Master of Financial Planning

Postgraduate coursework

Learn how to translate theory into practice by developing feasible financial planning solutions for clients. Apply to study a Master of Financial Planning.

Domestic student information

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Key facts

Duration

1.5 to 2 years full-time or part-time equivalent (please refer to course pathways below)

Current Deakin Students

To access your official course details for the year you started your degree, please visit the handbook

Course information

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 is a course approved by the new financial planning standards body - the Financial Adviser Standards and Ethics Authority (FASEA).   Graduates who complete the Master of Financial Planning  will satisfy the education standards prescribed by FASEA to be able to provide financial advice in Australia and be eligible for entry into the certification programs of the professional financial planning associations - the CERTIFIED FINANCIAL PLANNER® (CFP®) Certification Program offered by the Financial Planning Association of Australia (FPA) and the Fellow Chartered Financial Practitioner (FChFP) designation offered by the Association of Financial Advisers (AFA).

Successful completion of the Master of Financial Planning will also provide advanced standing for three of the five CFP® Certification units and up to two of the four FChFP Certification units.

Read More

Course structure

To complete the Master of Financial Planning, students must attain a total of 16 credit points consisting of 9 credit points of core units and 7 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 9 units and 3 credit points of electives may be selected from any units in the Master of Commerce (M755) and/or the Master of International Finance (M750).

Students are introduced to research tools and techniques in core units of the course where they learn analytic skills and the practical application of those skills in professional contexts. They must also complete advanced level units and a capstone unit that require them to integrate the skills learnt over their course of study and produce applied pieces of research with reference to prevailing literature.

Students are required to meet the University's academic progress and conduct requirements. Click here for more information.

9

Core units

7

Elective units

16

Total units

Core units

  • Estate Planning and Risk Management Strategies MAA700 +
  • Superannuation and Retirement Planning MAA719 ~
  • Managing Client Relationships MAA728 *
  • Financial Planning Fundamentals MAA745 <
  • Financial Markets MAF702
  • Investments and Portfolio Management MAF707
  • Principles of Income Tax Law MLC703
  • Commercial and Corporations Law MLC707
  • Core Capstone Unit:

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

  • Professional Research and Analysis MAA753
  • Treasury and Risk Management MAF704
  • Modelling Techniques for Finance MAF711
  • Ethics for Managers MMH733
  • Investment Valuation MMP742
  • Accounting MPA701
  • Economics for Managers MPE781
  • Research Project 2 MPP703
  • MPT732/MPK732Marketing Management #
  • #MPT code denotes Study Tour version of the unit

    ~ previously coded MAF708

    ^ previously coded MAF709

    * previously coded MAF714

    < previously coded MAF765

    > previously coded MPS701

    + New unit consolidating MAA746 and MAA729

    Elective units

    Plus 3 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.

    Key information

    Award granted
    Master of Financial Planning
    Year
    2018 course information
    Deakin code
    M770
    Level
    Higher Degree Coursework (Masters and Doctorates)
    Approval status
    This course is approved by the University under the Higher Education Standards Framework.
    Australian Quality Framework (AQF) recognition
    The award conferred upon completion is recognised in the Australian Qualifications Framework at Level 9.

    Campuses by intake

    Campus availability varies per trimester. This means that a course offered in Trimester 1 may not be offered in the same location for Trimester 2 or 3. Read more to learn where this course will be offered throughout the year.

    Trimester 1 - March

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

    Trimester 2 - July

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

    Trimester 3 - November

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

    Please note: core units not available in Trimester 3

    Additional course information

    Course duration - additional information
    Course duration may be affected by delays in completing course requirements, such as accessing or completing work placements.

    Mandatory Student Checks

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

    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.

    Participation Requirements

    Units in this course may have participation requirements that include compulsory placements, work-based training, community-based learning or collaborative research training arrangements.

    Placement can occur at any time, including during the standard holiday breaks listed here: http://www.deakin.edu.au/courses/key-dates.

    Reasonable adjustments to participation and other course requirements will be made for students with a disability. Click here for more information.

    Work experience

    This course provides students the opportunity to complete one or more elective work integrated learning units.

    [More information: WIL Programs]

    Entry requirements

    Entry information

    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.

    All applicants must meet the minimum English language requirements.

    Entry will be based on performance in:

    • a Bachelor Degree or other qualification at a higher AQF level in any discipline OR
    • other evidence of academic capability judged to be equivalent

     For more information on the Admission Criteria and Selection (Higher Education Courses) Policy visit Deakin Policy Library.

     

    Fees and scholarships

    Fee information

    Estimated tuition fee - full-fee paying place
    $30,800 for 1 yr full-time* - Full-fee paying place
    Learn more about fees and your options for paying.
    Estimated tuition fee - (CSP)?
    Not applicable

    The available fee places for this course are detailed above.

    Tuition fees are determined by your enrolment:

    • If you are offered a full fee paying place, your tuition fees are calculated based on your course.
    • If you are offered a Commonwealth supported place, your tuition fees are calculated depending on the units you choose. Not all courses at Deakin have Commonwealth supported places available.

