Canadian Target Schools Ranked By Detailed Global Placement Data

Let me begin by providing a brief summation of the data I have collected through LinkedIn and other sources, in addition to asking contacts across the world (in casual conversation) to verify key components. 

I will only include schools in Canada that have placed more than 30 students in IBD from 2016-2021, as there are too many universities in Canada to gather data on all of them.

Data sets are broken down into majors (business, arts, sciences, engineering, other), geographical location, as well as roles (IBD, S&T, AM, VC, PE, ER) in high finance, with an emphasis on IBD (the main role undergraduates are gunning for). Summer analyst roles, spring weeks, off cycle internships and other equivalents are not included, but PAST full time roles are included.

1 - Queen's University (Smith School of Business)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 533
  • Number of undergraduates who graduated in 2016-2021 in IBD: 173
  • Number of undergraduates who graduated in 2016-2021 in S&T: 243
  • Number of undergraduates who graduated in 2016-2021 in ER: 58
  • Number of undergraduates who graduated in 2016-2021 in Other: 59
  • % in IBD majored in Business/Commerce: 31%
  • % in IBD majored in Arts (Economics, History, Philosophy, etc): 22%
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc): 21%
  • % in IBD majored in Engineering/Computer Science: 14%
  • % in IBD majored in Other (Nursing, Education, etc): 2%
  • % in IBD majored in Dual Degree/Double Major: 9%
  • % in IBD in Canada: 64%
  • % in IBD in USA: 23%
  • % in IBD in Europe: 6%
  • % in IBD in Asia-Pacific: 4%
  • % in IBD in Emerging Regions: 2%

2 - McGill University (Desautels School of Management)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 479
  • Number of undergraduates who graduated in 2016-2021 in IBD: 182
  • Number of undergraduates who graduated in 2016-2021 in S&T: 204
  • Number of undergraduates who graduated in 2016-2021 in ER: 41
  • Number of undergraduates who graduated in 2016-2021 in Other: 52
  • % in IBD majored in Business/Commerce: 34%
  • % in IBD majored in Arts (Economics, History, Philosophy, etc): 13%
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc): 24%
  • % in IBD majored in Engineering/Computer Science: 12%
  • % in IBD majored in Other (Nursing, Education, etc): 3%
  • % in IBD majored in Dual Degree/Double Major: 26%
  • % in IBD in Canada: 56%
  • % in IBD in USA: 30%
  • % in IBD in Europe: 11%
  • % in IBD in Asia-Pacific: 2%
  • % in IBD in Emerging Regions: 1%

3 - University of Waterloo (Conrad School of Business)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 464
  • Number of undergraduates who graduated in 2016-2021 in IBD: 106
  • Number of undergraduates who graduated in 2016-2021 in S&T: 310
  • Number of undergraduates who graduated in 2016-2021 in ER: 25
  • Number of undergraduates who graduated in 2016-2021 in Other: 23
  • % in IBD majored in Business/Commerce: 7%
  • % in IBD majored in Arts (Economics, History, Philosophy, etc): 4%
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc): 27%
  • % in IBD majored in Engineering/Computer Science: 55%
  • % in IBD majored in Other (Nursing, Education, etc): 1%
  • % in IBD majored in Dual Degree/Double Major: 7%
  • % in IBD in Canada: 54%
  • % in IBD in USA: 21%
  • % in IBD in Europe: 2%
  • % in IBD in Asia-Pacific: 21%
  • % in IBD in Emerging Regions: 2%

4 - University of Western Ontario (Ivey School of Business)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 423
  • Number of undergraduates who graduated in 2016-2021 in IBD: 156
  • Number of undergraduates who graduated in 2016-2021 in S&T: 183
  • Number of undergraduates who graduated in 2016-2021 in ER: 42
  • Number of undergraduates who graduated in 2016-2021 in Other: 56
  • % in IBD majored in Business/Commerce: 61%
  • % in IBD majored in Arts (Economics, History, Philosophy, etc): 22%
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc): 9%
  • % in IBD majored in Engineering/Computer Science: 6%
  • % in IBD majored in Other (Nursing, Education, etc): 0%
  • % in IBD majored in Dual Degree/Double Major: 2%
  • % in IBD in Canada: 62%
  • % in IBD in USA: 27%
  • % in IBD in Europe: 3%
  • % in IBD in Asia-Pacific: 7%
  • % in IBD in Emerging Regions: 1%

