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A Finance Broker helps clients to secure loans from banks and other financial institutions. You might meet with customers to discuss their needs and find available loan options. Finance Brokers liaise with banks, credit unions and building societies and assist clients with their loan applications. You might prepare and submit paperwork on their behalf.
Finance Brokers should have good interpersonal abilities and strong customer service skills. It’s important you are organised and can complete a range of administrative tasks. Finance Brokers must be able to manage multiple clients at one time and complete their work according to strict deadlines.
There are 4 courses available for people who want to become a Finance Broker.
Possible job outcomes:
The FNS50322 Diploma of Finance Mortgage Broking Management (Upgrade) addresses essential requirements for mortgage finance professionals in the current regulatory landscape. It builds on students' existing knowledge and experience, reflecting management roles where work may be independent, through an aggregator, or involve team management. Individuals apply theoretical knowledge and specialised skills, show initiative and judgement, perform complex technical operations autonomously, and may oversee others' work within broad but generally well-defined parameters. Enquire now for the full list of elective choices, entry requirements, and available enrolment dates..
Average duration: 12 months.
The FNS50322 Diploma of Finance and Mortgage Broking Management (Accountants and Financial Planners) is designed for experienced Accountants and Financial Planners seeking to transition into Finance or Mortgage Broking. The qualification covers essential skills and knowledge, combining assessment-based learning with supporting evidence. It prepares individuals for management roles, where they apply theoretical knowledge and specialised skills, demonstrating initiative and judgement. They work independently or manage a team, operating within broad but well-defined parameters. Enquire now for the full list of elective choices, entry requirements, and available enrolment dates..
Average duration: 9 months.
The FNS40821 Certificate IV in Finance and Mortgage Broking (Accountants & Financial Planners) is a tailored solution for accountants and financial planners seeking to transition into finance or mortgage broking. This stream evaluates professional skills against qualification units and combines assessment-based learning with evidence provision. It reflects the role of individuals applying theoretical and technical knowledge autonomously, exercising judgement in routine mortgage and finance broking activities. Enquire now for the full list of elective choices, entry requirements, and available enrolment dates..
Average duration: 6 months.
Launch your career as a finance professional with the FNS50322 Diploma of Finance and Mortgage Broking Management. This nationally recognised diploma qualifies you for work as a mortgage broker, insurance broker, and relationship manager in the financial services industry. The course covers: identifying client needs, presenting credit options, understanding special financial circumstances, preparing loan applications, complying with legislation and industry codes of practice. Enquire now for the full list of entry requirements, finance broking career outcomes, and upcoming enrolment opportunities near you. IMPORTANT: if you require an ASIC accreditation, please contact the training provider before enrolling to ensure you select the correct elective units..
In Australia, a full time Finance Broker generally earns $1,350 per week ($70,200 annual salary) before tax. This is a median figure for full-time employees and should be considered a guide only. As you gain more experience you can expect a potentially higher salary than people who are new to the industry.
The number of people working in this industry is expected to grow strongly in coming years. There are currently 12,700 people employed in this sector in Australia and many of them specialise as a Finance Broker. Finance Brokers may find work across all regions of Australia, particularly larger towns and cities.
Source: Australian Government Labour Market Insights
If you’re planning a career as a Finance Broker, consider enrolling in a Diploma of Finance and Mortgage Broking Management. This course covers topics including identifying client needs, presenting credit options, understanding special financial circumstances, preparing loan applications and complying with legislation and industry codes of practice. A Bachelor of Business (Financial Planning) or a Bachelor of Financial Planning may also be suitable.
We’ll find nearby campuses and check if you’re eligible for funding in your state.
Here are some potential career pathways within banking and credit services and financial counselling. Click on an occupation to learn more about the role and the qualifications that can help you get started in this industry.
Banking and Credit Services
Bank Teller
$960 weekly pay
Banking Officer
$1,150 weekly pay
Collections Officer
Entry Level Credit Analyst
Personal Banking Advisor
Banker
$1,540 weekly pay
Credit Analyst
$1,250 weekly pay
Credit Controller
$1,340 weekly pay
Credit Officer
Finance Broker
$1,350 weekly pay
Finance Specialist
$1,630 weekly pay
Fraud Analyst
$1,400 weekly pay
Lending Officer
Loan Administrator
Mortgage Broker
Settlements Officer
Bank Manager
$2,400 weekly pay
Chartered Financial Analyst
$1,500 weekly pay
Corporate Treasurer
$5,944 weekly pay
Credit Manager
$1,820 weekly pay
Credit Specialist
Financial Engineer
International Banker
Investment Banker
Investment Banking Analyst
Financial Counselling
Financial Counsellor
$1,530 weekly pay
Credit Risk Analyst
Finance Consultant
Senior Financial Analyst
Tax Consultant
Learn more about Finance Broker courses in your area.