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  Canada Immigration Forum > About Canada > Study > New immigrant , looking for good course suggestion for banking domain.
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New immigrant , looking for good course suggestion for banking domain.




Hello guys,

I am new immigrant here. I am from Mumbai and i have 7+ years of experience in Front office banking.

I was into Relationship management, i want to know of any course which is good to get a job in Banking domain?

I have Heard of CIFC , IFIC .. little confusing. More over i want to understand your experience and then take an informed decision.


Thanks a lot!!


 
Reharnw

Junior Desi
Member since: May 19
Posts: 1
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Post ID: 238668 19-05-19 13:25:18
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Full House
Senior Desi
Member since: Oct 12




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CFIC and IFIC.. What do these acronyms mean..

It is sad that none of the Courses that one takes for entry into a specific JOB is recognized by the others. In short NO COURSE IS OF INTERNATIONAL in Nature. So, you have to learn everything all over again to get an entry, as it becomes Mandatory for that JOB.

As a general rule, The Stock markets are Expected to rise or they are biased to move upwards over the years. So, the Banks and all of the INVESTMENT INDUSTRIES are designed to a BUY and HOLD Principle. But each stock does not behave in the same way, so, there are risks associated with each. Based upon the risk factor, they are classified by the industry and grouped as per their payouts Quarterly and Annually too. The risks though may be the same, the rewards will determine as to which group they get placed into. But the entry job that you get placed into might not have any use till they slowly move you up into a category where the bank wants you to work. The entry job will only get you in through the door into a Bank or a Financial Institution and let you in and get to know the people, their locations and the Hierarchy. How high you reach into that depends upon who you know in there. What you know seldom gets recognized. In short you will be an individual classified as "Also Ran". But with NO PRESSURES ON YOUR PLACEMENT THERE.

Most of the staff learn things on their jobs. And you will also note that the Stock markets and the Mutual funds all have different Financial Instruments. It will take years to get to know all of them.

Now to the Nitty Gritty. : These two courses overlap - and each one does not recognize the other as they are based upon different basics and only scratch the surface. In short, they only tickle your curiosity and when you delve deeper into them, you will find that you are not permitted to handle a sale or give advice on the subject to any one. That you will get to know when you take the ETHICS course.

So, Which one is good to take? Take only what they want and only if you get a placement with them. Also, you get a reduction in costs and fees at that time. You get a break there. That is why we say get your Educational Qualifications Evaluated before arrival.

Hope this helps you a little bit.

Just in the passing, All of the Banking will shift to Mobile and Internet based Transactions soon and your job must take you to a post that will provide you with continuity in that institution. So, please be guided by that. I don't want to see you returning back and seeking additional help, because the current technology is moving too fast and I hate to see you get left behind.

Good Luck.
---
CFIC. Capital markets refer to the places where savings and investments are moved between suppliers of capital and those who are in need of capital.
Capital markets consist of the primary market, where new securities are issued and sold, and the secondary market, where already-issued securities are traded between investors.
The most common capital markets are the stock market and the bond markets.
Hence they base their courses on these principles and only a few in these industries will need your services. But it will get you to understand what it is that they do their at that location.

FH.

https://www.ifse.ca/courses/

--------------
Quote:
Originally posted by Reharnw

Hello guys,

I am new immigrant here. I am from Mumbai and i have 7+ years of experience in Front office banking.

I was into Relationship management, i want to know of any course which is good to get a job in Banking domain?

I have Heard of CIFC , IFIC .. little confusing. More over i want to understand your experience and then take an informed decision.


Thanks a lot!!





 
Post ID: 238669 19-05-19 16:06:22
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