Advice on breaking into M&A/PE in Canada with a non-traditional background (Biology undergrad, Accounting/Finance post-grad)

Hi everyone,

I’d really appreciate some insight or advice from anyone working in M&A, IB, or PE, on how to structure my approach with the goal of eventually ending up in PE(approx. 5 year timeline). 

About me:

• I’m 27 years old.
• Graduated from the University of Western Ontario in 2021 with a specialization in Biology (3.7 GPA over last 2 years).
• Recently completed a Diploma in Accounting at McMaster (3.7 GPA).
• Incoming Master of Accounting & Finance student at the University of Toronto (expected graduation: Aug 2026).--> Non target
• The goal: PE with a plan to start in M&A/Investment Banking (ideally healthcare-focused M&A, but open to other sectors).

Work experience:

• 2.5 years at a small transportation company in Switzerland doing Business Development + FP&A, while studying for my Accounting Diploma.
• Short M&A internship at a small advisory/accounting firm in Toronto.
• Internship at a small startup
• Undergraduate research background (as a research student in cancer research and clinic kidney research + random lab experience).

Current thoughts:

• I've been told to avoid audit if I want to break into IB/PE. My original plan was to join a accounting firm (Audit or Valuations, maybe transaction advisory), get my CPA, and move internally into TAS/Corporate Finance, then make a lateral move into IB and eventually PE.
• However, I’m 27 and want to avoid audit if possible to speed up the process if possible.
• My program at U of T includes a co-op/internship term starting Jan 2026, so I am trying to aim for something closer to IB, M&A advisory, or Valuations.
• I’m open to moving back to Europe- DACH region seems to have more opportunities within M&A. Hence, the masters program instead of simply pursuing my CPA. The degree would allow me to be competitive with local candidates to some extent. 

Main questions:

1. Given my current education and work experience, how realistic is it to break into M&A in Canada?
2. Any thoughts on my plan of trying to go directly into valuations or TAS?
3. How can I best position myself during my Master’s program to land a co-op in M&A/IB/Valuations instead of defaulting to audit?
4. Are there firms in Canada more open to non-traditional candidates like myself (science undergrad, accounting/finance grad)?
5. Any general tips on navigating this path. avoiding detours, and actually getting to the deal side?
6. Should I pursue the MAccFin? I feel like it would give me another chance at recruiting, which is something I never had. It would also provide me with a tangible degree in accounting and finance and make me more competitive.
7. Anyone dealt with something similar that may have some inputs/ advice?

Any advice would be greatly appreciated!!