Canada: Master in Finance to break into investment banking (Pre-experience)

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Rank: Chimp | 13

Hi everyone! I am from Morocco and I want to break into investment banking in Canada. I will graduate from a buz school next year (GPA 3.8+, one year exchange in UT & uc3m) and I want to pursue a Master in Finance program in Canada to help me land a job in IB. Do you think it is common? If yes, then which MF programs would you advise me?
Thank you!

Comments (19)

Jun 11, 2018

Not sure if it's common. As for the schools I heard Rotman's MFin isn't bad!

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Jun 11, 2018

Some of the better masters in finance programs in Canada tend to be part-time, rather than full-time, with Rotman being the best of these programs. It is geared towards those that are already in the finance industry. It will be difficult, if not impossible, for an international to break into investment banking in Canada from a part-time program with no IB experience.

The size of the IB space in Canada is very small compared to the U.S. and many Canadian banks hire more at the undergraduate level from schools such as Ivey and Queen's.

The full-time MBA at Rotman may offer the best opportunity to break into finance in Canada given the strength of the school and the ability to have an internship. But again, the number of post-MBA investment banking opportunities is very small, so I would suggest approaching the investment in the MBA based on gaining employment in some other area of finance that would be more likely than IB (corporate finance, risk management etc.)

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Jun 12, 2018

Insightful Answer, thank you! :D

Jun 12, 2018

Breaking into IB with MSF in Canada is hard, not to mention that there are small number of IBDs as compared to the US, because they have A2A culture like they have in London.

Even at MBA level, there's not much IB recruitment and most of their top MBAs are geared towards consulting.

The most easiest area to break into is, in finance, is research in Canada IMO.

But IB is not impossible but you'll have to work extra hard and build personal relationships with bankers and you might get lucky and get an interview.

The best choice for you would be to wait, gain experience in finance in your country and go a top MBA in Canada which is obviously Ivey. Thing is that schools have stronger connections at MBA level and I see some top Canadian banks on their employment report.

Hope this helps.

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Jun 12, 2018

The thing to keep in mind is that Ivey is a 1 year program whereas Rotman's MBA is 2 years and therefore offers the opportunity for internship, which is critical for someone with no IB experience.

Another point to consider is that Canadian employers tend to be conservative and will value Canadian work experience over that gained in foreign countries.

Jun 18, 2018

Tons of Indians and Chinese are at Toronto banks who didn't have canadian experience. So you statement is baseless

Jun 12, 2018

Why Canada? Definitely aim for the US if you can as there isn't much opportunity here in IB compared to the US.

Jun 12, 2018

I think Canada is better since I can become a permanent resident. It eliminates the work visa constraints.

Concerning the US MF programs, I am only considering those with STEM designation such as Marshall Business School in Los Angeles, CA.

Jun 23, 2018

MIT's & Vanderbilt's M.S.F.s are also STEM-certified. (just in case you might have missed it :))

Jun 12, 2018

Thank you guys for replying! Your answers are enlightening.

Jun 13, 2018

This is very uncommon in Canada. For pre-experience programs, your best bet would likely be McGill's Master of Management in Finance or Laurier's MFin Co-op. McGill is generally regarded as the bigger target school, but Laurier is very strong within Ontario (where most of the jobs are anyway) and the co-op is huge. In your shoes I would be aiming for Laurier co-op (much safer bet to land a good position, cheaper), but I hear admissions are extremely competitive for the co-op stream.

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Jun 13, 2018

I work in FO Finance in Toronto. If you want to break into IB or S&T in Toronto with a masters degree (Pre-Experience), your two best bets are

1) Master of Financial Economics at Rotman / U Toronto

2) Masters of Mathematical Finance at U Toronto (Almost guarantees you an internship and is really cheap, but is very quant oriented)

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Jun 17, 2018

There is another Msc in Risk Management or something similar at UoT isn't it?

Jun 18, 2018
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