    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.

    * One year full-time study load is typically represented by eight credit points of study. 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 your course.

    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.

    FEE-HELP

    You may be eligible for the Government's FEE-HELP scheme. This scheme covers your tuition fees and can help make studying significantly more affordable.

    It's similar to HECS-HELP, but designed for full-fee place courses. It doesn't matter how much you earn, you may still be eligible for FEE-HELP.

    Learn more about your FEE-HELP options.

    FEE-HELP Calculator

    What is FEE-HELP?

    FEE-HELP loans cover up to 100% of tuition fees for eligible students. By taking out a FEE-HELP loan, the government pays your tuition fees directly to Deakin, and the balance is repaid from your employment income - but only once you're earning over $51,956.

    Estimate your FEE-HELP repayments

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    Your estimated FEE-HELP repayments

    • $* is the total tuition fee for a Master of Financial Planning (16 credit points) at Deakin
    • is the annual FEE-HELP payment, based on your current salary
    • of your current salary be spent on FEE-HELP
    • is how long it will take to pay off your FEE-HELP loan on your current salary

    *Disclaimer

    Deakin University (Deakin):

    • gives no warranty and accepts no responsibility for the currency, accuracy or the completeness of the information provided;
    • advises users that no reliance should be placed upon on the information provided, and;
    • instructs users that they should confirm the actual course fee with Prospective Student Enquiries prior to enrolment.

    This tool provides indicative information about the fees that will be payable in respect of courses and subjects offered to prospective students domiciled in Australia during the periods indicated.

    Please note that the fees shown by the calculator are indicative only and actual fees may vary. Users are advised to confirm the actual course fee with Prospective Student Enquiries prior to enrolment.

    The estimated course fee is based on the tuition fee costs applicable to a domestic full time student commencing the course in Trimester 1 and studying full time for the duration of the course but:

    • does not include non-tuition costs that may apply, such as Student Services and Amenities Fees (SSAF);
    • does not take into account any scholarships or bursaries awarded to the student (including the 15% Deakin Alumni Postgraduate Course Fee Bursary);
    • assumes the maximum number of units that need to be successfully completed actual number completed may be reduced if Credit for Prior Learning is granted;
    • assumes that no exceptional, or non-typical, circumstances apply to the proposed course of study;
    • assumes that the options that the user selects are appropriate for the course of study that they intend to undertake;
    • where fees are estimated for future years those fee will be subject to annual increases in accordance with increases in the cost of course delivery.

    Scholarship options

    A Deakin scholarship might change your life. If you've got something special to offer Deakin – or you just need the financial help to get you here – we may have a scholarship opportunity for you.

    Search or browse through our scholarships

    Postgraduate bursary

    If you’re a Deakin alumni commencing a postgraduate award course, you may be eligible to receive a 15% reduction per unit on your enrolment fees. Your spouse and members of your immediate family may also be eligible to apply for this bursary.

    Learn more about Deakin’s 15% postgraduate bursary

    Professional recognition

    The Master of Financial Planning is a course approved by the new financial planning standards body - the Financial Adviser Standards and Ethics Authority (FASEA).   Graduates who complete the Master of Financial Planning  will satisfy the education standards prescribed by FASEA to be able to provide financial advice in Australia and be eligible for entry into the certification programs of the professional financial planning associations - the CERTIFIED FINANCIAL PLANNER® (CFP®) Certification Program offered by the Financial Planning Association of Australia (FPA) and the Fellow Chartered Financial Practitioner (FChFP) designation offered by the Association of Financial Advisers (AFA).

    Successful completion of the Master of Financial Planning will also provide advanced standing for three of the five CFP® Certification units and up to two of the four FChFP Certification units.

     

    Course learning outcomes

    Deakin's graduate learning outcomes describe the knowledge and capabilities graduates can demonstrate at the completion of their course. These outcomes mean that regardless of the Deakin course you undertake, you can rest assured your degree will teach you the skills and professional attributes that employers value. They'll set you up to learn and work effectively in the future.

    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.
       

     

    Application information

    How to apply

    Apply direct to Deakin

    Applications can be made directly to the University through the Applicant Portal if you are only applying for one course. 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.


    Entry pathways

    	If you have a Bachelor degree in the same discipline, you may be eligible for credit for 4 credit points (units), which means you need to complete 1.5 years full time, or part-time equivalent (12 credit points) If you have a Bachelor degree in any discipline AND 5 years of relevant work experience, you may be eligible for credit for 4 credit points (units), which means you need to complete 1.5 years full time, or part-time equivalent (12 credit points)

    Tap image to expand

    *A shorter course duration is available to students entering from a same discipline background. A 'same discipline' award for this course is a Bachelor degree in a Business discipline with a major sequence in Accounting, Financial Planning and/or Finance.

    ^ Relevant work experience is determined as business experience either in a financial planning role or in 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.

    Alternative exits

    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

    Student Service Network
    Tel 03 9244 6555
    Email buslaw@deakin.edu.au

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