Which university is better for IBD?

Hello everyone, I'm a grade 12 student from Ontario. I wanna compare a couple of programs and need some advice on what I can do in this situation.

So I applied for a couple programs and got accepted by all of them, but the four programs I mainly wanna compare are listed below

  1. Ryerson Bcomm: Accounting and Finance (co-op)
  2. UTM: Commerce (Correct me if I'm wrong, I don't think there's a co-op)
  3. McMaster Bcomm: DeGroote Commerce (Again do not know if there's a co-op)
  4. UofG Bcomm: Management Economics and Finance

Programs that I didn't apply but regret not doing so: Laurier BBA, Ivey, Schulich BBA, Queen Commerce, and Rotman commerce (After seeing my friends with less marks and barely any EC's get into these programs, I've been so sad cuz everyone seems to tell me that these are the only programs that are good to get a job - also I called and checked with a couple of these universities to see if I have a chance to apply now since the deadline is over, but they said NO)

So I basically wanna get into finance, specifically, investment banking. But if that's impossible idc as long as I can get a job that pays a similar salary to investment banking. However, after I asked people about the programs I've applied and which one I wanna chose, I didn't get the responses I was expecting, everyone was just flaming me for wanting to go to Ryerson and saying that you should apply to Tier 1 schools blah blah blah... Like I wish I could too but at this time when all the programs are closed, there's no way on earth I can apply to Tier 1 programs. Now, I can only go to the 4 programs I've mentioned above. I honestly don't know what to do and I'm super stressed. Someone please tell me what I can do in this situation. All replies are appreciated and I'm sorry for the rant. 

Btw taking a gap year is not an option for me and the only options I think I have is to either try to transfer from Ryerson or Mac to Ivey, Queens, Schulich, or Laurier.

Comments (17)

Most Helpful
Mar 21, 2022 - 3:07pm
toja100, what's your opinion? Comment below:

Hey So I am a student as well and what I am going to say is based on what I have heard from people that I have talked to and articles I have read online. Firstly money shouldn't be the only reason you want to do IB and saying any Job that pays as much as IB is quite a big red flag(No shame in chasing the bag but still). With regards to universities, the Canadian Targets are Ivey/Queens/Mcgill there are others but these 3 place the most into IB. With regards to transferring u can definitely apply for Ivey after 2 years of undergrad as even people who have AEO will start Ivey in their third year only. The other universities, I am not quite sure how their transfer policies are but do note that all the top business schools have really really low acceptance rates for their Undergrad Bcom programs in Canada. That being said from your list I am only aware of McMaster and I have heard good things about it online could you clarify what UTM and UofG are?

Mar 21, 2022 - 3:43pm
toja100, what's your opinion? Comment below:

Oh alright, I am an international student that is why I don't know all the universities there so ye. I mean finance and accounting both would have a lot of overlap tbh. That being said Accounting I have heard is a better choice as you could even go on to do a CPA if IB doesn't work out. But really degree choice doesn't matter as much, University Name kinda plays a bigger factor in recruiting as what you will be studying will be a Business degree and there will be a lot of modules from accounting, eco and finance no matter what you choose.

Mar 21, 2022 - 3:36pm
TheDreamofIB, what's your opinion? Comment below:

Thanks for the reply. UTM is University of Toronto Mississauga Campus not Rotman commerce and UofG is University of Guelph. Right now, I'm in the middle of trying to decide if I should go to Ryerson University or McMaster. Also, I wanted to know if having a bcomm in accounting affect chances of getting into IB? Like should I major in finance or accounting?

Mar 21, 2022 - 4:29pm
toja100, what's your opinion? Comment below:

Oh thank you so much I did not know about that. If you did go to Ivey can you give me some insight on how to maintain AEO status for the first two years. I have an offer in hand and I am currently deciding on my university choices. Thank you

Mar 21, 2022 - 3:47pm
canadianibftw, what's your opinion? Comment below:

Definitely an unfortunate situation. I would take McMaster BComm and transfer to Laurier/Schulich ASAP. If you are unable to transfer to either of those two for your 2nd year, McMaster is the best option imo. Join the finance club (DFIC I think), they have a few S&T placements here and there so if you're smart and hardworking it's possible to get in.

Mar 21, 2022 - 4:03pm
TheDreamofIB, what's your opinion? Comment below:

Thanks for the reply! Yep. I'm now planning to do the commerce program at McMaster. Btw people told me that majoring in accounting is better at McMaster. Is this true? Or should I just major in finance if I wanna get into investment banking?

  • Teller in Non-profit
Mar 21, 2022 - 4:41pm

I'd just try to get into Ivey HBA in your 3rd year, rebrand, and get into IB. Uphill battle from those schools but seen it done. Stay patient/positive as you could still make it.

Mar 22, 2022 - 10:05pm
stout98, what's your opinion? Comment below:

First and foremost, before you even think of IB, the best advice I could give is to have fun the rest of high school and then get to university and make good friends.  Only focusing on banking all of university will make life horrible, so HAVE FUN.

In terms of your schools, people on this website will have a lot of opinions but overall, the schools you got into don't have a great history of IB placements (but that doesn't mean it is impossible).  For better numbers, I would take a look at peak frameworks "Canadian Target School List (Using Data)", it is a decent resource from a year or two ago that looked at where schools placed (no surprise Ivey was about 100% better than 2nd place).  Looking at that you can see that the 4 schools you mentioned combined for only ~10% of Canadian market share.  Either way, if you network your heart out, join the right clubs, learn the right things, you'll do fine.  The hard work just might not lead to coveted BB/EB placements in the NYC.

Mar 22, 2022 - 10:17pm
TheDreamofIB, what's your opinion? Comment below:

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