0811 Banking, Finance and Related Fields

Banking, Finance and Related Fields is the study of planning, directing, organising and controlling financial activities and services. It includes the provision of insurance and investment services at the corporate and individual level.

The main purpose of this narrow field of education is to develop an understanding of the theories and practice of financial planning and investment, the nature and operation of the Australian and international monetary and financial systems and markets, and the principles of insurance.

Courses in Narrow Field 0811 Banking, Finance and Related Fields develop skills in:

• providing basic financial services
• developing appropriate investment strategies for different types of investor
• organising and operating financial institutions and insurance organisations
• developing appropriate insurance, superannuation and retirement packages for clients
• applying the principles of risk, insurance, reinsurance, and underwriting to determine benefits and premiums
• processing claims, maintaining and verifying insurance records

This narrow field comprises the following detailed fields:

081101  Banking and Finance
081103  Insurance and Actuarial Studies
081105  Investment and Securities
081199  Banking, Finance and Related Fields, n.e.c.

Banking and Finance is the study of directing, planning and providing financial institution services in relation to savings and loans.

Examples of subjects in this detailed field include:

• banking and lending practices
• basic financial services
• bank and financial institutions daily operations
• finance theories
• national and international financial markets regulations

Banking and financial law. This is included in Detailed Field 090901 Business and Commercial Law.

Insurance and Actuarial Studies is the study of directing, planning and providing insurance services, and applying mathematical and statistical analysis to financial planning problems.

Examples of subjects in this detailed field include:

• principles of risk and insurance
• insurance portfolio management
• developing appropriate insurance packages for clients
• actuarial principles

Investment and Securities is the study of directing, planning and providing investment and securities services.

Examples of subjects in this detailed field include:

• tailoring individual investment portfolios
• investments and financial markets regulations
• superannuation and retirement planning

This detailed field includes all Banking, Finance and Related Fields not elsewhere classified.

Examples of subjects in this detailed field include:

• financial management