Master of Financial Planning
Quick facts
Student type:
Quick facts
-
Duration
Full-time 2 years, Part-time 4 years -
Location
Melbourne City -
Fees
AU$29,760 (2020 annual)
Next intake
July
Entry score
Not applicable
Duration
Not applicable Location
Not applicable Fees
Not applicable
Next intake
Not applicable
Overview
The role of financial adviser is growing
As a financial adviser, you’ll be helping people to identify their financial goals, provide advice on investment, manage government regulations, develop financial plans, research investment opportunities and analyse your client’s financial position.
You’ll be able to address complicated client situations, and deal with complex financial products. As a market leader, RMIT will give you an integrated approach to financial planning, accounting and financial management. This course seeks to meet the growing industry demand for specialist skills in financial planning. It has been developed through standards set out by the Financial Adviser Standards and Ethics Authority (FASEA).
The first step towards this exciting career is to get your degree and then gain certification with a recognised organisation such as meeting the FASEA or authorised representative requirements or the Financial Planning Association of Australia (FPA).
Gain specialised knowledge to excel in the finance sector
The Master of Financial Planning equips you with both the practical and theoretical knowledge and expertise to become an analytical practitioner. We have designed this course for those who come from non-financial planning disciplines, but would like to extend their career prospects and become a registered financial planner.
You’ll develop your skills in financial planning and business with a focus on the social, environmental, cultural and ethical issues that underpin contemporary business environments today. The capstone subject Critical Analysis in Financial Planning gives you the opportunity to reflect on this course’s curriculum.
Details
Financial planners help organisations and individuals achieve their financial goals.
An ageing population in Australia means there is a growing demand for superannuation fund management. Financial planning skills are highly transferable, and required in a wide range of industries. Once equipped with the advanced skills of a registered financial planner, you will be able to pursue a career in any number of businesses and organisations that require financial advice and planning expertise.
This course will help develop your problem-solving skills, and build your understanding of the principles of finance, econometrics, research and analysis of financial markets.
You’ll benefit from a dynamically-designed course, immersing you in classroom teaching, opportunities for research and collaborative projects, simulations in RMIT’s custom-built trading facility, and the chance to engage with issues in finance-related industries through seminars and workshops. As part of your studies, you will execute a capstone research experience within a professional context.
As a graduate of this master's degree, you will be able to apply financial advice knowledge, correctly use research principles and methods, apply technical and creative skills to advanced problem solving, communicate financial planning advice, and be accountable in your practice.
- Abdullahi Ahmed
- Daniel Richards
- Orhan Azizoglu
To graduate from this course, you will complete fourteen core financial planning subjects, and choose two postgraduate elective subjects. You'll study accounting, global business, financial planning, professional ethics, business and corporations law, insurance and estate planning, superannuation and retirement income, quantitative methods, research issues in financial planning, and much more.
Compulsory subjects include:
Year one
Stage A:
- Financial Planning Regulatory Obligations (BAFI3244)
- Professional Ethics (BAFI3242)
- Behavioural Financial Advice (BAFI3245)
- Business and Corporations Law (LAW2480)
Stage B:
- Superannuation and Retirement Income (BAFI3240)
- Insurance and Estate Planning (BAFI3243)
- Taxation Law and Practice (LAW2471)
- Applications in Financial Planning (BAFI3246)
Year two
Stage C:
- Critical Analysis in Financial Planning (BAFI3241)
In Year two, Stage C, you will also select and complete three postgraduate elective subjects.
Choose a program structure
| Title | Location | Duration | Plan code | CRICOS | ||
|---|---|---|---|---|---|---|
| Master of Financial Planning | City Campus |
2 years full-time or part-time equivalent
|
2 years full-time
|
MC276 |
Choose a program structure
Program code: MC276
Career
Your study in this course will prepare you to work as a professional financial planner or adviser in Australian Financial Services Licensee organisations.
Once you graduate, you’ll be able to apply for full Financial Planning Association (FPA) Australia membership and also be accepted into the CFP® Certification Program, leading to registration as a Certified Financial Planner®.
