McGill for investment banking?
I'm gonna be applying to college next term and I'm really interested in investment banking. I was wondering, is McGill a good enough college to break into the industry assuming i get a 3.7+, network alot and land an internship?
Will the fact that its in a different country work against me if i want to work in the US (preferably nyc)?
Thanks
as long as you don't mind getting your bonus in maple syrup, eh
If you ever visit LinkedIn you'll notice there are in fact quite a few mcgill students who work in NYC. I'd recommend creating an account and searching for alumnus there and asking them about their career path. Be tactful and try to avoid sounding too direct though, learned that the hard way.
Best of luck!
go to queens, thank me in 3 yrs
+1
Yes, Mcgill is good enough.
Getting a 3.7+ gpa, networking a lot and landing an internship could make you successful at any of the b-schools in Canada really.
suitedwolf,
what do you mean by go to queens? Queens college?
Queens University is a an amazing university in Kingston, Ontario. It is one of the only schools in Canada that has MS and other BB recruit for analyst/associate programs. It is considered by many as the Harvard of the north. But let me tell you something, it doesn't really matter where you go. Just start networking as soon as you get there. Don't try to take all the hardcore courses and super hard bs stuff. Take easier courses and GET A HIGH GPA. A person with a 4.0 in Basket Weaving is better than a person with a 3.2 in Economics. So, just go where you are going, meet the right people, and get your GPA high. Secondly, start something different in life. What I mean by that is: you will be competing with amazing students from all over US and the world, so do something extraordinary. Like, start your own small business, an NPO organization, a sports league, whatever, but do something different. That's the only way you will gain an edge over other applicants 3 years down the road. Hope this helps...good luck!
McGill is good enough, every BB recruits. You will not get exposure to the boutiques, but i am not sure any schools in Canada do. Queens is more expensive and you will not get any advantage... plus the McGill girls are way hotter than that little town in Ontario
I agree with you on the girls 110%. In NYC I have met a lot of queens grads and U of T grads, but never a McGill grad. Not saying McGill is bad or anything, its just not what Queens is. And btw, I am not biased, I went to U of T :)
Bumping for hopefully more replies..
McGill is OK - need to do well there and network. Queens is better. Waterloo for quant. Ivey at UWO is pretty decent too.
If you're looking for GS/MS/JPM in NYC, will be hard. Toronto/Calgary Big 5 or Canaccord Genuity will be exponentially easier.
I'm currently a first year in McGill BComm and I intend to transfer to Ivey after my second year. I actually love the school but the recruitment is just decent. On the other hand, I've heard a lot of great things about Ivey.
Queen's placed 5 GS NY for this summer (ibd, ssg, ir)
^Two letters: I U
down
Recruiting McGill Investment banking (Originally Posted: 05/28/2013)
I only have a few days to make up my mind for university. The program I would be attending is joint honours economics and honours finance at McGill. This is as a B.A. Given that this is taught through the faculty of both management and arts, how are my chances of landing an internship with an investment firm as opposed to getting a BCom? My fear is that I wont be able to find internships during the summer with a job in finance right after I get my B.A. since I won't have a bachelor of commerce degree. I do plan to get my CFA and MBA at a top school and possibly a M.Sc. in Finance as well but I'm afraid that banks won't give out internships to a student with a B.A. even though I will have covered finance and economics. The added benefit is that these are honours courses which means that they are more quantitative and mathematical from what I have heard but I have yet to know what that really implies.
Definitely possible if you have what it takes: Pretty much standard stuff: A high GPA + extracurricular activities and also you'll have to be very confortable with technical questions during the interview. As I said, standard stuff.
Regarding that particular program, well I know 2-3 guys that made to IB this year that were in this Joint Honours. However, the most common program that sends kids to IB is called Honours in Investment Management. You learn quite a lot.
Plus, I don't think you would have an edge on other kids that are doing their Bachelor of Commerce with a finance and accounting major. As a matter of fact, I know more students that followed this ''standard'' path and that ended up in IB
You could also check this thread regarding McGill U.
//www.wallstreetoasis.com/forums/mcgill-desautels-vs-john-molson
McGill is a great school but their recruitment isn't particularly exceptional if you're aiming for high finance. There are a few Econ and Math majors from McGill in S&T for what its worth. I cringe every time they use the word "HONORS" to suggest some form of gargantuan achievement.
