From faaa.au: To become a qualified financial adviser, one must complete an approved degree—either a Bachelor’s or a postgraduate degree—pass the Financial Adviser Exam, complete a Professional Year, adhere to the Financial Adviser Code of Ethics, and fulfill annual continuing professional development requirements.

Approved Bachelor’s degrees typically consist of 24 units and can be completed in three years full-time or six years part-time, while postgraduate options include a Graduate Diploma of Financial Planning or a Master of Financial Planning with varying costs from approximately $16,000 to $32,000.

Those changing careers with relevant qualifications may be eligible for credits towards their studies.