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Deakin University

Burwood, Melbourne , Victoria ,Australia

Master of Financial Planning

Designed to meet the requirements of Australia’s new financial planning standards body, the Master of Financial Planning trains you to provide innovative financial planning solutions by combining ethical decision-making with modern financial advice strategies.

The finance industry is changing. Ready to secure your future with a degree that meets new requirements while empowering you to build a more successful career? 

Recent changes to the Australian finance industry require financial planners to meet new education standards set by the Financial Adviser Standards and Ethics Authority (FASEA). What does this mean for current and aspiring financial planners? If you want to provide financial advice beyond 2026, you’ll need to complete a FASEA-approved course like Deakin’s Master of Financial Planning.

But this course is more than just a pathway towards becoming a registered financial planner. You’ll take your financial planning skills and knowledge to new levels, allowing you to provide better solutions for your clients and making you more valuable to employers.

Campus Information

Burwood

The Melbourne Burwood Campus is Deakin’s largest. A short trip from Melbourne’s central business district, Burwood offers the perfect balance between city lifestyle and suburban comfort. On campus you will find impressive buildings and world-class facilities, a wide range of learning and social spaces, and a relaxed atmosphere. If you enjoy getting outdoors between classes, the Melbourne Burwood Campus also sits alongside parkland, which is great for walking, jogging and cycling.

Intakes

  • March
  • July
  • Nov

Application Processing Time in Days: 5

Application Process

Application Outcome
7 Days
Visa Application outcome
35 Days

Minimum English Language Requirements

English Level Description IELTS (1.0 -9.0) TOEFL IBT (0-120) TOEFL CBT (0-300) PTE (10-90)
Expert 9 120 297-300 86-90
Very Good 8.5 115-119 280-293 83-86
Very Good 8 110-114 270-280 79-83
Good 7.5 102-109 253-267 73-79
Good 7 94-101 240-253 65-73
Competent 6.5 79-93 213-233 58-65
Competent 6 60-78 170-210 50-58
Modest 5.5 46-59 133-210 43-50
Modest 5 35-45 107-133 36-43
Limited 4 32-34 97-103 30-36
Extremely Limited < 4 < 31 < 93 < 30

Job Opportunity Potential

From 1 January 2019, FASEA’s new education standards come into place, and, by 1 January 2024, all financial planners will need an approved qualification. These reforms have created an increased demand for registered financial planners with a high-level understanding of what it means to provide responsible advice.

The Master of Financial Planning is approved by FASEA, ensuring Deakin students graduate with the right qualification and skills to take advantage of this demand.

Whether you’re currently working in the industry or looking to move into a financial planning role, you’ll be prepared to excel in a variety of positions, including:

  • financial adviser
  • insurance adviser
  • business development manager
  • superannuation consultant
  • portfolio analyst
  • personal financial planner
  • investment banker
  • paraplanner
  • claims administrator
  • compliance manager
  • risk adviser

PSW Opportunity

  • N/A

Admission Requirement / Eligibility Criteria

Admission is based on:

  • Bachelor degree or higher in a related discipline*, or
  • Bachelor degree or higher in any discipline, plus two years of relevant work experience^, or
  • Evidence of academic capability judged to be equivalent.

*A ‘related discipline' is a Business discipline.

^ Relevant work experience is determined as business experience in either a financial planning role or a managerial position, with business oversight responsibilities in a financial planning related field such as superannuation consulting, estate planning, tax advisory, financial consulting, funds management, banking.

Mandatory student checks

Units that contain work-integrated learning, a community placement, or interaction with the community may require a police check, working with children check, or another check. These requirements will be detailed in unit guides upon enrolment.

Supporting documents

When you apply to Deakin, it’s important to attach all requested supporting documentation, otherwise, your application could be delayed or disallowed.

Remember, most documents need to be certified before you upload them, so give yourself plenty of time to get organized.

Examples of certified copies you’ll need to include:

  • award certificates
  • academic transcripts
  • formal identity papers (e.g. your passport).

Documents in languages other than English will need to be translated. If you’re applying for a scholarship, please also check the specific supporting documents for that application.