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Diploma of Finance and Mortgage Broking Management

FNS50315
Average Course Fee: $4098
Average Duration: 1 Year

This qualification reflects management roles in finance and mortgage broking where work is undertaken independently, through an aggregator, or involves managing a workplace team. At this level individuals are expected to apply theoretical knowledge and specialised skills in a range of situations and to display initiative and judgement in planning activities. They have autonomy in performing complex technical operations and may be responsible for the work of others within broad but generally well-defined parameters.

Licensing/Regulatory Information

No licensing or certification requirements apply to this qualification at the time of publication. However, some units will specify relevant licensing, legislative and/or regulatory requirements that impact on the unit. Refer to the FNS Implementation Guide Companion Volume for guidance on requirements.

These are the outcomes of graduates surveyed six months after completing their training for Diploma of Finance and Mortgage Broking Management

88.3%

Satisfied with the training
84.4%

Received job-related
benefits from training
Finance Broker ( ANZSCO code 222112)
Expected job openings
Expected job openings are: average Low Below average Average Above average High
Average
25,400 persons were employed as Financial Brokers in 2015. Job openings over the next 5 years are expected to be between 10,001 and 25,000.
Average weekly full time earnings
Average weekly full time earnings are: above average Low Below average Average Above average High
Above average
Average weekly full time earnings before tax for Financial Brokers in 2014 are: $1,552. Average earnings for all occupations are: $1,200
Source: Department of Employment. For full details on Financial Brokers visit Job Outlook

This course is eligible for a VET Student Loan from the Australian Government to assist you with paying for your tuition fees. Your initial debt amount (including the loan fee, if applicable) plus indexation must be paid back once you start earning over a certain amount. The compulsory repayment threshold for the 2016-2017 income year is $54,869.

For more information, visit the Department of Education and Training or StudyAssist.

This qualification is available as an Australian Apprenticeship in the states and territories shown by blue colouring in the table below.

  1. ACT
  2. NSW
  3. NT
  4. QLD
  5. SA
  6. TAS
  7. VIC
For more information on apprenticeship pathways, please visit this course on aapathways.com.au
This course may be subsidised in the following state and territories

  1. ACT
  2. NSW
  3. NT
  4. QLD
  5. SA
  6. TAS
  7. VIC

For more information about financial support and subsidies for training, please refer to the Financial assistance page

Total number of units = 15

10 core units plus

5 elective units

The elective units consist of:

  • 3 from the electives below.
  • Of the remaining 2 units:

  • up to 2 may be from the electives
  • up to 2 may be from Certificate IV, Diploma or Advanced Diploma in any currently endorsed training package or accredited course.
  • The elective units chosen must be relevant to the work outcome and meet local industry needs.

    Core Units

    BSBRSK401 Identify risk and apply risk management processes

    FNSCUS501 Develop and nurture relationships with clients, other professionals and third party referrers

    FNSFMB401 Prepare loan application on behalf of finance or mortgage broking clients

    FNSFMB402 Identify client needs for broking services

    FNSFMB403 Present broking options to client

    FNSFMB502 Identify and develop broking options for client s with complex needs

    FNSFMB503 Present broking options to client with complex needs

    FNSFMB504 Implement complex loan structures

    FNSFMK505 Comply with financial services legislation and industry codes of practice

    FNSINC401 Apply principles of professional practice to work in the financial services industry

    Elective Units

    BSBINM401 Implement workplace information system

    BSBMGT502 Manage people performance

    BSBMGT517 Manage operational plan

    BSBMGT605 Provide leadership across the organisation

    BSBSMB405 Monitor and manage small business operations

    BSBSUS501 Develop workplace policy and procedures for sustainability

    BSBWHS303 Participate in WHS hazard identification, risk assessment and risk control

    FNSFMB501 Settle applications and loan arrangements in the finance and mortgage broking industry

    FNSORG502 Develop and monitor policy and procedures

    FNSPRM601 Establish, supervise and monitor practice systems to conform with legislation and regulations

    FNSPRM602 Improve the practice

    FNSPRM603 Grow the practice

    FNSRSK501 Undertake risk identification

    FNSRSK502 Assess risks

    FNSRSK602 Determine and manage risk exposure strategies

    TAEDEL402 Plan, organise and facilitate learning in the workplace

    Read More

    Find a course unit



    The following occupations relate to this qualification.

    Finance Broker
    Insurance Broker
    Insurance Broking Manager
    Mortgage Broker
    Mortgage Broking Manager
    The following industry sectors relate to this qualification.

    Broking
    Business Services
    Financial Services



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    Training Provider Comparison

    Course summary
    This organisation only provides assessment services for this course
    For more information about this provider’s delivery of , please contact the training provider directly.
    Provider code:
    Course length:
    Study mode:
    Course available as an Australian Apprenticeship or Traineeship
    Provider description
    Course fees
    Duration
    Online delivery

    Online (training available online or via email submission)

    This provider has not supplied specific information about their delivery of

    Please contact them below for further details

    ENQUIRE NOW

    Training provider summary
    This training organisation provides:
      Delivery and assessment services.
      Assessment only services.
      Courses of study through Australian Apprenticeships and Traineeships.
      Recognition for prior learning.
      Financial assistance via VET Student Loans.
    Training provider type
    Registration status
    Subsidies
    This training provider is authorised to deliver subsidised courses in the following states and territories
    1. ACT
      ACT
    2. NSW
      NSW
    3. NT
      NT
    4. QLD
      QLD
    5. SA
      SA
    6. TAS
      TAS
    7. VIC
      VIC
    8. WA
      WA
    Training options
    This training provider offers courses in the following delivery modes:

