Business Administration: Financial Management

CampusStart DateTuition/Fees
MonctonSeptember 2022 (Blended Delivery) Domestic | International
Saint JohnSeptember 2022 (Blended Delivery) Domestic | International

Program Overview

Whether it’s a business or an individual, making smart financial decisions is a must in this world. Financial managers are trusted advisors who make recommendations and decisions that help people and organizations make the most of their money. Imagine helping your clients enjoy the comfortable retirement they've worked all their lives for or helping your employer make financing decisions to help grow the company. Every day, our advice helps others achieve their financial goals. If you've got an interest in money and making it grow, financial management is an education that you can literally take to the bank.

In our Business Administration: Financial Management program, you'll learn about risk and return, portfolio evaluation, securities terminology, market operations, financial planning, the psychology of investing, insurance basics, and sales techniques. The program incorporates the nationally recognized Canadian Securities Institute and Investment Funds Institute of Canada curriculums. When you graduate, you'll have the expertise to research and analyze companies and effectively communicate your findings and recommendations. From cryptocurrency to eco-investing, the financial landscape is constantly evolving. Enroll today in the Business Administration: Financial Management program and pursue a career helping people and companies be at the top of their financial game.


Duration

The requirements for this diploma program may be achieved within two academic years of full-time study.


Admission Requirements

    Profile B

  • High School Diploma or Adult High School Diploma or GED Diploma of High School Equivalency or Essential Skills Achievement Pathway: Post-Secondary Entry High School Diploma
    • Foundations of Mathematics 110
      or
      Geometry and Applications in Mathematics 112 and Functions and Relations 112

      NB Francophone High School Math Equivalencies
      International Student Admission Equivalencies


      Career Possibilities

      Money is a global language, which means that financial managers can find opportunities worldwide in many areas of the financial sector. Career possibilities include employment as financial managers, insurance, real estate and brokerage managers, banking, credit and investment managers, financial and investment analysts, and securities agents.

      The Business Administration: Financial Management diploma also prepares you to write the Canadian Securities Course Examination or the Canadian Investment Funds Exam to earn official professional designations. In addition, your diploma can be used to gain admission to the third year of bachelor’s degree programs at several universities. Whether you go directly into the working world or continue furthering your education, you'll have a solid foundation to build on.

      Find career possibilities related to this program in Career Coach.


      Specific Considerations

      The Business Administration: Financial Management program will prepare you to write Canadian Securities Course Examinations or the Canadian Investment Funds Exam.

      Technology Requirements
      NBCC is a connected learning environment. All programs require a minimum specification, including access to the internet and a laptop. Your computer should meet your program technology requirements to ensure the software required for your program operates effectively. Free wifi is provided on all campuses.


      Program Courses

      Courses are subject to change.

      This course provides a general overview of the Canadian business environment as well as the various functional areas of a business. Focus will be placed on the interrelationships between the functional areas of business, such as finance and accounting, sales and marketing, human resources, operations and logistics. The course will also introduce business structures, the role of government, business ethics, social responsibility and entrepreneurship. The course will provide a basic understanding of Canadian business practices and terminology and the concepts of macro and micro environments will be introduced.

      This course is designed to allow the student to work independently in a business setting related to their field of study. Students are expected to follow the work schedule of the practicum host.

      This course is designed to strengthen fundamental skills in written communications.  This course focuses on how to write clear, effective sentences and paragraphs, create organized, unified, and coherent business messages and documents. Emphasis will be placed on recognizing the importance of communicating for the intended purpose and audience. The students will apply the stages of the writing process to business writing: prewriting, writing, and revising, as well as research, prepare, format, draft, proofread and edit a series of documents commonly used in business.

      This course is designed to develop professional verbal communication and presentation skills for the business environment. Emphasis is placed on verbal communication techniques, strategies, and presentation tools to deliver oral presentations with confidence and professionalism.

      This course introduces students to a wide range of macroeconomic issues such as aggregate supply and demand, fiscal policy, nature and causes of unemployment and inflation, the role money and banking play in the economy, as well as international trade and the international monetary system.

      This course enables students to examine key economic issues and problems as they relate to business and to the Canadian business environment. Students apply economic principles to the study of Canada and its economy. They acquire the skills to manage businesses more effectively, make appropriate personal choices in business, and contribute to society overall.

