“There is very little knowledge on what the career path is. They’ll ask ‘what do I look for when I gradate? Do I look for junior or associate financial planner?’ And some of the financial planning requirements need five to eight years of experience.
“They’re probably not even aware of client administration and paraplanning roles. There’s not a defined career path that students would readily look at to work out what to apply for.”
Olynyk said the financial advice and superannuation industry had a leading role to play in developing graduate programs and internships that were structured so that students had a better idea of what to look for.