5 - University of British Columbia (Sauder School of Business)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 308
  • Number of undergraduates who graduated in 2016-2021 in IBD: 126
  • Number of undergraduates who graduated in 2016-2021 in S&T: 92
  • Number of undergraduates who graduated in 2016-2021 in ER: 38
  • Number of undergraduates who graduated in 2016-2021 in Other: 72
  • % in IBD majored in Business/Commerce: 28%
  • % in IBD majored in Arts (Economics, History, Philosophy, etc): 11%
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc): 32%
  • % in IBD majored in Engineering/Computer Science: 18%
  • % in IBD majored in Other (Nursing, Education, etc): 5%
  • % in IBD majored in Dual Degree/Double Major: 6%
  • % in IBD in Canada: 39%
  • % in IBD in USA: 32%
  • % in IBD in Europe: 2%
  • % in IBD in Asia-Pacific: 24%
  • % in IBD in Emerging Regions: 3%

6 - University of Toronto (Rotman School of Management)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 295
  • Number of undergraduates who graduated in 2016-2021 in IBD:
  • Number of undergraduates who graduated in 2016-2021 in S&T:
  • Number of undergraduates who graduated in 2016-2021 in ER:
  • Number of undergraduates who graduated in 2016-2021 in Other:
  • % in IBD majored in Business/Commerce:
  • % in IBD majored in Arts (Economics, History, Philosophy, etc):
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc):
  • % in IBD majored in Engineering/Computer Science:
  • % in IBD majored in Other (Nursing, Education, etc):
  • % in IBD majored in Dual Degree/Double Major:
  • % in IBD in Canada:
  • % in IBD in USA:
  • % in IBD in Europe:
  • % in IBD in Asia-Pacific:
  • % in IBD in Emerging Regions:

7 - University of Calgary (Haskayne School of Business)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 232
  • Number of undergraduates who graduated in 2016-2021 in IBD:
  • Number of undergraduates who graduated in 2016-2021 in S&T:
  • Number of undergraduates who graduated in 2016-2021 in ER:
  • Number of undergraduates who graduated in 2016-2021 in Other:
  • % in IBD majored in Business/Commerce:
  • % in IBD majored in Arts (Economics, History, Philosophy, etc):
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc):
  • % in IBD majored in Engineering/Computer Science:
  • % in IBD majored in Other (Nursing, Education, etc):
  • % in IBD majored in Dual Degree/Double Major:
  • % in IBD in Canada:
  • % in IBD in USA:
  • % in IBD in Europe:
  • % in IBD in Asia-Pacific:
  • % in IBD in Emerging Regions:

8 - Simon Fraser University (Beedie School of Business)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 172
  • Number of undergraduates who graduated in 2016-2021 in IBD:
  • Number of undergraduates who graduated in 2016-2021 in S&T:
  • Number of undergraduates who graduated in 2016-2021 in ER:
  • Number of undergraduates who graduated in 2016-2021 in Other:
  • % in IBD majored in Business/Commerce:
  • % in IBD majored in Arts (Economics, History, Philosophy, etc):
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc):
  • % in IBD majored in Engineering/Computer Science:
  • % in IBD majored in Other (Nursing, Education, etc):
  • % in IBD majored in Dual Degree/Double Major:
  • % in IBD in Canada:
  • % in IBD in USA:
  • % in IBD in Europe:
  • % in IBD in Asia-Pacific:
  • % in IBD in Emerging Regions:

