Bachelor of Commerce - Financial Services Management Degree

Program Description

This degree program provides you with specialized skills for the banking and insurance sectors. Developed with input from experts in these areas, it focuses your studies on all aspects of financial services and provides you with a co–op work–term which allows you to gain valuable experience on the job at a major financial institution or insurance company.

There is an additional cost for certification courses that are included as part of the FSM program curriculum.

Admission Requirements

Program Eligibility:

• Ontario Secondary School Diploma with a majority of senior credits at the University Preparation (U) or University/College Preparation (M) level or Mature Student Status (age 19 or older)
• Six Grade 12 (U) or (M) courses with a minimum 65% average including:
  • Grade 12 English: ENG4(U)
  • Grade 12 Mathematics: any (U) level Mathematics
• Mature students (age 19 years or older) must submit proof of credits in the above subjects or their equivalent.

Applicant Selection:

• Applicant grades in pre–requisite subjects and the overall academic average of 6 Grade 12 (U) or (M) courses will be used for the selection of candidates.

FSM students must successfully complete BAB110 and BAB140 within their first two semesters of study to continue in the program.

In accordance with PEQAB requirements, this program has a minimal overall acceptable achievement for progression.

Scholarship opportunities are available for candidates with distinguished academic records in their high school careers. A variety of scholarships and bursaries are available to students based on merit and financial needs.

The Importance of Learning Skills:

Student success in college requires well developed learning skills (such as being able to work independently, participate in a team, be well–organized, develop good work habits, and show initiative). These skills are as important as prior academic achievement. While it is expected that applicants would have developed these skills through previous education and life experiences, Seneca offers support to assist students with further development of these important skills. Seminars, workshops and tutoring are available at Seneca's Learning Centres.

Fees

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Your Career

More than 223,000 people work in Toronto region's financial services sector making it the third largest concentration of financial services employment in North America, after New York and Chicago. More than 75 per cent of the financial services sector's employees hold post–secondary credentials which is considerably higher than the regional average (Source: the Toronto Financial Services Alliance).

The Financial Services Management degree prepares you for more designations and certifications than any other college financial services program.

As a graduate with an FSM degree, you’ll be prepared to enter the rapidly growing financial services sector which includes banking, insurance, wealth management, financial planning and regulatory administration.

You’ll have the opportunity to earn credits toward three industry designations:

• PFP (Personal Financial Planner) granted by CSI (Canadian Securities Institute). Graduates will reach the halfway point of this designation and be eligible to receive the CFSA – Certificate in Financial Services Advice.
• CFP (Certified Financial Planner) granted by FPSC (Financial Planning Standards Council). Graduates will be eligible to challenge the Financial Planning Examination 1 (FPE1).
• FLMI (Fellow, Life Management Institute) granted by LOMA (Life Office Management Association).

You’ll also have the opportunity to earn the following industry licenses/credits:

• CSC – Canadian Securities Course (mutual fund and securities licensing)
• CPH – Conduct and Practices Handbook (licensing course)
• IFC – Investment Funds in Canada (mutual fund license)
• LLQP – Life License Qualification Program (insurance license)

Block Transfers

Consideration may be given for block transfer credits to students who have completed three or more semesters of a business diploma program.

Liberal Studies Electives

Liberal studies electives will be offered to students in semesters 3 to 7.

Co-operative Education

The co–op work–term provides the learner with the opportunity to become involved in real–life work experiences where critical thinking, problem–solving and interpersonal skills are utilized. The work–term is scheduled over the summer semester between semesters 6 and 7.

For more information, please visit: www.senecacollege.ca/coop.

CGA Ontario Learning Centre

Grow your accounting and finance skill set in a space dedicated to supporting and engaging Seneca students, whether at the introductory or advanced levels of their accounting studies. Academic support is offered in partnership with the Certified General Accountants of Ontario. Located in the Newnham Campus Learning Centre.

Curriculum

Seneca has been granted a consent by the Minister of Training, Colleges and Universities to offer this degree for a 5-year term starting December 31, 2007. In conformity with the Minister’s criteria and requirements, Seneca will submit an application for the renewal of the consent for this program 12 months prior to the expiration of the consent. Seneca shall ensure that all students admitted to the above-named program during the period of consent will have the opportunity to complete the program within a reasonable time frame.

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