This document provides information about finding employment in Canada's financial sector. It discusses various career paths such as compliance, investment banking, trading, risk management, research and analysis, portfolio management, and financial planning and wealth management. For each path, the document outlines typical educational requirements, job responsibilities, and salary ranges. It also provides details about courses required for different financial planning jobs in Canada, such as the Canadian Securities Course and Life License Qualification Program. The document compares commission-based financial advisor firms and lists some entry-level banking jobs. It concludes with tips for job searching, focusing on interviews, and persisting in one's career goals.
Wealth Management and Financial PlanningDeepak Jain
Understand What is Wealth Management?
What is Financial Planning? How can you become a 'Wealth Manager? Careers in Wealth Management & Financial Planning.
What current wealth manager say about being a 'Wealth Manager?
Certified Financial PlannerCM (CFP) Certification course is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. In this era of super specialization, the Professional Certification – CFP Certification, gears career aspirants and existing financial intermediaries for giving comprehensive financial advisory services to individuals and make a satisfying career in the financial services industry.
Wealth Management and Financial PlanningDeepak Jain
Understand What is Wealth Management?
What is Financial Planning? How can you become a 'Wealth Manager? Careers in Wealth Management & Financial Planning.
What current wealth manager say about being a 'Wealth Manager?
Certified Financial PlannerCM (CFP) Certification course is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. In this era of super specialization, the Professional Certification – CFP Certification, gears career aspirants and existing financial intermediaries for giving comprehensive financial advisory services to individuals and make a satisfying career in the financial services industry.
Independent Fund Director Services - Hedge Fund GovernanceBell Rock Group
Bell Rock Group is a leading provider of fund governance services such as independent directors to hedge funds, private equity funds and other Cayman Islands investment funds.
Invest in N1H Property-backed SME Lending Fund with very outstanding track re...Ren H Wong
Property-backed high Yield SME Credit Fund
- Target return at 8% p.a for a 1-year lock-in or 10% p.a. for a 2-year lock-in
- Loans are made to asset strong Small and Medium Enterprises (SME) owners average loan size of approximately $500,000
- Low leverage ratio running on average less than 55%, maximum 70% on credit policy
- Rigid credit policy, Australian real estate security only, no owner-occupier properties, no risky constructions loans
- SME borrowers personal guarantee is required
- A diversified portfolio, your fund is not concentrated on a single borrower
CHARTERED INVESTOR PROGRAM:
The Chartered Investor designation is the official designation for analysts and associates in investment banking and private equity. The CI Institute tests candidates on financial modeling and valuation at three levels and provides the designation after all levels are passed and a certain amount of experience is gained in investment banking or private equity.
WHY THE CHARTERED INVESTOR PROGRAM?
Bulge bracket investment banks and leading private equity firms recognize the Chartered Investor designation.
BECOME A CHARTERHOLDER
Earning the CI charter demonstrates you have the knowledge, skills, and experience needed for investment banking and private equity in today's dynamic global markets.
COURSE OF STUDY
The CI Program course of study includes the Candidate Body of Knowledge, the curriculum content, learning outcome statements, and the topic area weights.
ABOUT THE EXAM
The CI Program includes a series of three exams; Levels I, II, and III. The exams: Are offered annually at test centers around the world on the first Saturday in June. The Level I exam is also offered in December.
It has been an eternal debate whether one should take MBA or do CFA. Binod Shankar, CFA, Managing Director of Genesis Institute explains the advantages and features of each.
IAG (London) Real Estate Fund Administration 2016Alan Ross
IAG (UK) delivers specialist fund administration services for private equity, real estate, alternative assets and listed fund structures. Each client is served by a highly skilled team led by a board director. Globally IAG has assets under administration of over $16bn.
Risk is part of the landscape when investing in start-up firms, and venture capitalists need to approach this peril across a range of dimensions, including geography, industry and the timing of investments in the product development cycle. In today’s turbulent markets, venture capitalists and private equity firms must possess an integrated plan for managing funds, improving portfolio company performance, and maximizing value through effective deal execution.
Consequently in order to provide a single point of access for leveraging our professional service to the benefit of your funds and portfolio company, we’re pleased to launch our Venture Capital & P/E Risk Advisory services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
Independent Fund Director Services - Hedge Fund GovernanceBell Rock Group
Bell Rock Group is a leading provider of fund governance services such as independent directors to hedge funds, private equity funds and other Cayman Islands investment funds.
