Justification Letter
Student Name –
University – Humber College, Canada
Study Program – Graduate Certificate in Financial Planning
Study Tenure –
Date
Subject – Justification letter for Visa Application No. – ####
To
Visa Officer
Canada High Commission, Mumbai, India
Mam/Sir
I am writing this letter to address the concerns raised by your office about my earlier Study Permit Visa Application for Canada. I had submitted the application on dd/mm/yy.
I have been accepted at the Humber College, Canada for the one-year Graduate Certificate Program in Financial Planning with the study tenure spanning _ to __.
My last Visa application was not approved with a following response from the immigration office:
• The purpose of your visit to Canada is not consistent with a temporary stay given the details you have provided in your application.
I would like to re address your concerns and justify that the purpose of temporary stay in Canada is primarily to aggrandise my academia and thereafter; leverage the acquired knowledge bank for my professional career progression in India. The chosen program is perfectly aligned with my learning and vocational goals. The course is also relevant to my current educational accreditations and to the last five years of my professional experience working as a Financial Advisor with one the leading Investment Advisory firms in India, Kotak Securities Ltd.
Purpose of Visit
My request to approve my Temporary Stay Visa in Canada is purely with scholarly intent. The chosen program at Humber College, Graduate Certificate in Financial Planning, is in line with my education, work experience and professional aspirations.
Academic Suitability and Progression
My educational back ground is of Business Management and Finance. The disciplines of Financial Instruments and Applied Finance under the purview of Equity and Debt Analysis and Portfolio Management are my organic interests too; since formative years.
I completed my Senior Schooling in 2013 in Commerce stream from Bhavan’s College, Mumbai and in the same year, I readily joined the undergraduate program of Bachelors in Accounting and Finance (BAF) at Vidyalakar School of Information Technology, Mumbai University. While the younger me was eager to explore the research, pertaining to Equity Research Principles and Investment; while at campus, I consistently worked to absorb the applied scope of my undergraduate curriculum.
Not only did my performance as a scholar improved at college, I relished the learning process as I was able to concentrate my study efforts on my areas of interest such as Capital Markets, Bond and Debt as investment instruments and Debt Management. My performance was recognised at multiple inter collegiate Mathematics Conclaves and eventually by being rewarded the Certificate of Life Long Learning and Extension by Mumbai University.
Post completing my Bachelors in 2016, I joined National Institute of Securities Market (NISM) to complete one year of Post Graduate Certificate in Capital Market (PGCCM). It was a conscious decision to learn primarily about Equities & Derivatives and the fundamentals that govern their behaviour in primary and secondary markets.
In 2017, I started my Masters in Commerce education at the prestigious KPB Hinduja College, Mumbai University and chose Advanced Accounting as my academic majors. The next two years allowed me to develop a holistic understanding of both applied and corporate finance domains; both in terms of international and domestic economic systems. I researched and gain insightful knowledge about Currency as an economic tool and about Sovereign Debt and various legacy and neo modern economic models.
Apart from the university curricula, I have strived to develop a specialist knowhow as an Investment and Financial Advisor. I have often broken the perimeter of my classroom and learnt via diversified certifications and seminars. For your kind review, I am stating below, the prominent learning experiences achieved during my academic years and are directly connected to the domain of Financial Planning.
• NISM Series I: Currency Derivatives Certification Examination
• NISM Series VIII: Equity Derivatives Certification Examination
• NISM Series V A: Mutual Fund Distribution Certification Examination
• IRDA: Certification for Sales and Distribution of Life and General Insurance.
• Summer Training at Birla Sun Life Insurance (April 2014 – May 2014).
Professional Experience
Immediately after completing my undergraduate studies in 2017, I got a brilliant opportunity to with Kotak Securities Ltd, a SEBI listed, securities and financial advisory organisation with a Pan India presence and Assets Under Management of INR .
I worked here as an Assistant Manager from 2017-2019 and was then promoted to Deputy Manager (2019-2021). Since May 2021, the company management appraised my efforts and I was appointed as the Manager at the firm. During the last five years working at Kotak Securities, I have diligently worked to over achieve my professional key result areas (KRAs) and performed akin to a productive and a collaborative work force member.
I was awarded the Best KRA certificates for highest client acquisition for Kotak Securities for straight two years (2018 – 2020) and in 2019, I was also given the MD’s Award as a best Pan India performer of the company. Currently, I am managing large client portfolios of Premium Customer segment including HNI’s and Institutional investors, supervising the capital exposure and ensuring a robust ROI on the investments they have made through Kotak Securities.
The Graduate Certificate Program at Humber College, Canada offers a unique curriculum and study environment that will undoubtedly aid me to acquire better knowledge and functional skills in my career domain as an investment advisor and a financial planner in India. It is only after exhaustive research that I have decided to take a break from work and invest my time and resources in gaining forwardly knowledge at an esteemed educational institution.
