Business - Financial Services - 303

Ontario College Diploma
Two years
Discover the role of financial planners in an exciting and complex world of information, technology and options - Earn important credentials in this detailed program
Overview

Mohawk's Business - Financial Services program will prepare students to build a career in the lucrative financial services sector, banking and insurance field. The program will also prepare students to write the first competency exam, which is the necessary first step to obtain the Certified Financial Planner (CFP) designation.

The program will also prepare students to achieve the industry recognized financial planning designation “Professional Financial Planner (PFP®)”. It is approved as a prerequisite to apply to write the Applied Financial Planning Certification examination.

Fast Track - allows students to complete a two-year Diploma program (non co-op) in 16 months. Students will start in January and be in school for four continuous semesters: Winter, Spring/Summer, Fall and Winter. Students will not be off during the summer.

Program Highlights

  • Build a career in the lucrative financial services sector, banking and insurance fields
  • Students will have the opportunity to receive their LLQP (Life License Qualifier Program) (additional fees apply)
  • By the end of one of the courses, students will have a solid foundation of what they need to know to be mutual fund dealing representatives. The successful completion of the CIFC Exam meets the proficiency requirement by the provincial securities commissions for mutual fund licensing.
  • Upon completion of a common first semester, students can choose to transfer into second semester of one of the following programs:
    • Business - Accounting
    • Business Administration
    • Business (General)
    • Business - Marketing
    • Insurance

Program Coordinator

Minimum requirements for admission to the Business - Financial Services Diploma program

  •  OSSD or equivalent (Mohawk Academic Upgrading, GED) including:
    • Grade 12 English, C or U or equivalent
    • Grade 11 Mathematics, C, M or U level or equivalent (M or U level recommended)

Note: An additional requirement based on overall grades may be required to proceed into some of these programs.

Note: Registered students who have been convicted of an offence under the criminal code for which they have not been pardoned may be denied the opportunity to enter work placement. A certificate of “Police Clearance” and/or “Consent to Disclosure” may be requested by the work placement agency.

Option are available for mature applicants.

Don't have the necessary requirements?

Career Opportunities

The Business - Financial Services Diploma program can lead to exciting career opportunities

Financial services careers can involve the following:

Industries of Employment:

  • Securities/Brokerages
  • Mutual Fund Companies
  • Banks/Trust Companies/Credit Unions
  • Financial Planning Firms
  • Insurance Companies
  • Accounting Firms

Occupational Categories:

  • Investment Advisors
  • Wealth Managers
  • Financial Planners
  • Retirement Planners
  • Independent Financial Planners
  • Mutual Fund Salesperson
  • Life Licencee

Graduate Opportunities

  • Successful graduates may be able to challenge the Financial Planning Standard’s Council (FPSC) FIRST financial planning exam (FPE1) toward their Certified Financial Planning (CFP) designation. Should graduates wish to obtain their full CFP designation, they must additionally complete three years relevant work experience, a FPSC qualified Capstone course, and the second financial planning exam (FPE2) - (See Additional Information)
  • Successful graduates may be able to challenge the Applied Financial Planning Certification examination offered through the Canadian Securities Institute toward their Personal Financial Planner (PFP) designation. Should graduates wish to obtain the PFP designation, they must additionally meet the three years relevant work experience requirement - (See Additional Information)
  • For degree transfer/completion opportunities, visit Pathways and Credit Transfer

Course Overview & Descriptions

Learning Outcomes

Program Learning Outcomes, often referred to as ‘Program Standards', set out the essential learning that a student must achieve before being deemed ready to graduate.

In many cases these program learning outcomes were developed by the Ministry of Training, Colleges and Universities (MTCU) in consultation with employers and educators who are experts in the program field. To ensure the outcomes remain current and in line with industry needs, we invite our employers, graduates working in the field and current students to re-examine and update them during regular, ongoing program review focus groups.

Additional Information

Certified Financial Planner (CFP) Designation

The Business - Financial Services Diploma prepares students to write the first competency exam, which is the necessary first step to obtain the Certified Financial Planner (CFP) designation.

Students successfully completing this Financial Planning Standards Council (FPSC) Accredited Education program and who wish to receive the Certified Financial Planner (CFP) designation must pass the CFP Accreditation exam which is scheduled in June and December of each year. In addition, students must also meet the two-year work experience requirements to be eligible for CFP licensing.

Note: Registered students who have been convicted of an offence under the criminal code for which they have not been pardoned may be denied the opportunity to enter work placement. A certificate of “Police Clearance” and/or “Consent to Disclosure” may be requested by the work placement agency.

Personal Financial Planner (PFP®) Designation  

The Business - Financial Services Diploma prepares students to write the Applied Financial Planning Certification examination which is necessary to obtain the Personal Financial Planner (PFP®) designation.

Students successfully completing this Canadian Securities Institute (CSI) approved educational path who wish to receive the Personal Financial Planner (PFP) designation must also meet the three-year work experience requirements to be eligible for PFP licensing. Read more on the Canadian Securities Institute website
 

 

Mutual Funds Licensing

By the end of the Canadian Investment Funds Course, students will have a solid foundation of what they need to know to be mutual fund dealing representatives. The successful completion of the CIFC Exam meets the proficiency requirement by the provincial securities commissions for mutual fund licensing.

 

Canadian Professional Sales Association (CPSA)

Graduates can apply to receive a Professional Sales Certificate from the Canadian Professional Sales Association (CPSA). Graduates will also receive credit points toward the Certified Sales Professional, the next CPSA designation, when they incorporate work experience with their academic training.

Fennell Campus
Jan 2017
Open
Sep 2017
Open
Cost

Estimated first year tuition and fees

$4,000‐6,000
$6,001‐8,000
$8,001+
Full Cost Breakdown
Syed C

"Mohawk's Financial Services Program has prepared me very well for a second career. But most importantly, it helped me get my confidence back that I had lost in my first year in Canada. The School of Business teachers and the staff are very capable and empathetic. They made it really fascinating."
Syed Chowdhury – first graduating class for Financial Services 2009

Dusko T

"My experience in the program has been a great one. The teachers are very knowledgeable and are very dedicated to the students. I am glad I chose Financial Services at Mohawk College as my program of study."
Dusko Trifunovic – first graduating class for Financial Services 2009

Diana P

"When I started Mohawk College, I was looking for a career that would allow me to help people, make a difference and allow me to live a lifestyle of freedom and choice. Deciding to become a Financial Advisor has certainly provided me with that opportunity. There are many aspects that need to be learned in order to become a Financial Advisor including; Sales, Networking, Mutual Funds, Insurance, Wealth Management, Estates and so much more. Between the experienced Teachers, the atmosphere of the College, the opportunities that the program provides, the networking and of course the fantastic curriculum provided by Mohawk College, I feel I am not only prepared but excited to embark in this new career."
Diana Piszczek – Graduating Class of Financial Services 2010

Suzanne F

"The Financial Services program gave me the tools and skills that I needed to start my career the day I left College. The practical and hands on components of the course enabled me to confidently begin my career in the financial industry. The extra accreditations that I received allowed me to gain a full time position with CIBC and qualified me to write my Certified Financial Planners exam. I also graduated with an extensive network of classmates and teachers to help enable me to reach my career goals."
Suzanne Farr – Graduating Class of Financial Services 2010
Financial Services Representative, CIBC Dunnville