what is the canadian securities course

Key Takeaways

• The Canadian Securities Course is an exam conducted by the Canadian Securities Institute (CSI) for individuals interested in trading securities or providing investment advice.
• It consists of two multiple-choice exams that must be completed within one year of registration. Exam takers must score 60% or above in order to pass the exam.

Full Answer

What is the Canadian Securities Course (CSC)?

The Canadian Securities Course (CSC) is the first requirement for becoming a registered investment representative in Canada, which applies to some corporate finance careers . Passing the CSC requires writing two exams (part 1 and part 2) that must be completed within 365 days of registering for the course.

What is the Canadian Securities Course (TM)?

The Canadian Securities Course (TM) offered by the Canadian Securities Institute (CSI) is the official educator of the securities industry. The course is designed to enhance students' understanding of the CSC material. This course reviews the investments market in Canada and identifies the roles and responsibilities of the key financial industries.

How long does it take to pass the Canadian Securities Course?

Passing the CSC requires writing two exams (part 1 and part 2) that must be completed within 365 days of registering for the course. It’s recommended that students allocate 150 to 200 hours of studying for the Canadian Securities Course.

What is the CSC™?

Completion of the Canadian Securities Course™ (CSC™) is also one of the first required steps in pursuing a career that involves trading securities and providing investment advice to clients.

What is Canadian Securities Course used for?

The Canadian Securities Institute TM (CSI) is the official educator for the CSC ® exams. The CSC opens doors to careers in brokerages, mutual fund companies, banks, financial planning firms, wealth management companies and other promising areas in the financial services industry.

Is the Canadian Securities Course worth it?

The course will be particularly beneficial to those looking to get a leg up in the competitive job market, individuals new to Canada, those looking for a foundation in their financial services career and people interested in learning something new.

How long does it take to complete Canadian Securities Course?

On the CSI website, you'll see that it estimates that it will take you between 135-200 hours of study time depending on your background and level of comprehension. That is definitely accurate.

Is the Canadian Securities Course exam hard?

The securities exams have a pass rate of 60 per cent, but those keen to take the course are not in for easy reading. “It is a bit of a slog,” Efron said. “It's a lot of material.

How many people pass CSC?

The CSC pass rate is about 60%, and it opens doors to a career in finance.

What is the pass rate for CSC exam?

60%Cost: Varies. Number of Questions: 100 questions per exam. Passing Score: 60% per exam. Format: Multiple choice.

What can you do with a CSC certification?

Retail Banking.Financial Planning & Insurance.Investment Management & Trading.Wealth Management & Private Banking.Business Banking.Leadership, Management & Compliance.

How many times can you take the CSC exam?

Taking the Career Service Examination, professional and subprofessional, via PPT or CAT shall be once in three (3) months and up to four (4) times only; 2.

How long do I need to study for CSC?

150 to 200 hoursPassing the CSC requires writing two exams (part 1 and part 2) that must be completed within 365 days of registering for the course. It's recommended that students allocate 150 to 200 hours of studying for the Canadian Securities Course.

How can I prepare for CSC exam?

Come to the exam well prepared: Arrive early to avoid last-minute jitters. Make sure that you have all the materials required, such as pens, pencils, and calculator(s). Use the washroom before the exam. Allocate exam time wisely: We suggest that you bring a watch and leave it on the desk where it can be easily seen.

Who can take CSC exam?

Is at least 18 years old. Has no criminal record. Has no dismissal record from military or government service. Has not taken the same-level exam within the last three months before the exam date.

Is SeeWhy learning worth it?

SeeWhy learning was amazing. I couldn't have done it without them as their online courses provided study tools that led to my success. This small monetary investment in their program resulted in a huge investment in my future, and alleviated a lot of stress while preparing.

What can I do after CSC?

The CSC designation may be enough for some individuals in terms of their career paths, for others, it's what they need to proceed to next step in obtaining the career they want such as a Certified Financial Planner (CFP) or Certified Financial Analyst (CFA).

What is the difference between IFIC and CSC?

Differences Between CIFC and CSC The CSC is designed for those looking to become a full-service investment advisor whereas the CIFC is for those who want to be able to provide advice on mutual funds. Exam formats also differ.

Is the Canadian Securities Course tax deductible?

Generally, a course taken in 2021 at an institution in Canada will qualify for a tuition tax credit if it was either: taken at a post-secondary education institution.

