Financial Planning and Wealth Management Courses in Canada

financial-planning-and-wealth-management-courses-in-canada

A career in Financial Planning and Wealth Management is lucrative and evergreen. As many first-time investors enter the financial market every year, the demand for financial advisors is also proliferating. Suppose you're aiming for a career in the financial advising arena. In that case, courses in Financial Planning and Wealth Management are apt.  

Financial Planning and Wealth Management Course Highlights

Programme

Graduate Certificate 

Course Name

Financial Planning and Wealth Management

Duration of the Course

Varies from a few weeks to 2 years

Eligibility

Bachelor’s degree

Entrance Exam

IELTS / TOEFL, GMAT

Tuition Fees (In CAD)

Ranges between 5,000 and 30,000

Jobs

  • Financial Advisor/Planner
  • Wealth Manager
  • Investment Officer
  • Portfolio Manager
  • Credit Counsellor
  • Trust Administrator
  • Budget Analyst

Average Annual Salary (In CAD)

58,000

Why Should You do Financial Planning and Wealth Management Courses in Canada?

Globally recognised courses: 

Canada is one of the best places for financial courses, as great scholarship options and ample job opportunities are available. Most Canadian universities' financial planning and wealth management courses have global recognition. Hence, it's facile to get a job even outside Canada.

High-quality education: Canadian universities are known for their high-quality education. World-class infrastructure, excellent faculty, and opportunities to gain specialised career expertise are a few factors that attract international students to Canada. Immigration opportunities: The Post-graduation Work Permit Program (PWPP) allows international students to stay and work for up to 3 years after completing their course. After working for a year in the country, they will be eligible to apply for permanent residency.

Affordable education: Canada's cost of education is much cheaper than other developed countries such as the US and the UK.

Who Should Take Financial Planning and Wealth Management Courses?

Financial Planning and Wealth Management courses are apt for those who look to build a career in the financial service industry. Upon completing this course, you can work either as a financial planner or a wealth manager. But these two roles require analytical and interpersonal skills. Apart from this, the person should have a good command of mathematics. The course in Financial Planning and Wealth Management aids the aspirants in developing these skills.Financial planners advise their clients on investments, tax planning, wealth management, and retirement planning. On the other hand, wealth managers offer their services to affluent families and high-net-worth investors to manage their finances to achieve their financial goals.

List of Financial Planning and Wealth Management Courses in Canada

  • Graduate Certificate in Financial Planning
  • Post-degree Diploma in Financial Planning
  • MBA in Financial Services
  • Certificate in Financial Planning & Wealth Management
  • Canadian Securities Course (CSC)
  • Wealth Management Essential (WME)
  • Applied Financial Planning (AFP) Certification

Top Universities for Financial Planning and Wealth Management Courses in Canada 

Name of the University/ College

City

QS World Ranking

McGill University

a

Montreal

=27

McMaster University

Hamilton

140

Western University

London, Canada

170

George Brown College

Ontario

-

Centennial College

Ontario

-

Humber College

Ontario

-

University de Montreal

Montreal

111

Douglas College

Westminster

-

Lambton College

Sarnia

-

Cost of Studying Financial Planning and Wealth Management Courses in Canada

Tuition Fees

Name of the University/ College

Course

Duration

Tuition Fees

(In CAD)

McGill University

Graduate Certificate Programme

13 weeks

5,454

Centennial College

Graduate Certificate Programme

1 year

17,165

Lambton College

Graduate Certificate Programme

2 years

25,550

University De Montreal

Certificate in Financial Planning

1 year

29,400

George Brown College

Financial Planning Program (Postgraduate)

8 months

 (2 semesters)

15,480

Humber College

Graduate Certificate Programme

3 semesters

18,048

Cost of Living in Canada

The cost of living in Canada may vary from person to person. It largely depends upon your lifestyle, type of accommodation, place where you're located, etc. However, the average living cost for international students in Canada is as below:

Expenses

Average Monthly Amount (In CAD)

Accommodation

500-800 (For on-campus accommodation)

250-650 (For student residences)

1,000 (For studio apartments)

Transportation

90 (with transportation pass)

Food

200-300

Internet

50-75

Utility Expenses

150

Other Items

500 (Approximately)

Financial Planning and Wealth Management Courses in Canada: Eligibility Criteria

The candidate should have completed a bachelor's degree to secure admission to a Graduate Certificate course in Financial Planning and Wealth Management. Many Canadian universities prefer only those who have studied business-related subjects such as Economics, Finance, etc., at the undergraduate level for their Financial Planning and Wealth Management courses. Candidates who have a bachelor's degree from other disciplines and a Diploma in Applied Finance or a Certificate in Applied Finance are also eligible to apply for Financial Planning and Wealth Management Courses in Canada.

