Canadian undergrad with L/S equity internship — US MSF/MFin worth it for ER/AM?

Hi all — looking for some honest advice.

I’m an international student at a semi target (but not target major) in Canada. GPA around 3.8–3.9. Work experience so far: 1 top VC in my home country, 2 mid office role at provincial government (data/economic analysis...), and 1 L/S Equities at a Toronto Hedge Fund (AUM $500M - $1B). Also have some stock pitch/trading competition experience.

Long-term goal is fundamental public markets — ideally ER, AM, or buyside research. I’m not really trying to force the IB-PE path unless I have to. I like investing/research more, and lifestyle/personality-wise I don’t think pure IB is the best fit.

My issue is that Canada feels extremely tight for high finance, especially ER/AM/buyside seats. I’m considering applying to strong US MSF/MFin programs, ideally ones with an internship window, to get access to the US recruiting market. I’d probably target ER/AM/investment research first, with IB only as a backup.

I'd really appreciate if someone can share their insights:

  1. Does a strong US finance master’s materially improve my odds versus trying to recruit directly in Canada through Post Graduate Work Permit?
  2. For my background, what level of US programs would be realistic targets?
  3. Is the visa/sponsorship issue still worth taking on given the much larger US market?
  4. Any programs you’d recommend or avoid for someone focused on fundamental public markets?

Appreciate any honest thoughts, especially from people who recruited for ER/AM/buyside as international students.

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