What does it take to... (1 Viewer)

[LaZy_KoReAn]

What does it take to become a Financial Planner?

Are Financial Planners well respected position to be in?

What's the difference between a Financial Planner and Accountant?

If you know anything, let me know please.

 

[Minai]

Firstly, enrol in a Bachelor of Commerce and do a Finance major, along with either Accounting, or Economics double major
I dunno how respected they are in terms of other ppl
But the major difference with a Financial Planner and an Accountant is that an Accountant is in charge of preparing financial statements, reviewing these statements, and reporting to management of a company, as well as auditing - whereas a Financial Planner would be focussed on a client basis, where they work out the best returns on investments and such stuff like that

 

[LaZy_KoReAn]

What's the difference between major and double major??

What is the typical workload for commerce, and how flexible is Uni?

I see you do commerce as well... what majors do you do yourself?

Thanks.

 

[Lexicographer]

Financial planners are, in the financial sphere, well respected but regarded with caution. Becuse you will probably be acting on an individual basis (one-to-one) the potential for corruption (and plain ineptitude) is quite high, and malpractice suits (though not as common as portrayed) attract a lot of media attention. As a financial planner you would be managing the assets and investments of your clients, with varying levels of power over how these assets are handled.

As for respect, if you mean respect from regular people then it's generally moderate to high. Of course, this all depends on people's individual experiences with financial professionals (accountants, financial planners, tax agents, and [God forbid] actuaries) so you may get people who think you're lower than lawyers.

 

[Minai]

Originally posted by LaZy_KoReAn
What's the difference between major and double major??

What is the typical workload for commerce, and how flexible is Uni?

I see you do commerce as well... what majors do you do yourself?

Thanks.

A single major is just taking 1 specialisation (ie Accounting), whereas a double major is 2 specialisations (ie Accounting and Finance). There is no difference in the workload - if u do a single major, u have to do a whole heap of free electives, and if u do a double major, u dont have to do as much electives.

Typical workload...13 or so hours a week of contact (ie lectures, tutorials and sometimes labs), and a few hours of homework a week if u choose to keep up with the lectures

how flexible is uni? be more specific

I major in Accounting and International Business

 

[LaZy_KoReAn]

Thanks for all your responss

Flexible i meant in lifestyle balance don't worry i read over this website
http://www.unsw.edu.au/futureStudents/undergrad/ced/unswlife.html

That cleared up my questions perfectly, thanks

 

[Raiks]

The amount of hours you want to put in for the course per a week is entirely upto you... as Minai said, 13 hours is usually around the mark but if you spend time at the unibar etc, it can easily get down to 4-5 hours per a week which is the compulsory tutorial sessions each week.... and trust me, it happens. Some subjects, you quickly learn that the only lectures worth turning upto are the 1st and last of the semester.