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Difference between Applied Finance and Financial Planning?

Discussion in 'General Investing Discussion' started by ray6663, 1st Jan, 2011.

  1. ray6663

    ray6663 New Member

    Joined:
    10th Jun, 2010
    Posts:
    3
    Location:
    Sydney, NSW
    Hi,

    I am new to this forum, as well as in finance industry but i am interested in finance and thinking about to get some courses in finance.

    What would the best way/course and college to start for a newbie like me?

    Also I wanted to know what is the difference between Applied Finance and Financial Planning?

    Any suggestion will be much appreciated.

    Thank you in advance.

    Ray
     
    Last edited by a moderator: 1st Jan, 2011
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Ray,

    Financial planning course is structured to give retail advice on things like superannuation, managed funds, insurance and investment.

    Applied finance course is structured for investment banking on things like trading options, futures, interest rate securities, foreign exchange, valuation of companies and funding.

    Hope this helps.

    Cheers,

    Dan
     
  3. ray6663

    ray6663 New Member

    Joined:
    10th Jun, 2010
    Posts:
    3
    Location:
    Sydney, NSW
    Hi Dan,

    Thanks for the information. I really appreciate it. So financial planning and applied finance are totally a different things isn't it? I thought we can get an applied finance degree and do a major in financial planning.

    An also where can I do a diploma in applied finance. Do they offer the course anywhere? I went to kaplan they only offer applied finance in postgraduate.

    Another option is macquarie uni, but its a bachelor for 3 years.

    Regards,
    Ray
     
  4. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi Ray,

    They are both in finance but different specialities.

    The closest thing to Applied Finance would be the Dip Financial Services (Financial Markets) though this is more an introduction to the Investment Banking side of things.

    Many unis offer variations of both financial planning and applied finance, whether by attending lectures or distance.

    Cheers,

    Dan