Risk management is not about choosing knitting over parachuting or watching sharks in an aquarium instead of diving with them in the sea. It’s about identifying and assessing financial risks and taking steps to avoid or mitigate them. Risk management is best undertaken by qualified financial planners. Perth is full of schools and colleges that offer accredited financial planning courses.
Financial risks come in a variety of guises; economic uncertainty is one, natural disasters are another. Some risks you can anticipate and some you can’t. But even when you can’t anticipate risks you need to be prepared for them, and this is where risk management and financial planning come in. If risk managers identify several risks, they have to identify and begin with the ones that are most likely to occur and work their way down to the least likely risks. This ability to recognise and prioritise risks comes with experience and a good education.
Risk managers can work for private individuals to assess personal financial risk, or with corporations and businesses to minimise enterprise risk.
Risk Management and Financial Planning courses in Perth
Curtin University, based in Perth, offers several financial planning courses, such as Bachelor of Commerce (Financial Planning), which is accredited by the Financial Planning Association of Australia and sets students on the road to become Certified Financial Planners. It includes courses in estate planning, derivative securities, finance (plan construction), finance (risk and insurance), taxation and retirement planning. Curtin’s Graduate School of Business, based at the Perth city campus, also offers a Master of Financial Planning degree, which includes courses in risk management portfolio management and retirement and estate planning.
Investment Banking Institute Australia offers classes for its Diploma of Financial Services (Financial Planning) in Perth on demand. The diploma includes courses on risk management, superannuation, investment planning and advanced financial planning advice.
Murdoch University in Perth offers a Bachelor of Commerce (Finance) degree with courses in finance and banking, investment analysis, derivative securities and corporate finance.
Edith Cowan University, also based in Perth, offers a Graduate Certificate of Business (Finance), with courses that include economics, finance and financial markets, as well as Graduate Diploma of Business (Finance) with courses on personal risk management planning, retirement planning, financial modelling and international economics and finance. Finally, it also offers Master of Finance by Research and Master of Professional Finance and Banking degrees for want to further their careers as financial advisors and bank and investment managers in Perth.
Financial planning courses allow students to follow a variety of careers related to business and finance. So, once you’ve earned your TAFE diploma or advanced diploma, you’re free to pursue a career that doesn’t necessarily involve financial planning at all. The courses give you a skillset that enables you to thrive in just about business or financial endeavour, because you have the ability to spot risk, determine financial patterns and think your way to a financially sound future.