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Branch Managers’ Examination Course (BME)

The Branch Managers’ Examination (BME) Course is the IFSE proficiency course for those who
aspire to become a Branch Manager or an Alternate Branch Manager for a member dealer under the Mutual Fund Dealers Association of Canada (MFDA). Recognized under MFDA Rule 2.5.5, the BME course covers the role and responsibilities of Branch Managers for branch supervision, including the supervision of Dealing Representatives. Proficiency under the BME course is applicable to MFDA member dealers in all provinces, except Québec.

Tools and Pricing

Standard Course Price $410
IFIC Members Course Price $310
Printed Textbook $70

Click here!Don’t know if your firm is a member of IFIC?

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Course Information

Delivery Online
Language English
Suggested study time 30 to 60 hours
Enrolment period 1 year
Unit Quizzes 5 questions per unit

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  • Those seeking to become a Branch Manager or Alternate Branch Manager for an MFDA member dealer (except Québec)
  • Those seeking to become a Branch Manager or Alternate Branch Manager for non-MFDA dealers who have designated
    the IFSE BME Course under their firm’s proficiency requirements
  • Anyone interested in learning about the duties and responsibilities of a Branch Manager

Click here!Read case study

Format PEARSON VUE Computer-based test centre proctored exam
PEARSON VUE Computer-based online proctored exam
Time permitted 90 minutes
Question format 50 Questions, Multiple choice
Passing grade 60%
Attempts allowed 3

Note: Your first online remote proctored exam attempt (exceptions may apply) is included in the price of the course enrolment. Additional fees apply for subsequent exam attempts and other exam delivery formats.

Click here! CE Credit Matrix

Unit Weighting
The Role of the Branch Manager 10%
Branch Supervision 8%
Know Your Client, Know Your Product, and Suitability 20%
Other Legislation and Regulatory Requirements 6%
New Accounts and Trade Reviews 24%
Other Branch Supervision Activities 14%
Business Conduct Supervision 18%


How do I register for a course?

Follow these instructions.

  1. Choose the LOGIN/REGISTER box.
  2. For returning students, login using your username and password. Choose “Enrol in a Course” in the menu bar.
    For new students choose "Become a Student" and supply all mandatory information in the following screens.
  3. If you have a contract code and password, enter it where required and click "Yes". If you do not have a contract code, click "No".
  4. Choose the course you want to enrol in. Click “Next”.
  5. If optional products are available for purchase, they will appear for you to choose. Click “Next”.
  6. Complete your profile information as indicated on the screen. Take care in completing your mailing and shipping address to ensure that any materials that you have ordered will be delivered promptly and correctly. Click the "Save" button to proceed to the shopping cart.
  7. Verify your shopping cart information and click on "Process Payment".
  8. Review the Terms and Conditions completely. To accept the Terms and Conditions, check the box and click "Yes". If you do not want to accept the Terms and Conditions, click "No". Your course enrolment will be cancelled.
  9. Provide your credit card information and click on "Pay Now". Please do not touch the screen until your payment has been processed. A copy of the receipt will appear and can be printed for your records. The receipt will also be stored in your student record for future reference.
How do I get my exam results?

Exam results for Computer-based Test Centre Proctored and Computer-based Online Proctored exams are available online within 2 business days following the exam if you have no outstanding fees.

Exam results for Online Unproctored exams are available immediately upon submission.

Exam results for Paper-based Proctored exams are available online within 3 to 5 business days if you have no outstanding fees.

When your grade has been released, you can access your exam results by logging into your IFSE account. Once you have logged in:

  • Choose “My IFSE”
  • Choose “Courses”
  • Choose “Show me my Marks for this Course” (this link only appears when your results are available).
What are printed text materials or textbooks?

Printed text materials or textbooks are hardcopy versions of the online course material. They are optional to purchase and take between five to seven business days to be delivered. They do not include any interactive components (i.e., exercises, quizzes, case study and practice exam) from the online course. Instead, you are instructed to go online to complete those elements. This product is not refundable.

Other Relevant Courses

You may be interested in these other IFSE courses.

Canadian Investment Funds Course (CIFC)Life License Qualification Program (LLQP)Exchange-Traded Funds CourseOfficers’, Partners’, and Directors’ Course (OPD)

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