Invest in N1H Property-backed SME Lending Fund with very outstanding track re...Ren H Wong
Property-backed high Yield SME Credit Fund
- Target return at 8% p.a for a 1-year lock-in or 10% p.a. for a 2-year lock-in
- Loans are made to asset strong Small and Medium Enterprises (SME) owners average loan size of approximately $500,000
- Low leverage ratio running on average less than 55%, maximum 70% on credit policy
- Rigid credit policy, Australian real estate security only, no owner-occupier properties, no risky constructions loans
- SME borrowers personal guarantee is required
- A diversified portfolio, your fund is not concentrated on a single borrower
CHARTERED INVESTOR PROGRAM:
The Chartered Investor designation is the official designation for analysts and associates in investment banking and private equity. The CI Institute tests candidates on financial modeling and valuation at three levels and provides the designation after all levels are passed and a certain amount of experience is gained in investment banking or private equity.
WHY THE CHARTERED INVESTOR PROGRAM?
Bulge bracket investment banks and leading private equity firms recognize the Chartered Investor designation.
BECOME A CHARTERHOLDER
Earning the CI charter demonstrates you have the knowledge, skills, and experience needed for investment banking and private equity in today's dynamic global markets.
COURSE OF STUDY
The CI Program course of study includes the Candidate Body of Knowledge, the curriculum content, learning outcome statements, and the topic area weights.
ABOUT THE EXAM
The CI Program includes a series of three exams; Levels I, II, and III. The exams: Are offered annually at test centers around the world on the first Saturday in June. The Level I exam is also offered in December.
It has been an eternal debate whether one should take MBA or do CFA. Binod Shankar, CFA, Managing Director of Genesis Institute explains the advantages and features of each.
IAG (London) Real Estate Fund Administration 2016Alan Ross
IAG (UK) delivers specialist fund administration services for private equity, real estate, alternative assets and listed fund structures. Each client is served by a highly skilled team led by a board director. Globally IAG has assets under administration of over $16bn.
Risk is part of the landscape when investing in start-up firms, and venture capitalists need to approach this peril across a range of dimensions, including geography, industry and the timing of investments in the product development cycle. In today’s turbulent markets, venture capitalists and private equity firms must possess an integrated plan for managing funds, improving portfolio company performance, and maximizing value through effective deal execution.
Consequently in order to provide a single point of access for leveraging our professional service to the benefit of your funds and portfolio company, we’re pleased to launch our Venture Capital & P/E Risk Advisory services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
It gives me immense pleasure to introduce our firm “Riskpro” founded in 2009- a specialized risk management consulting by our Founders who are qualified risk specialists with diverse work experience in India, Middle East, Europe & US across industries & FI’s.
In continuation of our fast growing presence and business trajectory, I would like to welcome you and share towards launch of RiskPro Insurance Risk advisory Services which is an addition to our existing bouquet of Risk advisory , Consulting, Training & Human Capital Services to corporates across India currently being serviced through our multi location delivery locations in major metros with total presence in 11 Indian cities network already. Our dedicated experts team who are qualified seasoned professionals in Insurance industry across diverse business domains with right blend of optimal solutions for high performance business results.
Insurance business , like any other industry has evolved with new business models, government and regulatory changes, increased market players and de-regulation which has impacted functioning of major insurance players (General, Life)to generate business and also adhere to compliances imposed by governing authorities within volatile global paradigm, which necessitates the need for prudent risk management framework in Insurance businesses. Riskpro with its precise risk-reward approach is your ideal partner in de-risking of your insurance business operating model with risk management value proposition for a long-lasting embedded tenet in your business DNA.
Risk Management Service offerings:-
- Risk - Evaluation/Inspection/Audit & Reporting
- Due-Diligence – Current Insurances/Indemnity advisory/Renewals
- Capital Assets Valuation for loss coverage
- Claims Management
- Regulatory Compliances- IRDA/SEBI/ICDR
Key Domain Areas:-
- Property Risk- Physical Assets
- Financial Risk- Monetary Loss
- Liability Risk- Operational Loss
- People Risk- Employees Loss
Please find enclosed our Company brief introduction and services brochure for your kind consideration and give us a chance to be your preferred risk knowledge partners for a mutual alliance.
“We are quoted in recent Economic Times news as among fastest growing risk consulting firms in India.” (Click for more details).
Prince George's Community College: Orientation to the CPA ProfessionRebekah Brown, CPA
Presentation at Prince George's Community College to students interested in pursuing a career in accounting. Overview of the profession including frequently asked questions.