9 - York University (Schulich School of Business)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 124
  • Number of undergraduates who graduated in 2016-2021 in IBD:
  • Number of undergraduates who graduated in 2016-2021 in S&T:
  • Number of undergraduates who graduated in 2016-2021 in ER:
  • Number of undergraduates who graduated in 2016-2021 in Other:
  • % in IBD majored in Business/Commerce:
  • % in IBD majored in Arts (Economics, History, Philosophy, etc):
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc):
  • % in IBD majored in Engineering/Computer Science:
  • % in IBD majored in Other (Nursing, Education, etc):
  • % in IBD majored in Dual Degree/Double Major:
  • % in IBD in Canada:
  • % in IBD in USA:
  • % in IBD in Europe:
  • % in IBD in Asia-Pacific:
  • % in IBD in Emerging Regions:

10 - Wilfrid Laurier University (Lazaridis School of Business and Economics)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 92
  • Number of undergraduates who graduated in 2016-2021 in IBD:
  • Number of undergraduates who graduated in 2016-2021 in S&T:
  • Number of undergraduates who graduated in 2016-2021 in ER:
  • Number of undergraduates who graduated in 2016-2021 in Other:
  • % in IBD majored in Business/Commerce:
  • % in IBD majored in Arts (Economics, History, Philosophy, etc):
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc):
  • % in IBD majored in Engineering/Computer Science:
  • % in IBD majored in Other (Nursing, Education, etc):
  • % in IBD majored in Dual Degree/Double Major:
  • % in IBD in Canada:
  • % in IBD in USA:
  • % in IBD in Europe:
  • % in IBD in Asia-Pacific:
  • % in IBD in Emerging Regions:

11 - McMaster University (Degroote School of Business)

  • Number of undergraduates who graduated in 2016-2021 in High Finance (total): 91
  • Number of undergraduates who graduated in 2016-2021 in IBD:
  • Number of undergraduates who graduated in 2016-2021 in S&T:
  • Number of undergraduates who graduated in 2016-2021 in ER:
  • Number of undergraduates who graduated in 2016-2021 in Other:
  • % in IBD majored in Business/Commerce:
  • % in IBD majored in Arts (Economics, History, Philosophy, etc):
  • % in IBD majored in Science (Physics, Chemistry, Statistics, Geology, etc):
  • % in IBD majored in Engineering/Computer Science:
  • % in IBD majored in Other (Nursing, Education, etc):
  • % in IBD majored in Dual Degree/Double Major:
  • % in IBD in Canada:
  • % in IBD in USA:
  • % in IBD in Europe:
  • % in IBD in Asia-Pacific:
  • % in IBD in Emerging Regions:

Hopefully this provides an accurate perspective in what's happening in Canada in terms of placement recently. These numbers are testaments to the well worn paths travelled by some, as well as the alumni base you will have access to. I cannot speak for the merits of on-campus recruiting, apart from my alma mater and the couple or so schools my family members or close friends went to, but these numbers should speak for themselves. Make your own decisions about transferring or applying.

If anyone has any questions, don't hesitate to shoot me a message.

NOTE: I haven't fully added the data sets for the rest of the schools, I will do so tomorrow when I have the time.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (105)

Nov 17, 2021 - 2:27am

Not too surprising given internships and spring weeks are excluded, also the expected Asia-Pacific tilt by UBC and European tilt by McGill due to international students.

I'll check back when my alma mater, Laurier is out.

  • Analyst 2 in IB - CB
Nov 19, 2021 - 1:08am

2018' Laurier bro checking in - lots of people from my old class are now in IB, I could name 20+ from my class that are now spread across Canada/US at C5/BBs and some that have already moved on to PE roles. Honestly seems like in the last few years Laurier has hit above average, I was kind of shocked to see how many laurier kids went full time IB within 2 yrs of graduating. And I partied and did drugs like fuck during my time there (but also worked hard af and did lots of addy)

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Nov 21, 2021 - 9:45pm

Laurier is not a target school for ibd/consulting. Laurier is known for its co-op business program that allows students to work during the school year. For most jobs its a great program however, investment banks and consultant firms typically don't offer internships outside of the summer. Laurier typically still places people in consulting and ibd but its not nearly as good as Ivey, Qcomm or Mcgill

Nov 18, 2021 - 11:23am

At my high school, a lot of kids chose schulich over rotman when i graduated in 2015, its reputation has plummeted in the past few years to where we had like 20% of our applicant pool being schulich and no one got an interview

Nov 17, 2021 - 2:12pm

Great effort in collecting the data.