Who is qualified for CSC exam?

All applicants must be Filipino citizens; at least 18 years old on the date of filing of application; of good moral character; have not been convicted by final judgment of an offense or crime involving moral turpitude, or disgraceful or immoral conduct, dishonesty, examination irregularity, drunkenness, or addiction to ...

What is the Canadian Securities Course (CSC™)?

The Canadian Securities Course (CSC™) is an entry-level education program offered by the Canadian Securities Institute (CSI). Successful completion of the program and exam permit an individual to work in the Canadian securities industry as a registered securities representative for a securities broker. The CSC can also be used to satisfy the educational requirements needed to sell and trade mutual funds, exchange-traded funds (ETFs), stocks, and fixed income assets. 1 

How long does it take to get into CSC?

The Canadian Securities Course is often the first step for many individuals in Canada looking to pursue a career that involves trading securities and providing investment advice. The CSC involves two exams, typically referred to as Exam 1 and Exam 2. Each exam includes 100 multiple-choice questions to be completed within two hours. By estimates, the exam requires 150-200 hours of prep time. Registrants must complete the exam within one year of registration. 2 

How many courses does CSI offer?

The CSI continues to evolve by offering an increasing number of comprehensive services that help financial professionals advance in their chosen field; to date, it offers nearly 300 different courses. The reach of the organization extends beyond Canada; it is known for developing educational content for securities industries in emerging financial markets, such as those in China, Europe, the Middle East, the Caribbean, and Central America.

What is CSI Global Solutions?

3  The non-profit CSI transitioned to a for-profit enterprise, known as CSI Global Solutions, in 2003. In 2010, the Moody’s Corporation acquired the CSI for C$155 million.

What is the exam 2?

Exam 2 includes questions pertaining to fundamental and technical analysis, company analysis, introduction to the portfolio approach, portfolio management, mutual funds, segregated and hedge funds, managed and structured products, Canadian taxation, and working with institutional and retail clients. 2 

Where is the CSI located?

Headquarters for the CSI are in Toronto and Montreal. 5  6 . The CSI continues to evolve by offering an increasing number of comprehensive services that help financial professionals advance in their chosen field; to date, it offers nearly 300 different courses.

Who is James Chen?

Canadian Securities Course (CSC™) James Chen, CMT, is the former director of investing and trading content at Investopedia. He is an expert trader, investment adviser, and global market strategist.

What is CSI in banking?

Canadian Securities Institute or CSI offers licensing courses, certifications, continuing education and training for financial services professionals, helping you meet the regulatory requirements to work in the Canadian financial services industry.

What is a CSC?

What is the CSC Credential? Canadian Securities Course or CSC is the foundational financial services credential you need if you want to perform securities, mutual fund and alternative funds transactions. A CSC credential helps you make sense of the complex financial world and enables you to stand out in today’s competitive landscape. ...

How long is the Canadian Securities Course valid?

The validity for the Canadian Securities Course is three years if you’ve never been approved with an IIROC member firm. If you have terminated your membership with an IIROC member firm, your licensing course is valid for three years from that date, provided you were registered in a category that required the course.

What is a CSC credential?

A CSC credential helps you make sense of the complex financial world and enables you to stand out in today’s competitive landscape. An industry benchmark, the CSC credential gives you the knowledge to become a confident advisor and build a solid foundation for your career.

How long is the CSC exam?

The CSC is split into two exams: Volume 1 and Volume 2. Each exam is two-hours long and consists of 100 multiple-choice questions with no negative marking for a wrong answer. The passing grade is 60%, and you’re allowed a maximum of three attempts per exam. You must complete the exam within one year of registration.

How to become a securities broker in Canada?

Do you want to work in the Canadian Securities Industry? Do you wish to sell financial products in Canada, such as mutual funds, insurance, securities or stocks? To become licensed , you’re required to meet educational, employment and work experience criteria . You will need to complete the Canadian Securities Course (CSC)as part of the requirement.

Who should enroll in CSC?

Who should enroll in the CSC? CSC is for you if you seek a career in the financial services industry or are already employed in the industry. With a CSC credential, you will be able to expand the services you offer to your clients as a finance professional and gain a broader understanding of the capital markets.

What is CSI in financial services?

