The Financial Services concentration is a second-year option in the Diploma in Business Administration program. In this concentration, you are introduced to a wide range of financial services areas, including:
- Retail banking and related services
- Loans, mutual funds, investments
- financial planning concepts
Learn how these themes fit together and impact companies and people. You also develop an understanding of the importance of sales skills and customer relationship management with a customer-focused approach.
We have strong relationships with our financial services partners, giving you the opportunity to connect directly with many of your HR employees and hiring managers. Teachers maintain memberships in professional organizations, sharing their real-world experience and knowledge.
You will have the opportunity to advance your career by taking three industry-recognized courses available: Personal Financial Services Counselling, Personal Loans and Mortgages and Mutual Funds, which can help you gain accreditation by the Canadian Securities Institute.
- Field Experience (Work Placement) is a required credit course that gives you the opportunity to apply your knowledge and skills outside of the classroom.
- Opportunities are typically paid in the financial services industry due to the strict confidentiality guidelines of most financial institutions and last approximately 5 weeks.
- Transportation, lodging, and other costs related to employment practices are your responsibility.
- To complete the work experience component of this concentration (and to work in the financial services industry), you must be required.
- Many employers have a COVID-19 vaccination requirement, which may affect your ongoing work experience. It is your responsibility to understand and be prepared to meet your employer's immunization requirements before starting your placement.
- For more information visitWork Experience Opportunities.
- Acquire the skills and experience the industry wants; we maintain strong connections with employers and keep the program relevant to industry needs.
- We have strong relationships with our financial services partners, and you'll have the opportunity to interact directly with many of their HR staff and hiring managers.
- Our faculty maintain memberships in professional organizations; they share their real-world experience and knowledge.
- Small classes offer plenty of one-on-one interaction and hands-on opportunities to learn.
- You will have the opportunity to advance your career by taking three industry-recognized courses available: Personal Financial Services Counselling, Personal Loans and Mortgages and Mutual Funds, which can help you gain accreditation by the Canadian Securities Institute.
Courses can include
These are some of the courses offered in this program. It is not a complete list and courses are subject to change prior to the academic year.
Recognition of prior learning/transfer credits
If you have prior knowledge (course, job, etc.) relevant to your program, you may apply for credit. Not all programs are eligible. learn about ourprocess of recognition of prior learning (RPL).
FINA 2316 - Financial Management
Financial Management is a course that offers the student the opportunity to evaluate the financial health of a company and to employ different decision-making models in the evaluation process.
FINA 3011 - Introduction to Financial Planning
This course will introduce the student to the fundamentals of personal financial planning and will be presented from the perspective of a financial planning professional advising a client.
FINA 3014 - Financial Products and Systems
This course provides an introduction to core banking product offerings, industry career opportunities, professionalism, service learning, and customer relationship management practices. Through a hands-on, interactive approach that includes guest speakers, students will develop a basic understanding of the products and systems needed to create personal financial plans and professionally help clients meet their everyday financial needs. Students will also be exposed to professional dress and ethics, regulatory practices, and service learning opportunities to help them set personal goals, choose careers, and network to help them gain employment and advance in the field of financial services.
FINA 3020 - Personal Loans and Mortgages
The Personal Loans & Mortgages® course is taught under an agreement with the Canadian Securities Institute (CSI) using its course materials to prepare students for the Personal Loans & Mortgages® exam. CSI describes the course as “comprehensive coverage of standard and advanced consumer credit and mortgages. The course addresses a wide range of critical issues related to complex mortgage lending and products. Preparing professionals to answer sophisticated questions from demanding clients and clear up common misunderstandings. Those who complete the course will be able to build customer confidence and drive business forward by demonstrating a level of expertise that sets them apart from their peers.” In addition, it is one more step towards obtaining the CSI Certificate in Personal Banking®. Students must also be enrolled in the CSI-related course. For more information, visit the Canadian Securities website at www.csi.ca.
FINA 3101 - Mutual Funds
The Mutual Funds course is taught pursuant to an agreement with the Canadian Securities Institute (CSI) using its course materials to prepare students for the Mutual Funds Canada® exam. CSI describes the IFC® course as an opportunity to gain “the certification you need to start providing advice and start helping your clients make smart investment decisions based on their needs. IFC prepares you to advise clients on their mutual fund investments based on their objectives, timing, and risk tolerance. It also explains the legal, ethical and professional responsibilities of a mutual fund representative.” Students must also be enrolled in the CSI-related course. For more information, visit the Canadian Securities website at www.csi.ca.