McGill University reputation (Originally Posted: 12/19/2013)
bump
McGill placed about 10 people in Goldman Sachs for full-time 2013 and summer 2014.. average??? I'm pretty sure that puts McGill at #1 in Canada and probably better than some Ivy leagues in the US
I've read on a lot of forums that McGill has a pretty good reputation in both NYC and London.. But i'm also wondering things about McGill. Sorry i'm not really helpful
Hi there,
Also interested as McGill is one of my school's partner, but not sure if it's just exchange or double diploma
If you want to work in NYC I don't see what other options you have. Are you in highschool or CEGEP right now?
McGill (Originally Posted: 01/08/2009)
Hi All,
I am currently a senior in high school. I am looking into applying to McGill as I have heard they have a great finance program. I am getting high 80s and low 90s in all my courses. What are my prospects of getting in? Is it worth it?
Also, I have heard that the only place in Canada where Goldman Sachs goes to look for future employees is McGill, is this true? Thanks.
No, it is absolutely not true that GS only hires at McGill. If you want to land a job at the top investment banks, you should go to Richard Ivey (UWO)HBA program; hands down it is the top Cdn. target school for investment banking; McGill is a great school but I really don't think you can compare the two, especially when it comes to recruiting. Matter of fact, Rotman, Queens and Schulich are better target schools than McGill. I know some kids at Ivey who did internships at GS not only in Toronto, but in other major cities (NY, LA, etc.) as well.
Thanks a lot for your help. I guess your right. McGill isn't the only choice. Some of the other schools are probably a better choice.
If you want to work at Goldman you should go to the US for your undergrad. Northeastern US schools preferably.
McGill University (Originally Posted: 07/10/2007)
Hey all,
I'm new to iBankingOasis.com and I'm just how does McGill fair in sending students/graduates to investment banks and whether if it's known in the street.
I'm an incoming junior with GPA of 3.40 majoring in finance and minoring in economics.
I've done a legal internship, business news reporting/research internship, and served in the Air Force for three years.
I've come to realize that getting into an investment bank is insanely competitive, coupled with the fact I'm an international and probably not in a university considered a target. Will I even get through the doors? What are my chances to land a summer internship at a BB (Investment Banking or Trading in S&T) ?
Much appreciate it.
I went to McGill undergrad and am going to work at a top bank coming out of business school in the US. I am not sure how McGill places out of undergrad, although I know several people from my class in the business and engineering departments who got banking jobs (all in NY). McGill has a great general reputation in Canada, and even better reputation in the US. Employers in the US, if they know one Canadian school, it's McGill. I know guys in the industry also know Western since there are some US groups that use it as a target. I think if you have decent grades and put some work into it you should be able to land something in Canada, and maybe even the US provided you are doing either business, engineering, or (to a lesser extent) economics (arts dept). The good news for you is that as long as you get decent grades, some good work experience with a reputable (pref. internationally recognized) company out of undergrad you should have little trouble doing a top MBA in the states. That is basically what I did. You can easily get a good banking job out of a top US program.
I know that there's a girl working at JPM M&A this summer from McGill...
.
if you work hard, get a good gpa you will be able to get interviews... All the big banks recruit here out of undergrad ...geting a job in a bb out of a top ivy isnt easy so its never a sure thing
Aside from IB's, I have a bud who finished his bachelor in Econ. at U of Montreal with a 3.8 GPA + he was in the honors program and McGill turned him down for the master in Economics.
The word now is that McGill favors international students because they pay much higher tuition fees.
And by doing so, Mcgill profs can continue to pay themselfs lavish salaries.
Anyone from Mcgill to confirm this?
The school only gets you the interview, from what I've seen, like at any Undergrad school in Canada, is that the school gets you the interview. In most cases, if you're not cut for investment banking, your just not going to get it.
The few who do gets IB from McGill (in TOR,MTL,NY), are some of the best students in Canada. I've witnessed the past 3 years IB recruting here in TOR/MTL, and word of advice monkeys, if your not a 4.0 student with previous experience, or 3.85 experience who is insanely smart/personable.. you do not stand a chance.. again you'll get the interview.. but getting the job is what your aiming for..
Mc Gill for finance??? (Originally Posted: 03/06/2010)
Is McGill in Montreal any good in Finance?
I'm from the UK but french-speaking. I really don't know how McGill is rated in N-A.
