Business - Financial Services - 303

Ontario College Diploma
Two years
Earn important credentials while discovering the role of financial planners in an exciting and complex world of personal finance.
Overview

Program Highlights

What you'll learn

  • How to build your career in the financial services sector, personal banking and life insurance field.
  • Understanding what is required to be a mutual fund representative.
  • Pursue your mutual fund license by completing the Canadian Investment Funds Course (CIFC)
    Exam which meets the proficiency requirement set by the provincial securities commission. Additional fees apply.
  • You will have the opportunity to complete the LLQP (Life License Qualification Program)*

Program Length

2 academic years (periods of 8 months)

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.
 

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Tuition and Fees

2018 - 2019 Domestic Tuition and Fees

  Semester 1 Semester 2
Total Ancillary Fees $717.02 $653.92
Co-op Fees N/A N/A
Mandatory Program Fees $0.00 $0.00
Domestic Tuition $1,504.49 $1,504.49
Total Domestic Charges Per Semester $2,221.51 $2,158.41
Total 1st Year Fees $4,379.92

2018 - 2019 International Tuition and Fees

  Semester 1 Semester 2
Total Tuition & Ancillary Fee $7,342.97 $7,342.97
Co-op Fees N/A N/A
Program Compulsory Fee Plus Tax $0.00 $0.00
International Tax Recovery $450.00 $375.00
Total International Charges Per Semester $7,792.97 $7,717.97
Total 1st Year Fees $15,510.94

If you pay by wire transfer, please note your bank might charge you a fee to transfer money. Make sure your transfer includes the Mohawk payment and the wire transfer fee. This applies to each wire transfer payment you make.

Additional Information

Admission

Domestic and International student admission requirements

  • 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.

Registered students who have been convicted of an offence under the criminal code 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.

Language Requirements for International Students:

  • See below for accepted equivalents for Grade 12 English:

Don't have the necessary requirements?

Experiential Learning

How you’ll gain skills

  • With close ties to industry partners and real-life simulations, you will be provided with experiential opportunities while learning the necessary technical skills.
  • 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.

Opportunities

Opportunities

Where you can go next

  • Earn a degree**:
    • Athabasca University - Bachelor of Commerce, Bachelor of Human Resources and Labour Relations, Bachelor of Management
    • Davenport University - Bachelor of Business Administration - Finance/Financial Planning Speciality, Bachelor of Business Administration - Finance
    • Niagara University - Bachelor of Science in Management, Marketing, Economics or Finance

Your future career options

  • Financial Services Representative
  • Investment Advisor
  • Wealth Manager
  • Financial Planner

  • Retirement Planner

  • Independent Financial Planner

  • Mutual Fund Salesperson

  • Life Licensee

Where you could work includes:

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

Opportunities for grads

  • 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)
  • Successful graduates may be able to challenge the CSI Applied Financial Planning (AFP) 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

Course Overview & Descriptions

Click on the course title for a course description.

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.

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

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

Program Coordinator

Student Success Advisors

Student Success Advisors

  • Student Success Advisors assist current students to transition to college life, co-creating an academic success plan, advice on course selection, changing programs, or referrals to specialized support services. If you need help applying to Mohawk, contact Admissions (for International Students, please contact International Admissions).

    Pat Pollington

Canadian Domestic Students

Fennell Campus (FF)
Jan 2019
Open
Sep 2019
Open
Jan 2020
Open

International Students


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