Finance brokers target students for new career path launch

Australia has a shortage of young finance brokers, and the national peak body representing the industry is targeting school leavers and university students.

Earlier this year the Finance Brokers Association of Australia (FBAA) launched a campaign to attract more young brokers into the industry, due to declining numbers of brokers aged under 30.

Now it has launched free student membership to the association as a part of its new career path initiative which also includes an industry based apprenticeship program.

The new ‘Student Member’ category is designed to introduce students to the industry and allow them to learn more about career opportunities for finance brokers.

In June, the FBAA announced a strategic alliance with student organisation ‘Student Edge’, which will promote the sector to over 600,000 students across the nation.

CEO Peter White said the association has been working hard to renew the industry, which offers a rewarding and prosperous career path.

“The FBAA has been negotiating with both sides of politics, talking to student groups and doing everything possible to develop a path that will help young people choose this industry as a career choice,” he explained.

“We see this moment in time as one to take our industry out of the shadows.

“Too often, related fields in banking and accounting are considered good career options for students while finance broking is overlooked.”

Mr White said the new student membership will allow younger people to experience the industry, learn more and eventually become full time participants.

It is available to full and part time students, and while it does not provide voting rights, members will have access to training courses and workshops, networking opportunities with future employers, industry news and guidance.

Students interested in a career as a finance broker should contact the FBAA – www.fbaa.com.au