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Bay Street 101 Preparation Session. March 12, 2013. What is Finance?. Have you ever made financial decision? Believe it or not, EVERY DAY Finance addresses questions regarding VALUE Finance is an area between Economics and Accounting. What is Finance?.
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Bay Street 101Preparation Session March 12, 2013
What is Finance? • Have you ever made financial decision? • Believe it or not, EVERY DAY • Finance addresses questions regarding VALUE • Finance is an area between Economics and Accounting
What is Finance? • Allocate limited resources over time so as to maximize one’s utility • Maximize expected return subject to risk and other constraints • Raise capital and invest in profitable projects
Is Finance Right For You? • Yes if you are looking for a career that is interesting, rewarding, energetic, dynamic, applicable, creative, …. • Yes if you are good at logic and decision-making • Yes if you are interested in the financial markets
Career in Finance • Banking • Loan manager • Mortgage manager • Branch manager • Personal/private banking account manager
Career in Finance • Investment Banking • Equity research • Initial public offer • Seasoned offering • Mergers & acquisitions • Trading
Career in Finance • Asset Management • Mutual fund manager • Pension funds (CPP, OTPP) • Insurance companies • Financial Planning • Financial advisor/consultant
Career in Finance • Corporations • Treasurer • Chief financial officer • Public Sector • Ministry of Finance • Bank of Canada
Career in Finance • Accounting Firms – the Big Four • Insurance Companies • Hedge Funds • Private Equity Firms
Professional Designation • Canadian Securities Institute (CSI) • CSWP, PFP, CIM, MTI • https://www.csi.ca/student/en_ca/home.xhtm • Certified Financial Planner (CFP) • https://www.fpsc.ca/ • Chartered Financial Analyst (CFA) • https://www.cfainstitute.org
Get Ready? • Accounting courses • Connections & Networking • Extracurricular activities • Read financial news daily