Master of Financial Planning

Course summary for international students

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Year2017 course information
Award granted Master of Financial Planning
CampusOffered at Burwood (Melbourne)
Cloud CampusYes
Length2 years full-time or part-time equivalent
Next available intake

March (Trimester 1), July (Trimester 2), November (Trimester 3)

Tuition fee rateAvailable fee rates for 2017 can be found at www.deakin.edu.au/fees
LevelHigher Degree Coursework (Masters and Doctorates)
CRICOS course code087712D
English language requirements

IELTS overall score of 6.5 (with no band score less than 6) or equivalent

Deakin course code M770
Faculty contacts

Deakin International
Tel +61 3 9627 4877
Online enquiry

Please note: core units not available in Trimester 3

Course sub-headings

Course 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.

Fees and charges

Fees and charges vary depending on your course, your fee category and the year you started. To find out about the fees and charges that apply to you, visit www.deakin.edu.au/fees.

Course rules

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).

Course structure

Core units

MAF702Financial Markets

MAF707Investments and Portfolio Management

MAF708Superannuation and Retirement Planning

MAF714Managing Client Relationships

MAF715Estate Planning Strategies

MAF765Financial Planning Fundamentals

MLC703Principles of Income Tax Law

MLC707Commercial and Corporations Law

MPS701Principles of Risk Management and Insurance

Core Capstone Unit:

MAF709Financial Planning Development

Plus 4 credit points from:

MPA701Accounting

MAF704Treasury and Risk Management

MAF711Modelling Techniques for Finance

MMH733Ethics for Managers

MMP742Investment Valuation

MPE781Economics for Managers

MPT732/MPK732Marketing Management #

# MPT code denotes study tour version of the unit.

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.


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.

Entry requirements - general

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. The minimum requirements are successful completion of a three-year undergraduate degree, or equivalent, from an approved university or other educational institution or successful completion of other equivalent qualifications gained by examination, or approved professional or industrial experience. International students must also meet the postgraduate English language requirements.

Entry requirements - specific

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

 

Credit for prior learning - general

If you have completed previous studies which you believe may reduce the number of units you have to complete at Deakin, indicate in the appropriate section on your application that you wish to be considered for credit for prior learning. You will need to provide a certified copy of your previous course details so your credit can be determined. If you are eligible, your offer letter will then contain information about your credit for prior learning.
Your credit for prior learning is formally approved prior to your enrolment at Deakin during the Enrolment and Orientation Program. You must bring original documents relating to your previous study so that this approval can occur.

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

How to apply

Tracking your application
If you have already applied and wish to enquire about your application please refer to the relevant area through which you originally applied.

  • If you applied through a Deakin representative please contact your representative.
  • If you applied through a Deakin International office please contact deakin-int-admissions@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.