Record number of students participate in AMP University Challenge

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Dante De Gori: one of the challenge judges.

A team of students from Deakin University has won the AMP University Challenge in a year of record submissions.

Now in its sixth year, the AMP University Challenge is a national financial planning competition open to all Australian university students who want to find out first-hand what being a financial adviser is all about.

This year, more than 180 students from Australia’s leading universities participated in teams or as individuals to develop a scoped advice paper in response to a hypothetical client scenario.

The leading submissions, including four teams and one individual participated in the final’s day in Sydney on Friday.

AMP Academy and Education Manager Louise Trevaskis commented: “Registrations for the AMP University Challenge have continued to increase, rising from 107 to 181 this year. It’s a pleasing sign that more university students are considering a career as a financial adviser.

“We know financial planning is an attractive career choice for people looking for challenging work, the opportunity to run their own business and the reward of helping people achieve their goals and aspirations.

“The calibre of students who attend the finals day continues to impress the judges and is an indication of the bright future of financial planning,” Ms Trevaskis said.

In 2016, more than 90 per cent of University Challenge participants were enrolled in a finance related degree at university, an increase from 75 per cent in 2014.

The winning team, consisting of Megan Cull, Daniel Petrov and Mitchell Bogdanov from Deakin University was awarded the top prize at the end of the competitive challenge on Friday.

First prize was $5,000 cash along with registration to attend the 2016 FPA Professionals Congress. Deakin University also received a $3,000 grant from AMP to put toward financial planning education initiatives.

Students from University of Sydney and University of Wollongong took out second and third prizes respectively, which included $2,500 and $1,000 cash and student membership of the FPA. Deakin University and Monash University students took out fourth and fifth place, respectively.

New South Wales and Victoria continue to be the leading states for participation, accounting for 71 per cent of registrations. The number of students from South Australia and Western Australia has also steadily increased, accounting for 7 and 5 per cent of registrations, respectively.

The Challenge is integrated into the curriculum and assessment for students studying financial planning majors at Deakin University, TAFE NSW Higher Education, University of Wollongong and Western Sydney University. It is also an optional assessment for students studying at some other institutions.

AMP University Challenge Fact Sheet

The finals day:

The top five teams that took part in the finals day completed a technical quiz and a live client role play and presentation, as well as participating in professional development sessions.

AMP University Challenge finalists:

First prize (Deakin University):

  • Megan Cull
  • Daniel Petrov
  • Mitchell Bogdanov

Second prize (University of Sydney):

  • Willkie Tan
  • Jack Dillon
  • Zi Jun Ye

Third prize (University of Wollongong):

  • Erika Wright

Fourth prize (Deakin University):

  • Ruslan Temniuk
  • Zhaopeng Lin
  • Gavin Dyson

Fifth prize (Monash University):

  • Minming Chen
  • Denis Mytcak

AMP University Challenge judges:

  • FPA Chief Executive Officer, Dante De Gori
  • Griffith University Head of Finance and Financial Planning, Professor Mark Brimble
  • Hillross Aspire Wealth Director and Principal, Lisa Barber
  • AMP Financial Planner at Wealth Partners, Andrew Heaven

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