For any undergraduate - before basing your decision on what university you are aiming for based purely on finance placements - the data forgets to take two factors into account.

1. placements of each university. Some schools have stronger placements at more recognized and harder to get into firms.

2. The class sizes at each school and the focus area of these schools. Since Queens com is purely a business program for 4 years - students are much more likely to have an initial goal of placing into finance or consulting as opposed to Ivey which lets students do a major of their choice the two first years - and in correlation, to that, it leads to a lot more students being predominantly focused on tech, marketing, and other industry sectors while only using Ivey as a catalyst for both a network and a business education.

Overall although the data is useful there are plenty of other variables that go into a decision on which uni you want to end up going to and graduating from. Besides employment data can take drastic changes over the next four years depending on the macro environment and if we end up seeing continued growth within the finance sector or a crash.

Nov 19, 2021 - 3:56pm

Agreed on this. Any student going to a Canadian business school in this list is more than able to get into a Canadian banks IBD... If you're a strong candidate, none of these schools will be a limiting factor (in 90% of cases). If any students reading have aspirations of going to the US or more boutique firms, it's worth taking a deeper dive. For example, Ivey has a strong pipeline to EVR, Whitehorse Liquidity, Silver Lake, etc.

While undergrad school choice will help/hurt a students ability to get into "high finance" to some extent, it's not going to make or break it. I've seen students from historically lesser known schools (ie. Laurier, Degroote) land spots at places like Credit Suisse, Burgundy AM, Goldman, etc... Most things are possible with some great networking skills.

Nov 20, 2021 - 2:34am

I agree this analysis is a little flawed depending on the audience and what people are looking for (ie to work on the west coast, toronto, or international/apac)

Chances are if you are Canadian, you want to do high finance in Toronto. There is no way UBC/Fraser/Calgary is sending more grads to IB in Toronto than Schulich or Laurier.

It also works the other way around where the west coast recruit directly from west coast schools. Don't go to Fraser or UBC expecting your gonna land an IB job in Toronto that easily, east coast schools are the east coast targets and west coast schools are the west coast targets. If your looking for APAC high finance, clearly a lot of schools are out of the picture, same with going to the US. 

The ranking is different based on individual preferences.

Nov 17, 2021 - 2:21pm

Interesting to see how higher ranked universities (Waterloo, UBC, McGill) has more ibankers who majored in STEM or even arts who aren't even in the business schools, as opposed to lower-tier universities like Queens and Westerns whose only strength are their business schools, thus having like 50% of all bankers who graduated majoring in commerce or business.

  • Associate 1 in IB-M&A
Nov 17, 2021 - 3:20pm

Don't think that's really a fair comparison. I could just as easily say outside of PMF UBC business isn't that impressive so therefore bankers are more likely to come from other programs than commerce. Ivey / Queens also have a fair amount of people doing a dual in business with STEM and other majors. Finally, if you're recruiting from Queen's / Western where all of the top business students are going, why spend any effort recruiting kids outside of those programs? Both schools consistently produce lights out candidates that go on to work at some of the top banks / funds in the US (Ivey sending kids to SLP, Ares, KKR, Point72, Silverpoint, etc., Queens similar with the exclusion of SLP / Silverpoint and the addition of Bridgewater). 