      This course is designed to examine the challenges and successes of corporate social responsibility.  The focus will be exploring corporate social responsibility as the continuing commitment by business to contribute to economic development while improving the quality of life for the workforce, their families and society at large. Focus will also include the application of ethical concepts and principles to make thoughtful and responsible ethical decisions for a business.

      This course introduces accounting concepts. Focus will be placed on recording financial transactions for the complete accounting cycle, inventory, and related ratio analysis.

      This course expands on transactions related to assets and current liabilities.  Focus will be placed on cash, receivables, capital assets, payables, basic payroll transactions, related ratio analysis and an introduction to various forms of businesses.

      Prerequisites:

      • GACG1126A

      This course introduces the basic principles, aspects and features of insurance.  The course focuses on the full policy cycle and a broad range of types of insurance including life, disability and critical illness.  Canadian taxation constraints along with the legal and ethical framework within insurance agent’s responsibilities are also introduced.

      This course provides an overview of key investment management terms and concepts, as well as a study of the goals of the investment manager. In addition, key aspects of the investment management environment will be discussed.

      The student explores the many psychological factors that have an impact upon investor behaviour. Common errors made by the investor are examined and traced back to the root psychological causes related to judgment, fear, confidence level and assumptions. Strategies that can be used to guide the investor to making more effective decisions are identified.

      Students completing this course will emerge with a general understanding of how the markets in Canada are used as a means of raising necessary capital. They will be able to discuss and explain to others how the markets and sales of financial instruments in Canada are regulated and why this regulation is vital to a market economy. Students will also be able to discuss the three main categories of investments, how their returns and risk characteristics differ and why, and employ diversification techniques to an investment portfolio to reduce risk. Finally students will be able to calculate the rate of return on an investment or portfolio of investments and assess the relative success of the investment.

      This course builds on the knowledge gained in INVE 1009 Introduction to Financial Markets by delving further into the calculation of risk and return on investments and investment portfolios, then using this knowledge to prove the value of diversification of investments held in portfolios, and by applying portfolio theory to assess the appropriate value on investments.

      Prerequisites:

      • INVE1027A

      This course introduces students the Canadian securities market. It assists students in their preparation to sit for the first of two Canadian Securities Exams (CSE), administered by the Canadian Securities Institute (CSI). The CSE are a requirement to work for most securities firms and is quickly becoming a requirement when applying for positions in banks, securities houses, and financial service firms.

      Prerequisites:

      • INVE1028A

      This course introduces students to additional Canadian securities information not addressed in Canadian Securities I. It assists students in their preparation to sit for the second Canadian Securities exam administered by the Canadian Securities Institute. The Canadian Securities exams are a requirement to work for most securities firms and are quickly becoming a requirement when applying for positions in banks, securities houses and financial services firms.

      Prerequisites:

      • INVE1029A

      This course provides instruction to complement the learning environment of the online Investment Funds Institute of Canada’s (IFIC) Canadian Investment Funds Course (CIFC). The course focuses specifically on providing students with the knowledge required to be a successful mutual fund salesperson. Student learning is assessed by NBCC; as well, the students prepare to write the CIFC examination.

      Prerequisites:

      • INVE1028A

      This course provides a guideline for completing a financial plan from beginning to end for a client utilizing the client’s goals, time horizon, risk tolerance and investment knowledge. Students are given instruction on completion of all elements of the financial plan and the accompanying calculations required. Plan elements discussed include the planning process itself, goal setting, analysis of the client’s current situation, allocation of income to goal savings, efficient use of credit and debt, inclusion of investments into the plan, life, disability and critical illness insurance planning along with needs calculations, taxation issues, retirement planning and the accompanying needs analysis and calculations, education savings planning and calculations, and estate planning.

      Prerequisites:

      • MATH1278A

      This course is an introduction to basic concepts in Canadian law that pertain to business. It provides students with an overview of various acts and legislations that govern the marketplace. Topics include contract law, tort liability, employment legislation, intellectual property, and real property.

      This course will introduce students to Canadian taxation system and how to complete of basic personal income tax returns in accordance with provisions of the Income Tax Act.

