Australian (ASX) Stock Market Forum

Diploma of Financial Services (RG146/PS146)

Re: Diploma of Financial Services (PS146)

True Dezza, with regards to the AFSL.
 
Re: Diploma of Financial Services (PS146)

I've almost completed FINSIA/Kaplan Diploma of financial markets. Anyone know how much this is credited in university(in terms of study time)?

I'm considering continuing the post-grad but I'm really not sure. I'm 19 - no experience in the industry, just a few interviews.

I don't like the contents that is required learning at uni but I do like the learning environment(as opposed to FINSIA's emphasis on correspondence).

Thoughts? uni or finsia?
I'd like to work as trader in hedge fund or banks prop desk...
 
Re: Diploma of Financial Services (PS146)

Thoughts? uni or finsia?
I'd like to work as trader in hedge fund or banks prop desk...

As far as i know, there are 3 ways you can get to this position.

1. have a uni degree with nice grades, complete a succesfull interview and then gain a graduate role.

2. Work somewhere in the industry and then slowly move towards this. may take 5 - 10 years.

3. Have an awesome personal trading record and be able to show your results. And we are talking probably double market returns for a number of years.
 
Re: Diploma of Financial Services (PS146)

I've almost completed FINSIA/Kaplan Diploma of financial markets. Anyone know how much this is credited in university(in terms of study time)?

I'm considering continuing the post-grad but I'm really not sure. I'm 19 - no experience in the industry, just a few interviews.

I don't like the contents that is required learning at uni but I do like the learning environment(as opposed to FINSIA's emphasis on correspondence).

Thoughts? uni or finsia?
I'd like to work as trader in hedge fund or banks prop desk...

Hey RobinHood,

How was the course? How difficult are the exams? How many words are the assignments?
I am planning to do the same course starting in may. The only thing is I will be in Europe for 5 weeks and I am not sure how many subjects to choose for this trimester.

Cheers
 
Re: Diploma of Financial Services (PS146)

Course contents are solid. Exams are fine, you get the hang of it once you finish your first two. Assignments can be tedious just for the research.

A word of warning to anyone considering FINSIA:
They can be hopeless. I got my books 1 week after beginning the first stage certificate. In the second stage I was signed up one week late and received my books a week and a half after starting the course(which all adds up if you work and have pre-prepared study plans). When I had question regarding my assignment it took them 4 weeks to respond(so too late for me to apply this new information to exams) and this is only after I e-mailed them 3 or 4 times.


Otherwise, good course contents and I can definitely see them helping out in trading related roles.
 
Re: Diploma of Financial Services (PS146)

Course contents are solid. Exams are fine, you get the hang of it once you finish your first two. Assignments can be tedious just for the research.

A word of warning to anyone considering FINSIA:
They can be hopeless. I got my books 1 week after beginning the first stage certificate. In the second stage I was signed up one week late and received my books a week and a half after starting the course(which all adds up if you work and have pre-prepared study plans). When I had question regarding my assignment it took them 4 weeks to respond(so too late for me to apply this new information to exams) and this is only after I e-mailed them 3 or 4 times.


Otherwise, good course contents and I can definitely see them helping out in trading related roles.


Thanks!

How many words are the assignments? would you be able to complete an assignment in 2 days if you do let's say 8 hours/day?

Cheers,
 
Diploma of Financial Services (DFP) - Study Groups? Tutoring?

I was wondering if anyone had experiences in obtaining one-on-one tuition or was aware of an online study board when completing their Diploma of Financial Services / Advanced Diploma of Financial Services?

I spent some time searching previous postings and noticed a number of forum members were in the process of completing their DFP but noticed no postings about study resources. I tried Google but could not find a single discussion board.

In short, I am completing my DFP all expenses paid by my employer (Big 4 bank). I do not intend on becoming a financial planner but both I and the bank find it useful for me to have a general idea about financial planning.

I am a bit stuck on the Kaplan DFP4 assignment and quite time poor - I thought an hour of tutoring or doing an assignment exchange with someone else at Kaplan would be a good idea! :)

Anyone in the same boat? Or?
 
Re: Diploma of Financial Services (DFP) - Study Groups? Tutoring?

You've enrolled already?

I'm just about to finish it off, just for the opportunities it might open up.

The study groups, if people are keen aren't a bad method. Only did it once for grad diploma unit but seemed to work.

Surely being with a bank you can get some help from the other planners. I know most of my mates got help. Heck I even helped some.
 
