Career Advice
Your destination for expert career guidance

Finance Broker

Find and organise loans and insurance and provide advice to clients.

What's it like to be a Finance Broker?

Financial Brokers act on behalf of their clients to find and organise loans, arrange insurance and offer advice on financial market transactions.

Tasks and duties

  • Gathering information on market conditions, commodity prices and trends and discuss these with clients, taking into account their individual financial circumstances.
  • Liaising with clients to determine their requirements and recommend loans and insurance coverage that meets their needs.
  • Maintaining relationships with banks, insurance companies and lenders to organise loads, finance and insurance for clients.
  • Preparing and lodging relevant documentation.

Financial Brokers are “go-betweens” who typically liaise with banks and credit unions on a client’s behalf to arrange home loans, life cover, income protection, commercial finance, business financial planning, car loans, insurance and investments.

Financial Brokers tend to work for banks, building societies, financial planning organisations and many work for themselves.

What can I earn as a Finance Broker?

The most common salary for a Finance Broker is between $95k and $110k
Source: SEEK job ads

How to become a Finance Broker

SEEK Learning
To work as a Financial Broker in Australia, a qualification in finance is usually required, in addition to fulfilling the registration or licensing requirements in your state.
  1. Undertake a qualification in financial broking, such as a Certificate IV in Finance and Mortgage Broking (FNS40815), Diploma of Finance and Mortgage Broking Management (CNS50315), or a Bachelor of Business (Financial Planning).
  2. If wanting to practise as a Mortgage Broker, you must have an Australian Credit Licence (ACL), obtained through the Australian Securities and Investments Commission (ASIC). Also consider joining an industry association, such as the Finance Brokers Association of Australia (FBAA).
  3. Financial Brokers with experience may wish to specialise and become a Commodities Trader, Financial Market Broker or Investment Banker.

Explore financial qualifications

Find a course that will prepare you to work in the financial broking sector.

Powered bySEEK Learning
Source: SEEK job ads and SEEK Profile data

Browse related careers by interest

See careers related to Finance Broker by field of interest.

Explore similar careers

Source: SEEK job ads and SEEK Profile data

Articles related to this career

Read more from SEEK