How to become a Finance Broker
Operates as an intermediary to perform finance negotiations, and arranges loans of money on behalf of clients.
Main tasks
- Brokers complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers
- Arranges home loan mortgages, car and personal loans, debtor finance, refinancing and other types of finance for clients through banks, lenders, financiers and insurance companies
- Assists with the application process and negotiates with lenders on behalf of clients
- Determines the specific financial requirements of clients, and researches and reviews available finance products for suitability to meet clients' requirements
- Analyses clients' financial status, discusses financial options and develops financial strategies
- Prepares documents that set out the conditions of finance, repayments and loan periods
Ways in
- University: Business & Commerce degrees, Offered by 39 universities in Australia
- TAFE and VET: Advanced Diploma of Financial Licensing Management (FNS60722); Certificate IV in Finance and Mortgage Broking (FNS40821); Diploma of Finance and Mortgage Broking Management (FNS50322); Diploma of Personal Trusts (FNS52022); Certificate III in Financial Services (FNS30122); Certificate IV in Insurance Broking (FNS41720); Diploma of Insurance Broking (FNS51220); Certificate II in Financial Services (FNS20120)
- Licence or registration: Registration or licensing is required.
Pay · Outlook · AI and this job
- Typical full-time pay: $133,952 a year
- About 50,600 people work in this job group now, and about 57,000 are projected by 2035. (+12.6%)
- AI is likely to change parts of this job. Jobs and Skills Australia rates its automation exposure as medium.
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Questions people ask
How do I become a Finance Broker?
Ways in include: Business & Commerce degrees; Advanced Diploma of Financial Licensing Management; Certificate IV in Finance and Mortgage Broking.
How much does a Finance Broker earn in Australia?
Median full-time pay is $133,952 a year (Jobs and Skills Australia).
Is a Finance Broker a growing career in Australia?
Yes. Employment is projected to grow 13% by 2035, from about 50,600 to about 57,000 people (Jobs and Skills Australia).
Do you need a degree to become a Finance Broker?
Not always. 42% of people in this job hold a bachelor's degree or higher. Ways in include: Business & Commerce degrees; Advanced Diploma of Financial Licensing Management; Certificate IV in Finance and Mortgage Broking.
Will AI change the work of a Finance Broker?
AI is likely to change parts of this job. Jobs and Skills Australia rates its automation exposure as medium.
Sources
- Jobs and Skills Australia: Occupation data (ANZSCO), from ABS Labour Force and Census (February 2026), CC BY 4.0, retrieved 2026-10-04
- Jobs and Skills Australia: Generative AI Capacity Study, interactive table data (September 2025), CC BY 4.0, retrieved 2026-10-04
- Jobs and Skills Australia: Employment Projections (Victoria University) (May 2025 to May 2035), CC BY 4.0, retrieved 2026-10-04
- Australian Taxation Office: Taxation Statistics, Individuals Table 15A (2023-24), CC BY 2.5 AU, retrieved 2026-10-04
Updated 2026-10-04