Road From Ryerson: A New Pathway for Graduating Student Transition Support - ...Ryerson Student Affairs
Road From Ryerson: A New Pathway for Graduating Student Transition Support
by Rachel Barreca, Lesley D'Souza, Bailey Parnell
We invest a lot of resources into supporting the transitional needs of our incoming students, but pay less attention to the outgoing transition. A group of staff at Ryerson have started to change the way they support graduating students. Come learn about how we used transition theory to inform an innovative, collaborative pilot project (#RoadFromRyerson), and our vision for the future. Share your best practices and leave with many more ideas from our brainstorming session.
IRDA Mock Test Life Insurance Advisory Examination (Kaun Banega Insurance Adv...project1973
The game is prepared with a purpose to Entertain as well as Prepare the person for Life Insurance Advisory Examination to get the Licence.
It helps to increase the total pass percentage of Advisory Examines in the Agency and makes the person well aware of the various aspects of IRDA.
Recommendations for companies to increase quantity and quality of collegiate talent recruiting efforts. Simple but profound changes in strategies by employers engaging in campus recruiting campaigns can yield greater exposure to career minded college students. Presentation reviews both student and employer attitudes regarding job search calendars, relevance of career fairs and campus events, use of social/digital media in collegiate talent recruitment, and how employers fail to differentiate their opportunities from their talent competitors.
Slidedeck available as .pdf presentation for download by linking to my Box.com account or contact me and I will send .pps presentation to you.
Andrew Maguire - 2016 State of College HiringLooksharp
Each year, Looksharp surveys over 20,000 students
from more than 1,000 universities across the country to understand how students and recent grads experiences and perceptions are changing. The 2016 report covers everything from salary expectations from graduating seniors and the rising importance of work-life balance to the growth of Computer Science related coursework and the push for recruiters to make an impression on High School students.
Andrew is founder and CEO of InternMatch (now Looksharp). Founded in 2009, Looksharp is the largest platform dedicated to launching the career of every student. Since inception, Looksharp has served millions of students and thousands of employers across the US. In his free time, Andrew enjoys skiing, playing tennis, learning about Blockchain, reading Sci Fi, and playing chess. Andrew also advises several startups with a focus on education and talent.
Financial planning playa avery important roli in our economy..Financial planning is like all other phases of life; it involves choices
Spend now or save for later?
Pay off existing bills or increase retirement savings?
Focus savings dollars on short term or long term goals?
A true financial plan does not focus one aspect or product, but instead seeks to take all areas of planning into consideration when making financial decisions.
Are you a recent graduate of St. Lawrence College? Learn what ‘steps for success’ you should take next! Take advantage of Career Services, alumni discounts, graduate awards, internship opportunities, and options for continuing education!
Exploring Career Paths After Certified Financial Analyst TrainingMindCypress .
Discover diverse career opportunities after Certified Financial Analyst training, including roles in investment banking, portfolio management, financial consulting, risk management, and corporate finance.
Resource: https://www.mindcypress.com/blogs/finance-accounting/exploring-career-paths-after-certified-financial-analyst-training
At T2 Asset Management, we understand the unique challenges that come with managing investments. With more than 100 years of combined experience, we have served as a trusted partner of individuals, families, and institutions providing investment management guidance and solutions based on a thorough understanding of each client’s situation and goals.
We bring proven expertise to bear on every aspect of a client’s wealth—from accumulation and growth through preservation and distribution.
By taking an objective and proactive approach that reflects the nuances and complexities of each situation, we continue to build trusted relationships.
What's it like to work with The Independent Financial Group? Founding Principal Jim Lorenzen talks about how IFG may be different from other wealth management advisory firms.
Government Industry Partners - GovCon Wealth - GROW: Building a Sellable GovC...JSchaus & Associates
JSchaus & Associate's Government Industry Partners (GIP) Webinar Series
PUT ON A WEBINAR WITH US!
Share your company content to a live audience of US Federal Government Contractors.
We will promote your webinars through our network, newsletter, social media, and digital marketing efforts reaching 23,000+ subscribers.
Webinars are live and can be published on our YOUTUBE channel.
CONTACT US at hello@jenniferschaus.com and ask for our MEDIA KIT.
