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Hedge Fund Course in the Cayman Islands – Student Application

Student Application Deadline: November 17, 2017

Program Summary:

ENTREPRENEURSHIP AND INNOVATION are a major focus of the Nova Scotia Community College. As part of this work we are presenting the second year of this exciting program opportunity!

The 2018 NSCC Hedge Fund Course will provide an opportunity for students from the School of Business to travel to the Grand Cayman Islands in the Caribbean to participate in a one-week course in May 2018.  NSCC is offering this program in partnership with the University College of the Cayman Island (http://www.ucci.edu.ky/). The focus of the program will be to introduce participants to the theoretical and practical aspects of the hedge fund industry including accounting, administration and relevant regulatory policies and practices. This course will be offered jointly to student participants from both NSCC and UCCI. The theoretical modules will be facilitated by faculty members from both institutions.

Program Qualifications:

This course is open to second year students from the following programs in the School of Business:

  • Business Administration – Accounting Concentration
  • Business Administration – Financial Services Concentration
  • Business Administration – Finance Open Concentration

Employee Involvement:

Selected NSCC students will be mentored by two (2) NSCC employees (one senior and one junior) from the School of Business. The employees will provide support to the students during all phases of the program. The senior employee lead will accompany and mentor the students during the on-site phase of the program in the Cayman Islands.

About the Cayman Islands and the University College of the Cayman Islands

The Cayman Islands is a British Overseas Territory in the western Caribbean Sea. The 264-square-kilometre (102-square-mile) territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman located south of Cuba. The capital is George Town and the total population is approximately 60,000. The territory is a major offshore financial centre with strong presence of Canadian banks and other financial institutions.

The University College of the Cayman Islands (UCCI) is the only publicly funded post-secondary institution in the Cayman Islands. This institution has two campuses and offers and number of diploma, undergraduate and post-graduate programs. UCCI’s enrolment is just over 1,000 students.

Program Components:

  • Pre-departure phase will focus on research to be conducted from the beginning of the second term (January 2018) up until departure to the Cayman Islands. The purpose will be to prepare the students for the on-site phase of the course.
  • The on-site course in the Cayman Islands will provide the opportunity for the joint NSCC and UCCI group to participate in morning classes at the UCCI campus that will provide them with enhanced understanding of the hedge fund industry. In the afternoons participants, will visit local financial services institutions (administrators and accounting firms). They will also visit regulatory (CIMA) agencies where they will meet industry representatives as well as learn about relevant business practices and regulatory aspects.

Learning Outcomes:

  • To develop and refine the skills needed to prepare for and participate in an international learning experience including research, organization, risk management, teamwork, interpersonal communication and cultural competence and sensitivity.
  • To strengthen academic and portfolio profiles through enhanced understanding of hedge fund accounting, administration and other related topics.
  • To identify and reflect on the differences and similarities between Canada and the Cayman Islands and the Caribbean in general. 

Selection Criteria:

  • Must be a NSCC student with a valid passport (or have the ability to get one).
  • Must be a student enrolled in second year of one of the identified programs.
  • Applicants must be in good academic standing.

Application Requirements:

Online Application (see below)

Current Resume (uploaded to application form)

Students should complete their application on or before November 17, 2017.  Following interviews with shortlisted candidates, students will be notified in the first half of November if they are accepted to participate in this program.  Within two weeks of receiving approval, students are expected to submit a $500 deposit toward the program fees. The second instalment in the amount of $1,000 is due on January 5, 2018. The third instalment in the amount of $1,000 is due on February 16, 2018. The final instalment in the amount of $1,000 is due on March 30, 2018.  Also at the time of receiving notice of selection a learning contract will be distributed to be signed by students and faculty outlining roles and responsibilities. 

 Project Timeline (subject to change):

October 2017 Student Application (Call for Submission)
November 2017 Student Selection
December 2017 Student Learning Contracts finalized and signed
January 2018 Research and planning phase initiated
January 2018 Online Pre-Departure Course begins
April 2018 Pre-Departure Conference
May 2018 Hedge Fund Course in the Cayman Islands
June 2018 Editing and Follow-up Phase


  • Students accepted into this program must participate in the pre-departure online course and one-day pre-departure conference on April 6, 2018.
  • Students must follow the NSCC international travel policy

Wait List:

Those who are interviewed but not selected may have the opportunity to be placed on a wait-list until all deposits are received.

Program Cost:

The approximate costs associated with this program are outlined below. The exact costs will be confirmed by NSCC and UCCI and will depend on the Cayman Dollar exchange rate. The following costs will be included in your Program Fee payable to Nova Scotia Community College.

Program Fee

Airfare (estimated) $1,500
Travel & Health Insurance $100
In-country Accommodation (shared room in a local hotel)  $800
Local Transportation $300
TOTAL (payable to Nova Scotia Community College) $2,700

Additional Individual Costs (may vary depending on individual):

Passport and Passport Photo $100
Immunizations and Prescriptions $100
Meals ($50/day x 7) and Incidentals ($10/day x 7 days) $420
TOTAL (payable to Nova Scotia Community College) $620

Participants are responsible for the costs of their passport & passport photos ($100), immunizations and prescriptions ($100), meals and any additional expenses not outlined in the Program Fee.

Student Bursary

Students will have the opportunity to apply for a bursary of up to $500 from NSCC International (made possible through external funding) to participate in the program. Application details will be sent to those selected to participate in the program.


Students who withdraw from this program after they have confirmed their participation will forfeit their deposit.

APPLY NOW! Application Form (click to access application form)

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Have questions? Contact Zoran Kondali: zoran.kondali@nscc.ca

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