FINA 4001 - Financial Services Practice
This foundational course integrates many aspects of the concepts learned in the Financial Services concentration, allowing the student to prepare and present a comprehensive financial plan based on a realistic scenario.
FINA 4320 - Advice on personal financial services
The Personal Financial Services Advice® course is taught under contract with the Canadian Securities Institute (CSI) using its course materials to prepare students for the Personal Financial Services Advice® exam. CSI describes the course as designed “to help you confidently deliver the right advice to your clients based on their individual needs. You'll improve your communication skills, build stronger, more profitable relationships, and ultimately grow your customer base. In addition, completing the PFSA brings you closer to earning the new Personal Financial Planner (PFP®) designation and Certificate in Financial Services Counseling, CSI's newest industry-leading credentials.” Topics include ethics and regulatory environment, economics, time value of money, risk management, customer relationships, and personal financial statements. Students must also be enrolled in the CSI-related course. For more information, visit the Canadian Securities website at www.csi.ca.
FINA 4995 - Work Experience
The work experience component provides the student with the opportunity to apply new skills and concepts appropriate to entry-level positions within the occupation. Students will evaluate their own performance and be evaluated by an industry partner. Students will identify personal outcomes they want to achieve during the work experience and keep a journal. This is a 175 hour course spread over five weeks.
INSU 3010 - Introduction to Insurance
This introductory course will examine the theory and practice of the insurance industry in Canada. Students will study various lines available in the insurance industry, including life insurance (life, accident, disability, health, professional, liability, etc.), general insurance (fire, auto, marine, commercial, etc.) and other specific coverage insurance (travel, credit, etc.). This course will introduce the student to the fundamentals of the insurance industry in Canada and will be presented in a variety of formats, including from the perspective of an insurance professional advising a client(s).
MGMT 3015 - Human Resources Management
Students will examine the activities involved in attracting, recruiting, training, developing, controlling, rewarding, motivating, directing, and maintaining a company's human resources. Topics will include challenges and trends in the field of human resource management, legal and ethical issues, staffing, employee development and compensation.
PSAL 2015 - Professional Sales
The main focus of this course is selling skills that are advantageous in the workforce. Many of these skills are introduced through theory and practice. Students will use these skills in virtually any profession they enter. This course introduces consultative selling techniques to develop strategies and tactics that "get, keep, and grow" customers. Students can receive a Canadian Professional Association (CPSA) certificate for successful completion of the "Professional Selling" course and other courses specific to the business administration program.
Prescribed elective. Students must complete two units/credit
What is Business Administration in finance? ›
Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization.What is MBA Financial Services? ›
PGDM (Financial Services) develops relevant skills and practical knowledge for the financial services industry. This PGDM programme will equips you to succeed in the growing banking, insurance, and investment sectors.What is the difference between MBA finance and MBA Financial Services? ›
MBA in financial management would focus only on financial aspects of management. However in MBA with finance specialization, first year we are introduced to all the functional areas and we choose the specialization in the second year. MBA in financial management would focus only on financial aspects of management.What is the difference between business and finance degree? ›
The coursework in a business degree varies, but typically covers finance, management, marketing, communications, and related areas of study. Degrees in finance emphasize the workings of financial institutions and cover topics related to both corporate and global finance.Can I work in bank with business administration degree? ›
With a business administration degree, you can start a career in almost any industry: business, consulting, manufacturing, banking, advertising, or even music.What are the 4 subject for business administration? ›
Business Administration is one of the most interdisciplinary academic programmes. It combines theoretical knowledge and notions from Finance, Economics, Human Resource Management (HRM), Marketing, Information Systems, Accounting, and others.What are the 4 types of financial services? ›
The 4 most common types of financial institutions are commercial banks, brokerage firms, insurance companies, investment banks.Is MBA finance stressful job? ›
Earning an MBA is intense, and there will be stressful moments no matter what you do. Making your MBA experience a success depends upon a thoroughly researched understanding of how your program's resources can help you achieve your professional goals.What is MBA finance salary? ›
MBA Finance fresher salary in India ranges between ₹ 0.2 Lakhs to ₹ 22.0 Lakhs with an average annual salary of ₹ 2.4 Lakhs.Who earns more MBA or masters in finance? ›
MS: Salary after graduation. Median starting salaries after completing an MBA are higher than those of an MS, though this salary discrepancy is likely tied to the fact that most MBA recipients have already spent a few years in the workforce, while most business masters recipients have not.
