02 07

Financial planner career path australia

financial planner career path australia

What's to Like

Depending on the firm, a financial planner may enjoy a high degree of professional autonomy. The job should appeal to those who enjoy teaching, given that many of your clients will be unsophisticated financially and require education in the fundamentals of personal finance. The job also offers an opportunity to improve your clients' lives in a tangible way.

What's Not to Like

Financially unsophisticated clients often require much handholding from a financial planner, can have unrealistic expectations, and may blame the planner for their own failure to follow recommendations.

Planners may face conflicts of interest. For example, a financial planner in the employ of a securities brokerage firm may be pressured into recommending certain investment products that may not be entirely suitable for their clients.

- Career Advisor Reviews Salary, and. Rankings, Financial

financial planner career path australia

He or she may have working relationships with financial advisors, investment managers and/or mutual fund companies, utilizing these specialists for the actual investment of their clients' funds. The job requires keeping current about developments in financial products, tax laws and strategies for personal financial management, particularly with respect to retirement plans and estates.

Success also requires sales ability, both in the acquisition of new clients and in the development of new ideas to improve the financial situation of existing clients.

Typical Schedule

The time commitment is highly variable, dependent on the type of practice you are in, your client load, and the effort you are putting into acquiring new clients. Thus, it can range from a part-time effort of under 40 hours per week to one that far exceeds 40 hours.

Give your career and motivation a boost by embarking on the road to success as a Financial Adviser – no matter if it’s as a Financial Planner, Financial Consultant, Investment Planner or Adviser – whatever you label it, we’re here to give you the tools to take care of business.

Exciting competition in the business world means that the market is broadly positive for people in Finance, with salaries rising as organisations compete for the best performers to help strengthen their businesses. If you have the relevant qualifications, becoming a CFP (Certified Financial Planner) can be a solid and profitable career move.

The graph shows historical and projected (to 2020) employment levels (thousands) for Financial Advisers.

Employment for CFPs has risen very strongly (in percentage terms) in the past five years, and the long-term (ten year) view is also very positive. In the future, employment for Financial Advisers to November 2020 is expected to grow very strongly.

Find Job Openings: Use this tool to find current job openings in the field.


A bachelor's degree is the minimum educational attainment expected of a financial planner. Coursework in finance, accounting and/or economics is helpful, though not required. Strong quantitative and problem-solving skills are essential, but so are communications and sales skills. An MBA may make you an especially desirable job candidate, depending on the firm.


Legal requirements to function as a financial planner vary by state. Even in jurisdictions where it is not mandated by law, passing the exam to become a Certified Financial Planner (CFP) is highly advisable. The CFP designation increases your credibility and marketability, to potential employers and clients alike.

Source: *Job Outlook Government website. Source: ABS Labour Force Survey, annual average.

The Finance industry has a strong appeal across many age groups, which makes it both a dynamic and knowledge filled work environment. An increasing amount of young people are being drawn to a career as a financial consultant or CFP. The majority or workers in this profession are aged between 25 and 54. 6.7% of workers are aged over 65, making this a well reprsented job for older workers.

This graph shows the highest educational attainment (per cent share of employment) for this occupation compared with all occupations. CFPs tend to value education in their profession, with 38.3 per cent having a Post Graduate/Graduate Diploma or Graduate Certificate. 11.4% of the workers in this profession have a Year 12 qualification as their highest.

Source: *Job Outlook Government website. ABS 2015 Survey of Education and Work (SEW). Estimates have been rounded and consequently, some discrepancies may occur between sums of the component items and totals.

These exams are administered by the Financial Industry Regulatory Authority (FINRA, formerly the NASD) and in order to take most of these exams, sponsorship by a member firm or self-regulatory organization is required. (For more information, see Which popular professional certification exams do not require sponsorship?)

Where do Advisors Work?
More than half of all financial advisors work for finance and insurance companies, including securities and commodity brokers, banks, insurance carriers and financial investment firms.

Financial planners consistently report an increase in average annual gross earnings after receiving their CFP® certification.

Make an Impact

  • Solve financial problems
  • Help people meet their financial goals
  • Serve as trusted advisor, counselor and coach

You can make a difference at a time when more Americans are struggling to pull their finances together and plan for the future. The financial planning career path is expected to grow 41% by 2016, according to Money Magazine and Payscale.com.

CFP® Certification: The Highest Standard in Financial Planning

  • Education: Approved curriculum
  • Examination: Comprehensive exam
  • Experience: 6,000 hours experience (or 4,000 hours through the apprenticeship pathway)
  • Ethics: Strict code of conduct

Only a select group of planners have met the rigorous requirements necessary to call themselves CERTIFIED FINANCIAL PLANNER™ professionals. CFP® certification maintains rigorous standards and communicates your expertise and credibility.


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>