In addition to this, the following additional requirements needed to get admission to Financial Planning and Wealth Management Courses in Canada are:

  • An assessment of numerical skills (required in certain universities)
  • English language proficiency
  • GMAT for MBA programmes

Exams Required to Study Financial Planning and Wealth Management Courses in Canada

Exam Name

Minimum Score

Bachelor’s Degree

3 GPA

IELTS

6.5

TOEFL

79

GMAT

550

Scholarships to Study Financial Planning and Wealth Management Courses in Canada

Scholarships

Description

Amount (In CAD)

Scholarships for International Students, Lambton College

The award is based on academic excellence or merit. Scholarships may be awarded based on faculty, donor or committee selections.

Varies

International Entrance Scholarships, 

Humber College

International Students with excellent academic performance are eligible for this award

2,000

IG Wealth Management – Downtown Scholarship, Centennial College

Awarded to a full-time students enrolled in the first year of the Financial Planning program

1,000

IG Wealth Management – Markham Scholarship, Centennial College

Awarded to three full-time students enrolled in the Financial Planning program

1,000

How to Apply for Financial Planning and Wealth Management Courses in Canada? 

  • Make a list of the universities that offer Financial Planning and Wealth Management courses.
  • Compare their eligibility criteria, fees, course structure, and scholarships for international students.
  • Also, check their admission process and the starting month of the course.
  • Choose the university/ college that is most suitable for you.
  • Before you start applying, keep the softcopy of the following ready:
    • Scorecard of the eligibility tests
    • Transcript of mark sheets
    • Proof of funds. You need to show that you have enough funds to meet Canada's education and living expenses. Here, you can use the proof of your student loan.
    • Statement of Purpose (SOP). It's an essay that shows why you're selecting the particular course of that university/ college. This document plays an important in your admission. Hence prepare it carefully.
    • Letter of Recommendation (LOR). LOR from the faculty members of your current or previous educational institution. Most universities ask for more than one LORs.
    • Your resume
    • Passport size photographs
    • Additional certificates, in any, such as experience certificates.
  • Now, fill out the application form and upload all necessary documents.
  • While applying, you need to pay a non-refundable application fee.
  • Most universities conduct interviews of candidates as part of their admission process. At the postgraduate level, the interviewer may ask subject-specific questions.
  • If you're successful in the interview, you'll receive a conditional offer letter from the university.
  • At this point, you can book your seat by paying the deposit. Usually, this deposit will be non-refundable.

Career after Financial Planning and Wealth Management Courses in Canada

After completing the Financial Planning and Wealth Management course, you will be able to apply for various roles in banks, financial service companies, financial planning companies, and other financial institutions. Following are a few roles apt for graduates of the Financial Planning and Wealth Management course:

Job Profile

Average Annual Salary (In CAD)

Financial Advisor/Planner

55,000

Wealth Manager

57,500

Personal Banking Officer

34,000

Investment Officer

41,000

Financial Services Representative

34,000

Credit Counsellor

55,400

Trust Administrator

64,000

Budget Analyst

70,500

Portfolio Manager

107,670

TOP Recruiters

  • Royal Bank of Canada
  • Toronto - Dominion Bank
  • Scotiabank
  • Brookfield Asset Management Company
  • Bank of Canada'
  • TD Wealth
  • Canadian Imperial Bank of Commerce
  • Consolidated Credit Counseling Services of Canada, Inc.
  • BMO Financial Group
  • Meridian Credit Union
  • National Bank of Canada
  • Quintessence Wealth
  • KPMG Canada

Still unclear about anything? Well, not to worry. Contact AECC Global and get your queries answered today!

Conclusion

AECC Global is one of the world's leading educational consultancies with versatile expert professionals ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey to achieving your dream.


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