Bachelor of Business (Financial Planning) - 2016

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Course summary

Course summary - 2016

Level: Undergraduate
Qualification: Bachelor Degree
Number of units: 24 units to complete
Provider:

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Operating Hours

Standard hours

Mon - Fri: 8am - late

Sat & Sun: 9am - 5pm

All times in Australian Eastern
Standard Time (AEST) or Australian Eastern Daylight Time (AEDT)

This course provides you the knowledge and adaptable analytical skills required in the finance service sector. The course adopts a broad-based multidisciplinary approach to business finance and the opportunity for focused, professional training in the financial planning area. You will develop the professional financial planning skills to provide effective financial advice. While the main aim of the course is to develop core skills to achieve a financial planner license, it will also expose you to the dynamic regulatory and legal environment in Australia. As a graduate of this course you will be prepared to deliver key financial and accounting services relating to personal financial planning, taxation, estate planning, insurance planning and investment and social security planning. 

Teaching and learning approaches for this course may include: online learning activities, problem-based learning, assignments, projects, and communications with industry professionals. The types of assessment used in the course may involve formal examinations, assignments, case studies, projects, and online tests.

The course includes a capstone unit  Financial Advisory Practice, this capstone experience enables you to critically reflect on and consolidate your theoretical and practical learning in this course.

As a financial planning professional you will be able to occupy roles in stockbroking, funds management, insurance, superannuation, and in other private sector or government organisations which have a requirement for high level, technical expertise in the financial planning area.

OUA Pathways

This course is an OUA Pathway course, which means there is a recommended series of units that, once successfully completed, can be credited towards this course.

OUA Pathway students also have the opportunity to study up to three free* preparatory units during their pathway studies. These units are ideal for students who either haven't studied before or haven't studied in a while, as they are designed to introduce them to online learning and what's required to achieve academic success. Students can enrol in these units at anytime during their pathway studies.

Learn more about OUA Pathways.

*The three free preparatory units are PREP03 Preparing for University Learning Intensive and PREP04 Preparing for Academic Writing and PREP05 Basic Preparatory Mathematics.

As a graduate of this course you will be able to provide value-adding financial advice that will enable your clients to make professionally informed decisions. You will be able to integrate theoretical and technical skills in a range of economic and finance applications and contexts. You will also be able to  address the specific situations and needs of clients that have different  levels of financial understanding and are from diverse cultural backgrounds.

On the successful completion of this course you will be equipped to:

  1. Apply a broad theoretical and technical knowledge of business practice in diverse contexts
  2. Apply theoretical and technical knowledge to provide in-depth specialist and professional advice related to financial markets, investments, superannuation, retirement planning, insurance and social planning
  3. Critically analyse and synthesise information to formulate effective business and financial decisions
  4. Apply reasoned judgements to solve problems in a variety of business contexts with reference to ethical, regulatory and global perspectives
  5. Reflect on performance feedback to identify and action strategies for improvement
  6. Communicate business data and concepts to professionals and non-professionals in diverse contexts
  7. Apply an adaptive and collaborative approach to working with others in a variety of business and professional contexts
  8. Apply, and integrate professional theory with practice in authentic Work Integrated Learning (WIL) contexts.

Graduates can expect to work in the private sector advising clients in personal financial planning matters, with employment pathways in stockbroking, funds management, superannuation, accounting, banking and insurance.

This degree covers most of the generalist and specialist knowledge requirements under RG146, however further study may be required to become fully compliant.

The Bachelor of Business (Financial Planning) is accredited with the Financial Planning Association of Australia (FPA). Graduates will satisfy the education entry pre-requisite for the CFP® Certification Program. Students enrolled full-time in the Bachelor of Business (Financial Planning) may apply for affiliated membership with the FPA.
 

To be eligible for a Commonwealth supported place in this degree, you must be:

  • An Australian citizen residing in Australia for all or part of your studies; OR
  • A New Zealand citizen who will be residing in Australia for the duration of your study; OR
  • The holder of a permanent visa who will be residing in Australia for the duration of your study

To learn more about Commonwealth supported places, including eligibility please see Commonwealth supported places.

You must also meet ONE of the following requirements:

  • Successful completion of 2 Core units from the Bachelor of Business (Financial Planning); OR
  • Successful completion of one full time semester (four units) towards an undergraduate degree or higher level of study at an Australian university; OR
  • Successful completion of Australian Year 12, or equivalent, with an ATAR of 65. VCE prerequisites: Units 3 and 4: a minimum study score of 25 in English (or equivalent) or 30 in English (EAL); OR
  • Successful completion of an Australian Associate Degree, Advanced Diploma, Diploma, Higher Education Diploma or equivalent.

Please note: If you are not eligible for CSP you can still enrol and study through OUA as a full fee paying student via FEE-HELP or upfront payments.

This course is an OUA Pathways course, which means there is a recommended series of units that, once successfully completed, can be credited towards this course. OUA Pathway students also have the opportunity to study up to three free* preparatory units during their pathway studies. Preparatory units are designed to introduce you to online learning and what's required to achieve academic success.

To enrol in the pathway, simply choose units from the OUA Pathways table below.

*The three free preparatory units are PREP03 Preparing for University Learning Intensive and PREP04 Preparing for Academic Writing and PREP05 Basic Preparatory Mathematics.

Students who aren't taking part in OUA Pathways can instead follow the study pattern below:

  • Complete AFE134(previously IBA134)
  • Complete FNP11
  • Complete the remaining core Level 1 units
  • Complete the core Level 2 and 3 units
  • Select and complete electives

To qualify for the Bachelor of Business (Financial Planning) from RMIT University students must complete 24 units, consisting of:

  • Nineteen core units.
  • Five elective units.
  • Students must complete at least eight RMIT OUA units to be awarded a degree
  • Students can take a maximum of 10 years to complete this degree.

