Business Administration courses

About Business Administration - Finance in Algonquin College

Specialize with a challenging and rewarding career in finance.

Earn a flexible diploma that shows you are aware of all areas of business, and that you also have specialized education in finance. Finance is one of seven majors available to Business Administration students. This three-year Ontario College Advanced Diploma program starts with three semesters learning a variety of essential business skills before ultimately deciding on a Major.

The Business Administration - Finance program prepares you to meet the high proficiency standards needed to complete professional designations and licensing courses in the financial services industry.

Learn how to become a strategic, skilled financial expert whom individuals and businesses will trust to create and analyze financial plans. You learn from experienced faculty who provide you with an education based on all areas of finance, including:

• financial analysis and decision-making
• customer service, sales and marketing financial products and services
• wealth management
• retirement and tax planning
• insurance and estate planning

Develop an understanding of the operations and importance of financial services. Use a hands-on approach to explore topics such as:

• the time value of money
• calculating return on investment and tax treatment of returns
• the relationship between risk and return
• Canadian financial institutions and regulators
• financial planning steps and the components of a financial plan

Examine the language, concepts, and techniques for analyzing and solving financial problems faced by individuals and businesses in Canada. Upon graduation, you have earned a flexible diploma that shows you are aware of all areas of business and that you also have a specialized education in finance.

Algonquin College partners with The Canadian Institute of Financial Planning (CIFP) to offer the Business Administration - Finance program, which meets FP Canada`s Core Curriculum educational requirements leading to the Qualified Associate Financial Planner® (QAFP)® designation. In addition, Algonquin College partners with the Canadian Securities Institute (CSI®) to offer the Canadian Securities Course® (CSC®), leading to the CSC® credential.

The QAFP® and CSC® are not awarded by Algonquin College. For more information on these credentials, refer to the websites: http://www.fpcanada.ca/certification/qafp-certification and https://www.csi.ca/student/en_ca/courses/csi/csc.xhtml.

You may find employment in the field of personal banking, investment and insurance advising and customer service. You might work in various financial institutions, such as:

• banks
• trust companies
• credit unions
• finance companies
• mortgage and insurance companies
• investment firms
• mutual fund dealers
• financial planning organizations

SUCCESS FACTORS

This major is well-suited for students who:

• Have a high degree of people skills.
• Possess good communication skills.
• Are willing to develop a high level of self-management skills.

Careers

Graduates may find a range of employment opportunities in various financial institutions, such as banks, trust companies, credit unions, finance companies, mortgage and insurance companies, investment firms, mutual fund dealers, financial planning organizations, and other firms that provide financial products and services. Graduates may pursue careers in the field of personal banking, investment and insurance advising and customer service.

Learning Outcomes

The graduate has reliably demonstrated the ability to:

1. Co-ordinate the processing and maintaining of financial records in compliance with relevant policies, procedures and regulations for individuals and/or organizations.
2. Co-ordinate the preparation and the presentation of financial information in compliance with relevant legislation and regulations for individuals and/or organizations.
3. Analyze financial reports for individuals and/or organizations by applying financial mathematics and statistics.
4. Develop and evaluate a financial plan to meet individuals` and/or organizations` needs and objectives.
5. Develop, implement, evaluate and co-ordinate marketing strategies to promote financial products and services and to enhance customer service.
6. Develop, implement and evaluate strategies to establish and maintain professional networking and business relationships in the finance sector.
7. Analyze and evaluate, within a Canadian context, the impact of economic variables, legislation, ethics, technology and the environment on individuals` and/or organizations` operations.
8. Develop, implement and evaluate ongoing strategies for personal and professional development, highlighting ethics, values and standards in the finance sector.
9. Co-ordinate the planning, implementation, management and evaluation of team projects by applying project management principles.
10. Identify and apply discipline-specific practices that contribute to the local and global community through social responsibility, economic commitment and environmental stewardship.

Program Eligibility

• English, Grade 12 (ENG4C or equivalent).

• Mathematics, Grade 12 (MAP4C or equivalent).

Applicants with international transcripts must provide proof of the subject specific requirements noted above and may be required to provide proof of language proficiency. Domestic applicants with international transcripts must be evaluated through the International Credential Assessment Service of Canada (ICAS) or World Education Services (WES).

• IELTS-International English Language Testing Service (Academic). Overall band of 6.5 with a minimum of 6.0 in each band; OR
• TOEFL-Internet-based (iBT)-overall 88, with a minimum of 22 in each component: Reading: 22; Listening: 22; Speaking: 22; Writing: 22.

Should the number of qualified applicants exceed the number of available places, applicants will be selected on the basis of their proficiency in English and mathematics.

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