Master of Financial Planning

COURSE (DOMESTIC STUDENTS)

Overview

This professionally-oriented course is specifically designed to meet the education needs of the financial planning industry.

Over the past two decades, superannuation has become an industry of great economic significance to Australia, with its size now greater than the nation’s annual Gross Domestic Product, the market capitalisation of the ASX and total cash deposits held by Australian banks.

The Master of Financial Planning is ideal for both those aspiring to join the financial planning industry and those currently employed in the industry. This degree seeks to build your financial planning abilities, skills and knowledge.

You will collect, analyse and synthesise financial planning information and use your skills to prepare financial planning solutions for clients. The course emphasises the professional responsibilities of the financial planner both in an ethical and in a compliance sense.

The course will give you an overall understanding of investment management in relation to different asset classes, plus the skills to construct, manage and evaluate portfolios using the key principles of modern portfolio theory. You’ll learn how to apply, analyse and relate the key principles of modern portfolio theory and asset pricing models using different portfolios of financial assets.

You’ll get an introduction to superannuation and retirement planning with a focus on the major trends and features of the industry and the framework in which the industry operates. The course will look at issues relating to superannuation contributions, different types of superannuation funds, the rules relating to the taxation and accessing of benefits, a consideration of alternative retirement income stream products and strategies designed to enhance superannuation and retirement income benefits.

The Master of Financial Planning has been assessed as an approved degree by the Financial Planning Education Council. Graduates are eligible for entry into the Certified Financial Planner Certification Program which is offered by the Financial Planning Association of Australia.

Read More VIEW INTERNATIONAL COURSE INFORMATION

Key facts

Duration

2 years full-time or part-time equivalent

Campuses

Offered at Burwood (Melbourne) Cloud (online)

Trimester 1

  • Start date: March
  • Available at:
    • Burwood (Melbourne)
    • Cloud Campus

Trimester 2

  • Start date: July
  • Available at:
    • Burwood (Melbourne)
    • Cloud Campus

Trimester 3

  • Start date: November
  • Available at:
    • Burwood (Melbourne)
    • Cloud Campus

Please note: core units not available in Trimester 3

Key information

Award granted

Master of Financial Planning

Year

2017 course information

Estimated tuition fee - full-fee paying place

$29,480 for 1 yr full-time - Full-fee paying place
Learn more about fees and your options for paying.

Estimated tuition fee - (CSP)

Not applicable

Deakin code

M770

Level

Higher Degree Coursework (Masters and Doctorates)

Entry requirements

Deakin University offers admission to postgraduate courses through a number of Admission categories.
In all categories of admission, selection is based primarily on academic merit as indicated by an applicant's previous academic record.
For more information on the Admission Criteria and Selection Policy visit The Guide.

Minimum entry requirements

 -  Bachelor degree in same discipline

or

 - Masters degree in different discipline

or

 - Graduate certificate in related discipline and 5 years relevant work experience

 

Professional Recognition

The Master of Financial Planning has been assessed as an approved degree by the Financial Planning Education Council. Graduates are eligible for entry into the Certified Financial Planner Certification Program which is offered by the Financial Planning Association of Australia.

Course learning outcomes

Graduate Learning Outcome Course Learning Outcome
Discipline specific knowledge and capabilities Apply an advanced and integrated knowledge about the financial planning development process for clients requiring financial planning advice of varying degrees of complexity and contexts.
Communication Demonstrate advanced interpersonal and networking skills to communicate persuasively with clients to gather and interpret personal data and transmit knowledge to clients through the preparation and presentation of financial plans including financial goal achievement and risk minimisation.
Digital literacy Select and apply appropriate digital technology to find, use, manage and persuasively disseminate complex wealth creation and risk minimisation knowledge and ideas to both clients and professional colleagues.
Critical thinking Systematically and critically analyse, synthesise, evaluate and transform a range of complex information on wealth creation and risk minimisation to create personalised and contextualised financial plans for clients.
Problem solving With creativity and autonomy, systematically develop strategies for wealth creation and risk minimisation for individuals by critically evaluating methods of inquiry, action planning and/or problem solving thereby generating innovative and contextualised solutions for financial goal achievement.
Self-management Demonstrate advanced skills to work and learn independently, for taking responsibility for continuing professional development, personal actions and to critically reflect and analyse own personal motivations, aspirations and actions.
Teamwork Lead and be accountable for the strategic management of group or team learning and outputs, demonstrating initiative in professional contexts and the ability to actively facilitate a positive team environment and to be open to working with and learning from others from different disciplines and backgrounds
Global citizenship Engage ethically, professionally and productively in work, professional and the global contexts including with diverse communities and cultures, in a manner reflective of a critical understanding of ethical principles, a systematic knowledge of professional codes of conduct and an understanding of various worldviews and the complexity of elements important to members of other cultures.
  Approved by Faculty Board October 2014

 

Course Structure

To complete the Master of Financial Planning, students must attain a total of 16 credit points consisting of 10 credit points of core units and 6 credit points of elective units.  Most units (think of units as 'subjects') are equal to 1 credit point.