Anyone could help??
google brett hickey
Hi there,
McGill is one of the Canadian target schools (definitely top-3 with Queen's and Ivey; with - I believe - a better global footprint), and most of the BBs that operate in Toronto/Calgary/Montreal recruit there. Traditionally, people were also landing gigs in NYC but it has become more difficult lately with the US visa regulations becoming tighter.
The curriculum of the finance program is pretty solid - comparable to the education you would get from some US target schools. Internationally, McGill's reputation is very decent. It is a big name in Canada, US (~20% of the business students are Americans), France and Asia, and the brand is also well-known in the rest of Europe.
On top of that, the price you will pay to study there and live in Montreal is ridiculously low compared to what you would need to put down for this caliber of business education elsewhere.
I hope it helps, please feel free to give me a shout would you have any more specific questions.
And yeah, Brett Hickey is the man haha
What do you guys think of Mcmaster University? No one seems to mention it, but it's a great university. They have their own trading floor..
garbage
Who the fuck is this douchebag? Prolly some whinny bitch who wants to get anal from Wharton students. Anyway, McGill is good school. I met a couple of alums while working at HF in the U.S
I think he was talking about McMaster, which is, FOR BUSINESS, garbage.
does Mcgill even have a master finance program?
me thinks he's asking about the undergrad program???
@tentop: no it does not. Only UG + MBA.
IB rank MBA degree from McGill (Originally Posted: 01/22/2007)
Can anyone comment on IB (MBA) from McGill? When I check McGill MBA ciriculum I didnot find seeprate IB courses. All I found is Fianance courses. Is it common. In general is there any seperate IB courses offered by Univ? Hos do we knowif a univ have IB option. Can anyone comment on my quesitons. Thanks
mcgill, ivey, queen's and rotman are all pretty equal. mcgill and Toronto have a comprehensive international reputation while UWO(ivey) and Queen's have a rep built on their biz schools. all the top firms recruit in all four of these schools. mcgill is the only one show $200000+ salary post MBA on their placement stats.
i think only rotman has a minor/major in ibanking. i don' think its necessary to have courses in ibanking to work in one.
just focus on the companies that recruit there, average salary and yearly placement stats...they're all pretty comparable in the 4 universities.
As a mid-level investment banker (VP level) and an MBA, I would warn you to spend more time doing research. My rundown on the programs goes like this;
Queens; only accept a specific background in sciences and put people into highly specialized positions. Very few ibankers (more traders) come out of this program and the rankings reflect more the specialized industries pleasure (Aerospace, Defense, manufacturing) with the grads. Queens has a great program but it is more of a "quant jock" and specialized program than a true MBA (in the global sense).
Rotman; has done a great job of positioning itself on Bay Street as a finance school. Location drives much of that and they graduate a lot of people into finance jobs. Don't be confused though; many go to banks but not all go to investment banking. Research, trading and operations are other areas where Rotman students go. This adds to the perception that Rotman is a finance powerhouse but in practice not that many are in investment banking.
Schulich; an up and comer but still not there. Perception is improving and a few more are let into the ibanking tent, but it is by no means a floodgate.
Ivey; historically and still the ibanking powerhouse. No better ibanking alumni network and easily is the best access to not only Bay Street but also Wall Street. Anecdotally, my firm has had trouble actually taking people from Ivey this year as all the best candidates in the first round already had offers from U.S. firms. Ivey was built on its ibanking and management consulting placements as well as on having more CEOs, CFOs and COOs than any other bschool in Canada (yes, I am partial to Ivey).
Don't let anyone tell you the schools are the same and the placement opportunities are the same.
On the original question about IB courses, you are clearly not in the industry. IB is the purest form of finance there is. There really isn't (and shouldn't be) an IB course that accurately teaches what investment banking is all about. Finance courses should provide you with all of the financial theory to excel in investment banking. I would also highly recommend taking operations, statistics, accounting, and if you want to become head of a group one day, courses on managing people.
Speaking as a recruiter, a cross-trained candidate provides better breadth. On the job training will provide all the depth required.
When evaluating MBA programs be sure to do your research. Find a program that will teach you what you need to know, but be sure you know what areas you need to focus on. A dedicated IB course or even stream may provide you with a starting point, but I would likely spend more time finding out from MBA grads who go into banking which courses they felt were important.
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