Western Ivey or Waterloo Finance + CS

Based on the most helpful WSO content, here's a detailed comparison to help you make an informed decision between Ivey and Waterloo's CFM program, especially with your goal of recruiting for buy-side jobs in the US:

1. Target School Status and US Recruitment:

   • Ivey: It is indeed one of the top target schools in Canada for finance. Ivey graduates have a strong track record of landing positions in prestigious US firms like Evercore, Silverlake, Blackstone (BX), and KKR. The school's extensive alumni network and career guidance significantly boost opportunities in high finance, including client-facing roles in investment banking and private equity.
   • Waterloo CFM (Computing and Financial Management): While not traditionally viewed as a "target" for core finance roles (like PE), Waterloo is highly respected for its quantitative and technical training. The program's co-op structure is beneficial, providing practical experience that can be attractive to employers, including those in the US. However, it's more aligned with roles in quantitative finance, trading, and technology.

2. Role Suitability and Program Focus:

   • Quantitative Roles: If you're leaning towards quant-focused roles, such as trading, Waterloo's strength in math, computer science, and technical skills makes it a compelling choice. The program's focus on both computing and financial management equips students with a unique blend of skills that are highly valued in quant roles.
   • Client-Facing Finance Roles: Ivey's curriculum and networking opportunities are tailored more towards traditional finance roles. Attending Ivey might make it slightly more challenging to pivot to highly technical quant roles but is ideal for positions in investment banking, consulting, and private equity.

3. Cultural and Academic Fit:

   • Both institutions offer robust academic programs. Your interest in studying something quantitative along with finance could be well-served at Waterloo due to its technical emphasis. However, if the culture and network of Ivey appeal to you, especially with your background in statistics, it could also be a good fit, provided you are proactive in seeking quant-focused opportunities.

In summary, your choice might depend heavily on where you see yourself fitting better in terms of career aspirations. If you aim for more quantitatively driven roles, Waterloo's CFM could provide a stronger foundation. Conversely, for more traditional finance roles with a possibility of working in the US, Ivey's strong finance recruitment track record should not be underestimated.

Sources: Here are the Target Undergraduate Schools in Canada, Q&A: 3rd Year PE Associate ($10bn+ AUM, MBO/LBO, equity, mezz, distressed debt), Canadian Target Schools Ranked By Detailed Global Placement Data, Canadian Target Schools Ranked By Detailed Global Placement Data, Do Engineers/SWE’s irritate you guys as much as they irritate me