Realistically, if I'm judging the actual quality / outcomes of a school the metrics for me are as follows:

  • What's the average salary for grads - You're spending $$$ at any of the top programs, so what's the ROI relative to other schools?
    • What's the median salary / outcome?
  • What's the best "Top" outcome available to students? And how consistent/how many spots are there? - Obviously PMF is placing lights out, but there's like 6 kids / year and even some of them are only ending up at like RBC M&A
  • What's a top 25% outcome - where are the strong but not savant level people ending up? - There's a difference between working in IBD at a spot in Toronto like Canaccord vs Goldman TMT in NY, and I think most people are aiming for the latter
    • A proxy for this - how many kids are ending up at a global bank (US or Canada or international) in front office IBD? EB? MBB?
Nov 17, 2021 - 4:08pm

Nah Canaccord and GS TMT comp difference at junior levels is like 20% max even accounting for FX. Nobody goes into GS TMT to become a career banker so senior level comp is irrelevant, plus canadians don't exactly have exit opps, so Canaccord is roughly equal to GS TMT for career outcomes based on lifetime comp alone.

  • Analyst 1 in IB - Gen
Nov 19, 2021 - 5:06pm

UBC PMF isn't that impressive anymore, lot of them struck out on recruiting and half their senior class got kicked out of the program. However, regular Sauder has been killing it recently. This year alone sending to Blackstone, Ares, Goldman, Moelis, Evercore, CPPIB, and other top shops.

Strong argument can be made that top UBC students can compete for US offers with Ivey/Queens

Most Helpful
Nov 17, 2021 - 9:44pm

Ivey is basically a shit school for finance/MBB in Canada overall, they do get a metric ton of summer analyst/spring week roles due to established pipelines with MM/boutique shops, but in terms of full-time placement, they suck ass. Ivey kids rarely get a return offer from summer analyst stints, since it's mostly to keep relations with the school.

Ivey kids are severely handicapped by the reputation of their school for producing neither strong candidates nor teaching anything of value, especially compared to Smith, Desautels, Sauder or even Lazaridis, because most shops in North America think the case study method is absolute shit (outside of MBB), as well as having basically only two years of business education. It's reputation domestically and internationally is basically rock bottom, because of the caliber of candidates they churn out.

Summary: Ivey does well for getting you summer analyst roles/other part-time roles, but Waterloo and Laurier knocks it out of the part for off-cycle, Queens, Desautels and Sauder crushes it for full-time placement and Rotman basically reigns supreme in terms of international reputation, especially in Europe and Asia-Pacific.

TL;DR: Don't count on getting a return offer or enjoy prestige/recognition by going to Ivey, and don't count on getting internships before your junior year because no company takes a Western kid whose not in Ivey yet seriously, even if they have AEO. 

Nov 17, 2021 - 10:21pm

Honestly Smith and Desautels (queen's and mcgill) were landing way more seats per capita than Ivey was until a few years back when Ivey poached a few faculty with the serious connections to some boutiques and MMs, which helped their placement. 

Now the tides are shifting again in favor of the old kings, because Ivey's structure makes it a headache and hassle for firms to recruit or even assure top candidates from there.

Nov 17, 2021 - 10:38pm

Haven't heard anyone really say anything positive about Ivey in the US except for a "pipeline" shop in Salt Lake City that takes a couple kids from them a year.

They do decent in MBB though (on par with McGill or UToronto, I'd say).

  • Intern in RE - Comm
Nov 18, 2021 - 7:09pm

Not from Ivey, can't tell if this is sarcasm or not. Every other post ranks Ivey top tier for high finance.

  • Analyst 1 in HF - EquityHedge
Nov 19, 2021 - 9:03pm

not sure where you're getting this info from lol. almost everyone in my graduating class secured a ft spot from their summer term.

ivey has its problems (not really preparing you for recruiting, some people not liking the case method, etc.) but it does produce some top caliber candidates that go to some of the top shops globally.

ultimately recruiting comes down to alumni presence which ivey has in abundance across the U.S. and Canada.

That being said, for most jobs going to any of the top 4 or 5 schools OP mentioned will not really be a major differentiating factor as long as you work hard and network your ass off.

Nov 17, 2021 - 5:07pm

Kudos for gathering the data as it seems like a lot of work has gone into it. As someone who is likely part of the statistic albeit ~4-5 years removed from school, I'm struggling with the "so what" (i.e. the data isn't synthesized in a way where the user can easily extrapolate the key takeaways).