Technically speaking, passing the Canadian Securities Course exams through the Canadian Securities Institute (CSI) is the base-level requirement to conduct transactions in securities and mutual funds, and is the first step towards licensing for stocks and bonds. It’s the ideal starting point for anyone in financial services, those wanting to become registered brokers, investment representatives or financial planners as well as those working in administrative roles in financial services and active personal investors taking care of their investments.

How long is the Canadian Securities Course?

The course will prepare you for the two paper or computer-based Canadian Securities Course exams. The exams are two hours long and carry 100 multiple choice questions each. Upon completing the exams (60% or higher is passing), students can apply for their mutual fund licensing.

Why do people take CSC?

The course will be particularly beneficial to those looking to get a leg up in the competitive job market, individuals new to Canada, those looking for a foundation in their financial services career and people interested in learning something new.

What is Seneca College?

Seneca College offers the Securities Instructional course to enhance your understanding and help you successfully complete the Canadian Securities Course (TM). The Canadian Securities Course (TM) offered by the Canadian Securities Institute (CSI) is the official educator of the securities industry. The course is designed to enhance students' understanding of the CSC material. This course reviews the investments market in Canada and identifies the roles and responsibilities of the key financial industries. Topical issues will include the nature of assets, client need assessment, various investments available to clients, investment strategies and tactics, portfolio evaluation, and the analysis of a publicly-traded company financial statement.

What is CSS110?

Seneca College offers the Canadian Securities Course (CSC) Accelerated ( CSS110) to enhance your understanding and help you successfully complete the Canadian Securities Course (CSC ® ). The Canadian Securities Institute TM (CSI) is the official educator for the CSC ® exams. The CSC opens doors to careers in brokerages, mutual fund companies, banks, financial planning firms, wealth management companies and other promising areas in the financial services industry. CSC graduates are eligible for mutual funds licensing and the successful completion of the course is the first step towards full licensing for trading stocks and bonds.

What are the different types of part time studies?

Part-time Studies courses are being offered in either of the following four formats: Online, Flexible, In-person, Hybrid . Click Availability below to see current offerings.

What is the role of the international financial services community in the Canadian government?

The Canadian government has put legislative mechanisms in place and established a financial intelligence unit, FINTRAC, to monitor compliance. This course will teach students about Anti-Money Laundering management programs that are in conformance with Canadian and international regulatory requirements.

How many exams are required for a symlink?

2 exam sittings within 1 year of registration .

What grade do you need to be to be a math major?

Completion of Grade 12 Mathematics and English recommended.

Who is invited to attend an information session?

Students are invited to attend an information session.

Why Would I Take the CSC if I’m Not in the Financial Services Industry?

If you’re asking yourself, “Why does this guy want to burn another $1,000 on the altar of more letters behind his name?” then you certainly wouldn’t be the only one. Beyond giving our blogs a little bit of a credibility – something I thought publishing a book with a beer on the cover might do – the CSC might be a nice feather in my cap going forward for a few reasons.

How many hours does CSC take?

The CSC encompasses some 150 hours of learning providing a comprehensive understanding of the structure and players in the financial services industry, the features, benefits and risks of a vast array of investment products, the two main approaches to analyzing investment securities and techniques and approaches to understanding client needs and setting financial goals. In addition to all that, the CSC will help you to understand industry jargon (top-down and bottom-up analysis) astounding your friends and family.

How many outcomes are there in taking a course?

Actually, now that I think about it, there are really only two outcomes of taking the course – both positive.

Is it bad to be smarter?

First and foremost, it’s never a bad thing to get smarter – especially when you’re writing a blog where you purport to try and help other people. The course might be a cool way to come up with some post ideas I hadn’t thought of before.

Is it against the law to answer an email and say "I think this specific security is right for your portfolio"?

In other words (and again, this is only from what I could grasp online today – they don’t make it easy to understand btw!) as of right now it is actually against the law for me to answer an email and say, “I think this specific security is right for your portfolio.”

What Career Paths Require The Canadian Securities Course (CSC)?

• The Canadian Securities Course is actually not a requirement for most jobs in corporate finance. The main careers that require it are those of portfolio managers and sales & tradingprofessionals. The majority of job paths on our Career Mapdon’t require registration with the CSC, as they don’t involve the direct buying or selling of securities. You ...

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Additional Resources

What Is The Canadian Securities Course (Csc™)?

See more on investopedia.com

Understanding The Canadian Securities Course

The Canadian Securities Course Under The Canadian Securities Institute

The CSC™ Exam