You will be able to practice as a financial planner both in Australia and throughout the countries that recognise the FPA of Australia.
Graduates are able to work in the following sectors:
- financial planning
- funds management
- investment advising
- banking and financial services
- insurance broking and stockbroking
- investment banking
- superannuation specialist
This course has been developed in collaboration with industry links. These include advice from the Financial Planning Association of Australia and the Financial Adviser Standards and Ethics Authority.
As a graduate, you are eligible for membership with the Financial Planning Association (FPA) Australia, and eligible to undertake the CFP® Certification Program.
Admissions
Applicants must have successfully completed:
- An Australian bachelor’s degree (or equivalent overseas qualification) or higher level qualification, in a business discipline from a recognised tertiary institution; or
- An Australian bachelor’s degree (or equivalent overseas qualification) in any discipline and a minimum of three years full-time equivalent (FTE) management experience*; or
- An Australian Graduate Certificate or Graduate Diploma (or equivalent overseas qualification) in any discipline; or
- The RMIT Graduate Diploma in Financial Planning; or
- The RMIT Graduate Certificate in Financial Planning
*Applicants will be required to submit a curriculum vitae (CV) outlining their management experience, this may include project or portfolio management, coordinating policy planning, directing and controlling organisational resources etc.
For detailed information on English language requirements and other proficiency tests recognised by RMIT, visit English language requirements and equivalency information.
Don't meet the English language test scores? Complete an Advanced Plus Certificate at RMIT English Worldwide.
Pathways
Credit and exemptions will be assessed in accordance with the RMIT University Credit Policy. If you have completed your studies or have partially completed a similar program at another institution (with entry criteria similar to this program) may be accepted with some credits or exemptions being granted towards this program.
Credit pathways between RMIT University programs enable you upon graduating from an RMIT University qualification to apply for advanced standing in a higher-level qualification.
Fees
2020 indicative annual fees
Full-fee places: AU$29,760*
Additional expenses
- Student services and amenities fee (SSAF): AU$308* maximum fee for 2020.
- Other items related to your program, including field trips, textbooks and equipment.
Annual fee adjustment
*Amounts quoted are indicative fees per annum, and are based on a standard year of full-time study (96 credit points). A proportionate fee applies for more or less than the full-time study load.
Fees are adjusted on an annual basis and these fees should only be used as a guide.
Defer your payment
This program is offered on a full-fee paying basis only. If you are offered a place, you will need to pay the full tuition costs of your program. However, eligible students (such as Australian citizens or holders of an Australian permanent humanitarian visa) may apply to defer payment of some or all of their tuition fees via the Commonwealth Government’s FEE-HELP loan scheme.
Learn more about fees for postgraduate study.
How does a HELP loan work?
If your FEE-HELP and/or SA-HELP loan application is successful, the Australian Government will pay RMIT, on your behalf, up to 100% of your fees. This amount will become part of your accumulated HELP debt.
You only start repaying your accumulated HELP debt to the Australian Government once you earn above the minimum income threshold for repayment, which is set each year by the Australian Government (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.
For more information about loan repayment options see Commonwealth assistance (HELP loans) or Study Assist.
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 2020 is $308.
You may be eligible to apply to defer payment of the SSAF through the SA-HELP loan scheme. If you use SA-HELP, the amount will be added to your accumulated HELP debt.
For more information about calculating your actual SSAF see Paying SSAF.
You may also be required to purchase other items related to your program, including field trips, textbooks and equipment. These additional fees and expenses vary from program to program.
The annual tuition fee for 2020 is AU$XX,XXX .
The total indicative tuition fee for 2020 commencement is AU$XX,XXX.
In addition to tuition fees you also need to pay for:
- Student services and amenities fee (SSAF) in each calendar year.
- Overseas Student Health Cover (OSHC) - Student visa holders must have cover for the total duration of their visa.
- Some programs incur additional expenses.
You also need to account for your living expenses. Estimate the cost of living in Melbourne.