Study Financial Technology in Canada – Eligibility, Fees & Process

Financial technology or Fintech, is an innovation that focuses on the application of technology to automate financial processes and make the delivery of financial services faster and more efficient. This methodology is new to the financial services industry, and more businesses are adapting to changes to create a financially sound structure. With this excellent scope for financial technology, pursuing fintech courses in Canada is a wise decision to make. Read on to find out the application process, eligibility criteria, and everything you need to know about studying fintech courses in Canada.

Canada the Best Study Destinations for Indian Students

Canada is one of the most sought-after destinations by students and job seekers from all over the world. With a high standard of living, world-renowned universities and colleges, advanced healthcare facilities, affordable cost of living, and a highly developed job market, Canada serves as a popular destination for Indian students to pursue their higher education. Canada attracts people from different countries, making it a culture-rich hub with varied demographics, allowing you to meet people of different backgrounds and ethnicity. The music, art, food, and beautiful landscapes make this country the perfect destination for higher education. Now let’s look into some of the top universities and colleges in Canada that provide diplomas and degrees in the field of financial technology.

Top Universities for Fintech Courses in Canada

The following are some of the top colleges and universities that provide fintech courses in Canada with specializations in different fields:

Smith School of Business – Ontario

The Smith School of Business is one of the best business schools in the world. According to The Financial Times, the full-time MBA program offered by Smith School of Business ranks No.1 in Canada for career services. The Smith School of Business offers a 14-month Master of Financial Innovation and Technology course. The MFIT program is well adapted to the latest trends in financial markets and trains students with the required skills. This new programme has evening classes on weekdays to help you work while studying. The school provides education in different modes, including online learning. The course is designed for students to learn the best practices in digital strategy, know-how digital shifts such as digital currencies (cryptocurrencies) can act as technology solutions and create new products and technologies that satisfy stakeholders. It also instructs students in digital capital markets to learn the trading of algorithms and how Machine Learning, Data Science, and Big Data are used. Key areas of data privacy such as cyber security and knowing how the hashing process in distributed ledger technologies works form fundamental parts of this course. In the financial part, students learn about corporate finance and financial learning. The total tuition fee for international students is $78,155. The school offers financial aid to selected students through student loans and scholarships such as Vector Institute Scholarships, Dean’s Entrance Scholarships, and scholarships for Black and indigenous students.

Conestoga College – Ontario

The Conestoga College offers a 1-year degree in Finance Technology. This Ontario College Graduate Certificate program uses case studies, projects, and interactive learning methods to help students better understand the concepts. It also uses relevant resources to expand students’ knowledge of the latest market trends in financial technology. Some of the key topics covered in this course include emerging market trends, entrepreneurship, project management, and Artificial Intelligence. The course has fall and spring entries each year, and the tuition fee is around $8719 per year for international students.  The college offers scholarships and bursaries to students who match the eligibility criteria.

Seneca College – Toronto

Seneca College offers an 8-month (2 semesters) course in Financial Technology. The course begins in January and September of each year. Industry experts and faculties provide students of this programme with the best practices in product development, and entrepreneurship and cover topics such as cybersecurity and data analytics. The tuition fee is around $15,133 each year, with another additional fee of $3,700 for books and supplies.

Rotman School Of Management – Toronto

The Rotman School of Management, under the University of Toronto, offers a 20-month intensive master’s degree in finance. This course covers all aspects of finance, including corporate finance, risk management, and fintech disruptions. Three alumni of this course have made it up to Canada’s Top 50 Women in Fintech for 2019. The program begins in September each year. The first 16 months of the programme are dedicated to coursework, and the next 4 months are assigned for a capstone project. The tuition fee is around $89,480 for international students.

Sault College

Sault College offers a certificate course in Financial Technology. This course is designed for individuals whose previous education is in finance, business, information technology, or cybersecurity. The programme covers topics such as Big Data, Blockchain technology, Artificial Intelligence, data analytics, etc. The tuition fee ranges between $14,838 and $17,907 for 2 semesters, along with an additional compulsory ancillary fee of around $500.

Centennial College – Toronto

The Centennial College provides many short courses on various aspects of fintech delivered through different modes such as on-campus, online, and distance learning. Some of these courses include the following:

• Introduction to Financial Technology
• Big Data and AI in Finance and Business

It is a 4-month distance learning course that focuses on the major themes of financial technology. The tuition fee is $419, and the course entry is in January and May each year. It is a 4-month course that expands on the Introduction to Fintech course and focuses on using Big Data, data analysis, and AI for financial services and banking industries. The tuition fee for the distance education method is $419, and the course happens two times a year: January to April and May to August. Other fintech distance learning courses offered by the college include:

• Innovative Financial Systems
• Financial Services
• Financial Planning
• Blockchain – Origins and Applications

Eligibility Requirements for Fintech courses in Canada

The following are the eligibility criteria for pursuing fintech courses in Canada: An Ontario College Diploma or any equivalent diploma or degree from a recognised university or college majoring in computer technology, finance or any other related fields.

English Language Requirements for International Students

Students from institutions where the language of instruction is not English have to show proof of their efficiency in English through any of the following language proficiency tests:

• TOEFL (Internet-based Test) Score: Minimum of 88
• IELTS Score: Minimum of 6.5
• CAEL Score: Minimum of 70
• Pearson Test of English Score: Minimum of 58

LeapScholar has blog posts dedicated to each section of IELTS. Make sure to check them out to score better on the test.

Admission Process for Fintech Courses in Canada

The following is the step-by-step process for applying to fintech courses in Canada:

• Visit the website of your desired college or university and choose the program you desire to pursue.
• Fill in the application form for the program, making sure that you follow the instructions correctly and have provided all the required details.
• Upload or email the required documents and transcripts showing proof of previous education along with the application.
• Applicants who have work experience related to the field can show proof of their experience with a resume and reference.
• Once all the information is filled in and the required documents are submitted, submit the application form and pay the application fee.
• The application will be reviewed by the members of the university to see if you meet their eligibility criteria standards.
• If you meet their criteria, an email will be sent to you with the conditional offer.
• Pay the tuition fee and confirm your acceptance to the programme.
• If you want to apply for scholarships to study fintech courses in Canada,  read this article on the different scholarships available for Indian students.
• Once the payment is made, you can apply for a student visa using your acceptance letter.

Conclusion

Pursuing fintech courses in Canada is a wise step in accelerating your career plans. The flexibility of the courses offered helps you work and earn money while learning how to automate and deliver financial processes for businesses, making it one of the best financial courses all over the world. Apply for a course in financial technology in Canada now and advance your career to the next level. Contact us for further guidance.