Regarding the data itself, I'd argue that there's inherent sample bias (only includes those within your network / can see on Linkedin). Also, the longer time horizon you look at, the less meaningful the data becomes. The significance of your education (school, GPA, etc.) depreciates over time, as work experience / professional network begins to represent the lion's share of your candidacy. Also keep in mind that majority of people who start in IB / other avenues of sell-side finance (presumably what your data focuses on; the #s for "Other" seems too small to be all-encompassing figure for buyside placements) don't necessarily see it as a means to an end. 

Take a 2018 Ivey grad for example - did 2 years in IB and left to join a MF/MM PE firm, which wouldn't be captured in your data. On the other hand, you have a 2018 grad from Waterloo who did 2 years at KPMG in audit and transferred to IB in 2020, and therefore would become a statistic. 

No perfect way to skin the cat, but my own view is the data should encompass at most 1-2 years from today, and show figures on both an absolute basis (# of placements), and on a percentage basis (i.e. % of a graduating class). Similarly, the undergraduate major is an interesting metric, but again struggling to find a takeaway with the data. If you want to work in finance, there is no downside to majoring in business / finance. You don't get a leg up in IB recruiting by majoring in immunology / industrial engineering, unless you're specifically targeting a coverage group applicable to your major (which really isn't a consideration for SA recruiting).

Nov 17, 2021 - 6:08pm

No perfect way to skin the cat, but my own view is the data should encompass at most 1-2 years from today
 

law of large numbers mr statistics

but i agree with absolute values, although the undergrads here aren't the sharpest crayons and might not understand

Nov 17, 2021 - 6:56pm

I would agree with LLN if it relates to increasing the sample size within a 1-2 year band, but not based on the parameters that OP outlined. The crux of the issue with OP's approach is that the average amount of time someone spends in IB is ~2 years (generalizing but pretty consistent vis-a-vis what you see and hear on these boards / elsewhere), however is only considering someone a statistic if they are still in IB / S&T / ER / etc. today despite potentially being ~5 years out of school.

If you focus on 1-2 years rather than dating back to 2016, the data becomes much more relevant as it's a better representation of the candidate's first placement out of school, which is ultimately what we're trying to get out of this exercise. The correlation between school to placement becomes much more murky once it's your 2nd / 3rd / 4th job out of undergrad.

Nov 17, 2021 - 6:17pm

Honestly I thought the breakdown by major was helpful, because I was under the notion that non-bschool candidates weren't taken as seriously (read: their CVs get thrown in the shredder), as I thought major matters a lot more in Canada, than say the US or UK, for example. But this isn't the case especially when looking at schools with strong programs outside of business (so not Queens or Western). This means all else equal, you can major in engineering/computer science, grind out technicals on your own time and have a lucrative backup career if you strike out during recruiting.

Nov 17, 2021 - 7:17pm

The figures don't really make sense to me at first blush, or maybe I'm misinterpreting it. I went to Ivey and can say that your pre-Ivey undergrad doesn't matter at all - you don't learn anything in business / economics at Western, and your candidacy (or lackthereof) completely has to do with how "plugged in" you are as it relates to extracurriculars, networking, internship experience, etc. In fact, often times engineers are preferred over BMOS / economics students given engineering is a much more technical / demanding undergraduate program (and given how accelerated recruiting is today, kids are getting offers before Ivey even starts).

Having been on both sides of investment banking recruiting, I've never seen outright bias / discrimination against any specific major. I actually think STEM majors are generally sharper than business / finance kids (this is coming from a business major) - it's just up to you to ensure you're up to speed on corporate finance / IB interview prep, and being a rocket scientist won't hand you that on a platter. 

Nov 17, 2021 - 10:30pm

There might be an upside to majoring in business/finance (or at least being in the business school) because of networking events, career centers, etc, which are all hard to quantify the effects of these "soft factors" though

Nov 18, 2021 - 9:26am

I'm super surprised at these numbers. I was told canadian schools are pretty rough for US IBD, yet every school is sending 30+ kids to the states every year. Is the catch that most of these aren't placing BB/EB? Or is it just not as hard to get into IB as I thought?

