make upfront payments at any time before the census date. 

RMIT awards more than 2000 scholarships every year to recognise academic achievement and assist students from a variety of backgrounds.

Frequently Asked Questions (FAQs)

Looking for answers or more general information?

Use our Frequently Asked Questions to learn about the application process and its equity access schemes, find out how to accept or defer your offer or request a leave of absence, discover information about your fees, refunds and scholarships, and explore the various student support and advocacy services, as well as how to find out more about your preferred program, and more.

Sorry, this program is not available for international students intending to study on a student visa.

If you hold a different visa type, you may be eligible. Please contact Study@RMIT for more information.

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Acknowledgement of Country

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business - Artwork 'Luwaytini' by Mark Cleaver, Palawa.

aboriginal flag
torres strait flag

Acknowledgement of Country

RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business.