English language requirements
IELTS - Overall score of 6.5 (with no band score less than 6) or equivalent
Current Deakin Students
To access your official course details for the year you started your degree, please visit the handbook
Designed to meet the requirements of Australia’s new financial planning standards body, the Master of Financial Planning is designed to provide you with innovative and applied financial planning education solutions by combining ethical decision-making with modern financial advice strategies.
The finance industry is rapidly 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.
Apply, analyse and relate financial planning principles throughout projects that simulate real industry scenarios, better preparing you for tomorrow’s financial planning challenges.
You’ll be introduced to a range of discipline areas including investments and portfolio theory, superannuation and retirement planning, insurance, estate planning. ethics, financial advice regulation and behavioural finance.
The Master of Financial Planning teaches you how to apply advanced principles to meet client needs and the technical skills needed to utilise the latest digital tools. Importantly, it also places a strong emphasis on the professional responsibilities of the modern financial planner, both in an ethical and compliance sense. Industry reforms have created an increased demand for ethical decision-makers, putting Deakin graduates in a strong position to stand out from the pack.
Better still, you’ll be learning alongside industry-active teachers who are leaders in the field. Build relationships with your teachers. Get constructive feedback on industry expectations. Take your career forward.Read More
The Master of Financial Planning is typically a 12 credit point course but this is dependent on your entry point. The exact number of credit points you study depends on how much credit you receive as recognition of prior learning (RPL) - your professional experience and previous qualifications - which can save you time and money, but may be limited by the FASEA education standards.
To complete the Master of Financial Planning, students must attain a total of 12 credit points consisting of 11 credit points of core units and 1 credit points of elective units chosen from a specified list, plus completion of the compulsory 0-credit point module, MAI010 Academic Integrity Module. Most units (think of units as 'subjects') are equal to 1 credit point.
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.
*MAI and MLI codes denote Intensive versions of the units.
Core Capstone Unit:
From Trimester 2 2021:
*MAI and MLI codes denote Intensive versions of the units.
Core Capstone Unit:
Compulsory 0-credit point module
To be completed in the first trimester of study:-
Plus a 1 credit point elective unit from:
Or another postgraduate unit with prior written approval of the Course Director
*Students who successfully complete MAA747 Administration of Trusts and Estates as their elective unit with the Master of Financial Planning will meet the Australian educational requirements of the Society of Trust and Estate Practitioners (STEP).
When considering elective units, students are advised that Deakin University has entered into a partnership with the Financial Planning Association (FPA) to embed the CFP® Certification Program into the Master of Financial Planning.
This means that students may be eligible to enrol into the CFP® Certification Unit as their elective unit option (completion of eight core units* and Course Director approval is required). Students will undertake the CFP® Certification unit through the FPA and upon successful completion, will be able to apply for Recognition of Prior Learning to count towards their elective unit (with Course Director approval).
*eight core units required to be completed:
- MAA745 Financial Planning and Economic Fundamentals,
- MAA700 Estate Planning and Risk Management Strategies,
- MAA719 Superannuation and Retirement Planning,
- MLC714/MLI714 Financial Advice Regulations,
- MAA769/MAI769 Ethics for Financial Services,
- MLC703 Principles of Income Tax Law,
- MAA727 Financial Planning Development,
- MAF707 Investments and Portfolio Management
2021 course information
This course is approved by the University under the Higher Education Standards Framework.
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:
- Cloud Campus
Please note: This course is only available for part-time study in Trimester 3
Additional course 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.
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.
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: https://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.
This course provides students the opportunity to complete one or more elective work integrated learning units.
More information: WIL Programs
Admission is based on:
• Bachelor degree or higher in a related discipline*, or
• Bachelor degree or higher in any discipline, plus two years 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 working within a financial services role or within the financial services sector.
Please note that meeting the minimum admission requirements does not guarantee selection, which is based on merit, likelihood of success and availability of places in the course.
For more information on the Admission Criteria and Selection (Higher Education Courses) Policy visit Deakin Policy Library.
IELTS / English language requirements
Please note that English language requirements exist for entry to this course and you will be required to meet the English language level requirement that is applicable in the year of your commencement of studies.
It is the students’ responsibility to ensure that she/he has the required IELTS score to register with any external accredited courses.
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.
Recognition of 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 Recognition of Prior Learning System which outlines the credit that may be granted towards a Deakin University degree and how to apply for credit.
Fees and scholarships
Learn more about fees and your options for paying.
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 Recognition of 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 eight 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 tuition fees.
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.
If you’re a Deakin alumnus commencing a postgraduate award course, you may be eligible to receive a 10% reduction per unit on your enrolment fees.
How to apply
Applications can be made directly to the University through StudyLink Connect - Deakin University's International Student Application Service. For information on the application process and closing dates, see the How to apply web page.
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*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.
Why choose Deakin
From 1 January 2019, FASEA’s new education standards come into place and, by 1 January 2026, 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
- investment banker
- claims administrator
- compliance manager
- risk adviser
Deakin Business School is in the top 1% of business schools globally by holding both AACSB and EQUIS accreditations. These prestigious accreditations are awarded to business schools that meet strict standards of quality, academic and professional excellence, and demonstrate a commitment to ongoing improvement and innovation in their courses, ensuring our graduates are employable worldwide
The Master of Financial Planning is a FASEA-approved course, for the purposes of the approved degree pathway making it a recognised pathway towards becoming a registered financial planner.
Graduates will satisfy the education standards prescribed by FASEA to be able to provide financial advice in Australia, subject to meeting other registration requirements prescribed by FASEA (including completion of a Professional Year for Provisional Relevant Providers and passing a National Adviser Exam).
Deakin University has entered into a partnership with the Financial Planning Association (FPA) to embed the CFP® Certification Program into the Master of Financial Planning. Students who complete the final unit of the Financial Planning Association of Australia (FPA)’s CERTIFIED FINANCIAL PLANNER® (CFP®) Certification Program as their elective option within the Master of Financial Planning will meet the education requirements to obtain this professional designation upon graduating.
Once the industry experience requirements of the CFP® Certification Program have been satisfied, students will be eligible to apply for the CFP® designation.
Graduates will be eligible for entry into the Fellow Chartered Financial Practitioner (FChFP) designation offered by the Association of Financial Advisers (AFA). Completing the Master of Financial Planning provides advanced standing into this program.
Students who successfully complete MAA747 Administration of Trusts and Estates as their elective unit with the Master of Financial Planning will meet the Australian educational requirements of the Society of Trust and Estate Practitioners (STEP).
The MFP also allows students to meet the education requirements of the Tax Agent Services Act (TASA) as a tax (financial) adviser following completion of Principles of Income Tax Law and Business Law units approved by the Tax Practitioners Board (TPB).
Note: Students should consult with the Financial Planning Association or the Association of Financial Advisers and their websites for confirmation of professional recognition and to ensure that they are not required to undertake additional 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 world views and the complexity of elements important to members of other cultures|