Canadian Undergrad - Schulich vs Ivey

Hey WSO community!

I've been a lurker for a while now, and I'm having trouble deciding which school to go to (as a lot of people here it seems:p).

My dilemma stems from not knowing what field I want to go in to. I don't want a typical (but safe/secure) 9-5 job. I don't mind the big hours as long as the work is interesting. That's what attracted me towards finance, but I'm doubting my ability at actually landing a job. I know I should be more confident, and I definitely am a hard worker, but the job security and decent pay of accounting makes me think that it'll be good place to start.

Anyhow, the real dilemma is choosing between Schulich and Ivey. I know Ivey has a much better rep in terms of finance, but Schulich has the same rep for accounting. I will also be saving a TON of money by going to Schulich, and I'm not sure if this "edge" Ivey has in finance is worth it. I could also transfer to Ivey in my 3rd year of Schulich if I decide finance is for me.

I was wondering if anyone could comment about opportunities I'd have if i decide to pursue finance at Schulich, and also about the accounting rep at Ivey (doesn't seem worth it for accounting, especially since you don't get all the credits for your CA).

And without being too cliche, what should I expect/prepare to do in University (regardless of the school) if I want to get a good job in finance. I'm definitely hard working and feel I could get at the minimum an A average. Are your softskills all that matter besides good grades and decent ECs?

 

I can't believe how many Canadians there are on this site/ how many people have posted the same topic in a one month span.

1) You're not choosing b/w Schulich and Ivey, you're choosing b/w Schulich and Western AEO, there is a BIG difference because you haven't proven you can pull an 80% average. If you're hardworking you'll get into Ivey when it begins in 3rd year whether you go to York or Western.

2) Your sentiments echo most of the accounting community. Accountants, IMHO tend to be more risk averse. Do some soul searching and decide whether you want to take a risk on a very competitive field and put in the work to get to the top academically and professionally.

3) Yes Ivey is exponentially better but it is a 3-4th year program.

4) Ivey graduates lots of accountants/big 4 employees and you can fulfill CA requirements, but if you're paying 20K+/year tuition IN CANADA, it's less likely you're going to pursue a less high paying career stream

5) In terms of university prep, be prepped to get good marks. In any first year program, excluding maybe engineering/CS, most courses are easy as all get out but the challenge is maintaining a superior work ethic in the presence of mediocrity.

6) Networking is crucial, as are ECs, the advantage of Ivey is that its entrance reqs guage you well for your ability to simultaneously pursue academic/EC/networking goals.

7) Decide whether you want to do business no matter what, if you're at Schulich you will get a BBA, if you join AEO and miss the cut-off you'll be in BMOS and you're pretty much f*cked from there on

‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
 

The other 1500 threads about this subject this week was not enough? Seriously come on Canadian kids how hard is to choose somewhere to goto school.

Ivey places tons of kids in big4 audit yearly, you go back 4months after graduation and get your final credits. Check their career services report.

Schulich is weak for finance/consulting recruiting, that is why your saving a TON of $$$.

 

Don't only equate Ivey=finance. Ivey will train you well across business and you'll have opportunities for other things (consulting, accounting, brand management, whatever you find you like) at Ivey.

Proboscis
 

Sorry :( I saw mainly American schools while I was skimming over and figured most people would've have chosen Ivey over Schulich in a heartbeat anyway.

@ Independent Gestion: Thanks for the great info!

Quick question about Ivey and accounting. Will going back an extra semester (or whatever it is) to get those final credits hinder me in any way?

I think I'll most likely start at Schulich and transfer after second year. That way I won't be screwed if I don't maintain an 80%, I'll have the option of paying low tuition if I decide to settle with accounting, and I'll have something to motivate me to keep good grades/ECs during my first two years.

 
youngb11:
I meant would it affect me in terms of employment (ie. do the accounting firms care?).

I really don't want to be elitist in any way but I don't think if you're a good student you'll have much trouble getting big 4 accounting from any of UBC/UWO/UofT/Queens/WLU. There's nothing wrong with accounting but their hiring volumes are MUCH bigger so the level of competition is correspondingly lower IMO.

‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
 
Independent Gestion:
youngb11:
I meant would it affect me in terms of employment (ie. do the accounting firms care?).

I really don't want to be elitist in any way but I don't think if you're a good student you'll have much trouble getting big 4 accounting from any of UBC/UWO/UofT/Queens/WLU. There's nothing wrong with accounting but their hiring volumes are MUCH bigger so the level of competition is correspondingly lower IMO.

I know, but I meant that since you'll still be in school come recruiting time, will it hinder you in any way?

Last question: Is my "plan" good? Are there are drawbacks of going to Schulich for the first two years (besides the risk of not making it)?

 
Best Response
youngb11:
Independent Gestion:
youngb11:
I meant would it affect me in terms of employment (ie. do the accounting firms care?).

I really don't want to be elitist in any way but I don't think if you're a good student you'll have much trouble getting big 4 accounting from any of UBC/UWO/UofT/Queens/WLU. There's nothing wrong with accounting but their hiring volumes are MUCH bigger so the level of competition is correspondingly lower IMO.

I know, but I meant that since you'll still be in school come recruiting time, will it hinder you in any way?

Last question: Is my "plan" good? Are there are drawbacks of going to Schulich for the first two years (besides the risk of not making it)?

Well I know people who went to Ivey after 2 years, and others who did AEO. Most AEO like'd their decision, you get to study and do whatever you want for 2 years. While being at Queen's/SSB/etc will be much more work and tougher. Likewise UWO residence/student life >>>>> SSB.

Dude recruiting for the big4, is in 1st term of 4th year. You do your add-ons after you graduate or in the summer of your final term. That said most big4 CAs I know from my school or UWO etc, did internships in 2nd/3rd year, so they finished their "recruiting" well before senoir year.

 

I hear a lot of "I'll go Ivey 3rd year" but I'm pretty sure most won't - You get used to the school and joining a new university with new people is a pretty intimidating thing especially if you've become comfortable at your school and carved your own niche.

"Know thyself"
 
immaculatedx:
I hear a lot of "I'll go Ivey 3rd year" but I'm pretty sure most won't - You get used to the school and joining a new university with new people is a pretty intimidating thing especially if you've become comfortable at your school and carved your own niche.

True...which brings me to one last question: Why exactly is Schulich not as good for finance? I know a lot more Ivey grads are working in finance, but the a large amount of Schulichers are set on accounting/marketing.

If I'm mainly looking at Canadian banks (which do recruit from Schulich), would I be at much of a disadvantage if I don't even up transferring? Your school can only bring you so far, but I don't want to end up with a disadvantage because of a dumb decision I made in grade 12.

 

Hic iure cum neque ut ea et in magnam. Inventore reprehenderit odit placeat non voluptate odio quia. Omnis voluptatem praesentium consequuntur laboriosam. Ipsam quia iure enim consequuntur itaque aspernatur illo. Libero dolor consectetur odit corrupti corporis et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”