Is it better to have an MBA or a Masters in finance? ›
Whether an MF or MBA is better depends on your goals, financial situation, and experience. Individuals who already work in the business world and want to move up to leadership positions may be better suited for an MBA. People who want to focus on the financial industry may want to consider pursuing an MF.Which is the highest paying jobs in MBA finance? ›
- Chief Risk Officer (CRO)
- Chief Financial Officer.
- Financial Actuary.
- Hedge Fund Manager.
- Private Equity Associate.
- Investment Banker.
- Financial Analyst.
- Compliance Analyst.
A bachelor's degree in business administration offers a broad grounding in the world of commerce and a bachelor's degree in finance tends to be more specialized, placing greater emphasis on investments and financial institutions. U.S. Bureau of Labor Statistics (BLS).Can you be a financial analyst with a business administration degree? ›
Generally, financial analyst candidates need an undergraduate degree in accounting, finance, business administration or another related field. Employers may also require Chartered Professional Accountant (CPA) certification.Is finance part of business administration? ›
As a business administration graduate, you can expect available job positions in numerous industries, including marketing, accounting, finance, logistics, human resources, sales, insurance, and many more.Which major is best for business administration? ›
Most in-demand business majors
- Business administration/management.
- Logistics/supply chain.
- Management information systems.
Many business administration degree jobs pay higher salaries. For example, the BLS reports a median annual wage of nearly $110,000 for management occupations.What is the best degree to get in business administration? ›
The perfect degree for anyone interested in acquiring strong leadership skills and getting top leader jobs is an MBA (master of business administration). The program typically provides you with knowledge in accounting, management, finance, marketing, and business law, while focusing on leadership and business strategy.What kind of math is in business administration? ›
However, for most traditional business administration, accounting, human resource management and economics degrees, beginning calculus and statistics comprise the entirety of the math requirements.Is business administration all math? ›
You'll need to be able to do basic addition and subtraction, but complex algebra, geometry, and calculus are not part of this program. If you can listen, learn how to apply theoretical concepts to the real world, and review a few simple numbers, you can do the work.
Is business administration class hard? ›
Business administration is not easy for everyone, but what degree program is. As in any other degree program, you have to put in the work to get good results. Most students find the math courses particularly difficult. But with motivation and interest, even those should not be a problem.What are the 7 types of financial services? ›
- Professional Advisory.
- Wealth Management.
- Mutual Funds.
- Stock Market.
- Treasury/Debt Instruments.
- Tax/Audit Consulting.
Finance consists of three interrelated areas: (1) money and credit markets, which deals with the securities markets and financial institutions; (2) investments, which focuses on the decisions made by both individuals and institutional investors; and (3) financial management, which involves decisions made within the ...What are the 5 main areas in the financial services industry? ›
- Banking. Banking includes handing deposits into checking and savings accounts, as well as lending money to customers. ...
- Advisory. ...
- Wealth Management. ...
- Mutual Funds. ...
As a business administration graduate, you can expect available job positions in numerous industries, including marketing, accounting, finance, logistics, human resources, sales, insurance, and many more.What does a business administration do? ›
Administrators support the smooth running of offices by carrying out clerical tasks and projects. As an administrator in the construction industry, you could be organising project meetings. You'd be typing up documents, responding to business enquiries, drawing up contracts and providing customer service.What is the job of business administration? ›
A Business Administrator, or Business Director, is responsible for overseeing the day-to-day operations of a business. Their duties include hiring staff members, leading department meetings and communicating with upper-management to implement new policies and procedures among daily operations.What is the main purpose of business administration? ›
In simple terms, business administration is the work of managing an organization's resources, time and people. Business administration professionals work to ensure that businesses and organizations are run effectively, efficiently and profitably.