My background is 3 years of BB IBD outside US now considering doing MBA at Ivey (rationale is family is moving over to Canada).
What's Ivey's reputation of sending MBA grads to Bay Street? Which firms (both sell and buy side) would hire?
Appreciate comments from those with relevant knowledge and/or experience.
Heres their employment report for 2016
https://www.ivey.uwo.ca/cmsmedia/359927/iveymba-permanent-employment-re…
I would stick with either Ivey or Rotman MBA. Both are good. I think Rotman is slightly better. You do have experience so you will have a good chance of landing an IB job from IVEY or Rotman
I would avoid Ivey if you want to do banking. The structure of the Ivey MBA really hurts it for finance recruiting. I think it's like a 16 month program with no break over the summer, meaning no opportunity to do a banking internship.
I go to Ivey currently (not the MBA program) and one of my profs said that most people that want to do Finance post MBA in Canada will either go to Rotman or Schulich.
With your 3 years of BB IBD combined with Ivey's presence on Bay Street you should be able to get your foot in the door for IBD, assuming you network. Buy-side in Canada is significantly smaller than the US buy-side, the later being the most discussed on this forum. It looks like the largest (AUM and headcount) buy-side funds didn't hire an Ivey MBA grad based on my cursory glance at the employment report. I don't think this is a reflection of the Ivey MBA, but just the buy-side opportunities in Canada in general, specifically in the GTA. Hopefully this helps, PM if you want further details.
will pm you. thanks
I would recommend that you go to Rotman. The internship at Rotman is a big differentiator (Ivey doesnt' have an internship option). In the last 3-4 years, >80% of all associate level IBD positions have gone to Rotman grads with the rest going to American Schools/Ivey/Others
(Disclaimer: I went to Rotman for my MBA)
thanks guys. i still can't get my head around of having to do an internship at this point, given by the time i do go do the mba, i will have become at least a 2nd year associate already (e.g. pulling comps (which i've currently delegated to my juniors...) for a full time associate who might be a few yrs younger than me? come on...)...but let me have a thought on this, for the sake of getting a full-time in the end anyways
I second all those who have said avoid Ivey. I know someone who is currently completing their MBA at Ivey and said recruiting this year overall (not just Finance) was just terrible and the stats they post are very inflated.
Rotman > Ivey
At Rotman, my cohort had a few ex bankers who had IBD experience in India/China/Middle East, but they didn't have as much of an edge over others with no banking experience. That's why I'm saying the internship at Rotman would help vis-a-vis Ivey.
i work for first world banks (likes of baml, jpm) in a non-first world but developed economy (likes of singapore).
Don't know diddly squat about Canadian universities but I've run into three BB analysts now that are recent graduates from Ivey so I suspect that it has a great program.
Ivey HBA (undergrad) is very different from Ivey MBA with regards to the caliber of students (higher on avg for HBAs) and caliber of recruiting opportunities (much greater for HBA vs MBA). For example - BBs (both local and US offices) and EBs recruit from Ivey HBA. PE opps from pensions, and some large/Mega funds like Silverlake can as well.
Ivey MBA’s 1+ yr program (formerly 2 yr) makes it difficult for career switchers (without prior banking or very relevant backgrounds coming in) that are interested in banking. I have to give kudos to Rotman for taking advantage of this switch. Without the summer internship in IB, it’s tough for career switchers, and banks like having the summer to test out their potential FT hires.
Where I’ve seen a lot of Ivey mba’s go is actually consulting (local offices for MBB’s and tier 2s like Accenture).
PM me.
Source: Recent Ivey MBA grad.
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will pm you.
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