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Really good for Montreal IB + CDPQ and PSP investments if you are part of the FPHEC (student investment fund) and have a strong GPA, you will have a top placement.
Very low placement in Toronto though as Alumnis are historically targeting Montreal, network in other cities is almost non existent (except very exceptions in NY and TO).
Also - Strong student community, easy to get involved, plenty of events and exchange program is really good (they insist on students going for a semester abroad, which I strongly recommend).
There is almost zero post-graduate hiring in Quebec into investment banking. If you're interested in living in Montreal, I hope you're bilingual unless you are specifically targeting RBC, which mostly functions in English as they tend to have multi-geography deal teams (ie have NYC, Toronto, London etc on the same deal). Again though, they don't hire from masters.
Innacurate. National, TD and BMO each recruit 4-6 students every year, RBC probably 3-4 and Scotia 1-2. Seems low compared to NY/Toronto IB classes, but there is much less applicants for Montreal roles as McGill and Concordia students apply for Toronto and not Montreal CDPQ probably hires 20+ students out of school every year and PSP 15+
Also you still get paid 85/90k base and Montreal is a very low COL city (can afford a very nice 1br condo for less than C$1200)
RBC does not function in english, most bankers in Montreal are french speakers and speaking french is mandatory
Would you rather pick McGill or HEC Montreal for post grad if I want to get into IBD? sadly I'm not bilingual though I understand french( not enough to be involved in deals)
Hec
Actually any job is fine considering the covid situation how good is HEC Montreal if I want a decent job in finance (75-80k CAD will do)
In general, very few MBA/Masters associates are taken in Canada compared to the US. I'm sure it does happen and even in Montreal as with the case of your buddy but I wouldn't pin 10s of thousands of dollars on an off-chance. That said, an $85-90k job is easily manageable in finance. I would stick to Mcgill if you're an international student just for the more widespread name recognition.
Actually HEC M Msc is very quantitative I think and people place well in pension fund front office jobs so with some good networking and if you want to stay in Montreal you can get 75-80k base pretty easily
thank you I'm confused between McGill and Hec montreal what would you choose?
McGill MiMF is better IMO. Way more alumni in Toronto and has decent recognition in NYC.
You have better chance of landing an interview at BBs through McGill.
Source: Friend was in program and landed an interview at BAML with no real experience other than a Fed Gov job (applied for summer analyst).
McGill is a 1 year program if correct, but most extend to 1.5 years so you get an extra summer for internship. Classes start early summer so you have grades which can help you pass screening phase
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