. A true financial advisor should be a well-educated, credentialed, experienced, financial professional who works on behalf of his clients as disputed to serving the interests of a financial institution
Benefits of CFP for you:
1. Financial Advisors/Consultant
2. Working Professionals in Finance Industry:
3. Working Professionals from non- finance industry
4. Students pursuing MBA or other PG programs
5. Graduates/Under graduates
The Role of a Chartered Investment Manager in Wealth Management.pdfTEWMAGAZINE
A chartered investment manager is a financial professional who specializes in managing investment portfolios on behalf of clients. These professionals work closely with individuals, families, businesses, and
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Linkedin Finding Employment In The Financial Sector In Canada
1. FINDING EMPLOYMENT IN THE FINANCIAL SECTOR IN CANADA Aizad Ahmad MBA, MSc, CSC, CPH, PFPc, LLQP Financial Advisor & Career Coach
2. Agenda My Story: Edward Jones, RBC Insurance, Scotiabank Job exploration tips Career paths in the financial sector Course Requirements: CSI, CIFP, Advocis Companies to work for in the sector Salary vs. Commission based? Key qualities of a financial planner: People, Operations, Customer, Financial Daily routine of a bank officer & insurance advisor
3. My Story Oct. 2004: Landed in Canada Feb. 2005: Edward Jones Investment Advisor trainee: CSC, CPH, LLQP Dec. 2005: RBC Insurance: Insurance & Investment Advisor Jan. 2007: ScotiabankPBO (Level 4), completed PFPc in 2008 June 2009: Financial Advisor (level 6)
4. Career Paths in the Banking Sector Compliance Financial Planning and Wealth Management Investment Banking Portfolio Management Research & Analysis Risk ManagementTrading
5. Compliance Employees in compliance protect the integrity of a firm, its finances and its client accounts. Duties include making sure regulatory requirements are met, guarding against irregularities in financial transactions, investigating complaints as well as managing internal and regulatory policies and procedures. Courses: CSC, CPH, CIC, PFPc Entry-level salaries in a compliance department may range from $30,000 to $40,000. Senior Compliance Officers can earn salaries in the $50,000 to $100,000 range, plus a bonus based on their employer's overall performance, while Chief Compliance and Chief Financial Officers can earn well over $150,000
6. Investment Banking Here, you could help companies or governments raise money by issuing securities. Or you could arrange financing for corporate mergers and acquisitions. It's not an easy field to get into, requiring strong analytical and communication skills. Investment Bankers are, in most cases, expected to have completed their post-secondary education or earned an MBA. Strong quantitative skills are essential and the Chartered Financial Analyst (CFA) designation provided by the Association of Investment Management Research (AIMR) or the Canadian Investment Manager (CIM) designation from CSI are recommended. Starting annual salaries for Investment Banking associates can be in the $50,000 to $75,000 range, plus bonuses. Senior Investment Bankers can earn salaries of $150,000 or more plus bonuses.
7. Trading Traders place orders in equity, fixed income and money market securities. They may also be licensed to trade in futures, options and foreign exchange. They may execute trades in the over-the-counter (OTC) markets, or become registered to trade on the major public exchanges. CSC,CPH, Trading courses The job calls for confidence, quick thinking and an ability to thrive in a high-pressure environment. Professional Traders must have a detailed understanding of exchange and firm rules, regulations and procedures. Order traders are usually salaried employees who earn a salary in the range of $35,000 to $50,000. Registered Traders may earn salaries of between $50,000 and $75,000. They may also be eligible for bonuses that can double total compensation. Fixed income and foreign exchange traders' compensation is heavily based on bonuses tied to trading profits.
8. Risk Management The fundamental task of a Risk Manager is to monitor, identify, measure and then take steps to modify or mitigate risk. This requires a good understanding of quantitative techniques, financial and/or commodity markets and derivative products that are often used as risk management tools. The salary range for risk managers varies depending on the position and years of experience. Entry-level risk management salaries are around $50,000. Senior risk managers can earn $150,000 or more, plus a bonus.
9. Research & Analysis This job depends on a strong analytical mind and an ability to put clear thoughts into writing. A Research Analyst is usually responsible for studying a single industry sector and the companies within that sector that are of potential interest to a firm's institutional and retail clients. The goal is to produce objective and independent analysis of a company's financial fundamentals and use this information to make an expert recommendation on whether clients should buy, hold or sell shares. Research Analysts are paid a fixed salary that may exceed $100,000, plus a substantial bonus that can match that, depending on performance of the individual and firm.
