A finance degree in Calgary focuses on studying money management, investment and banking. Perhaps you just applied to study finance at the university or are contemplating if finance is an excellent major to study in Calgary.
Before you fill out that application form online or apply for a finance degree program in Edmonton, there are so many things you should know about a finance degree in Calgary. From program expectations to choosing a school and career prospects, you will learn the rudiments of finance study in Calgary by reading this guide.
First, let’s see why you should pursue a degree in finance.
Who Should Pursue a Career in Finance?
Even if you love numbers and were good in math and statistics during high school, it doesn't mean a finance career is a right path for you. But several traits could make you see if you are an excellent fit for a career in finance.
- Fast learners
Economic and financial situations change rapidly. It takes a quick learner to understand financial situations and their dynamic nature in the economy. Since finance experts are good with analysis, it's expected that anyone that wants to study finance at uni must learn quickly or adapt easily to trends. If not, pursuing a career in finance may be a daunting experience for you.
Fast learners are also critical thinkers. These skills are vital for anyone aiming for a successful career in finance.
- Communication skills
Being a math wizard isn't enough to excel in finance courses in Calgary. In addition, you ought to know how to communicate your math knowledge and interpret results—little wonder why the best finance professionals are great with communication.
- Persistence
Learning about finance is an exciting journey, but it might soon become a stressful industry if you lack patience and persistence. However, you can easily succeed in your chosen finance career if you keep pushing and never give up at the mere sight of challenges.
- Analytical skill
Whether you want to pursue a career in finance to enable you to become a financial analyst or peruse the industry for other options, you will need top-notch analytical skills to succeed in the industry.
Anyone in the finance industry knows the significance of accurate predictions of market situations and critical thinking. Although you need many other traits to excel in the industry, these are the most vital traits.
Is Finance Better Than Accounting?
Many students find accounting and finance similar when choosing a major and may have trouble choosing between disciplines. Although at the initial stage of your finance study in Calgary, you may discover accounting concepts intertwined into finance courses. Learn more!
Its purpose is to give you a better overview of both disciples and their interrelatedness. But as you progress in your study, you will focus on core finance courses.
Studying accounting at the university have its advantages, and so is a degree in finance. No one has distinct benefits more than the other. It depends on your interests and long-term career goals.
What is the Difference Between Finance and Accounting?
Finance uses information and financial data to analyze and manage trends, markets, opportunities, and investments. Finance professionals study market trends, including present and past historical data, to make informed decisions on the viability of an investment option.
Generally, a finance degree program is a broader study than accounting.
On the other hand, accounting study entails recognizing, recording, and reporting financial transactions within an organization or economic entity. So, it's a narrower study compared to finance.
Experts in this industry manage the day-to-day cash flow of a business entity. They are also responsible for analyzing financial transactions to enable top management and stakeholders to make informed decisions based on the reports.
Therefore, since both disciplines require supreme analytical skills, it's safe to say that you may need to master the same skill set to become an expert in either accounting or finance.
Do I Need Math to Become a Finance Expert in Calgary?
You need math skills to study for a finance degree in Calgary. Although most people equate finance study with calculations, not all mathematical concepts apply to the discipline.
Notwithstanding, you need a knowledge of basic math and analytical skills to excel in your first year studying finance at the university in Calgary.
What Type of Math is Used in Finance?
Financial mathematics uses tools from statistics, financial engineering, quantitative finance, probability, and economic theory.
It is the primary mathematical model applied in most finance courses in uni. In addition, it is the application of mathematical models to financial problems and case studies.
If you want to develop math skills to boost your chances of success in the finance industry, here are some strongly supported skills you should hone before or during your finance study in Calgary.
- Statistics and probability
These two are the most essential skills you must hone to advance your career pursuits in the industry. Most finance experts can attest that almost all roles within the industry (whether in government or private sectors of the economy) require expert knowledge of statistics and probability. Without these math skills, it may be challenging to get entry-level jobs in large organizations that utilize rigorous procedures for talent sourcing.
- Algebra
This is one of the most looked-down-upon math skills, yet its knowledge is essential if you must succeed in the finance industry. In most banking and financial institutions, finance experts may need to solve for variables while they analyze historical data and trends.
- Trigonometry
Although its knowledge is not needed in all finance disciplines, finance enthusiasts who want to acquire quantitative trading skills and compare multiple investment options may need to have at least basic knowledge of this math skill.
Where Can I Get a Finance Degree in Calgary?
Now that you know the skills to master to succeed in finance study, you may be interested in learning about the universities that offer finance courses in Calgary. Worthy of mentioning is that most colleges and universities offer a wide range of courses for anyone interested in a finance degree program.
Also, the degree program may vary according to career needs. For instance, most schools may offer Masters in Finance (MSc) and MBA in Finance. In contrast, some others may offer just one.
University of Calgary
The University of Calgary offers Bachelor's in Commerce (BCom) degree with a concentration in finance. A degree in Commerce may be a stepping stone for finance graduates to explore careers and options such as public policy, international law, and graduate programs.
Mount Royal University
The university offers a Bachelor of Business Administration (BBA) with a major in finance. The Bissett School of Business administers the degree program. The school invites students from all nationalities to experience its leading-edge industry practices and education system.
Many studies have ranked Mount Royal University as one of the top schools for business and finance courses in Calgary due to the overall education experience and quality of teaching the educators offer.
Ambrose University College
The school awards a bachelor's in business administration degree for finance majors. The program includes a wide range of finance courses that train students on the path to gaining expertise in finance studies.
Students are also exposed to mastering various analytical concepts in the study of finance. Some of these courses are thesis-based and designed to enable the student to become knowledgeable in the industry and gain expertise in a particular field.
St Mary's University College
The school offers a Bachelor of Commerce degree to finance majors by the Sobey School of Business. St Mary's University College provides an internationally recognized curriculum that exposes students to expert knowledge in the industry. In addition, finance graduates from the school are trained to sit for certification exams based on CFA standards.
Is a Finance Degree in Calgary Worth it?
A finance degree in Calgary is worth it for many students. Calgary is located in the western Canadian province of Alberta, and the city has enjoyed a booming economy for many decades. As a result, it's expected to find a handful of fintech and finance institutions.
Not just that, the educational sector is not left in the gutters. It boasts a vibrant education system with colleges and universities in top national and global rankings. If you want to pursue a finance degree, you may consider enrolling in a finance degree program at any of its prestigious universities.
Fortunately, these schools also offer online finance degree programs with few campuses during the study.
Final Thought
Now that you know what a finance degree in Calgary is like? Learn more about finance degree programs in Toronto.
Are you prepared to include the universities in Calgary in your list of schools that deserve consideration?
As you try to build a successful career in finance, the tutors on Superprof could help you deepen your financial literacy and gain more understanding of various finance topics. Hiring a tutor takes only a few clicks, and you could get your first lesson free.
If you live in Windsor, these finance degrees may suit your needs.
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