Bachelor of Business – Financial Planning 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.

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.

Step 1: Find a course

Step 2: Check the entry requirements

Step 3: Collect required documents

Step 4: Submit your application

If you are applying for on-campus study in a coursework program (Bachelor, Associate Degree or Honours), use the online application system for international students. 

Remember, our team are experts in RMIT study options and how to apply, so contact the team if you need support with your application.