Why study at Humber College, Canada
A course of this stature with international work experience is not available in India or at Australian Universities. In the USA too, collegial education choices that I came across were limited and most of above-mentioned learning outcomes were part of a Master’s program. As I have already completed my Masters in India, I decided that a custom learning module like the one offered at Humber’s College is most suited to my learning needs. I am also saving on time and money as the Graduate certificate Program in Financial Planning at Humber College entails only one year of study-tenure, offers a directive learning opportunity and the tuition fees is reasonable when compared to American and Australian Colleges.
The graduate certificate program in Financial Planning at Humber College is specifically designed for investment professionals to comprehend the diversified and fast changing landscape of capital investment. The curriculum is well curated and offers profound knowledge about the regulatory systems, audit protocols, investment analysis & planning along-side preparing the students with best practices of Client Management. It will give me an international perspective to Risk Management, Retirement and Financial Planning fundamentals. Being a Co-op program, I also look forward to gaining an on-ground experience in a developed economy of Canada, run data analysis on Canadian Capital Markets and effectively optimise my Client Relation Skills.
The brilliant exposure and the curriculum will certainly allow me to utilize my knowledge and skills for acquiring leadership slots with the reputed investment firms in India. My singular objective of studying in Canada is to upgrade my professional profile through international academic exposure. A learning accreditation from Canada will give significant impetus to my professional resume amongst Indian firms and also to the acceptance of my ideas in professional domain.
Future Goals
After completing my education and internship experience in Canada, I will be immediately returning to India. My professional ambition will be to join well known investment advisory firms like Kotak Securities, Religare Broking Ltd and Motilal Oswal Financial Securities as a Senior Consultant or to continue with my research analysis with Institutionalised Investment think tanks in India such as Quant Mutual and similar. The median salary for such positions in India is close to INR 30,00,000 per annum or CAD 50,000; allowing me to extract a healthy return on the investments I will be incurring on my foreign education.
In the long term, I want to develop excellent skills and reputation as an investment professional and eventually harness the retail investment trends in my home country. Recent Government data shows that the retail investor participation in the Indian Equity Markets is as low as 7% and the percentage of the total population that pays income tax is also dismal, when compared to other emerging markets. I am certain that with the paradigm shifts in consumer mindset and federal policies, these figures will improve drastically in the coming years. Therefore, I have a preserved ambition to start my Investment Advisory firm and establish an illustrious career as a well-respected Financial Advisor in India.
Financial Eligibility
My maternal uncle (Mr ) is the primary sponsor of my education. Through his support, I have already paid for the advance tuition fees of CAD _ at the Humber College and have opened a GIC account with (bank name) with an account balance of CAD 10,200. We have carefully evaluated the expenses involved with my education in Canada and they are well with in his means to comfortably sponsor me.
To validate his financial capability and willingness to sponsor my education at Humber College, Canada, I am attaching following documents with this letter for your kind perusal:
- Notarised Affidavit of the sponsor (MR_____) stating that he is able and willing to sponsor my foreign education.
- An Asset certificate of the sponsor, duly attested by a Chartered Accountant.
- Sponsor’s valid ID and relationship proof.
- Sponsor’s Bank Account Statement of last six months showing funds, duly attested by a bank officer.
- A copy of the advance tuition fees (CAD____) paid at the Humber College.
- Account Statement of GIC Card with a balance of CAD 10,200.
Reasons to come back to India
My honest intention of visiting Canada is to exploit the academic opportunity that has been offered to me by the Humber College. This a brilliant chance for me to upgrade my skills and hasten my professional progression in India. We are a well-established household in India and my mother although being a single parent has ensured to provide me and my brother with optimum educational and life resources. After completing my studies in Canada, I want to return to India and nurture her in her golden years with the same nobility as she has brought up both me and my elder brother.
Additionally, I have no doubts that as a learned financial advisor, I will have far better professional opportunities as a citizen in a country like India as compared to being an immigrant in Canada. The capital markets in India are the fastest growing secondary markets in the world and I strongly intend to exploit this opportunity for the good of my career and for providing my family a comfortable life by living and working in my home country.
Consideration
I am well aware of the guidelines that apply to the international students in Canada, as per the norms of the university and federal laws of your country. I am committed to abide by the rules and regulation of your country and under no circumstances, will I over stay in Canada more than for the purpose of the academic objectives, I have described in this letter.
I hope to have effectively addressed your concerns regarding the purpose of my visit to Canada and request for your favourable review of my visa application. Please accept my sincere thanks for your time given in evaluating this letter.
Best Regards