      This course develops arithmetic and algebraic skills to solve mathematical problems related to business. Business calculations include gross earnings, commission, taxes, break-even analysis, cost-volume-profit analysis, trade and cash discounts, markups, markdowns, and simple interest.

      This course develops skills in financial mathematics. The primary focus is calculating compound interest. Topics include loans, invested sums of money, annuities, amortization, mortgages, sinking funds, and bonds.

      This course provides an overview of marketing functions from a Canadian marketplace perspective. Emphasis will be placed on understanding a socially responsible marketing environment, researching and understanding consumer and business buying behaviours, and defining the marketing target.

      This course introduces marketing strategies and focuses on the elements of the marketing mix. Emphasis is placed on decision-making for tangible and intangible products, pricing, distribution, and marketing communication, to achieve marketing goals.

      Prerequisites:

      • MKTG1102A

      This course introduces a systematic approach to the concepts and theories behind creating effective workplaces. Organizational behaviour (OB) explores how individual, group and organizational characteristics can influence an organization’s effectiveness, productivity, and its ability to accomplish goals. Understanding organizational behaviour concepts and theories helps contribute to successful organizations.

      This course provides an introduction to the meaning of community service.  Students learn how community service can enhance a student’s educational experience, personal growth, employability, and civic responsibility. Students participate in one day of volunteering to enhance their understanding of civic responsibility and to help the New Brunswick Community College realize its vision of transforming lives and communities.

      This workshop introduces students to the process of finding employment. It explores the various strategies and resources available, and examines the role of social media.

      This course allows students to apply their learning from their Business Administration program to an industry partner project. Working with faculty and an industry partner, students are tasked with finding solutions to a business problem. Working independently or in small groups, students will gain a deeper understanding of their Business Administration field, apply theory and best practices, and use the tools and learnings they have gained throughout the program. This course culminates with a final presentation of the project findings and recommendations.

      This course allows students to apply their learning from their Business Administration program to an industry partner project. Working with faculty and an industry partner, students are tasked with finding solutions to a business problem. Working independently or in small groups, students will gain a deeper understanding of their Business Administration field, apply theory and best practices, and use the tools and learnings they have gained throughout the program. This course culminates with a final presentation of the project findings and recommendations.

      This course introduces the fundamentals of computer applications and file management in a business environment. Focus will be placed on software features and functions for email, word processing and spreadsheets; scheduling, calendar management, and collaboration; and time and task management.

      This course builds on the spreadsheet application skills acquired in Business Computer Applications I. Learners produce quality business workbooks designed for effective data management and analysis. The focus is on software processes, functions, and features to manipulate large data sets across multiple worksheets and workbooks.

      Prerequisites:

      • SAAL1849A

      This is an introductory course on data collection, analysis, and interpretation for investment and financial planning purposes. This course enables students to become familiar with basic data concepts and uses of data to make better investment decisions.

      This course is designed to examine the fundamentals of selling and customer service.  Emphasis will be placed on the concepts and practices of selling, preparing and conducting sales presentations that create customer value and developing skills in customer service that lead to retention of customers.

      A safe and healthy workplace is the responsibility of the employer and the employee. This course introduces students to the importance of working safely and addresses how employers and employees can control the hazards and risks associated with the workplace. Students will also learn about the roles and responsibilities of key stakeholders including WorkSafeNB, the employer and the employee in ensuring workplaces are safe.

      The course introduces students to the major concepts and tools for describing, analyzing and drawing conclusions from data. Course topics include summarizing and presenting different types of data, analyzing the risks and assumptions underlying statistical analysis and the principles and methods associated with sampling.

      Prerequisites:

      • MATH1277A


      NOC Codes

      0121 - Insurance, real estate and financial brokerage managers
      0122 - Banking, credit and other investment managers
      1112 - Financial and investment analysts
      1113 - Securities agents, investment dealers and brokers
      1212 - Supervisors, finance and insurance office workers
      1434 - Banking, insurance and other financial clerks
      6551 - Customer services representatives – financial institutions


      Disclaimer: This web copy provides guidance to prospective students, applicants, current students, faculty and staff. Although advice is readily available on request, the responsibility for program selection ultimately rests with the student. Programs, admission requirements and other related information is subject to change.


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