Students studying finance in China often care about their career development after graduation if they want to study in Quebec, Canada. So, how is the situation for finance majors in Canada? Experts from the Quebec Study Abroad Network provide an in-depth analysis: The financial services industry is one of the important pillars of Quebec's economy in Canada. The entire industry includes seven types of financial companies: banks, trust companies, credit unions, life insurance companies, property insurance companies, securities companies, and investment agencies. In Quebec, Canada, the financial industry directly employs 550,000 workers and pays weekly wages totaling 420 million Canadian dollars (source: Canadian Ministry of Finance). Finance is a capital-intensive industry; generally speaking, any random bank or securities company has capital reserves of over 10 billion.
The financial industry currently lacks risk management talent and financial engineering talent. They need both financial and accounting knowledge as well as the ability to write financial calculation programs (Financial Modeling). They also need to be familiar with financial products and the risks associated with these products. It is recommended that students with science, engineering, mathematics, and statistics backgrounds pursue financial industry certificates or apply for postgraduate studies in finance after university to expand their job market opportunities.
The operation of the entire financial system relies heavily on fast and effective electronic information systems, making electronic information systems crucial to the financial industry. Many large financial companies have their own information systems management teams, while others outsource to professional financial information service companies like CGI. Therefore, the financial industry is also a major indirect employer of IT professionals.
For free consultation on studying in Quebec, please contact: 4006 170 158 QQ: 382596431 Canadian Quebec Study Abroad QQ Exchange Group: 184207130 Related thematic articles: [Experience Sharing] Application Insights for Architecture Majors Studying in Quebec, Two Major Benefits of Studying in Quebec - Visa and Immigration, and How French Majors Can Easily Obtain a 100,000 RMB Scholarship for Studying in Quebec.