Registrations soar in second annual AMP University Challenge

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AMP has announced the number of registrations for the financial planning AMP University Challenge has doubled over the same period last year, highlighting the value of practical professional experience students’ gain from the challenge.

So far this year 41 teams have registered for the competition. The competition has been expanded in 2012 to cover both semesters. Submissions for semester 1 are open until 18 May.

“One of the aims of the AMP University Challenge is to increase awareness of financial planning as a career choice. That’s why it is open to students from any academic discipline. But for those currently studying a degree in Financial Planning, it enables them to put their theoretical knowledge into practice, an opportunity that both students and universities value,” said Director AMP Horizons Tim Steele.

The success of last year’s competition has seen universities actively encourage students to take part in the Challenge this year.

Lecturer in Financial Planning, Griffith University, Julie Knutsen said: “The AMP University Challenge gives students a great opportunity to develop critical thinking capabilities in a real world financial advice context. The competition emphasises quality advice and it’s pleasing to see universities and industry partners such as AMP working to strengthen the skills of our graduates and the next generation of professional financial planners.”

La Trobe University students who entered the competition last year gained credits towards an assignment for the Capstone financial planning subject and the University is encouraging all financial planning students to take part this year.

“The practical experience gained from the AMP University Challenge complements our financial planning courses and the work-based learning approach that we integrate into our curriculum. A third of all students took up the challenge last year and we would like all our students to participate this year,” said Marc Olynyk, senior lecturer in Financial Planning, La Trobe University.

“With a first and a third prize secured last year by our students, the ability to network and present their work to leading industry professionals was a valuable learning experience for the students,” Mr Olynyk added.

The AMP University Challenge gives students the opportunity to win up to $5,000 for the team or individual, registration for the Brisbane 2013 AMP planner conference, $10,000 donation towards financial planning related initiatives for the team’s university and other prizes. Five finalists will be invited to attend Finals Day at AMP offices in Sydney in October.

The AMP University Challenge is in its second year and provides students with the opportunity to find out first-hand what it’s like to be a financial planner. Last year’s competition saw entries from all Australian mainland states, including the University of Melbourne, University of Western Sydney, Queensland’s Griffith University, La Trobe University and Monash University in Victoria.

The competition is supported by the Financial Planning Association (FPA) and Financial Planning Academics Forum. It aims to enhance financial planning professional standards by increasing awareness of the profession with universities and students.

To find out more or enter the AMP University Challenge, please visit www.universitychallenge.com.au

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