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The CSC2 exam is the second part of the Canadian Securities Course (CSC®), offered by the Canadian Securities Institute (CSI). It focuses on advanced topics such as investment analysis, portfolio management, taxation, and financial planning.
The CSC2 exam is designed for individuals pursuing careers as investment advisors, securities dealers, or financial planners in Canada. It is also valuable for professionals seeking deeper knowledge in portfolio management and taxation.
The CSC2 covers:
Investment Analysis (18%): Fundamental and technical methods, financial ratios, equity/fixed-income valuation.
Portfolio Analysis (18%): Asset allocation, risk-return, diversification, performance measurement.
Mutual Funds & Managed Products (14-25%): ETFs, segregated funds, structures, fees, alternatives.
Financial Planning & Taxation (varies): Retirement (RRSP/TFSA), estate planning, tax concepts.
Client Workflows & Ethics (10%): Retail/institutional clients, suitability, professional standards.
The CSC2 exam consists of multiple-choice questions, typically around 100 questions, with a time limit of 2 hours. It is computer-based and administered by CSI-approved testing centers.
CSI CSC1 exam focuses on foundations of securities, macroeconomics, and markets, while CSC2 emphasizes practical applications such as portfolio management, taxation, and financial planning. Together, they provide a complete understanding of Canadian securities.
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Passing the CSC2 exam opens doors to careers such as financial advisor, investment consultant, portfolio manager, and securities trader. It is a recognized qualification in Canada’s financial services industry and enhances professional credibility.
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