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I think Rotman is a big pull in terms of MBA's. Honestly though, the floor (like most other areas) is not taking on people like they used to.
Rotman seems to be the go to.
Where you at juniormistmaker?
Big 5, big(est) trading op. although I'm not on the floor. I echo the sentiments of other though in that MBA is not a ticket and not many traders are hired as that industry doesn't have the turnover of banking.
i dont get it. i have met a ton of traders since starting, maybe 1 or 2 of 150 have an MBA.
Where are you at protectedclass and seriously? I would expected a much higher number than 2 in 150. What would you say the typical traders background is in?
Chicago
Because an MBA is not essential for trading. Especially in Canada where even TD/RBC hire max 3-5 people per year, very tough for an MBA to compete with BBA/Bmath/MFE/Financial Math/etc...
Anyone currently in the rotational programs at one of the big 5 Canadian banks will tell you that north of 90% of the analysts in the class graduated from Rotman, Ivey or Dalhousie MBA. Unfortunately, this has held true for the past few years and this is particularly the case with RBC and TD.
I'm not a proponent of MBAs, much less Canadian MBAs, but if you really want to break into s&T in Canada, rational judgement based on recruitment statistics would suggest that attending Rotman's or Ivey's MBA would give you the best odds.
Needless to say, I'm thoroughly disgusted with the current state of Canadian s&T recruitment.
In Canada S&T recruitment doesnt differentiate MBA`s from Undergrads unlike in ibanking so in a lot of ways its much more competitive. Definitely at the MBA level Rotman places the most people, but Schulich and Ivey grads get a lot of interviews too (Ivey has a smaller MBA class so presumably has smaller placement numbers). The undergrads are a much wider variety coming from all the top Canadian schools such as Queens, Ivey, UBC, McGill, Schulich, Dalhousie, Rotman etc. All this info is just based on my experience at interviews and final rounds meeting other candidates and speaking to some people in the industry.
Like the poster said above the numbers are small, I think this year RBC took 3, TD 1, BMO ( 0 or 1) CIBC 4, National 5 (includes IB and S&T) not sure about Scotia. This does not include the summers brought back.
Forgot to add to Waterloo and UofT undergrad and MMF and MFE students to the list, very strong programs
Forgot to add to Waterloo and UofT undergrad and MMF and MFE students to the list, very strong programs
UofT MFE places, not MMF or Rotman Commerce, I'm afraid. Waterloo is the best school for trading in Canada at an ugrad level. Scotia did not take any rotational interns last summer. TD also definitely took more than one intern last year.
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