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Career options: Financial Planning


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Career options: Financial Planning

  1. 1. Career options: Financial Planning & Investment Financial planners develop and implement financial plans for their clients. Some of the areas a financial planner will advise on are: retirement planning, superannuation, taxation, debt management, insurance and risk, estate planning, managed investments, securities and futures markets. Financial planners may also specialise in such areas as: ethical investments, loans and mortgage advice, taxation advice and more. An investment officer invests revenue (income) from clients' premiums in government, commercial and stock market operations on behalf of their company, and assists in the financial management of properties owned by the company. Financial planners may perform the following tasks: gather clients' financial data such as income, cash flow, debts, loan repayments, investments and living expenses; identify clients' goals, objectives and their attitude to risk; analyse clients' financial status in regard to their objectives and identify any issues or problems; prepare a written financial plan; assist clients in implementing the financial plan; regularly review and revise plans based on changes in the client's needs and changes in investment markets and the economy; refer clients to obtain services outlined in the financial plan such as banking or insurance; and keep up personal knowledge of changes in legislation. In addition to knowledge and skills directly related to your program of study, you have also developed a range of other skills (e.g. teamwork, analytical, communication) through academic study, employment, voluntary work, sporting activities and life experience. These are often referred to as transferable skills because they can be utilised in different environments. Recognising the value employers place on these skills is an important factor in your graduate job search. Occupations and industries Financial Planning & Investment graduates are employed in a wide range of occupations and industries including: Brokerage firms Smaller accountancy practices Trust companies Financial partnerships Insurance firms Commercial banks Portfolio management firms Sole practitioners Investment banks Financial planning consultancies Positions and employers Many graduate employers recruit from a wide range of disciplines. The major directory of graduate recruitment in Australia, Graduate Opportunities, lists employers by the disciplines from which they are recruiting. You might be surprised by the range of employers recruiting from your degree and the sectors of the workplace where you might establish a career. Examples of positions and employers include: Financial Counsellor Relationships Australia Financial Markets Dealer Suncorp-Metway Ltd
  2. 2. Financial Planner Boss Strategies Pty Ltd Financial Planner Donegal Financial Planning Financial Planner National Australia Bank Financial Planner Professional Investment Services Pty Ltd Financial Planner CFP Michael J Perry Financial Planning Officer Commonwealth Bank Investment Advisor Citibank Stockbroker Glensidge Equities Stockbroker Tricom Equities Financial Planning and Technology Assistant AXA Financial Planner SCE Accounting Services Some sample job advertisements Financial Planning/Trainee Paraplanner An opportunity exists for an energetic and motivated person to get involved in all aspects of Paraplanning. Our company provides a high level service in administration of self managed super funds and financial planning. The successful candidate will be a Graduate in Financial Planning or Accounting who is interested in developing a career in Financial Planning. The role involves working closely with advisers and our highly trained technical team to assist in providing plan preparation, updating client portfolios and date bases, and compliance management. Candidates should be well presented, possess strong organisational and time management skills, have excellent communication skills (written and verbal) and have a strong commitment to Professional Service. Financial Planner – Entry Level • Comprehensive training • Career opportunities • Competitive salary package The National Australia Bank has a vacancy for an entry-level financial planner. In this role you will be responsible for developing strategies that assist clients in achieving their financial goals. You will work in a supportive team environment, networking and building relationships with business partners to source referral opportunities, with an emphasis on quality advice and superior client service. The successful candidate will have excellent communication skills, real thirst for closing the deal, outstanding interpersonal and relationship management skills and a high-level of initiative, enthusiasm and professionalism. Preferred candidates for this position will be asked to undergo probity checks along with sales and behavioural assessments before any offer of employment is made. Stockbroking Career • Recruiting by Winning Attitudes Finance Recruitment Specialists • Exposure to a wide range of stockbroking and financial market products • Prestigious CBD identity • Supportive team environment
  3. 3. This is a tremendous opportunity to embark on a career with one of Australia’s leading stockbrokers and providers of a wide range of banking and financial products and services. You will be part of a dedicated professional and supportive team dealing with a premium client base. Your role as a client service representative will be to provide information on various stockbroking products, open new accounts and facilitate the process of trading shares. Although comprehensive training is provided, previous exposure to the share market or financial services or banking industries together with a tertiary education will be highly regarded. Candidates will be able to contribute their: • Natural flair for customer service with the ability to focus on detailed concepts • Experience in telephone or face to face customer service role • Solid PC literacy • Enthusiasm to continually learn The role provides exposure to a wide range of financial products and services, and a well located CBD office. Vacancies on-line Australia • Ambit • Australian Defence Force Recruiting • Australian Job Search • Australian Public Service recruitment • Brisbane City Council vacancies • Byron Employment • Careerone • Drake International • Graduate Opportunities (major directory of graduate recruitment in Australia) • Hays Personnel Services • Hudson Recruitment • Job Serve • Michael Page International • Mycareer • New South Wales Government jobs • ProBono Australia (Skilled professionals voluntary positions in not for profit organisations) • Queensland Government Jobs • Recruitment Consultants in Australia (Searchable by Industry sector) • Seek Campus (specialist Australian graduate recruitment) • Unijobs (vacancies in Australian universities) International • Academic careers (Academic vacancies worldwide) • Alpha-Maps (specialist Asian graduate recruitment) • Contact Singapore • Hobsons Careers in Asia (specialist Asia graduate recruitment) • Eurograduate live (specialist European graduate recruitment) • Going Global (Over 10,000 job vacancies listed across Europe, Asia-Pacific, UK, US. Global key employer directories, work permits & visa regulations, country specific cultural & interviewing advice & more) • (specialist Irish graduate recruitment) • Hobsons Careers in Asia (specialist graduate recruitment)
  4. 4. • (paid & voluntary positions in non-profit organisations globally) • Malaysia: Graduan (specialist Malaysian graduate recruitment) • Off-shore Employment Links for Australian Professionals (Provides links and information for vacancies within international government and non-government organisations) • Prospects Web UK (specialist UK graduate recruitment) • Quintessential Careers (specialist US graduate recruitment) • United Nations competitive recruitment examination • United Nations graduate internships Targeting potential employers Many work opportunities are not advertised. It is common practice for jobseekers to search out these opportunities. When approaching potential employers, conducting research to identify links between your selling points (your skills, experience, interests and qualifications) and an employer’s needs, increases your chances of success. Research will also reduce the number of approaches you need to make, saving you time in the end. Developing and using your personal and professional networks is also a valuable tool in finding these ‘hidden’ opportunities. Australia • Accounting firms in Australia • Advertising agencies in Australia • Australian Mining Directory • Australian Government Departments & Agencies • Australian Universities • Australian Newspapers • Australian Stock Exchange (ASX) listed companies • Austrlian Suppliers Directory (AUSTRADE) • Banking & Finance Companies in Australia • Chambers of Commerce & peak industry groups in Australia • Law firms in Australia • Directory of the meetings & events industry in Australia • FilmTV biz • Financial planning & investment advice companies • Foreign consulates in Australia • Foreign embassies in Australia • Infrastructure & utilities companies • Insurance Companies in Australia • Investment Funds Management companies • Logistics Consultants in Australia • Market & social research companies in Australia • Not for Profit organizations in Australia • Property industry directory • Public Relations Consultants in Australia • Recruitment consultants in Australia (searchable by industry sector) • Stockbroking companies in Australia • Top 2000 Australian company profiles International • Airlines worldwide • Australian Embassies, high commissions, consulates & multilateral missions • Banks worldwide • Chambers of Commerce worldwide • CPA firms worldwide
  5. 5. • Embassies & consulates worldwide • Governments worldwide • Newspapers worldwide • Stock exchanges worldwide • The 500 largest companies in America (Fortune Magazine listing) • The 500 largest companies in the world (Fortune Magazine listing) • China: Members of the Australia Beijing Chamber of Commerce • China: Australia Shanghai Chamber of Commerce members • Hotel chains worldwide • Malaysia: Australia Malaysia Business Council members • Singapore: Australian Chamber of commerce Singapore members • Thailand: Australia Thailand Chamber of Commerce • Universities worldwide Employment prospects and starting salaries Gradsonline provides information on employment rates and median starting salaries by field of study, for Australian university graduates surveyed four months after graduation. Information on occupations Australia-wide, such as the size of the workforce, employment prospects and average weekly earnings is available from JobOutlook. Professional associations Joining a professional association is a great way to meet people in your field, who can assist you to explore your career options and potentially find employment opportunities. These associations exist in every field of employment and hold regular professional development and networking events. Students are welcome to join, and membership often costs as little as $50 per year. • Association of Risk & Insurance Managers of Australia • Australian & NZ Institute of Insurance & Finance • Australian Financial Markets Association • Australian Human Resources Institute • Australian Institute of Credit Management • Australian Institute of Management • Australian Institute of Training & Development • Australian Marketing Institute • Australian Property Institute • Brisbane Junior Chamber of Commerce • Business Educators' Association of Queensland • Chartered Secretaries Australia • CPA Australia • Economic History Society of Australia & New Zealand • Economic Society of Australia • Economics associations worldwide listing • Finance & Treasury Association • Financial Planning Association of Australia • Financial Services Institute of Australasia • Future Directions: Young People in Property • Gold Coast Junior Chamber of Commerce • Institute of Chartered Accountants in Australia • Institute of Internal Auditors Australia • Institute of Management Consultants • Institute of Public Administration Australia • Junior Chamber International • Market & Social Research Society of Australia • Modelling & Simulation Society of Australia & New Zealand
  6. 6. • Mortgage & Finance Association of Australia • National Tax & Accountants Association • Risk Management Institution of Australia • Society of Business Communicators • Statistical Society of Australia • Advance Global Australian Professionals