There are different career paths to pursue in Calgary to ensure that you don’t depend on the oil economy exclusively and find gainful employment. Reports show that the job market has cooled down in 2015, and there are fewer job openings. It is important that students choose the right program of study to improve their chances of finding well-paid employment.
Sectors, Job Creation, and Developments
Calgary takes pride in having a skilled labor force, good access to capital, and well-developed infrastructure. There are hundreds of large and small businesses in the area, with companies specializing in areas such as taxes, industrial land, research and development, and others. Substantial investments are also made in advanced and innovative technologies. Manufacturing is well-developed in Calgary and includes sectors such as furniture, electronic products and computers, machinery, fabricated metal products, primary metal manufacturing, and wood products and food manufacturing. Other developed sectors include business and finance, technology, logistics and transportation, and others. The technology sector is fast-growing, with a significant number of start-ups compared to the rest of Canada. The business and finance sectors are also well-developed, and thousands of jobs have been created during the last decade.
Choosing from Different Programs and Financing Options
Students can choose from a selection of programs, depending on the sector you’d like the most. You can opt for an economics or finance major, engineering program, IT, or another program of choice. When it comes to financing your college education, this can be expensive. If your parents have enough cash in their savings account, this is the least expensive way to pay your college expenses. Other options include student loans and credit cards offered by major banks, online providers, small and regional banks, credit unions, and other issuers. There are two types of loans to apply for, secured and unsecured, along with government-sponsored financing. There are many benefits to applying for a government-sponsored loan, one being that repayment begins after graduation. The rates are also better than those offered by private providers, and there are various debt forgiveness programs to look into if you are unable to meet your payments. Another option is to apply for a credit card that is marketed to students and comes with added benefits such as a promotional rate or intro period, low interest rate, and exclusive discounts. Major issuers such as Scotiabank and RBC offer student credit cards for you to meet daily, emergency, and student-related expenses. Some banks even offer student cards that earn cash rewards and come with perks such as free movies and music, Visa checkout, attractive discounts on car rentals, and attractive rates on cash advances and balance transfers. The credit limit depends on the card and can be as low as $500, which is actually a good thing, given that many students are new to credit and tend to overspend. A low credit limit helps avoid major financial blunders and excessive debt. Cards that go with no annual fee help borrowers save on charges. Besides loans and cards, there are other ways to finance your education, including scholarships, grants, and a part-time job, among others. You can try and find a part-time job on campus (in the library, cafeteria, campus store, etc.)
If you need a small, one-time loan, you can ask your parents or a close relative for help. A final option is to apply for a personal loan together with one of your parents as a cosigner, provided that they have a spotless payment history.
Top Student Credit Cards for Young Canadians: https://www.lifeoncredit.ca/top-5-student-credit-cards-for-young-canadians/
Top Credit Cards for Bad Credit in Canada: https://www.lifeoncredit.ca/top-6-credit-cards-for-bad-credit-in-canada/
Calgary Economic Development: http://www.calgaryeconomicdevelopment.com/industries/manufacturing