Advice

I will be starting my first year at Schulich(business program in Toronto) next year and just like everyone else here am interested in getting an analyst job when I graduate. Other than grades and ecs and networking what else do you guys recommend i do during my 4 years here to get the job. BB firms rarely come to Canada so I may have to settle for a Canadian firm such as RBC/BMO/CIBC but I want to do whatever it takes and at least try to get a job at CSFB or MS/GS.

How did you guys network with previous alumni, should I be attending every single business meeting or event that my school hosts? Also, i understand that one of the best ways to get a full time offer is to get an internship 3rd year but what about first and second year. I know its not easy but is it even possible to get an ibanking intern during those years, if not what departments do you recommend i start off at...PWM?

21 Comments
 

sorry bro but the reality is that bay street only hires a few per year. try interning at a finance job and hope for the best. everyone that applies to your dream job will have practically the same profile (grades, clubs, work exp) so it really depends on your personality than anything else. you may say that you'll do whatever to get in but so does everyone else.

 

PWM won't hire an intern because they're not savy enough to deal with wealthy individuals. Also, Schulich is not one of the main feeder schools in Canada so you're gonna take what's left.

 

Canada has universities and some of them are much better than those in US or UK.

For example, University of Waterloo that has been defeating Duke and Princeton in the Putnam competition for the past 5 years.

 
Best Response

What about American firms with Canadian branches? I know Lazard, ML, Smith Barney and few others that have bay street locations. I'm not really worried about getting into places like RBC/BMO because all the big five canadian firms hire from schulich/queens/ivey exclusively. Executioner- how should i go about contacting alumni without sounding rude or like i am using them, what can i say really "i go to the same school as you so i need your help in finding a job"?.

I find it hard to believe that going to Schulich will be that much of a disadvantage I thought it was a good school. I heard guys from here that got jobs at Morgan Stanley, interns at ML etc. Anyways if worst come to worse I guess I can always get into Ivey since it doesn't start till 3rd year.

"Switch out of schulich asap. it sucks. it's even worse if u're not in bba/ibba." BBA/IBBA are the only undergrad programs in Schulich...

 

The guys that got into MS etc got in through pure networking. Schulich is kind of like a UNC in the states for Canada. It won't neccessarily help you get into ibanking, but it won't hurt you either.

Ask some seniors, some of the canadian banks didnt even post at Schulich for summer. Often they come to Schulich once the top guys at Queens / Ivey have accepted big US jobs because a tier 1 guy at Schulich is better than a tier 3 at Ivey / Queens.

It's hard to switch into ivey if you did business for your first two years (they have course overlap rules).

Also, there is a trend to US banks recruiting less in Canada due to Visa issues. They seem to be reverting back to their traditional feeders (Ivey / Queens / McGill).

Dude, schulich has a great rep for high school students who don't know anything about banking but once you get to third year it's all ivey and queens.

 

^are you nuts, this guy's in highschool already thinking about his future-Ibanking no less and buy the look of his posts knows a bit about the business. I would say with time on his side he has a good chance.

 

honestly the rankings mean shit........what matters most at the end of the day is alumni and Ivey/Queens/McGill dominate the banking scene. Schulich is great if ur interested in actg.

That being said, its still very possible to get into ibanking out of Schulich. I was one of about 6 interns that managed to land internships at our school. Its still barely anything compared to Ivey guys but its ibanking at the end of the day.

 

Hey...u said u were a 1st yr at Schulich and it definitely sounds like u know what the career entails.....leave your email here and we can talk a bit more in detail about how to land the Analyst role coming out of Schulich.

 

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