  • VP in IB - Gen
Nov 18, 2021 - 12:05pm

I don't believe these numbers at all.

I went to UBC and we were definitely not sending 20+ kids into IB per year, more like 10 at best.

Given the number of seats in Canadian investment banking and the difficulty of getting into the US straight out of undergrad, these numbers look massively inflated.

  • Analyst 1 in IB - Cov
Dec 2, 2021 - 6:02pm

McGill sends a lot of kids to the USA every year, as well as Europe. Lots at EBs and BBs in NYC, LA, Houston. Queens sends a ton too.

Nov 18, 2021 - 11:01am

I commend the effort but I don't think your data is entirely accurate. Search up Canada target schools on YouTube and there is already a channel that has a chart of all placements and that is way more accurate than this one.

Nov 20, 2021 - 12:47am

I'm a little surprised laurier is so low, equity research and buyside (they absolutely kill it in toronto for buyside placements) they are a top choice for sure. Waterloo and Laurier, their dual degree sending quants to hedge funds in nyc, like what others have said off-cycle. I've seen some laurier+waterloo go to Citadel/Two Sigma/Jane Street…no other schools in Canada pull those off. Being on Bay st for so long I definitely have seen better pipeline from laurier & waterloo vs schulich/calgary/simon fraser. So laurier looks a little low and deserves more credit, but the others make sense if you factor in oil/gas and Asia pacific. Not sure why all the Ivey hate, but Ivey also deserves more credit, you really can't discount the power of alumni. If we're only talking about Toronto Queens, Ivey, Laurier/Waterloo, McGill definitely the top targets.

Nov 20, 2021 - 2:17am

You are correct, you don't need it. It's really there to stay competitive. From my understanding (one of my good buddies is a quant in nyc now from double degree) technicals are important, but having the business degree is very advantageous in marketing yourself in interviews as well. These firms are looking for the best and the brightest (two degrees will always look better than one) especially if everyone nails the technicals, its a differentiator.
 

I know we're talking IB/high finance placements here and I agree BBA side can be useless, but I definitely gotta say some of the people I see coming out of the double degree program in the past few years have been impressive they cover the entire range of jobs from being Software engineers/Project managers at FAANG/ Quants/ S&T/ IB/ PE&VC/ MBB consulting/entrepreneurs/ M7 MBAs.. depending on the person and what they want. It's amazing how smart some of these double degrees are.

Nov 22, 2021 - 12:35pm

Delectus est rerum corrupti animi amet est. Quas dolorem fugit est sunt velit delectus at. Voluptas sed sint voluptatem optio incidunt. Dolor eos iste accusamus est numquam. Voluptatum nihil id error ea. Molestiae et rerum alias dolor.

Voluptatem error quod officiis distinctio ut amet quod. Et officiis optio est soluta eum. Doloremque fugit soluta laudantium occaecati molestiae eum voluptates nostrum. Non iusto molestiae eligendi placeat sint dolor eum. Rerum sed nam delectus voluptatem quaerat tempore.

Similique est cumque suscipit quo. Incidunt quod ipsum mollitia delectus. Deserunt quasi modi tenetur veritatis nihil voluptatum. Et dolorem dolor maxime temporibus.

Nov 22, 2021 - 12:41pm

Minima aut quod illo excepturi aut architecto. Laudantium deserunt voluptatem in.

Optio mollitia enim aut et aut. Omnis deserunt est deserunt nihil. Molestiae error voluptas enim quaerat. Id voluptate voluptatibus ducimus autem eius dolores officiis. Aliquid aut laborum recusandae doloremque qui ipsum ipsam provident.

Facere commodi itaque ipsa fuga. Quis non dolor est ipsa illo velit at. Corrupti aliquid aliquid et.

Start Discussion

Total Avg Compensation

December 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (236) $235
  • 2nd Year Analyst (145) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (514) $136
  • Intern/Summer Analyst (396) $84