Entries are now open for the 2020 AMP University Challenge, a national competition where university and TAFE students can try their hand at being a financial adviser and have the chance to share in $10,000 prize money.

The competition is open to all Australian tertiary students, whether or not they are studying financial planning.

AMP Australia CEO Alex Wade said the company wanted to promote a new generation of advisers to take the industry forward amid a growing need for high quality, professional advice.

“Financial advice is a great career and can have a profoundly positive impact on the quality of life of those who receive advice.

“The AMP University Challenge is an ideal platform for talented students to showcase their capability and kickstart a career in the industry.” 

Competitors who enter now will receive their first assignment on 2 March - devising a financial plan for a hypothetical couple.

Students can enter individually or as a team and the top entrants will be brought to AMP in Sydney in October to compete in the finals, a challenging series of activities and quizzes that will decide the ultimate winner.

Since the competition began it has been integrated into the curriculum and assessment for students studying financial planning majors at Charles Sturt University, Deakin University, Griffith University, TAFE NSW, Western Sydney University and University of Wollongong.

Previous competitors – including 2017 winner Monica Rayos – have subsequently become AMP advisers after competing in the University Challenge.

Mr Wade said: “AMP’s decade-long commitment to the University Challenge reflects our determination to promote the benefits of financial advice and drive high standards of integrity and professionalism in the industry.”

More information at ampuniversitychallenge.com.au

Pictured, top: the 2019 AMP University Challenge finalists.