bay street 101 preparation session march 12, 2013

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