Diploma of Financial Counselling

CHC51115
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Course Overview

JobTrainer eligible course

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Average Course Fee: $8000

$8000 is the average course fee entered on My Skills by 9 training provider(s).

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Average Course Duration: 18 Months

18 Months is the average course duration entered on My Skills by 7 training provider(s).

A guide to durations can be found at Australian Qualifications Framework. Not all training providers enter this information on My Skills. Contact each training provider directly for further information. 
Description

This qualification reflects the role of financial counsellors working in the following two contexts.

  • Generalist financial counsellors who work in a variety of agencies that meet the requirements for the Australian Securities and Investments Commission (ASIC) exemption from a financial services or credit licence under ASIC class order 10/1063. Financial counsellors work across a variety of metropolitan, rural and remote settings.
  • Rural financial counsellors who undertake specialised financial counselling work that assists primary producers and rural small business owners in debt, and are employed in agencies funded for this purpose. These agencies meet the requirements for the ASIC exemption from a financial services/credit licence by meeting the conditions of ASIC class order 11/926.

    • All financial counsellors have specialist knowledge of legal remedies and options to manage debt and financial difficulty and are advocates who work in a model of social justice and client empowerment.

    This qualification is NOT related to the work performed by financial planners or financial advisers whose role is to provide clients with strategies to address their investment options and require a financial services licence for their work under the National Consumer Credit Protection Act 2010. This qualification is also not appropriate for financial capability workers.

    This qualification does NOT refer to therapeutic counselling. Psychological issues, which affect individuals, families and groups such as gambling, substance abuse, child abuse and mental or physical health problems require referral to a professionally qualified practitioner However, a recognition of, and an ability to work within, a counselling framework and the way in which other issues may interact with financial issues is highly relevant to financial counselling practice.

    To achieve this qualification, the candidate must have completed 220 hours of work as detailed in the Assessment Requirements of units of competency.

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    Student Outcomes

    Students who graduate from VET courses are surveyed approximately 6 months after they have completed their training. For more information on the statistics provided in this section, including the different levels (course, field of education, all fields of education) of data available please select the Learn more button below.

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    Satisfied with Training

    Percentage of graduates in the Society and Culture field who were satisfied with the training (Diploma).

    Improved Work Status

    Percentage of graduates of this course who started/expanded a business or who have a new job, more highly skilled work, a promotion or higher pay.

    Salary

    The middle of the range of salaries earned by graduates in the Society and Culture field starting their first ever full-time job after graduating (Diploma).

    Jobs

    Graduates of the Society and Culture field (Diploma) are most often employed as:

    Community and Personal Service Workers

    40.6%

    Community and Personal Service Workers
    Professionals

    24.1%

    Professionals
    Clerical and Administrative Workers

    15.1%

    Clerical and Administrative Workers

    Industries

    Graduates of the Society and Culture field (Diploma) are most often employed in:

    Health Care and Social Assistance

    28.5%

    Health Care and Social Assistance
    Education and Training

    19.9%

    Education and Training
    Public Administration and Safety

    11.2%

    Public Administration and Safety

    All statistics are supplied by the National Centre for Vocational Education Research.

    Financial Assistance

    The federal, state and territory governments provide financial incentives and support for vocational education and training students to help them gain the skills required to secure and maintain rewarding and sustainable employment.

    There are programs for all kinds of students; apprentices and trainees, new job starters, those re-entering the workforce, retraining for a new job or upgrading their skills for an existing job.

     

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    JobTrainer

    If you are leaving school or looking for work, you may be able to study a free or low-fee course through JobTrainer.

    For information on courses and occupations that may be available in your region, please select your state or territory.

    Subsidised Training

    The following highlighted state and territory governments dedicate funds to reduce or, in some cases, fully cover tuition fees for VET students who wish to study this course. Please check with your preferred training provider to see if you are eligible.
    Select a state or territory for more information.

    VET Student Loans

    This course is eligible for a VET Student Loan from the Australian Government to assist students with paying tuition fees. The maximum amount that can be loaned for this course is $16,077.

    The initial debt amount (including the loan fee, if applicable) plus indexation must be paid back once the loan recipient starts earning over a certain amount. The compulsory repayment threshold for the 2019-20 income year is $45,881.


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    Career Information

    Career development is the ongoing process of managing your life, learning and work. It involves developing the skills and knowledge that enable you to plan and make informed decisions about your education, training and career choices.


    Community Services Career Pathway

    Diploma of Financial Counselling is in the Society and Culture Field of Education. For more information about this kind of career, you can explore Community Services.


    Stream

    Counselling

    Certificate II

    Certificate III

    Certificate IV

    Diploma

    Advanced Diploma

    Stream

    Youth Work
    Youth Justice
    Children’s Services - Early Childhood & School Age Education and Care
    Education and School Support
    Child, Youth & Family Intervention
    Community Services Work - General
    Pastoral Care
    Social Housing
    Aged and Disability Home and Community Care
    Alcohol & Other Drugs
    Mental Health
    Celebrancy
    Case Management
    Career and Employment Services

    Certificate II

    Certificate III

    Certificate IV

    Diploma

    Advanced Diploma

    Note: Information provided as a guide only. Chart developed by the Australian Apprenticeships & Traineeships Information Service (aapathways.com.au). Information in this chart may be reproduced with acknowledgement of its source: "The Australian Apprenticeships & Traineeships Information Service (aapathways.com.au/jpc) funded by the Australian Government Department of Education and Training".



    Apprenticeships and Traineeships


    Australian Apprenticeships can provide a pathway to a career change for people looking to re-enter the workforce and for people who are currently working. Australian Apprenticeships combine work with training in a national recognised qualification.

    This qualification is available as an Australian Apprenticeship or Traineeship in the state and territories coloured in blue on the map.

     


    Australian Apprenticeships Pathways

    Map of Australia ACTNSWNTQLDSATASVICWA

    Training Providers

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    USI

    All students undertaking nationally recognised training must have a USI in order to receive a qualification.

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    Labour Market

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    First released in: CHC Community Services

    Supersedes: CHC52108 Diploma of Community Services (Financial counselling)

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