Re: Diploma of Financial Services (PS146)

I sent in my DFP 8 assignment last week and sweating on the results now before sending in the Skills Assessment for Adv Dip FS (FP). :( Hopefully it'll be alright.

What's your query with DFP 4? It's been about a year since I did it, but hopefully still might be able to help you out...(no promises tho).

As for the Big 4, it's not "Which new bank" is it? If so, you can come visit us at work and knock off your assignment if your boss lets you.

If not, I'm sure you can ask some of your FPs in your financial institution as bvbfan said.
 
Re: Diploma of Financial Services (PS146)

Lumo..

I've just finished my DFP @ Kaplan.
Are you doing SRP?
What's your problem?
I did mine while I was in Japan and after 10 years out of Oz, so super assignment was the hardest for me as I had no one to talk to. Surely you have people at work that you can talk to regarding your questions?

Don't bother with Kaplan, they'll take 3 days to respond and then if you have a question about their respone that will take another 3 days!
Tribeca used to have phone support which was great for little problems that needed solving asap.

I'll start my ADFP soon. Have to find a job first.. (Sunny coast, Goldy) thats the hard part!:banghead:
 
Re: Diploma of Financial Services (PS146)

wow, a lot more people here doing it that i thought there would be.

I have completed DFS1 and just sent off my DFS2, so once i get that marked off i only have 2 more units to do for the standard Diploma. i might look at the advanced when im actually finished uni, and see what my employer recommends
 
Re: Diploma of Financial Services (PS146)

Who are you going through again prawn?

I want to start my ADFP but will wait for my employer to put me through!
Then looking at possibly doing CFP but have to do 18 units at uni to get that..

Question is, will it bring me that much more $$$$ for 4.5 years of effort?
 
Re: Diploma of Financial Services (PS146)

I'm still at uni atm and the DFS looks pretty good to do over the semester break.

Prawn- How much time has it taken you to complte the first 2 parts? are there any assessments where q&a but more of a role play type situation

Cheers
 
Re: Diploma of Financial Services (PS146)

Who are you going through again prawn?

Im doing mine through a co called PS146 Training.
www.ps146.com.au

Prawn- How much time has it taken you to complte the first 2 parts? are there any assessments where q&a but more of a role play type situation

The hardest thing for me, timewise is juggling this with current uni assignments.

DFS 1 only took me about 4 - 5hrs absolute max, as it is all fairly basic. DFS 2 took about double that as it is on insurance, which i had very little pevious knowledge.

In each unit there is about 18 - 20 activities, and one of those is a role-play activitie over the phone, the rest are written assesment, short answer questions.
 
Re: Diploma of Financial Services (PS146)

Cheers mate.
Have you done the role-play activitie? if so, mind telling me what it's about

What happens if you 'fail'? Will they let you resubmit free of charge?
once again, thanks
 
Re: Diploma of Financial Services (PS146)

I have done the roleplay activities for both DFS 1 & 2. Basically they just set a scene and you talk through it, such as presenting a Statment of Advice to a client.

If you 'fail' any of the exercises, they just say that you didnt pass and that you need to re-submit those particular ones, not the whole thing again. No extra cost.
 
Re: Diploma of Financial Services (PS146)

To any potential employers,

I'm currently considering going straight to a FINSIA/KAPLAN post-grad in Applied Finance and Investments, instead of university. I've already completed a diploma. The reason is that I believe in terms of value and education FINSIA is a much better option. My only concern is the emphasis employers will place on a bachelors degree. If I go to University it would only be me jumping through hoops in order to be considered by your firm for potential employment (trading/investment related) and paying exorbitant fees while I'm at it. Advice is appreciated.



P.S. I have been trading actively for three years, with extremely detailed logs.
 
Re: Diploma of Financial Services (PS146)

Depends on what you want to do.

I went the same avenue and seems a higher qualification as per Australia Qualifications Framework isn't sufficient for some jobs and they want a Bachelors Degree.

I may go back and do it, depending on whether this avenue gets me to where I want
 
Re: Diploma of Financial Services (PS146)

Decided that I will just go to Monash Commerce next year. I'd like Melbourne Uni but they refuse to recognize prior learning at FINSIA.

I'm deciding whether it is worth it continuing at FINSIA until I'm enrolled for next year (depending on how much Monash credits prior studies at FINSIA). Would anyone happen to have experience with this ?
 
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