ATAR Information

Providing advice to Year 10 students: scaling and the ATAR

All VCE studies are treated equally in the calculation of the ATAR

The ATAR represents a students’ overall performance in their VCE studies, not just in one or two studies. In order to make sure that all studies are treated equally, VTAC scales studies.
Scaling ensures that all studies are treated equally, so a 25 in one study is equal to a 25 in another. Scaling ensures that it is possible for students to attain a high ATAR regardless of the combination of studies they undertake.
Detailed information on how and why VCE studies are scaled can be found in the publication ABC of Scaling

Just because a study is scaled up doesn’t guarantee a high ATAR
There seems to be a common misconception that if a student chooses studies that are scaled up they will achieve a higher ATAR. However, in many cases, students who chose studies based on this theory actually achieved a lower ATAR (because they struggled) than those who chose studies they were good at and enjoyed.

Think about it, Jack has chosen Mathematical Methods (CAS) because it is traditionally scaled up. He gets a 20, which is scaled up to a 22. However if he had done Further Mathematics and got a 30 for example, that would have been scaled down to 28.  It doesn’t take much to see that the 28 would be a much better scaled study score than the 22, even though the 22 resulted in Mathematical Methods being scaled up.

There are some great examples of real VCE study programs in the booklet Choice, a publication specifically targeted to assist Year 10 students when selecting their VCE studies.

Doing a Language doesn’t mean an extra 5 is added to the ATAR
The bonus of 5 is actually added to the average Language score and is factored in during the scaling process and not after the scaling process. Remind students and parents that when referring to the previous years’ Language scaled study score the 5 bonus points have already been included.

The best advice:
Students are better off choosing studies that:

  • they enjoy
  • they are good at
  • reflect what they are interested in studying at tertiary level
  • provide them with more career options if you are undecided.

 

Overseas Students

IBIBS currently does not take overseas students but is in a process to become CRICOS provider.

Download The National Code 2007 document to find out more about national code of practice for registration authorities and providers of education and training to overseas students.

Why Apply?

It took me 7 years of full time study at university to complete my commerce degree and law degree. After I finished I thought I knew it all, that university had prepared me to take on the world. Unfortunately, I quickly discovered this was far from the truth. I realised I had no real commercial skills. So unless someone gave me a job my career opportunities would not be maximised.

After 7 years at university I did not even know how to :

  • create value for an employer
  • start a business
  • negotiate
  • protect my ideas
  • build a business
  • draft or understand a confidentiality agreement
  • draft terms and conditions of a contract
  • how to sign a contract correctly
  • Takeover a business
  • conduct due diligence
  • Raise capital
  • List a business on the Stock Exchange 

I was disillusioned and quickly discovered that unless an employer was prepared to take a risk on me and give me a job I was in trouble. Even if I did get a job I needed to be lucky enough to find a boss that would teach me all of these skills to get ahead.

Not much has changed at most Universities since my experience more than 25 years ago.  

Our Bachelor of Investment Banking degree was created to maximise your career potential. Don’t hope that Universities have the solution, in fact most graduates from even the leading institutions are not securing the job they desire or a job at all.

If you want real transactional skills to deliver strategic advice and your first job in the industry, come and talk to IBIBS.

Strategic Advice

What does delivering strategic advice actually mean? 

Delivering strategic advice means having the skills and knowledge to undertake powerful analysis of a wide range of information to provide clear and actionable recommendations as to what course of action a client should undertake. 

Strategic advice helps a client make informed decisions about their future. Strategic advice from an Investment Banker is based on the specialist knowledge and skills of the Investment Banking industry.

Our Bachelor of Investment Banking delivers you the knowledge skills to deliver strategic advice. Some of the ways in which a Investment Banker can deliver strategic advice are described as follows.

  1. Exploiting the economic model
    • Focus on maximizing the revenue and/or minimizing the expenses of a client
    • Adjusting and improving consumption patterns
    • Enhancing actions that provide a value add
  2. Understanding client’s risk profile and behaviour
    • Identifying a client’s risk profile
    • Explaining the rules to investing
    • Creating a pattern of behaviour
  3. Anticipating and adjusting future cash flows
    • What typical cash flows occur versus the client’ wants and need
    • Frequency, amount, flexibility and capacity to adjust
    • Financial modeling (sensitivity analysis)
  4. Designing regulatory strategiesAchieving strategic insights from financial data
    • Identification of compliance sources or legislation gaps
    • Creating flexible structures to ensure risk, control,and succession planning issues are taken into consideration
  5. Achieving strategic insights from the analysis of
    • Financial data
    • Industry relationships
  6. Testing innovation propositions

Commonwealth Assistance Notice (CAN)

1. What is a Commonwealth Assistance Notice (CAN)?

After the census date, your provider will send you a CAN. The CAN includes important information about your enrolment, any HELP debt you have incurred or student contribution amounts you have paid, and any loan fee you may have incurred.

2. What information is on my CAN?

If you have applied for FEE-HELP your CAN will include information on:

  • the tuition fees for your units of study;
  • the units for which you have received FEE-HELP or VET FEE-HELP;
  • any up-front payments you have made;
  • any FEE-HELP loan fee incurred for undergraduate units of study; and
  • any VET FEE-HELP loan fee incurred.

3. What if my CAN is incorrect?

If you notice any errors on your CAN, you have 14 days from the date of the CAN to submit a written request for correction. Some providers allow longer than 14 days, but you will need to check this with your provider directly. You will need to specify:

  • which details you believe are incorrect; and
  • why you believe they are incorrect.

http://studyassist.gov.au/sites/studyassist/infowhilestudying/what-is-a-can/pages/what-is-a-can

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