McGill Vs UToronto

Context: I’m a HS senior that got basically all their college decisions back yesterday, wanting to work in IB, VC, or PE in the US after college, and I’m not American but live here on a visa.

Sparing the details, McGill and U Toronto are my two top choices.

Really, I just want to know: What school gives me the best chance of making this happen?

(Trust me, I applied to plenty US schools but none that I got into seem worth it.)

At McGill I’m into the Bachelors of Arts: Foundation Year. At UToronto I’m into the Faculty of Arts and Science Studies in Social Sciences. I applied to a bachelor of commerce at Desautels but I’m still wanting on that decision.

I intend to major in economics or finance, whatever gives me the best shot.

Also; I’m expecting to have a green card by when I graduate college and a work authorization before I start college. Any ideas on how immigration status affects job prospects in IB/ that world in general? Does it significantly complicate the process?

thanks!

tomf

Region
13 Comments
 

Based on the most helpful WSO content, here's what you need to know:

  1. McGill vs. U of Toronto for IB/VC/PE:

    • McGill Desautels: If you get into the Bachelor of Commerce program at Desautels, it is a stronger choice for breaking into finance compared to the general Arts program. Desautels has a notable Honours in Investment Management program that sends graduates to both Bay Street (Toronto) and Wall Street (US). However, outside of Desautels, McGill's general Arts program is not considered a target for finance roles, and its alumni network in finance is not as robust as other Canadian target schools like Ivey or Queens.
    • University of Toronto: U of T is a prestigious institution, but its Faculty of Arts and Science is not a direct feeder into finance roles. The Rotman Commerce program is the more recognized path for finance, but even then, it is not as strong as Ivey or Queens for IB/PE/VC placements. U of T's alumni network and recruiting presence in finance are also less concentrated compared to McGill Desautels.
  2. Immigration Status and Job Prospects:

    • Having a green card by graduation will significantly improve your job prospects in the US. Many firms are hesitant to sponsor visas for international students, so your work authorization will eliminate a major barrier. This is especially important for roles in IB/PE/VC, where firms often prioritize candidates who do not require sponsorship.
    • Without a green card, breaking into US finance from Canadian schools can be challenging. Firms may prefer candidates from US schools due to visa complexities and the stronger alumni networks of US target schools.
  3. Key Considerations:

    • If you are admitted to McGill Desautels, it would likely be the better choice for your goals compared to U of T's Faculty of Arts and Science. However, if you remain in the general Arts program at McGill, neither school would be ideal for breaking into IB/PE/VC.
    • If you are set on finance, consider transferring to a Canadian target school like Ivey or Queens, which have stronger placement records for finance roles in both Canada and the US.
  4. Actionable Advice:

    • If you get into McGill Desautels, prioritize that over U of T.
    • If you remain in non-commerce programs at either school, focus on networking, internships, and potentially transferring to a target program like Ivey HBA or Queens Commerce.
    • Leverage your expected green card status to target US opportunities post-graduation, as it will give you a significant edge in the competitive finance job market.

Hope this helps you make an informed decision!

Sources: Here are the Target Undergraduate Schools in Canada, Canadian vs USA vs International unis, College Decision (Canadian vs US schools), IBD Barriers to Entry For Canadians and How to Overcome Them, Why Canadians get an MBA AND the CFA

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

In Québec, McGill, JMSB, and HEC basically dominate finance placements, and McGill has the best shot at U.S. exits. The 5-10 students per year making it to the U.S. is small but not impossible, especially for those in HIM or with strong networking.

For Toronto, though, Rotman is definitely better. The alumni network there is way stronger, and Bay Street is a few minutes walk from campus, which makes recruiting much more in their favour compared to McGill. If you’re dead set on IB in Toronto, Rotman probably gives you the best odds. But if you're open to other areas like credit, private equity, or U.S. opportunities, McGill is still a solid choice.

Are you thinking about trying for U.S. roles at some point, or is Bay Street the main target?

 

Rotman is absolutely not king even in Toronto compared to McGill

 

Hey, thanks for the info.

Bay street is not my goal. I’m hoping to go back to the US after graduation and during the summer too for internships.

I’m not 100% sold on IB. Definitely open to other areas, even consulting. I’m definitely leaning towards McGill atm. I’m only confused by what school has the better reputation in the US. U of T has better rankings for undergrad but when I talk to people here in the US it seems like McGill is better known and regarded. How do you compare their reputations? (for undergrad, Econ programs, management/business, and in general?)

 

Just to be fully transparent, I’m a first-year at McGill, so my perspective comes from that experience. That said, McGill tends to have stronger international recognition compared to U of T, especially in the U.S. Many people there see it as Canada’s equivalent of an Ivy (even if that’s not exactly the case). U of T ranks higher in global university rankings, but McGill has a stronger name brand in the U.S., particularly in finance.

From a recruiting standpoint, McGill’s BCom program offers solid opportunities through extracurriculars like JED, MIC, and Red Point Capital. These clubs are heavily involved in prepping students for IB, PE, and other high-finance roles, and they provide networking opportunities that are crucial for breaking into the U.S. market. If you’re serious about recruiting in the U.S., I’d definitely recommend reaching out to people in those groups to get a better sense of where McGill grads have landed and what paths they’ve taken.

 

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