How to become a financial broker
Connect clients to lenders and help them achieve their financial goals.
Pathways to this career
- Complete a recognised degree in finance. This could include a Certificate, Diploma or Bachelor level qualification in a related field such as business, mortgage broking or finance.
- If you wish to practice as a mortgage broker, you must obtain an Australian Credit License (ACL).
- Consider joining industry associations such as the Finance Brokers Association of Australia (FBAA) to stay up to date with industry news and meet like-minded people.
What does a financial broker do?
Financial Brokers work for a commission to research, evaluate and assist clients with financial opportunities. They manage large financial exchanges and stay on top of constant market fluctuations.Duties and tasks
- Analyse clients' finances and budget and formulate a strategy to meet long-term goals.
- Ensure all transactions meet legal requirements.
- Listen to clients' goals and values, then research opportunities to meet those goals.
- Make transactions on behalf of clients via phone, internet, or in person.
- Monitor markets and stay up-to-date with trends.
- Prepare documents such as reports and statements.
Industry bodies
Related jobs
- Accountant
- Equities analyst
- Financial dealer
- Financial planner
- Investment adviser
- Investment banker
- Merchant banker
- Mortgage broker
- Stockbroker
- Trader
Discover online finance degrees
Undergraduate SCU-BFS-DEG
Postgraduate MAQ-FIN-GCE
Postgraduate USQ-FIN-MAS
Undergraduate SWI-BFN-DEG
Discover online finance subjects
Undergraduate USA-BANK1010
Postgraduate UNE-AFM531
Related degrees
Undergraduate LTU-FIN1FOF
Postgraduate TAS-BEA708
Step up your career with these resources
10 fascinating uni subjects that are open to everyone in 2025
Want to understand the psychology behind Trumpism? Push for better climate action? Or improve your cultural sensitivity in healthcare? These online subjects—and more!—are now accepting 2025 enrolments.
5 small business courses for self-starters
Whether you’re a small business owner or plotting away at a side hustle, there are many online business courses to choose from to help you get in touch with your entrepreneurial side and launch your ideas off the ground.
Humans of Open Universities Australia: Meet our Content Lead, Cat
A ‘braided river’ career path, a crystal ball moment from Bill Gates, and a heartfelt letter with complete disregard for the third wall—here's Cat.
How to negotiate a higher salary
Not sure what to say when negotiating your salary? Follow these tips from career strategist Kelly Magowan next time you need to make your case with an employer.
We're here to guide you there
Our student advisors can assist you with enrolment, help you plan your studies, and answer questions about how studying through Open Universities Australia can get you from where you are today, to where you want to be tomorrow.