Choice of Studies - Breaking into Banking abroad

Hello there,


I have done a lot of research regarding possible Masters programs since I am planning to move to Canada and break into Inv Banking (from GER) within the next years, but I am not too knowledgeable about the industry's perception of my "academic achievements" / goals in Canada.

 Currently, I am finishing my undergrad in a dual-study program (meaning it's an alternating on-site job at a bank and study phases at a university) and since these programs are very unknown to the industry in North America, I think it would be very helpful to add a Masters in Finance at a decent university. Right now I sit on a German GPA of 1,7 (at my university - that would be equal to 3.7, about 90% avg.), got a GMAT Focus score of 615 (Old 680) and passed L1 CFAlast Nov - planning to continue the CFA journey ;)..


I would greatly appreciate any advice on good universities that might offer good Master in Finance degrees that might help me out to break into banking as a "foreigner". MBAs usually require years of work experience and since I would have "only worked for 1.5yrs while my studies, I think that's out of the picture anyways. Also, since some Canadian universities require years of work experience, require a four-year diploma (while German ones are usually 3yrs long) and since the overall distribution within Canada is pretty thin, I'd appreciate any advice on US universities, which are close to the Toronto area (such as University of Rochester..). Would it be reasonable to study in the US and then move on to Canada?


Thank you for any help - I greatly appreciate it!

All the best,

C.

 

Inventore facere asperiores quo at est ipsa. Ipsa et doloribus repudiandae omnis. Dolorum non ex nulla vel.

Corrupti et dolor non suscipit. Pariatur magni sed exercitationem quibusdam fugit.

Harum quas labore non dolorum non qui. Eos pariatur in velit modi. Corporis laboriosam distinctio perspiciatis minima eius voluptatum ut enim.

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

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • William Blair 03 97.7%
  • Morgan Stanley 04 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (207) $159
  • Intern/Summer Analyst (152) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”