A degree in finance is ideal for anyone interested in managing money, businesses and performing analysis. In many Alberta universities, finance courses are offered in relation to other subjects such as banking, taxation, economics and accounting.
Finance majors enjoy some of the highest-paying jobs in Canada. Nevertheless, the Bureau of Labor Statistics has projected a dramatic increase in finance-related careers over the next decade.
Perhaps, you are good at analyzing trends, gathering data and compiling statistics, so a career in finance may be the ideal path for you. If you want to become a finance expert in Edmonton, this article is for you.
You will learn how hard a finance major is, the possibility of self-study, and how to excel in your career and make the most of your study in any of Alberta's prestigious universities.
What is a Finance Degree?
A finance degree is a program that offers a wide range of courses drawn from statistics, economics, accounting, banking and trading. A typical finance degree program in Edmonton prepares students for careers in the banking and economic sectors of the country.
Generally, finance degree programs are focused on the study, acquisition and management of investments and money. Finance professionals may find work in private and public financial institutions, government agencies, and companies assisting in budgeting and planning. Many professionals also go ahead to develop careers as financial advisors and other similar roles in private practice.
What Are the Different Types of Finance Degrees?
There are many finance degree options available to aspiring financial experts in Edmonton. Each degree qualifies professionals for different roles and careers within an organization.
- Bachelor's degree in finance
In many universities in Alberta, this program usually integrates foundational coursework in economics, banking and statistics and elongates into the study of more advanced financial principles and practices. In addition, students studying for this type of degree program in finance may be exposed to courses with practical experience, including an internship.
- Associate degree in finance
Most associate degree programs in Edmonton's universities usually take two years to complete in a full-time study. The degree is mostly offered as an associate of arts, science or applied sciences. Most finance professionals may find entry-level jobs with associate degrees.
- Master's degree in finance
The program focuses on generalized coursework in business and financial management. Students studying for this degree program are usually exposed to core principles and practices of financial management and their application in real-life scenarios using case studies.
- MBA in Finance
An MBA in finance generally focuses on business studies in its advanced stages. It exposes students' economic principles and application alongside entrepreneurial skills. With an MBA in finance, professionals can quickly advance to managerial roles within an organization, such as Chief Financial Officers and Finance Directors.
- Doctorate in Finance
The program helps finance professionals understand the various empirical and theoretical methods of evaluating the economic sector, predicting economic behavior and significant changes within the industry.
A PhD in finance is awarded to students who complete the program. Most of these professionals explore careers in academics and research by taking up roles in schools as professors, assistant professors and graduate teachers.
Where to Study Finance in Edmonton?
Edmonton may be your ideal choice if you want to study finance in Canada. There are many top universities and colleges in Edmonton, Alberta. They include:
- University of Alberta
- Vanguard college
- The King's University
- Concordia University of Edmonton
These universities and colleges rank highly in Canada and North America. This means they enjoy global recognition for their infrastructure, education system, teaching standards and research facilities.
Aside from that, one of the primary reasons why hundreds of students apply for various finance degree programs in these universities each year is they open their arms to all nationalities as long as they meet the minimum educational requirements.
Edmonton is one of Canada's few cities boasting a vibrant economy, booming industries and excellent infrastructure. So, you will undoubtedly make the most of your time studying for a finance degree in Alberta's capital.
What is the Best Way to Study Finance?
As an adult, you probably make finance-related decisions each day. So do millions of Canadians. However, you can quickly develop your passion for financial management and finance study without a finance background. The tips below could help you learn finance effectively. Learn about finance courses in Vancouver.
- Establish your learning goals
This is the first step that could create a roadmap for a successful finance study. Ask yourself, why do I want to learn about finance?" "What will the study of finance help me achieve?"
Finding valid answers to these questions could help you establish a strong learning purpose and develop a career roadmap for success in the future. Set goals and reference them as you progress in your study to improve self-discipline.
- Choose the best learning method that suits you
There are many ways to obtain a finance degree in Edmonton. They include in-person classes and online degree programs. However, if you want to get financial literacy, you may have more options on your plate than you imagined. Some of your learning options may include taking personalized finance lessons online, self-teaching by reading finance books and networking with finance professionals in the industry.
Learn to analyze real-world scenarios
You will increase your understanding of financial principles if you could learn fundamental analysis first. As you study each finance material, try to correlate it to actual life events around you. These could be a case study from other businesses or instances from your own life.
- Schedule time for study
After you have chosen your preferred method of studying finance, it's time to set aside a suitable time for learning. It could be specific days in a week or a set time each day. It depends on your learning goals and availability.
Each time you sit down to study a finance material, ensure you avoid distractions by choosing a conducive environment for learning. It's also important that you finish your study according to the time you allotted to them.
- Interact with fellow students and finance professionals
This is one of the quickest ways to gain financial literacy. You could become more knowledgeable about specific financial issues and policies if you learn from experts in the field. They include finance professors in your school, finance experts, finance analyst and joining popular student groups in your department.
How Long Does it Take to Study Finance in Edmonton?
Generally, Edmonton's college finance programs take 2-3 years to complete. And students are awarded a diploma in finance studies. But their bachelor's degree programs in universities in Alberta take four years to complete. This may also include internships and other thesis-based courses. See how long it takes to study finance in Toronto.
The master's program (either a Masters's degree in finance or MBA in finance) may take 1-2 years to complete depending on the school. However, full-time master's study may not exceed 18 months compared to part-time programs that may take up to 2 years.
Can I Make Money in Finance Without a Degree?
Most people want to pursue their career goals without the rigorous process of visiting a school's campus as their life depends on it. We understand that feeling! And that may have necessitated the question, "can I teach myself finance in Edmonton?"
Finance is not the easiest subject to study. But that doesn't mean you won't understand anything if you pick up a finance text immediately and begin reading it. It's all in your mindset, goals, determination and willingness to succeed despite the odds.
Most times, the significance of financial literacy may become evident to you when you become financially independent. However, some constraints may hinder you at this point, which may concern availability.
How do you learn about finance without pocking into your busy work schedule? The simple answer is personalized classes. Online finance lessons allow you to learn about finance in whatever way pleases you, irrespective of the time or location. Are you in Calgary? Learn more about finance courses.
So whether you are at work, school, driving or even eating, there are various ways to gain financial literacy. And when you peruse them carefully, you will easily find the one that aligns with your needs. They include:
- Listening to podcasts about a specific topic in finance
- Hiring a finance tutor for online or in-person lessons
- Reading audiobooks on finance
- Watching videos on YouTube
Among these options, many finance enthusiasts find it more beneficial to engage the services of a finance tutor online. Learning from experts is one of the best ways to gain financial literacy. More so, the lessons are 100% personalized to your needs. You may consider this option if you desire great flexibility while learning.
Superprof is one of the top go-to places globally recognized for excellence in online tutoring. Whether you are in Windsor or Edmonton, and you want to learn finance in Edmonton to pursue your chosen career or gain financial literacy at your convenience, the tutors can meet your needs and help you get the most from your finance study in Edmonton.
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