10. Portfolio Management This individual is responsible for managing the portfolio of an investor or institution, such as a mutual fund or pension fund. Some specialize in equities, others in bonds, while some handle both. The Portfolio Manager's job is to develop the right combination of securities to maximize investor return for a given level of risk. The Portfolio Manager must have superior analytical and communication skills and excellent knowledge of markets and investment products. CFA, MBA, CIM Portfolio Managers are paid a fixed salary but may also earn substantial bonuses based on the performance of the assets under their management. An Associate Portfolio Manager can expect to earn in the $75,000 to $90,000 range with a bonus worth as much as half their salary. A full Portfolio Manager can expect to earn a salary in the $100,000 to $150,000 range and earn a bonus that may match it.
11. Financial Planning & Wealth Management Jobs can vary from working for a large securities firm advising clients on investments, to being an independent financial planner. They can be as specialized as selling insurance products or mutual funds, or as broad-reaching as working with a team of experts in law, taxation and estate planning to serve the complex needs of a high-net-worth investor. Require CSC, IFIC, CPH, PFP, CFP, etc. Most Investment Advisors are on fixed salaries during their initial training. After that, compensation is typically based on commission or fees generated from client assets under administration. Most IAs can earn at least $100,000 per year after three to five years. More experienced top performers can earn upwards of $500,000 per year. Compensation is closely tied to the ups and downs of economic and market conditions.
12. Course Requirements: CSC Canadian Securities Course Exam 1 The Canadian Investment Marketplace 15% The Economy 14% Features and Types of Fixed-Income Securities 12% Pricing and Trading of Fixed-Income Securities 11% Common and Preferred Shares 13% Equity Transactions 10% Derivatives 10% Financing and Listing Securities 7% Corporations and their Financial Statements 8% Exam 2 Fundamental and Technical Analysis 13% Company Analysis 12% Portfolio Analysis 25% Mutual Funds 15% Segregated Funds 5% Hedge Funds 9% Other Managed Products 6% Canadian Taxation 10% Working with the Client 5% EXAM FORMAT Exams: 2; Exam Format: Paper Or Computer Based Exam; Length: 2 Hours; Question Format: Multiple Choice; Questions Per Exam: 100; Attempts Allowed Per Exam: 3* Passing Grade 60% (Per Exam); Assignments: None; ENROLMENT PERIOD: 1 year; Price: $960 for book & online access
13. COURSE REQUIREMENTS FOR FINANCIAL PLANNING JOBS IN CANADA Source: CSI Global Education www.csi.ca
16. Life Insurance: LLQP Life insurance products including term life, permanent life, universal life Disability, accident and sickness insurance Investment products; common shares, debt securities and mutual funds Underwriting, pricing, claims; life insurance applications, policies, the agent role Taxation including planning, RESPs, solving tax problems RRSPs, RRIFs, LIFs, LRIFs, Annuities Risk management and needs analysis Common, contract and tort law Professional standards, responsibilities, regulations, Assuris and E&O insurance
17. LLQP: Insurance Advisor role CSI route: $500 for pre-qualifying course Provincial Exam: $95 Companies: RBC Insurance, Primerica, World Financial Group, Manulife, Investors Group, London Life, etc. Gain commission for life insurance policies, RRSP, RESP in segregated funds or work in salaried position
18. How to study for the Courses 1. Enrol yourself, self study (4-8 months) 2. Enrol, hire a tutor (time, cost; maybe 2-4 months per course) 3. College course: Centennial, Humber, Seneca (cost, effort, opportunity cost: 1-2 years) 4. Join a commission based firm that will pay for your courses (IFC/CSC/LLQP) 5. Start working as teller/back office/call center in a firm that might pay for your course (18 month – 2 years) 6. Acess Employment Financial Connections; AND later internship through www.careerbridge.ca (for new immigrants) 7. Network, set up a study group, work your part-time job and complete the course
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20. Build up your network, no leads are provided; must do cold calling
23. Job Searching Techniques Workopolis, Monster Networking Linkedin Career exploration exhibitions Newspaper, craigslist, kijiiji Walk around, visit sites Volume of applications counts!
24. Points to Focus on in interviews Teamwork, community, branch events, other departments Provide excellent customer service Compliance to bank & legal policy Meet sales targets: weekly, monthly, quarterly, annual, in all products
25. Summary Keep trying, do not let emotions overwhelm you: rejection (company & clients), knowledge (more courses), reputation, competition (other firms, other candidates), financial rewards (salary or commission), sacrifice, try again, sales goals, privacy issues, part-time options Get resume & interview coaching through a qualified coach working in the industry Pass courses, apply & keep applying Try both avenues: salary & commission