Friday, December 28, 2012

Financial Planning Program Offers Credential For Increasingly Popular Field

The banking industry is changing and the demand for those who have attend a post-secondary undertaking such as Centennial College’s Financial Planning program is steadily increasing. In fact, a 2009 report by the Toronto Board of Trade confirms that with demographic changes and the need for regulation and associated trained professional, there will be an increasing demand for graduates with Financial Planning certification.

These types of undertakings are typically designed for those with previous experience in the banking industry who wish to update their training to keep up with the evolution of the field. In addition, anyone with a previous college education may apply. The specific admission requirements for Centennial College’s Financial Planning program include:  a transcript of a college diploma or university degree in any discipline; proof of English proficiency and an assessment of numeracy skills. The school will also consider applicants with partial post-secondary and relevant work experience (transcript and resume review is required).

In addition to the Ontario College Graduate Certificate that students receive as their Financial Planning certification, accreditations gained as a result of successful completion of courses and industry exams include: Canadian Securities Course and Wealth Management Essentials. Meanwhile, designations and licenses that can be obtained as a result of completing preparatory courses and successfully writing the industry exams include: Certified Financial Planner.

Due to its condensed format of just two semesters, the Financial Planning program is fast-paced and covers a wide range of topics in its 12 courses. These topics are all designed to be relevant the field and serve to get students prepared to apply for positions as soon as they graduate. Among them are: ethics and stakeholder management, crafting and executing strategy, CSC preparation, certified financial planner preparation, corporate credit management, financial management, marketing, retirement financial planning, estate planning and risk management, tax planning, and accounting for managerial decision making.

As a result of the intense Financial Planning program training, students obtain the skills that employers seek when hiring. These skills include: know-how to integrate ethical decision-making processes into all aspects of the financial planning profession and successfully adhere to recognized financial planning principles and industry standards; prepare accurate and relevant financial plans, manually and electronically; compare, contrast and select financial products and services; investment planning and counselling services for clients, while adhering to industry standards; effectively market financial products through the development of an inventory of prospective clients, and follow up with individual sales strategies in pursuit of new and renewal business; recognize potential tax and legal implications within a financial planning situation; and more. With their skills, Financial Planning program students may find careers in places such as: banks, credit unions, financial planning companies, life insurance companies, mutual fund companies and investment dealers.

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