Canada Life / University of Winnipeg Scholarship and Work Placement Program

Permanent Full Time 

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Eligible Programs of Study

• Bachelor of Business Administration
• Bachelor of Arts in Economics
• Bachelor of Arts in Economics and Finance

Eligibility Criteria

• Must be a currently enrolled and full-time student at the University of Winnipeg

• Must be eligible to work in Canada
• Must have completed at least 60 credit hours from the University of Winnipeg by end of Winter term in current calendar year
• Must have a declared major in either Business and Administration, Economics or Economics and Finance
• Be committed to participating in a paid four-month work summer work placement with Canada Life 

Scholarship Opportunity

• Student with 60-87 Credit Hours:
  • Eligible students may recieve: 
    • $2,500 Tuition Scholarship 
    • $1,000 towards Educational Expense 
    • Opportunity for one additional year of renewal, subject to meeting renewal criteria.

• Students with 90+ Credit Hours and expected to graduate in Spring the following calendar year
  • Eligible students may recieve: 
    • Full Tuition Scholarship (up to $5,000)
    • $1,000 towards Educational Expense 

Funding received to be based on course registration and arranged with the University of Winnipeg Awards Office and The Faculty of Business and Economics.

Scholarship Renewal Criteria

Scholarship renewals (up to a maximum of $5,000) are subject to the recipient meeting the following criteria:

• Completion of 90 credit hours toward their degree and plans to graduate at the conclusion of the academic session in which the scholarship is tenable
• Continues full-time student enrollment 
• Maintenance of a minimum GPA of 3.0
• Sucessful completion of a a four-month work placement with Canada Life that has been assessed as satisfactory by the Selection Committee

Students who do not maintain their full-time student status and/or whose GPA falls below 3.0 will have their scholarship placed under review for decision by the Dean in consultation with Canada Life.

Work Term Experience

• Students will be required to complete a paid summer work placement at Canada Life in the summer preceding their scholarship award

• Roles and responsibilities are determined after the applicant selection process, shared at the start of the term by the departments into which students are assigned to work
• A hybrid model work set-up is expected, subject to change with the area of placement and role responsibilities. Work-from-home set-ups require students to work at full capabilities, or full-time in-office arrangements will be required.
• Students are committed to a satisfactory and demonstrated performance level throughout the term, as monitored by their leadership and work team

Selection Criteria

• Academic Assessment (weighting – 60%)
  • Minimum overall GPA above 3.0
  • All applications submit a current transcript (please attach on your profile in the Transcripts section – Online screenshots permitted).
• Written Composition (weighting – 20%)  
  • Applicants must submit a 2-3 page essay addressing: 
    • Their interest in Canada Life, and 
    • Their interest in the financial services and/or insurance industry
• Personal Interview (weighting – 20%)  
  • Interviews conducted by the Canada Life Selection Panel 

Final selection is based on the highest combined evaluation across all components

How to Apply

Applicants must submit the following with their application: 

• Resume 
• Cover Letter (optional)
• Most recent transcript 
• Written composition essay

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The base salary for this position is between  $41,100 - $61,600 annually.  This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc).  If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

For our student opportunities, the base salary will be dependent on the number of work terms you have completed along with other factors depending on your program. 

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Canada Life- Apply today!

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations. 

We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential. 

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted.

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