Canada: Laurier MFin co-op vs. McGill MMF?

Hi everyone, I'm a recent life sciences graduate (GPA: 3.9+, no professional experience in finance) looking to break into finance. I tried to land an equity research role with just CFA Level I but it seems like Toronto's job market is terrible right now. I'm hoping that a master's will help me land an IB/ER/AM role. UofT's MFE program is attractive but I don't think I have the necessary quant background to be admitted. I've been considering McGill's MMF program and Laurier's MFin + co-op program. How do the two programs compare, and which one better suits my goals? Thanks!

4 Comments
 

Based on the most helpful WSO content, here's a breakdown of McGill's MMF and Laurier's MFin + co-op programs to help you decide:

  1. McGill MMF:

    • Strengths: McGill's MMF program is well-regarded for its focus on financial modeling and quantitative skills, which can be valuable for roles in IB, ER, or AM. The program has a decent track record of placing graduates in finance roles, particularly in Canada and internationally (9% in the US, 16% internationally).
    • Challenges: While McGill has a strong reputation, its alumni network and campus recruiting for finance roles are not as robust as top Canadian target schools like Ivey or Queen's. You may need to rely heavily on networking to secure opportunities.
    • Fit for Goals: If you're looking for a program with a strong academic foundation and are willing to put in the effort to network, McGill MMF could be a good fit.
  2. Laurier MFin + Co-op:

    • Strengths: The co-op component is a significant advantage, as it provides hands-on experience and a direct pathway to internships, which are critical for breaking into finance. Laurier's co-op program is well-structured and can help you build a strong resume even without prior finance experience.
    • Challenges: Laurier is not traditionally considered a target school for IB/ER/AM, so you may face more challenges in accessing top-tier finance roles compared to graduates from McGill or other target schools.
    • Fit for Goals: If gaining practical experience through co-op is a priority and you're open to working harder to network into top roles, Laurier MFin could be a strong option.

Recommendation: - If you value practical experience and want to build your resume through internships, Laurier's MFin + co-op program might be the better choice. - If you're confident in your ability to network and want a program with a stronger academic reputation, McGill's MMF could be more aligned with your goals.

Ultimately, both programs have their merits, but your decision should align with your career priorities and how much effort you're willing to invest in networking and job hunting.

Sources: Here are the Target Undergraduate Schools in Canada, What are my chances of getting into a top Mfin or MFE (the likes of U of T MFE, Desautels MMF, Western MFE, Schulich Mfin), MSF Class of 2018, Don't come to Penn/Wharton to work in finance and make money, Closed thread (Delete)

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