[Canada] CA + CFA® + MBA?
Hey guys, first post,
I'm currently at a half-decent school (University of Toronto at Mississauga) studying Commerce (50% Economics; 50% Accounting or Finance. For Americans I guess this would be a double-major in econ + acct or fin). I have to pull the trigger and choose either accounting or finance next year.
I don't exactly know I want to do yet, but it's probably either Chartered Accountant (british commonwealth equivalent of CPA), Asset Management or IB. My school is a target for Canadian IB but my campus is not.
So, I'm wondering, is taking Accounting instead of Finance and then aiming to fulfill CA req's while simultaneously doing CATO and CFA® for three years after grad a legit way to break into finance? Or do employers (especially IB) see Acct majors in a negative light?
Is CFA® + MBA overkill? Or does it realistically raise my chances of not getting my resume passed over? Anybody from Canada on here do an MBA at a top American school?
Sorry for the n00b questions, I just recently figured out what I want to do in life. Any guidance is greatly appreciated, thanks in advance!
Hot Asian girl who needs it in. Did not read. MBA > CFA.
UTM?? that is nothing compared to UTSG Rotman. UTM Commerce ranks lower than tons of mediocre canadian schools
be realistic and take accounting and become a accountant. Forget IB man. Even Rotman doesnt place that well in IB compared to Ivey and Queens
Aren't you in Rotman? I think you should heed your own advice.
Hey you seem to know a lot about Canadian B-Schools.
What is your opinion on McGill's BCom program? Im heading there this September
He's a 1st year. PM me.
UTM is not half decent, OP. It's down in the the U.Manitoba levels. As YE777 said, even Rotman would make your life challenging enough. I'm all for ambition but chill at and deal with reality. Good luck.
Sorry, English is not my first (or second) language. when I said half-decent, I meant "pretty bad but not horrible like Ryerson."
Ya, I know UTM sucks. That's why I'm thinking MBA...I have a 3.92 GPA first year and I volunteered in Haiti, if I can sustain that + add extracurriculars, will I get into American Ivy school? Would a school like Yale or Princeton know the difference between UofT and UTM (assuming they even know what uoft is)
Question remains as per title...would a CA + CFA + MBA get me into AM/IB. How important is your undegrad when they see MBA from top school?
LOL! No faith for the little guys on Bay street? Damn bullies.
lol @ Azn chick pic + UTM + Princeton MBA.
Just transfer to Ivey in your third year as a HBA1. Done!
UTM is a crap program man... you could go for your CA but ... UTM isnt even one of the 8 programs that are accredited by the ICAO (Ivey, Rotman, Waterloo, Laurier BBA, QueensComm, Brock Acc, Schulich, Macmaster Degroote) which makes life a little difficult.
If you just finished year 1 or 2 ... apply to Ivey HBA.
Dude, whatever you want, do it!
Grow a pair and get in the drivers seat. These guys are trashing you over the caliber of the school your art but your education is decent. I'm from UWO not IVEY and got a few interviews in S&T and ER, simply but not being a pussy.
So at the end of the day....
To all you monkeys that are telling this guy to become a cubicle accountant cunt, stfu
*simply by not*** typo
Go for a CA. UTM gets great accounting recruitment and there's tons of resources on the careers portal - you'll have to go downtown for a lot of the resources but being part of the huge UoFT network helps.
One of my friends at E&Y says their major recruitment comes from Waterloo, UoFT and Laurier.
The market for CAs is awesome in Canada - I'm also considering it.
I guess CA's not THAT bad but I wanna keep it as a backup, a position to fall back to while I try to repeatedly break into IB/AM. The CA/CMA merger and transition to IFRS might negatively impact CA compensation so I'm REALLY set on IB/AM. Been networkin like a conferece, because the nonsense is yet to stop..
Ya I was thinking transferring to Ivey in Year 3 but I honestly don't know if a 3.92 GPA will fly in the face of those mofo's with 4.0 and plus, 2/3rd of their HBA is deferred high school kids and it only gives 42/51 credit hours for CA. Oh well, might as well give it a shot
Btw, what's the thinking in Canada for top finance undergrads? My personal take is
[US Top 20] >>> Ivey = Queen's > Schulich >= Rotman > everything else by far. Accurate?
Ok, so I may have been a little harsh earlier but I'll try and make up for it by straightening some things out for you: (note: I go to [either Ivey or Queens I try and keep it under wraps for obvious reasons])
3.92, assuming you're using OMSSAS scale is 88-90% average (high A) in Canada. That's WAY above the median entrance at Ivey and assuming you're not retarted outside of class, is almost a lock to Ivey, especially during expansion mode.
AEO kids are not deffered high school admissions, it's just a tentative pre-admit.
Ivey is the best biz prog in Canada. I don't want all you jelly Shulich and Rotman kids jumping down my throat but it's reality. Queens is above average, Schulich is dece, and the rest of Canada you'll have to find your own battles.
Transferring to Ivey will give you access to stronger recruitment but its your job to sack up and land a gig.
Your GPA is good enough provided your EC is decent. I got in as a transfer student with a lower GPA but ended up rejecting it since I still landed the job I wanted without spending 50K+.
CA route is another possibility. Canadian ibanks have no problems with people switching over from accounting especially if you have experience in a certain industry.
Unlike the CPA in America, the CA is well respected in Canada. I wouldn't worry about the CA/CMA merge, even if it does happen, it'll take a LONG time to work itself out.
In terms of best undergraduate programs for finance (Ibanking), Ivey is definitely the best and Queens is a close second.
Schulich has some good kids but it's not that great. None of the other undergrad bschools are any good imo.
so... since when if U of T target for IB ? lol ... I graduated from U of T , and I can guarantee you that being from U of T did NOT help me get a job in IB.
I had to network and find opportunities on my own.
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