Which Canadian University is best for Investment Banking?
Which Canadian University can I go to be successful in this Industry? Are students from Ivy leagues preferred over all of us
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The only ones we know about or ever hear about here in the US (in no particular order):
-- McGill -- Ivey -- U of T -- York
Dont forget Queens. The current President of Apollo graduated there and spent his entire career at GS loan desk until this gig at Apollo and there are many others. In fact Queens has been placing rather well at GS, among other BBs.
Wrong UBC is currently placing extremely well
EDIT: Out of the four of them, McGill is the best overall school, though Ivey punches hardest in the finance world.
Western (Ivey) > Mcgill = Queens > York (Schulich) > U of T (Rotman) = UBC (Sauder)
I've been trying to figure out where I should go as well. I'm probably going to accept my offer to Ivey. Bigger network of alumni than the other Canadian bschools, also quite easy to get a good GPA there with the case study method.
Queens and Ivey have the best reputation in Canada. Ivey has a GREAT career services office, and does decently on placement in New York too. McGill gives you the most rigorous education, but career services SUCKS. You need to skate on the value of the school's name, which does alright in North America, but REALLY kills it in Europe and Asia. You really need to do your own networking at McGill. U of T is just okay. I hear they give a great education, rivaling McGill's and better than Ivey and Queens, but placement isn't outstanding. York, is fucking pathetic.
Not to say that there aren't people from all these schools on Wall Street for the record.
Go to ivey or queens to give yourself the best shot.
Ryerson
Canadian Undergrad rankings for finance/ IB banking (Originally Posted: 05/31/2012)
What order would you rank these schools in terms undergrad finance program: Schulich, Rotman, Ivey, Queens, Laurier, McGill, McMaster and Waterloo?
I know that for IB the best are Ivey and Queens but after that how would you rank the remaining schools?
Thanks
Ivey>Queens>Mcgill>Rotman>Schulich>Laurier>McMaster - Waterloo doesn't really have an undergraduate business program, but they do participate in joint programs with Laurier.
Ivey Queens [gap] McGill, Schulich, Ivey, Laurier/Waterloo Dual BBA [large gap] McMaster, Laurier BBA, Waterloo AFM
Ivey>Queens>Mcgill>Schulich>McMaster>Laurier
To echo the sentiments above, Waterloo does not have a business program; however, they place their students tremendously well in accounting. Also, I have heard of Waterloo grads getting S&T jobs at bulge brackets.
Ivey>Queens>McGill>Schulich>Rotman>McMaster>Laurier
I know you asked for finance but Waterloo is very strong in S&T from their more quant degrees. CS/Math. Ivey>Queens>Mcgill>Rotman>everybody else...
Agree with the notions above. Can't turn around without bumping into another Ivey d-bag down here haha.
Haha man if I had a dime for every one of these threats I'd be rich
McGill should win just because Montreal is more fun than anywhere in Ontario.
Laurier places well in ER
Schulich is growing but still more accounting imo
Waterloo accounting students actually do well in IB, and the technical programs can set you up for trading
I'm not too sure about McGill but I think they're strong everywhere, just not recruited as much within Canada but I think american firms do post OCR.
Please please please do NOT go to rotman or mcmaster for finance, especially not mcmaster.
It really depends what you want to do so I don't think ranking them in a list is the best way to make a decision. Personally, I would say go to Ivey/Queens/Waterloo/McGill.
Also, the admission average for Laurier is at least 7% higher than McMaster... take that for what you will.
McGill or bust.
^ Heard good stories of McGill grads placing into New York, apparently more in NY than other parts of Canada
John Molson in Montreal places well in Canadian IB's, no idea about NYC. They have a really competitive fund management program $1.4m last I looked.
Their MBA is ranked lower than McGill but the BComm is higher. Way better facilitates than McGill Desautels
My buddy at Laurier is working at a BB in Toronto after finishing his 2nd year. Laurier doesn't have as big of a name as the others but I've heard great things about their co-op program.
tier 1. Ivey, Queens, McGill Desautels [Honours Investment Stream only] - huge gap - tier 2. Schulich, Laurier - big but not huge gap - tier 3. McMaster Degroote, Rotman, etc.
Waterloo's programs are not business programs. Their DD programs are good but there's a misconception that firms hire from DD exclusively. When employers come to UW for co-op, they hardly ever come for a specific program - all the co-op openings are open to many different programs. The finance co-ops can go to AFMs, Math/CS students, and even Engineers.
The Math/BBA DDs do quite well in finance jobs but has been falling off of late. S&T/similar technical finance job oppurtunities are solid across the Math/Eng programs.
AFM and UW's other public accounting programs (Biotech/CA, Math/CA) are a huge waste of money (75K for 5 years - more than any other Canadian undergraduate program by far) but they do have good access to the Big 4. If you're a superstar, you can leverage than into Transaction Services/corporate finance which is a good stepping stone to bigger stuff, but if you were a superstar to begin with, why go through the trouble?
Most high school students don't really take any of this into account though. An ambitious Canadian high school students is going to know a lot less than an ambitious American student so this is hardly an exact ranking.
^ This.
Also, second the comments on Laurier. Who would have thought some small crappy school down the street of UW would place so many people down in Bay? I'm working on the street and there seems to be way more Laurier alum than Ivey/QC.
I think most of the grads went to the U.S. I know that QC sent 6 grads to New York just for one bank. Same with Ivey, the amount of students going to LA and SF in California is astounding. More than 7 for sure this year. That's not to mention grads going to London and NY and Calgary.
how about Guelph?
What if you don't want to study finance at Canadian schools but engineering instead?
bob_bsd is close, except Queens and Ivey are effectively on par now
Queens / Ivey [gap] McGill, Schulich, Ivey, Laurier/Waterloo Dual BBA [large gap] McMaster, Laurier BBA, Waterloo AFM
Its been said already but from one Queen's club alone, 5 kids went to GS NY (http://www.quiconline.com/team-career-paths/) . Some say these students were outliers, but with clubs and stats like these, more an more high quality students will be attracted to QC, etc., etc.
In the end a student could make it just as far from either of these programs, after a certain point it really comes down to personal competency/ambition + networking.
Also, McGill and Queen's allegedly place the most students into top-tier US MBA programs.
PS: Guelph isn't even on the map.
Queens is not on par with Ivey. Its close and sends a decent amount to NY but Ivey sends quite a few people every year to SF and LA in addition to NY. There are also firms that only recruit at Ivey in Canada and other select schools in the US such as Qatalyst, GS investment partners, Leonard Green
Jesus this thread makes me really depressed I don't go to Ivey or Queens :|
^^ I wonder what school you go to...
Canadian I-Banking Recruitment (Originally Posted: 08/25/2012)
Hey all;
Going into fourth year in a Canadian feeder school (think, Ivey/Queens/Sculich).
Does any one know how many summer analysts were hired back at the big Canadian 5 banks?
Anyone know what recruitment will be like for FT in September?
I have heard its going to be a tough hiring year...
Bump.
its going to be a light recruitment season
It will be very tough. Good luck.
Shit... Do you know numbers for any banks?
No point stressing over something like this. Canadian banks have always hired lean because the dealflow or whatever doesn't justify massive teams I guess. Just apply, hit up info sessions and network!
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