Financial Counselling

The Bachelor of Financial Counselling at RMIT University is a comprehensive program designed to equip students with the essential skills and knowledge needed to assist individuals and families in managing their financial situations effectively. This degree emphasizes practical learning and real-world application, providing students with a solid foundation in financial literacy, ethical practice, and contemporary issues in financial counselling. Throughout the course, students explore topics such as budgeting, debt management, financial planning, and the social and psychological factors influencing financial behaviour. The curriculum incorporates both theoretical frameworks and practical skills, preparing graduates to work confidently within varied settings, including community organizations, government agencies, and private practices.

Students will engage in a combination of coursework, case studies, and industry placements, allowing them to develop hands-on experience and professional networks. The program also covers relevant laws and ethical considerations, ensuring that graduates are well-versed in responsible counselling practices. Additionally, the course emphasizes communication skills, cultural competency, and problem-solving abilities, which are critical for effective client engagement and support. Graduates of the program are equipped to assess clients’ financial circumstances, provide tailored advice, and connect clients with appropriate financial services and resources.

The Bachelor of Financial Counselling is ideal for individuals interested in making a meaningful impact in people's lives by helping them achieve financial stability and well-being. As financial concerns become increasingly complex, qualified financial counsellors are in high demand, and this program aims to meet that demand with comprehensive and industry-relevant training. Upon completion, graduates are well-prepared for employment in diverse roles such as financial counsellors, community workers, and financial advice providers, or for further study in related fields. The program’s blend of academic rigor and practical application ensures that students are career-ready and confident in their ability to contribute positively to their communities.

The Bachelor of Financial Counselling at RMIT University is a comprehensive program designed to equip students with the essential knowledge and practical skills required to assist individuals and families in managing their financial challenges effectively. This degree emphasizes a strong understanding of financial principles, consumer rights, and social welfare policies, preparing graduates to work in diverse settings such as community agencies, government departments, and private organizations. Throughout the course, students engage with a broad curriculum that covers topics including budget management, debt reduction strategies, financial planning, crisis intervention, and the ethical considerations inherent in financial counselling. The program also explores the social and economic factors that influence personal financial trajectories, enabling students to adopt a holistic approach to client support. Practical training is a core component, with opportunities for internships and industry placements providing real-world experience. This hands-on approach ensures graduates are workplace-ready and capable of applying their theoretical knowledge in practical scenarios. Additionally, the curriculum incorporates skills in communication, problem-solving, and cultural competency, vital for effective engagement with diverse populations. Graduates of this program are well-prepared to contribute to financial literacy initiatives, advocacy efforts, and personalized client support, making a positive impact in the lives of individuals facing financial hardship. By completing this degree, students gain a thorough understanding of the financial counselling sector and develop the ethical and professional standards necessary for a successful career. This program aligns with RMIT’s commitment to practical learning and community engagement, aiming to produce graduates who are not only knowledgeable but also compassionate, responsive, and equipped to foster financial well-being within society.

Program requirements for the Bachelor of Financial Counselling at RMIT University typically include the completion of core coursework in financial counselling principles, ethics, and industry practices. Students are expected to undertake a set of compulsory subjects covering topics such as financial literacy, legal and ethical issues in financial counselling, and practical skills development. The program often requires students to complete a capstone project or practical placement to gain real-world experience. Admission prerequisites might include a minimum level of academic achievement, such as an Australian Year 12 qualification or equivalent, with some consideration for relevant work experience or prior learning in related fields. International students may need to demonstrate English language proficiency through IELTS or equivalent tests. Throughout the course, students are encouraged to develop critical thinking, communication, and problem-solving skills specific to financial counselling. The program emphasizes ethical practice, client-centered approaches, and staying updated with current regulations and policies affecting financial advice and support services. Students are also usually required to attend workshops, seminars, or industry placements that foster practical understanding of client engagement and financial planning. Upon completion, graduates are eligible to pursue careers in financial counselling, community service agencies, or further studies in related financial or social work disciplines. The program aims to prepare students comprehensively for employment by integrating theoretical knowledge with practical skills, ensuring they meet accreditation standards relevant to financial counselling roles.

Field of Study: Financial Counselling
Institution: Royal Melbourne Institute of Technology (RMIT)
Program Duration: 1 year full-time or part-time study options available
Delivery Mode: On-campus, online, or blended learning formats
Intake Periods: Multiple intakes throughout the year, typically February, July, and November
Program Fees: Approximately AUD 23,040 for domestic students; international students may have different fee structures (fees are subject to annual updates)
Funding Options: Students can explore government assistance programs such as Austudy, Youth Allowance, or student loans through the Australian Government's student financial aid system; scholarships may also be available through RMIT or external sources
Career Prospects: Graduates are qualified to work as financial counsellors, providing advice and support to clients experiencing financial difficulties; employment opportunities exist in various sectors including community services, non-governmental organizations, and government agencies
Work Placement: The program includes practical components and industry placements, enabling students to gain real-world experience and enhance employability
Accreditation: The program aligns with industry standards and is designed to prepare students for accreditation with relevant professional bodies such as the Financial Counsellors Association of Victoria (FCAV) and other relevant authorities
Additional Financial Support: RMIT offers various scholarships and grants for eligible students, along with financial advisory services to assist with budgeting and managing study-related expenses
Overall, the program is designed to provide comprehensive training in financial counselling, combining theoretical knowledge with practical skills, and preparing students for a meaningful career in helping individuals manage financial difficulties effectively.

The Bachelor of Financial Counselling at RMIT University is a comprehensive program designed to equip students with the knowledge and skills necessary to assist individuals and families in managing their financial matters effectively. The curriculum covers a broad range of topics including financial planning, debt management, budgeting, and financial literacy. Students learn about the ethical and professional standards required in the field of financial counselling, along with an understanding of the social and economic factors that impact clients’ financial wellbeing.

Throughout the course, students engage in both theoretical learning and practical application, which prepares them for real-world scenarios. The program emphasizes critical thinking, communication skills, and a client-centered approach, ensuring graduates are capable of providing empathetic and practical financial advice. RMIT’s strong industry connections facilitate internships and industry placements, giving students valuable exposure to the financial counselling profession.

To qualify, students typically complete core units such as financial literacy, counselling techniques, and legislation affecting financial services. Elective units allow students to specialize further or broaden their skills in related areas such as mental health considerations or community development. The program is often complemented by workshops and seminars with industry professionals, enabling students to stay up-to-date with the latest practices and regulations.

Graduates of the Bachelor of Financial Counselling at RMIT are prepared for employment in various settings including community organizations, government agencies, and private practice. They may work as financial counsellors, financial advisors, outreach workers, or in roles focused on financial education and advocacy. The program also provides a strong foundation for those interested in further study, such as postgraduate qualifications in social work, counselling, or financial planning.

The university's focus on practical skills alongside academic knowledge makes the program highly relevant and employable. RMIT’s commitment to social impact and community engagement ensures that students develop a strong ethical framework and a dedication to improving financial literacy and wellbeing in diverse populations. Overall, the program aims to produce competent, ethical, and socially conscious financial counsellors who can make a positive difference in their clients’ lives and contribute meaningfully to societal financial health.