Bachelor of Business – Financial Planning major

Bachelor of Business – Financial Planning major

Your guide to majoring in Financial Planning with the Bachelor of Business at RMIT.

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Student type:
Learning mode:
On campus
Entry score:

See course admissions

Duration:
Full-time 3 years
Part-time 6 years
Fees:

Commonwealth Supported Places

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

See course admissions

Duration:
Full-time 3 years
Fees:

AU$ 42,240 (2025 annual)

Next intake:
February, July
Location:
Melbourne City

Introduction to the major

When you choose the Financial Planning major in the Bachelor of Business at RMIT University, you are undertaking a recognised and accredited major with subjects that will equip you with the expertise to provide professional financial advice in a range of areas including personal planning, taxation, estate planning, superannuation, retirement planning, insurance and investment planning.

The Financial Planning major will develop your financial knowledge, analytical skills and decision-making abilities, enabling you to work as a qualified professional financial planner and in other finance sector roles. More specifically, you will learn how to identify the appropriate risk profile of individual investors to recommend matching asset allocations into bonds, shares and property markets.

As you develop your core skills towards obtaining a financial planner license and Financial Advice Association Australia (FAAA) membership, you will also learn about the changing regulatory and legal environment in Australia. Additionally, you will gain knowledge around common tax effective investments and superannuation strategies to achieve potential clients' goals and objectives. 

Students who also complete Financial Planning and Tax minor meet the Financial Adviser Standards and Ethics Authority (FASEA)’s approved degree requirement.

Courses available with this major

Choosing a major is a key step in shaping your future. It gives you the chance to tailor your studies to your career goals and personal interests.

The major you choose will help you develop the skills and knowledge you need in your field, while also opening doors to valuable networking opportunities.

You will have the opportunity to take this major in the following courses:

Why choose to major in Financial Planning with the Bachelor of Business?

Tailor your learning

Undertake in-depth study in Financial Planning, complemented with a choice from 14 majors and 32 minor areas.

Concrete goals

Work towards meeting Financial Advisor Standards education requirements to gain an accredited financial planning degree and Financial Advice Association Australia (FAAA) membership.

Transferable, future-proofed skills

Equip yourself with sought-after skills to start your professional life.

I started to become interested in making choices regarding superannuation and taxes during my late teens. [...] After doing some research into the financial planning, I would not only be able to help my parents achieve financial freedom, but also my friends and the rest of my family.

- Joyce - Bachelor of Business (with Financial Planning major) 

Career outcomes

Graduates from RMIT’s Financial Planning major gain a solid foundation in the following key areas:

  • Personal financial planning
  • Taxation effective investment planning
  • Investments into bonds, shares and property
  • Risk profile analysis
  • Estate planning
  • Superannuation and retirement planning
  • Personal Insurance needs analysis and insurance advice

These skills empower you to provide comprehensive financial advice, helping individuals and businesses achieve their financial goals. By mastering essential planning tools and regulations, you’ll learn how to navigate complex financial landscapes and create tailored strategies for clients. 

With a Financial Planning major, you'll be ready for a wide range of roles where you can apply your expertise to real-world financial challenges. Whether you become a financial planner, wealth manager, retirement planner, or financial consultant, your skills will be crucial in guiding clients toward financial security and growth. The demand for financial planning professionals continues to rise, particularly as individuals seek personalized strategies for managing their finances. 

Salary expectations vary depending on the role and experience, but financial planning professionals typically earn competitive salaries. For example, entry-level positions like paraplanners can start at around AU$70,000 a year, while senior roles such as financial planners or wealth managers can exceed AU$100,000, depending on experience and the industry.

Subject selection guide

Below is a guide to the roadmap for your major, outlining the subjects and progression through the course.

Please note that this is the recommended sequencing only and is subject to scheduling.

Year of study Semester of study Subjects
Year 1 Semester 1 1. BUSM2562 Understanding the Business Environment*
2. BUSM2567 Business Decision Making*
3. BAFI1014 Personal Wealth Management+
4. BAFI1002 Financial Markets and Institutions+
Semester 2 1. BUSM2572 Business in Society*
2. BUSM2577 Integrated Perspectives on Business Problems*
3. LAW2453 Taxation 1
4. ACCT1060 Managerial Advisory Finance
Year 2 Semester 1 1. ACCT2286 Superannuation and Retirement+
2. ACCT2287 Risk, Insurance and Social Security+
3. LAW2442 Business Law
4. LAW2466 Taxation 2
Semester 2 1. LAW2450 Company and Finance Law+
2. ACCT2285 Wealth Creation and Estate Planning+
3. Minor subject or Business Option subject
4. Minor subject or Business Option subject
Year 3 Semester 1 1. BAFI1042 Equity Investment and Portfolio Management+
2. ACCT2288 Financial Advisory Practice^
3. Minor subject or Business Option subject
4. Elective
Semester 2 1. BUSM2582 Business Graduate Portfolio*
2. Minor subject OR Business Option subject
3. Elective
4. Elective

If you are wanting to obtain and meet Financial Adviser Standards and register as a Financial Planner following graduation, you must complete the Financial Planning Major plus the following three (3) subjects from the Financial Planning and Tax minor:

  • ACCT1060 Managerial Advisory Finance 
  • LAW2453 Taxation 1
  • LAW 2442 Business Law.

Refer to the Higher Education course guides to learn more about individual subjects.

Key to subject selection

Foundation subject *
Major subject +
Capstone subject ^

Complementary majors and/or minors

By integrating a second major or a range of minors you will deepen your expertise in a specialised area while gaining a well-rounded understanding of how your chosen interest's principles intersect with other fields.

This combination of knowledge and skills will prepare you for the complexities of the modern business landscape and equip you to make a meaningful impact in your chosen career path.

All majors and minors in the Bachelor of Business are complementary. Suggested combinations are listed below: 

Financial Planning and Tax minor

The Financial Planning and Tax minor prepares you to become an accredited financial planner, enhancing your ability to provide comprehensive financial advice and effective tax strategies for clients.

Accounting in Business minor

The Accounting in Business minor enhances your analytical thinking, problem-solving, and communication skills. This combination is highly valued by employers and prepares you for complex financial planning scenarios.

Economics major

The Economics major helps you understand how individuals, organisations, and governments respond to scarcity. This insight is crucial for financial planners navigating client decisions influenced by economic factors.

Finance major

The Finance major complements your Financial Planning studies by deepening your knowledge of financial management and investment strategies, enabling you to drive successful change initiatives within organisations.

Bachelor of Business full course information

This is just one of the 14 majors that you can choose from. Visit the Bachelor of Business course page to find full course information, explore your study options, and get details on entry requirements, pathways, fees, plan structure and how to apply.

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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 'Sentient' by Hollie Johnson, Gunaikurnai and Monero Ngarigo.

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