4 credit points of electives may be selected from a list of 7 units and 2 credit points of electives may be selected from any units in the Master of Commerce (M755) and/or the Master of International Finance (M750).

10

Core units

6

Elective units

16

Total units

Core units

  • Superannuation and Retirement Planning MAA719 ~
  • Managing Client Relationships MAA728 *
  • Estate Planning Strategies MAA729 +
  • Financial Planning Fundamentals MAA745 <
  • Financial Markets MAF702
  • Investments and Portfolio Management MAF707
  • Principles of Income Tax Law MLC703
  • Commercial and Corporations Law MLC707
  • Principles of Risk Management and Insurance MAA746 >
  • Core Capstone Unit:

  • Financial Planning Development MAA727 ^
  • Plus 4 credit points from:

  • Accounting MPA701
  • Treasury and Risk Management MAF704
  • Modelling Techniques for Finance MAF711
  • Ethics for Managers MMH733
  • Investment Valuation MMP742
  • Economics for Managers MPE781
  • MPT732/MPK732Marketing Management #
  • # MPT code denotes study tour version of the unit.

    ~ previously coded MAF708

    ^ previously coded MAF709

    * previously coded MAF714

    + previously coded MAF715

    < previously coded MAF765

    > previously coded MPS701

    Elective units

    Plus 2 credit points of elective units from other postgraduate units offered by the Faculty of Business and Law in the Master of Commerce and/or Master of International Finance.

    Note: Students should consult with the Financial Planning Association or their website for professional recognition. Students seeking professional recognition may be required to undertake additional units.

    How to apply

    Apply direct to Deakin

    Applications must be made directly to the University through the Applicant Portal. For information on the application process and closing dates, see the how to apply web page. Please note that closing dates may vary for individual courses.

    Apply through Deakin

    Need more information on how to apply?

    For more information on the application process and closing dates, see the How to apply webpage. If you're still having problems, please contact us for assistance.

    Register your interest to study at Deakin

    Please complete the Register your interest form to receive further information about our direct application opportunities.

    Course pathways

    Am I eligible to receive credit for prior learning?

    The University aims to provide students with as much credit as possible for approved prior study or informal learning which exceeds the normal entrance requirements for the course and is within the constraints of the course regulations. Students are required to complete a minimum of one-third of the course at Deakin University, or four credit points, whichever is the greater. In the case of certificates, including graduate certificates, a minimum of two credit points within the course must be completed at Deakin.

    You can also refer to the Credit for Prior Learning System which outlines the credit that may be granted towards a Deakin University degree and how to apply for credit.

    Faculty contact information

    Faculty of Business and Law - student advisers
    Tel 03 9244 6555
    Email buslaw@deakin.edu.au

    Workload

    As a student in the Faculty of Business and Law, you can expect to participate in a range of teaching activities each week. This could include classes, seminars, practicals and online interaction. You can refer to the individual unit details in the course structure for more information. You will also need to study and complete assessment tasks in your own time.

    Fee information

    The tuition fees you pay will depend on the type of fee place you hold. 

    • If you are enrolled in a Commonwealth supported place, your tuition fees are calculated depending on the units you choose.
    • If you are enrolled in a full fee paying place, your tuition fees are calculated depending on the course you choose.

    In both cases, the ‘Estimated tuition fee’ is provided as a guide only based on a typical enrolment of students completing the first year of this course. The cost will vary depending on the units you choose, your study load, the length of your course and any approved Credit for Prior Learning you have.

    Each unit you enrol in has a credit point value. The ‘Estimated tuition fee’ is calculated by adding together 8 credit points of a typical combination of units for that course. Eight credit points is used as it represents a typical full-time enrolment load for a year.

    You can find the credit point value of each unit under the Unit Description by searching for the unit in the Handbook.

    Learn more about fees and available payment options.

    Scholarship options

    A Deakin scholarship could help you pay for your course fees, living costs and study materials. If you've got something special to offer Deakin - or maybe you just need a bit of extra support - we've got a scholarship opportunity for you. Search or browse through our scholarships

    Offered campuses

    Burwood

    Just 30 minutes from the city centre, the Melbourne Burwood Campus is Deakin's thriving metropolitan campus.


    Study online at Cloud Campus

    Students are able to study all or part of this course online. You can study anywhere, anytime through Deakin's Cloud Campus.

    Learn more about studying online and the Cloud Campus

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