    The following facilities are required at the training site:

    Offsite training is avaliable in the following locations:
    Within a radius of Km from
    Limited to the following cities:
    Limited to the following postcodes:
    Online (training available online or via email submission)
    Distance (training available via correspondence)
    Attendance required (training includes some fixed-time online lectures or fixed time class components)
    Fixed submission dates (assessment pieces have set submission dates)
    Self-paced (training has no set class times of set submission dates)

    Facilities
    Services
    Name
    Phone
    Fax
    Email
    Address
    Training organisation website
    Course enrolment webpage
    APPLY FOR THIS COURSE

    RTO Code: | Type: | Operating since
    Course fee: not provided
    Subsidies available
    VET Student Loan eligible
    Duration: not provided
    Available online
    This organisation only provides assessment services for this course

    Course always available

    The following facilities are required at the training site:

    Offsite training is avaliable in the following locations:
    Within a radius of deliveryItem.Radius Km from
    Limited to the following cities:
    Limited to the following postcodes:
    Online (training available online or via email submission)
    Distance (training available via correspondence)
    Attendance required (training includes some fixed-time online lectures or fixed time class components)
    Fixed submission dates (assessment pieces have set submission dates)
    Self-paced (training has no set class times of set submission dates)

    This RTO can offer VET Student Loans for certain approved courses. A VET Student Loan is a capped loan from the Australian Government to help you pay your tuition fees. Your initial loan debt amount (loan and loan fee, if applicable), plus indexation, must be paid back once you start earning over a certain amount. The amount for the 2016-2017 income year is $54,869.

    For more information, visit the Department of Education and Training or StudyAssist.


    Contact information
    Name
    Phone
    Fax
    Address
    Training organisation website Campus website
    Student outcomes for Diploma of Finance and Mortgage Broking Management

    These are the outcomes of graduates surveyed six months after completing their training for Diploma of Finance and Mortgage Broking Management

    71.4%

    Of people who were not employed before starting their course were employed after completing it.
    Professionals
    56.7 %

    Business, Human Resource and Marketing Professionals

    Of those employed after training, were in the same occupation as their course.
    Professionals
    58.6%
    Professionals
    Clerical and Administrative Workers
    17.9%
    Clerical and Administrative Workers
    Managers
    15.7%
    Managers
    Median salary of those employed in their first full-time job
    (includes those employed prior to training)

    $56,300

    $52,200

    $44,300


    Destination
    after training
    This
    course
    Similar
    courses
    All Diploma courses
    Employed or in further study after training (%) 91.3 89.9 88.1
    Employment outcomes:
    Employed (%)
    Full-time (%)
    Part-time (%)
     
    88.1
    65.6
    22.5
     
    82.2
    61.2
    20.7
     
    78.4
    46.3
    31.9
    Further study outcomes:
    Enrolled at University (%)
    Enrolled at TAFE (%)
    Enrolled at Other provider (%)
     
    4.4*
    0
    8.8*
     
    11.5
    6.2
    16.3
     
    15.2
    6.6
    13.2
    Satisfied with the training (%) 88.3 86 84.3
    Received job-related benefits from training (%) 84.4 56 63.7
    Received personal benefits from training (%) 88.1 93 94.8
    Achieved main reason for undertaking training (%) 90.8 80.7 82
    Recommend the training to other (%) 91.4 90.7 90.1

    Employment
    status
    This
    course
    Similar
    courses
    All Diploma courses
    Median salary (Full-time) ($) 56,300 52 200 44 300
    Top Occupations (%):
    Professionals
    Clerical and Administrative Workers
    Managers
     
    58.6
    17.9
    15.7
     
    26.2
    24.4
    22.5
     
    30.7
    21.6
    14.5
    Top Industries (%):
    Financial and Insurance Services
    Professional, Scientific and Technical Services
     
    76.4
    6.4*
     
    14.9
    13.9
     
    28.6
    10.3

    Employment
    status
    This
    course
    Similar
    courses
    All Diploma courses
    Employed after training (%) - 92.3 89.3
    Median salary (Employed full-time) ($) - 54 900 46 800
    Enrolled in further study (%) - 32.5 33.3
    Satisfied with the training (%) - 86.4 84.6
    Achieved main reason for undertaking training (%) - 83.4 84.9

    Employment
    status
    This
    course
    Similar
    courses
    All Diploma courses
    Employed after training (%) 71.4 35.9 43.4
    Median salary (Employed full-time) ($) - 35 400 39 000
    Enrolled in further study ($) 13.2 41.4 40.1
    Satisfied with the training (%) - 84.4 83.8
    Achieved main reason for undertaking training (%) - 67.2 73.3

    Please Note:
    All statistics are supplied by the National Centre for Vocational Education Research.
    * The estimate has a relative standard error greater than 25% and therefore should be used with caution.
    ** NCVER does not report on estimates based on less than 5 respondents because the estimates are unreliable.
    For more information, please refer to the Statistics Explained page.

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    Financial and Insurance Services
    76.4
    Financial and Insurance Services
    Professional, Scientific and Technical Services
    6.4*
    Professional, Scientific and Technical Services
    Financial Services
    Stream Certificate II Certificate III Certificate IV Diploma Advanced Diploma
    Financial Planning          
    Banking and Credit Services          
    Superannuation          
    General          
    Personal Injury Management Insurance          
    Trust Administration          
    Accounting          

    Note: Information provided as a guide only.  Chart developed by the Australian Apprenticeships & Traineeships Information Service (aatinfo.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".