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Diploma of Financial Services

FNS51815
Average Course Fee: $6600
Average Duration: 6 Months

This qualification is designed to provide a general purpose pathway into the financial services industries. It is also intended to provide an effective development option for those candidates for whom the specialist qualification pathways in the Financial Services Training Package are not yet appropriate. Individuals in these roles apply solutions to a range of often complex problems, and analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others or teams within defined guidelines.

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 Financial Services

93.4%

Satisfied with the training
37.9%

Received job-related
benefits from training
Financial Investment Adviser ( ANZSCO code 222311)
Expected job openings
Expected job openings are: above average Low Below average Average Above average High
Above average
51,800 persons were employed as Financial Investment Advisers and Managers in 2015. Job openings over the next 5 years are expected to be between 25,001 and 50,000.
Average weekly full time earnings
Average weekly full time earnings are: high Low Below average Average Above average High
High
Average weekly full time earnings before tax for Financial Investment Advisers and Managers in 2014 are: $1,753. Average earnings for all occupations are: $1,200
Source: Department of Employment. For full details on Financial Investment Advisers and Managers 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 = 10

1 core units plus

9 elective units

The elective units consist of:

  • 7 from the electives below or any Diploma qualification in the FNS Financial Services Training Package (5 units must have FNS code).
  • Of the remaining 2 units:

  • up to 2 may be from the electives
  • up to 2 may be from a Certificate IV, Diploma or Advanced Diploma qualification 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.

    Note: Where the packaging of this qualification meets the rules of a specialist qualification at this level, then the specialist qualification and not the generic qualification must be awarded. This includes where applicable, any entry requirements.

    Core Units

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

    Elective Units

    Group A

    Financial services

    FNSBNK501 Manage banking and service strategy for small business customers

    FNSBNK502 Manage services in a Business Transaction Centre

    FNSBNK503 Provide business advisory services within a financial services context

    FNSCRD503 Promote understanding of the role and effective use of consumer credit

    FNSCRD504 Manage the credit relationship

    FNSCRD505 Respond to corporate insolvency situations

    FNSCUS502 Monitor client requirements

    FNSCUS503 Review business performance

    FNSCUS504 Manage premium customer relationships

    FNSCUS505 Determine client requirements and expectations

    FNSCUS506 Record and implement client instructions

    FNSFLT501 Assist customers to budget and manage own finances

    FNSFLT502 Facilitate customer awareness of the Australian financial system and markets

    FNSFLT503 Promote basic financial literacy skills

    FNSFLT504 Facilitate customer understanding of personal financial statements

    FNSFLT505 Facilitate customer or employee understanding of superannuation as an investment tool

    FNSFMK501 Analyse financial markets and information

    FNSFMK505 Comply with financial services legislation and industry codes of practice

    FNSFMK509 Process transaction documentation

    FNSFMK510 Prepare trading strategies for clients

    FNSIAD501 Provide appropriate services, advice and products to clients

    FNSIAD502 Provide appropriate and timely information and advice to clients

    FNSINC402 Develop and maintain in-depth knowledge of products and services used by an organisation or sector

    FNSINC501 Conduct product research to support recommendations

    FNSORG501 Develop and manage a budget

    FNSORG502 Develop and monitor policy and procedures

    FNSORG503 Develop a resource plan

    FNSORG504 Monitor and supervise work practices to meet financial services regulatory requirements

    FNSORG505 Prepare financial reports to meet statutory requirements

    FNSORG506 Prepare financial forecasts and projections

    FNSORG507 Manage client service and business information

    FNSORG508 Analyse and comment on management reports

    FNSRSK501 Undertake risk identification

    FNSRSK502 Assess risks

    FNSRSK601 Develop and implement risk mitigation plan

    FNSSAM501 Apply advanced selling techniques to selling of financial products and services

    FNSSAM502 Assess market needs

    FNSSAM503 Monitor market opportunities

    Group B

    Imported units

    BSBCNV501 Take instructions in relation to a transaction

    BSBCNV502 Read and interpret a legal document and provide advice

    BSBCNV503 Analyse and interpret legal requirements for a transaction

    BSBCOM501 Identify and interpret compliance requirements

    BSBCOM503 Develop processes for the management of breaches in compliance requirements

    BSBCUS501 Manage a quality customer service

    BSBHRM506 Manage recruitment selection and induction processes

    BSBINN502 Build and sustain an innovative work environment

    BSBLEG513 Apply legal principles in corporations law matters

    BSBMKG501 Identify and evaluate marketing opportunities

    BSBMGT502 Manage people performance

    BSBMGT516 Facilitate continuous improvement

    BSBMGT517 Manage operational plan

    BSBSLS502 Lead and manage a sales team

    BSBPMG521 Manage project integration

    BSBPMG517 Manage project risk

    BSBPMG522 Undertake project work

    BSBSUS501 Develop workplace policy and procedures for sustainability

    BSBWHS507 Contribute to managing WHS information systems

    BSBWHS503 Contribute to the systematic management of WHS risk

    BSBWHS504 Manage WHS risks

    BSBWOR501 Manage personal work priorities and professional development

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    The following occupations relate to this qualification.

    Customer Service Manager (Financial Services)
    Finance Sector Supervisor
    The following industry sectors relate to this qualification.

    Broking
    Business Services
    Customer Service
    Financial Services
    Government Administration
    Local Government
    Local Government Administration



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    Course summary
    This organisation only provides assessment services for this course
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    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)

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    Name
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    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 Financial Services

    These are the outcomes of graduates surveyed six months after completing their training for Diploma of Financial Services

    Data not available for this course
    Professionals
    29.1 %

    Business, Human Resource and Marketing Professionals

    Of those employed after training, were in the same occupation as their course.
    Clerical and Administrative Workers
    60.4%
    Clerical and Administrative Workers
    Professionals
    29.1%
    Professionals
    Managers
    10.4*%
    Managers
    Median salary of those employed in their first full-time job
    (includes those employed prior to training)

    $52,200

    $44,300


    Destination
    after training
    This
    course
    Similar
    courses
    All Diploma courses
    Employed or in further study after training (%) 99.3 89.9 88.1
    Employment outcomes:
    Employed (%)
    Full-time (%)
    Part-time (%)
     
    99.3
    87.4
    11.9
     
    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*
    -
    4.4*
     
    11.5
    6.2
    16.3
     
    15.2
    6.6
    13.2
    Satisfied with the training (%) 93.4 86 84.3
    Received job-related benefits from training (%) 37.9 56 63.7
    Received personal benefits from training (%) 81.8 93 94.8
    Achieved main reason for undertaking training (%) 97.1 80.7 82
    Recommend the training to other (%) 98.5 90.7 90.1

    Employment
    status
    This
    course
    Similar
    courses
    All Diploma courses
    Median salary (Full-time) ($) - 52 200 44 300
    Top Occupations (%):
    Clerical and Administrative Workers
    Professionals
    Managers
     
    60.4
    29.1
    10.4*
     
    26.2
    24.4
    22.5
     
    30.7
    21.6
    14.5
    Top Industries (%):
    Financial and Insurance Services
     
    100
     
    14.9
     
    28.6

    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 (%) - 35.9 43.4
    Median salary (Employed full-time) ($) - 35 400 39 000
    Enrolled in further study ($) 11.9 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
    100
    Financial and Insurance Services
    Financial Services

    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".