Electives

Students may select electives from any units offered through Open Universities Australia. However, students should note the requirement that eight RMIT OUA units will need to be completed in order to obtain an RMIT degree. In order to satisfy this requirement, students may need to select one or more electives from the wide range of units offered through OUA by RMIT University.

Total number of units to complete: 4 units Required Elective Optional
To view the unit price, select the unit name. Check the box beside the unit to add it to your Study Cart.
Need help enrolling? Read our enrolment guide
Unit name Code Provider Availability
Tertiary Learning Strategies
SSK10 UniSA SP1 SP2 SP3 SP4
Principles of Economics
ECO11 UniSA SP1 SP2 SP3 SP4
Management Concepts (Introduction to Management)
IBA111 Griffith SP1 SP2 SP3 SP4
Accounting for Business
ACG11 UniSA SP1 SP2 SP3 SP4
Preparing for University Learning
PREP03 OUA PT 1 PT 2 PT 3 PT 4 PT 5 PT 6 PT 7 PT 8
Preparing for Academic Writing
PREP04 OUA SP1 SP2 SP3 SP4
Basic Preparatory Mathematics
PREP05 OUA PT 1 PT 3 PT 5 PT 7
Total number of units to complete: 11 units Required Elective Optional
To view the unit price, select the unit name. Check the box beside the unit to add it to your Study Cart.
Need help enrolling? Read our enrolment guide
Unit name Code Provider Availability
Accounting for Business
ACG11 UniSA SP1 SP2 SP3 SP4
Financial Accounting 1
ACG12 UniSA - SP2 - SP4
Business Law
BLW14 Curtin SP1 - SP3 -
Business Statistics
AFE134 Griffith SP1 SP2 SP3 -
Introduction to Information Technology
CPT110 RMIT SP1 SP2 SP3 SP4
Principles of Economics
ECO11 UniSA SP1 SP2 SP3 SP4
Macroeconomics 1
ECO12 UniSA - SP2 SP3 -
Personal Wealth Management
FNP11 RMIT SP1 SP2 SP3 SP4
Financial Markets
FNP12 RMIT SP1 - SP3 -
Fundamentals of Marketing
MKT10007 Swinburne SP1 SP2 SP3 SP4
Organisational Behaviour
PSYX130 Macquarie SP1 SP2 - SP4
Total number of units to complete: 5 units Required Elective Optional
To view the unit price, select the unit name. Check the box beside the unit to add it to your Study Cart.
Need help enrolling? Read our enrolment guide
Unit name Code Provider Availability
Introduction to Finance Principles
BAN23 Curtin SP1 - SP3 -
Introduction to Australian Tax Law (Previously BLW22)
BLW321 Curtin SP1 - SP3 -
Superannuation and Retirement
FNP21 RMIT SP1 - SP3 -
Law of Investments and Financial Markets
FNP22 RMIT SP1 - SP3 -
Risk, Insurance and Social Security
FNP23 RMIT - SP2 - SP4

1 This unit was previously coded BLW22

Total number of units to complete: 3 units Required Elective Optional
To view the unit price, select the unit name. Check the box beside the unit to add it to your Study Cart.
Need help enrolling? Read our enrolment guide
Unit name Code Provider Availability
Wealth Creation and Protection
FNP31 RMIT - SP2 - SP4
Investment
FNP32 RMIT SP1 - SP3 -
Financial Advisory Practice
FNP341 RMIT - SP2 - SP4

1 Capstone unit

Students may be able to receive credit for previous studies completed at other institutions. To have your credit formally assessed you must first register for the RMIT degree. You are eligible to register as soon as you have completed a minimum of two core RMIT OUA units. An administrative fee of $165 is applicable to register for an award.

Documentation will be required to support your application, such as:

  • A certified copy of an Academic Transcript with final grades for Higher Education studies
  • A certified copy of a Statement of Attainment for any completed TAFE studies
  • Course outlines showing content, learning outcomes and assessment requirements
  • An explanation of the grading structure used

Before lodging a credit transfer application students are encouraged to contact Business Central via email: business-student@rmit.edu.au

You can pay fees in one of two main ways:

Eligible OUA students can apply for loans through the Commonwealth government's Higher Education Loan Programme (HELP), which allows you to defer your fees. You pay back the loan through your taxes once your income reaches a certain level.

There are currently two types of loan:

Loan scheme Who can access it? When can I use it? How do I find out more?
Course loan
(HECS-HELP)
  • Australian citizens
    OR
  • Permanent humanitarian visa holders

After you've been admitted into an application course. (That's why we call it a course loan.)

If you complete units from different universities, each university will ask you to apply for HECS-HELP.

Find out more about
HECS-HELP
Unit loan
(FEE-HELP)
  • Australian citizens who will undertake, in Australia,
    at least one unit of study
    contributing to their course
    OR
  • Permanent humanitarian
    visa holders who will be
    resident in Australia for the
    duration of their unit
    OR
  • Permanent visa holders who
    are undertaking bridging study
    for overseas-trained professionals
    , and will be
    resident in Australia for the
    duration of their study

When you enrol in OUA units without having been admitted into an application course.

If you're studying OUA units to become eligible to apply for this course, we recommend using FEE-HELP for them. Once you've completed the units to the required standard you can apply for the course and, once admitted, switch to the course loan (HECS-HELP).

Find out more about
FEE-HELP
You can pay your fees upfront - in full at the beginning of a unit - using:
  • Credit card (Visa and MasterCard)
  • Cheque
  • Money order

You should make cheques and money orders payable to 'Open Universities Australia' and send them to:
Open Universities Australia
GPO Box 5387
Melbourne 3001
Australia