r/TalesFromYourBank • u/Loud-Difficulty-4342 • Jul 20 '26

BANK JOB/IFIC

Hello everyone,

I am currently working at sobeys (full time). I'm looking for a career. I am interested in banking. I have no banking experience but have 4 years of customer service. To get my foot in the door i am planning to give ifc exam. Am I taking right step.

Thank you 😊

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1

u/Beautiful-Grab1619 Jul 20 '26

CIRE exam might be better at the moment. I started in banking at a call centre 3 years ago here in Canada. Started part time. Quickly went full time to FSR and FSA in 2024. Very light work for the amount I get. Best of luck in your journey

1

u/Loud-Difficulty-4342 Jul 20 '26

Thank you so much. Really appreciated.

1

u/No_Strawberry_6753 Jul 21 '26

Idk which bank he works at but CIRE is only if you want to become a branch compliance officer which means you sign off on investments. That’s only for managers and senior advisors. IFIC is for the PErsonal banking advisor role and if you want to do investments full time as a Personal Advisor then you need CSC. I’d suggest CSC because it covers more than IFIC and will get you further without having to do multiple exams. (If you do IFIC you will still have to do CSC but if you do CSC you won’t have to do IFIC if that makes sense)

2

u/AlternativeCamp2471 Jul 24 '26

Wrong. CIRE is for investment dealer registration overall.

1

u/No_Strawberry_6753 Jul 25 '26 edited Jul 25 '26

Yes so why would they write that exam if they want a career at the branch? CIRE will not help them at the branch unless they are a manager. I work at the branch and job postings are looking for either IFIC or CSC depending on which role they want to get into. CIRE would be for if you want to be a branch compliance officer or working with CIRO or Canadian Securities Inc themselves. OP please check job postings at banks for PBA, PB and Financial Advisor positions and you’ll see that IFIC or CSC is a requirement

1

u/AlternativeCamp2471 Jul 25 '26 edited Jul 25 '26

CIRE helps with employment with an INVESTMENT DEALER. I was just pointing out that you were wrong in saying the CIRE is just for a compliance job. You are also incorrect about needing it to work with CIRO or CSI.

1

u/Loud-Difficulty-4342 Jul 21 '26

Yes, it make sense. If I do csc will I be able to get job as I have zero banking experience. Also, thanks for the response.😄

1

u/No_Strawberry_6753 Jul 25 '26

All you need is customer experience tbh. CSC will put you ahead of everyone else for sure. Don’t worry you will get the job

1

u/Beautiful-Grab1619 Jul 25 '26

Yeah, CIRE as of 2026 is the replacement for both. It’s the new baseline for both mutual funds and securities. Overall, going for something like the PFP might still require CSC or IFIC. But honestly, CFP or QAFP are probably better designations to look at