Program Overview
As the Canadian business landscape rapidly evolves, tomorrow’s leaders must prepare to be champions of innovation, diversity and change. The Microprogram Capital Markets is a premier finance program for purpose-driven commerce students in Canada, providing the skills and experience to meet these demands.
The microprogram is structured as a two-year program in finance that provides Telfer commerce students with the opportunity to learn, develop and apply skills to prepare for careers in capital markets and contribute to a better Canada. It runs during the last two years of the Telfer Bachelor of Commerce program, and is comprised of academic courses, mentorship, workshops, networking with industry professionals and the opportunity to help manage the Telfer Capital Fund (TCF) investment portfolio.
Before You Apply
Exploratory Internships
Eligibility:
- Current enrolment at Telfer in first or second year
- Availability every Wednesday from 7 p.m. to 10 p.m. for the winter term
Program Structure
Third-year students
Role: Analyst
Experiential Learning Activities:
- Summer onboarding process
- Weekly Telfer Capital Fund (TCF) management meetings (Wednesdays, 7:00–10:00 p.m. from September to March)
- Mentorship from senior students
- Trip to a financial centre (e.g., Toronto) during fall reading week
- Presentations and workshops with industry professionals
- Summer internship in capital markets
- Ongoing monitoring of the Fund during the summer
Mandatory Courses:
- ADM 3352 | 3752 - Portfolio Management (3 units),
- ADM 3354 | 3754 - Finance Modelling (3 units),
- ADM 3357 | 3757 - Applied Investment Fund Management Module I (3 units – fall term),
Recommended Courses:
- ADM 3350 | 3750 - Corporate Finance
Fourth-year students
Role: Senior Analyst, Portfolio Manager, or Portfolio Manager Leader
Experiential Learning Activities:
- Weekly Telfer Capital Fund (TCF) management meetings (Wednesdays, 7:00–10:00 p.m. from September to March)
- Presentations and workshops with industry professionals
- Formal mentorship from industry professionals
- Progressive leadership roles and responsibilities within the Fund
- Ongoing monitoring of the Fund during the summer
Mandatory Courses:
- ADM 4357 | 4757 - Applied Investment Fund Management Module II (3 units – fall term)
Recommended Courses:
- ADM 4350 | 4750 - Equity Valuation
- ADM 4355 | 4755 - Finance, Ethics and Social Responsibility
- ADM 3355 | 3755 - Fintech
- ADM 4356 | 4756 - Alternative Investment and Risk Management
Program Graduation Requirements
- Completion of the Microprogram Capital Markets four required courses, with a minimum combined average of B+ in Applied Investment Fund Management Module I and II.
- ADM 3352 | 3752 - Portfolio Management (3 units),
- ADM 3354 | 3754 - Finance Modelling (3 units),
- ADM 3357 | 3757 - Applied Investment Fund Management Module I (3 units)
- ADM 4357 | 4757 - Applied Investment Fund Management Module II (3 units)
- Presence and active engagement in all mandatory experiential learning activities
- Completion of one internship in capital markets
- Completion of mentorship with an industry executive
- Adherence to the Microprogram Capital Markets Code of Conduct and Expectations, as well as the CFA Code of Ethics and Standards of Professional Conduct
Upon graduation, you’re recognized as a Microprogram Capital Markets fellow in addition to having the microprogram appear on your transcript.

