DurationFull-time 1 year
Next intakeFebruary, July
Next intakeNot applicable
In the Advanced Diploma of Paraplanning, you will develop the skills and knowledge needed to to work within the financial planning industry as paraplanners, providing a range of financial planning services within a diverse range of product areas, including (but not limited to) insurance, superannuation, managed investments, retirement and estate planning.
The curriculum is designed to introduce you to the highly regulated and compliance-driven industry that is financial planning, preparing you for job roles that require specialist skills and a broad understanding of the legislative and regulatory framework in which this work is undertaken.
The main form of delivery in this qualification will be in the classroom with some supervised self-directed learning. Learning will ensure that units are contextualised to industry applications wherever possible, and that demonstrations and practical sessions and/or workplace sessions be incorporated wherever appropriate in the delivery strategy. You will experience a variety of approaches to learning and teaching.
Classes are interactive and give you many opportunities to discuss ideas and practice new skills. You will participate in learning activities such as: analysis of case studies and scenarios, group discussions and group work.
In addition to developing skills and knowledge for a particular job, this curriculum also aims to help you to develop broad work skills, known as foundation skills.
You are expected to undertake self-directed learning in addition to those activities provided in class. This self-directed learning will often be based upon research, and reading of relevant knowledge elements of the course. Where you have the opportunity to do so, you are encouraged to apply skill elements in your actual workplace.
The development of this qualification and the choice of elective units appropriate to the financial services sector were informed by the Industry Advisory Committee (IAC) comprised of representatives of the Financial Services industry and RMIT educators.
Teachers maintain close contact with industry through various professional development activities, and for sessional staff generally they maintain employment or operate their own businesses in a relevant sector.
As a student enrolled in this qualification, you will be assessed on structured activities that allow you to learn, apply and demonstrate vocational competency. The nominated Work Integrated Learning (WIL) subjects for this advanced diploma are:
- BAFI5239C Develop financial plans
- BAFI5240C Present and negotiate financial plans
- BAFI5241C Implement financial plans
Classes for the Advanced Diploma of Paraplanning will be delivered over three days per week for one year.
You will be required to undertake 504 hours of supervised learning activities (including face-to-face classes, online activities, field studies). In addition to these activities, it is recommended that you allow approximately 22 hours per week of your own time for self-directed study including reading, research, preparation for classes, and assessment completion.
Successful completion of the Advanced Diploma of Paraplanning requires you to demonstrate that you are competent in:
- Recording and implementing client instructions
- Developing and implementing financial plans
- Presenting and negotiating financial plans
- Complying with ethical and operational guidelines, legislation and regulations in financial planning
- Financial planning analysis and research
- Monitoring and reviewing organisational systems compliance with legislation and regulations
- Conducting work according to professional practices in the financial services industry
- Conducting financial product research to support product recommendations
- Preparing advice in managed investments, superannuation and life insurance
This advanced diploma does not have a formalised work placement. However, the assessment tasks are designed to simulate a workplace environment and require the students to demonstrate the practical application of their skills and knowledge within specific organisational contexts.
Choose a program structure
|Advanced Diploma of Paraplanning||City Campus||
1 year full-time or part-time equivalent
1 year full-time
Choose a program structure
Program code: C6179
National curriculum code: FNS60920
Possible career outcomes for this qualification include: paraplanner, associate financial planner or adviser, financial planning practice manager, compliance officer, or operations officer for a range of practice areas.
While many graduate students will seek immediate employment in the industry, some will seek to articulate to higher education studies in a finance-related qualification.
- Successful completion of Australian Year 12 (or equivalent) or the Australian Senior VCAL Certificate
- Completion of Post-Secondary studies (Certificate III or above)
- At least 6 months’ work experience in a related field
This course offers pathway into further study at RMIT
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 and helping you get the degree you want.
Graduates of this course will be eligible for exemptions from or entry into the courses below, subject to meeting the entry requirements. For more information, explore our Pathway finder, or contact Study@RMIT.
Credit and recognition of prior learning
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. Find out if you might be eligible.
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.
- 2022 full-fee place: AU$8,750* per annum
*Fees shown are indicative only and subject to change given individual circumstances at the time of enrolment.
Use our fee finder to get an estimate of your fees for this program.
- Student services and amenities fee (SSAF): AU$315 maximum fee for 2022.
- 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.
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 2022 is $315.
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.
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.
Looking for answers or more general infomation?
For frequently asked questions or how to find more information regarding applications and enrolments, fees, student support services, university policies and more, please visit our Frequently Asked Questions.