A La Trobe University business student has taken out first prize in the inaugural AMP University Challenge, a competition aimed at giving Australian students first-hand experience in financial planning.
Bachelor of Business student Ms Michelle Walker beat 41 other entrants in 24 teams to take the top prize at the finals, winning $5000 for herself and a $10,000 grant for the University.
Run by AMP Financial Services and held in Sydney on October 19, the competition invited individuals and groups in financial planning-related courses from around the country to participate.
The AMP University Challenge involved students working either individually or in groups to prepare a financial plan to industry standards based on a hypothetical client case study. Competitors were tested on their ability to apply technical knowledge and client communication skills in a real-life professional situation.
Ms Walker says it was also an opportunity to network with the industry and other university students.
‘The real-life work-based challenges really helped develop a sense of what financial planning can offer an individual as a profession, it was a great learning experience,’ she says.
Ms Walker was amongst the top five submissions along with ‘Team CFP’, a group of three La Trobe University students - Stuart Fitton, Stuart Deva and Vincent Wong.
The finals challenge consisted of multiple knowledge tests and a presentation of their submission to an industry panel.
First prize, a $5,000 AMP Bank account, was awarded to Ms Walker along with a, FPA student membership with professional development opportunities. La Trobe University also received a $10,000 grant to put towards financial planning programs.
Team CFP achieved third place winning a $1,000 AMP Bank account along with free FPA membership for a year.
Ms Walker was awarded the top prize by AMP CEO Craig Dunn and AMP Financial Services
Managing Director Craig Meller.
‘Taking part in the AMP University Challenge and meeting industry experts and other students has been a really rewarding experience.’ said Ms Walker.
‘I’ve learnt a lot about how the industry works and the options available to me as I pursue a career as a financial planner.’
AMP Financial Services Managing Director Craig Meller congratulated Ms Walker on her win.
‘By bringing our industry and universities together, we have attracted the calibre of individuals we’d like to see joining the financial planning profession in the future – educated and motivated young professionals looking for a rewarding career that makes a difference in people’s lives.’ said Mr Meller.
Further information on the AMP University Challenge is available on their website: www.universitychallenge.com.au
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