Diploma of Financial Planning
Invest in your future by building connections with the financial services industry and learning first hand from financial planners and in RMIT’s simulated Practice Firm.
RMIT has exclusively partnered with Australia’s premier superannuation industry body, Association of Superannuation Funds Australia (ASFA), to provide you with access to their industry intelligence.
This program is suited to students who enjoy helping people to reach their financial goals, are personable, interactive and are interested in the financial services industry, its clients, products and legislation.
Our delivery and assessment methodology is based on industry-related portfolios, ensuring that you will be job-ready when you graduate.
Most of your classes will be held in RMIT's Swanston Academic Building which features innovative learning spaces interspersed with retail and social spaces resulting in a stimulating environment for students.
RMIT offers a variety of learning and teaching approaches including lectures, seminars, workshops, presentations and group discussions. You will also use RMIT's simulated work environment, the Swanston Banking Group Ltd (The Practice Firm).
Through RMIT University’s online learning portal, myRMIT, you will be able to view online resources and learning activities created by lecturers, access course materials via Blackboard, collaborate with lecturers and fellow students, and access your student email account. Educational software, the Learning Hub, resources and printers are accessible on campus via the RMIT wireless network using your own laptop, tablet or smart phone or via computer facilities on-campus. You will be able to access the same software from home using myDesktop.
Find out more about student computing at RMIT.
Ongoing assessment throughout the semester includes oral presentations, group projects, tests and practical assignments including case study analysis and scenarios.
Assessment tasks in the diploma are designed to simulate a workplace environment and require you to demonstrate that you can apply the skills and knowledge learned in the classroom within specific organisational contexts.
A feature of the assessment strategy for this program is the opportunity for you to work in a simulated work environment or Practice Firm called The Swanston Banking Group Ltd located in RMIT’s Swanston Academic Building at the Melbourne City campus.
Within the firm you will be required to undertake a range of work-related activities. You will have the opportunity to develop skills in collaboration, structuring meetings, working with client files and engaging with simulated clients in the form of role plays.
You are required to abide by the policies and procedures of the bank and use financial services tools and templates that mirror the ones in the workplace.
In addition to the expertise provided by the College of Business, the program advisory committee includes senior executives from major financial services corporations and professional bodies. The committee provides input and feedback on the design of financial planning programs at RMIT.
RMIT University is committed to providing you with an education that strongly links formal learning with professional or vocational practice.
Full-time 1 year (part time may be available)
1 year (blended delivery)
RMIT's banking and financial planning programs consist of core competencies and electives and provide the opportunity to undertake ASIC-compliant training required under Regulatory Guide 146 (RG146).
The Diploma of Financial Planning is designed to expand your understanding of the financial services industry, clients, products and legislation.
You will study core and elective courses that will provide an overview of the financial services industry, develop your knowledge of client management, and skills in research and analysis, and implementing and monitoring a financial plan.
Choose a program structure
|Diploma of Financial Planning||City Campus||
1 year full-time study
1 year full-time
|Diploma of Financial Planning||City Campus||
One year flexible study
Choose a program structure
Program code: C5343
National curriculum code: FNS50615
The program meets vocational needs of employers in financial institutions and related industries. In addition, the program’s focus on key areas such as the Australian Securities and Investment Commission (ASIC), financial planning, superannuation, managed funds and life insurance maximises employment opportunities for our graduates.
As a financial services professional, you can work for a broad range of organisations that deal with the management of money including banks, credit card companies, insurance companies, consumer finance companies, stock brokerages and investment funds.
Careers exist in finance and financial planning services in the wholesale and retail sector including:
- mortgage and finance broking
- funds management
- retirement planning.
Typical roles include financial planner, superannuation advisor, life insurance advisor, managed funds advisor and paraplanner.
Current Year 12: Successful completion of Australian Year 12 or equivalent; or the Australian Senior VCAL Certificate.
This program does not select on ATAR.
Non Year 12: Completion of post-secondary studies; or at least 6 months’ work experience.
Graduates of the RMIT Diploma of Financial Planning can apply for exemptions from the following degrees, subject to meeting each program's entry requirements:
- Bachelor of Business (Accountancy)
- Bachelor of Business (Economics and Finance)
- Bachelor of Business (Economics and Finance) (Applied)
- Bachelor of Business (Entrepreneurship)
- Bachelor of Business (Financial Planning)
- Bachelor of Business (Financial Planning)/Bachelor of Business (Accountancy)
- Bachelor of Business (Human Resource Management)
- Bachelor of Business (Information Systems)
- Bachelor of Business (Information Systems) (Applied)
- Bachelor of Business (International Business)
- Bachelor of Business (International Business) (Applied)
- Bachelor of Business (Logistics and Supply Chain Management)
- Bachelor of Business (Logistics and Supply Chain Management) (Applied)
- Bachelor of Business (Management)
- Bachelor of Business (Marketing)
- Bachelor of Business (Marketing) (Applied)
- Bachelor of Business (Professional Accountancy)
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.
- 2019 government subsidised place: AU$6,000* per annum
- 2019 full-fee place: AU$7,000* 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.
Tuition fees are adjusted on an annual basis and these fees should only be used as a guide. Learn more about fees for vocational study.
VET Student Loans
The Australian Government provides financial assistance via the VET Student Loans scheme (VSL), 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 VSL application is successful, the Australian Government will pay RMIT your tuition fees on your behalf, up to the maximum loan amount for your program.
If your program is eligible for the VSL 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 once you exceed the cap.
Your VET Student Loan becomes part of your Higher Education Loan Program (HELP) debt. You will start repaying your accumulated HELP 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.
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 2019 is $303.
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.