11/28/12

I'm a senior in high school thinking about where I should go for College. I'm originally from Toronto but moved to Detroit in middle school. Right now, I'm trying to decide whether or not I should go to school in Canada. I'm hoping on getting in to the University of Michigan and going to Ross but in case I don't get in, I would like to go to the University of Toronto. I wanted to know if American consulting firms actually recruit people from the University of Toronto. Also, how is the consulting scene in Canada? How does salary, competitiveness, and lifestyle differ? Thank you.

Comments (24)

11/28/12

Where do you eventually want to work? It'll be easier to get a job in the U.S. if you go to school in the U.S., and easier to get a job in Canada if you go to school in Canada.

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11/28/12

asiamoney:
Where do you eventually want to work? It'll be easier to get a job in the U.S. if you go to school in the U.S., and easier to get a job in Canada if you go to school in Canada.

That's something I would have to decide. I'm not one hundred percent sure yet. I grew up in Canada but I also love it in the United States. The main deciding factor would be if a consultant lifestyle and salary was significantly worse than in the United States. Do you have any insight to this? Thanks.

11/28/12

I think that salaries at McKinsey in Toronto versus McKinsey in U.S. regional offices (non-NYC) should not be too different, for instance, though there may be some gap. However, the thing is that there are simply a lot more good consulting opportunities available in the U.S. than in Canada overall due to the market size. Not all good firms have a substantial presence in Canada/recruit heavily.

As well, while it may be possible for you to recruit at a U.S. school and get placed in a Canadian office for MBB if desired (easy for them to do since they're flexible and you already have Canadian citizenship), it will be very hard to land a U.S. role from a Canadian school, though many try to.

Basically: if you can get into a target or semi-target U.S. school and succeed well academically, you will have many more options overall than if you go to school in Canada. If you don't get in, then I think you would be best served by going to a top-tier Canadian school (Queens/Ivey). I've actually heard some negative things about recruiting opportunities from University of Toronto in comparison with Queens/Ivey but have no basis to confirm that myself.

11/29/12

asiamoney:
As well, while it may be possible for you to recruit at a U.S. school and get placed in a Canadian office for MBB if desired (easy for them to do since they're flexible and you already have Canadian citizenship), it will be very hard to land a U.S. role from a Canadian school, though many try to.

This is exactly true. HUGE uphill battle to get put through the process with a US office if you're recruiting in Canada.

Also regarding recruiting UofT, firms will go to campus, but won't extend too many offers. Toronto offices for MBB are generally ~80% Queen's + Ivey.

Regarding lifestyle...I think lifestyles are fairly consistent based on geography. East coast works harder than west coast. People in Chicago are happy.

11/29/12

asiamoney:

Basically: if you can get into a target or semi-target U.S. school and succeed well academically, you will have many more options overall than if you go to school in Canada. If you don't get in, then I think you would be best served by going to a top-tier Canadian school (Queens/Ivey).

Which American schools would you say are semi-targets? I don't know anyone in consulting and my counselor at school doesn't know much about consulting either. Thanks for the help.

11/28/12

To be honest, you should make sure to apply to all the best schools in both the U.S. and Canada, as well as enough back-ups, wait for results, and then people will be able to give you more specific advice on which options will offer you the best recruiting opportunities. I know the whole college app thing is very stressful... good luck!

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11/28/12

I've worked with several Canadians based out of US offices on casework (MBB), all of them either graduated from Ivey, or Queens. Again, small sample size. For what it is worth, been to the Toronto office, and most of them graduated from one of those 2 schools, or some US schools (the usual suspects).

11/29/12

just think if where school you really want to enroll and after that you can decide where you are going to apply for work. Surely you apply right on the area where you lived or study to get the best job ever for yourself.

11/29/12

Let's back up here.

You're in high school. Relax and apply to all the best schools you'd want to go to, and worry about landing a job in 3 years.

11/29/12

If you are unsure, UoM is the way to go. Apply to other US schools in addition to UoT and see what happens. If you get multiple offers, then worry about it.

11/29/12

The MBB in Canada recruit largely from Queen's Commerce and Ivey's HBA (for Toronto jobs), and to a lesser extent from McGill and HEC Montreal (primarily for BCG and McKinsey's Montreal offices). Both UBC and UofT also get a few spots, though both are far less consistent.

While you can certainly get an MBB job in Canada with Michigan, offices is Canada have a significant number of alumni from the schools listed above, thus limiting networking opportunities. Also, Queen's or Ivey, at the undergraduate level, are arguably better business schools.

12/5/12

If you want to land MBB in Canada then you must got to the the true US MBB targets such as HYPSMW or other top schools such as Dartmouth, Duke or Brown to have the best shot at MBB in Canada. Otherwise, queens or ivey is probably the way to go.

12/5/12

There's some great info in this thread. I can confirm a few things after working as a Consulting Career Advisor at Ivey for 3 years:

- In Canada, Consulting firms primarily recruit from Ivey, Queen's and Rotman. UBC has, in the last 2 years, been running a successful Consulting class / program, and the firms have hired a number of UBC MBA's. The firms are less so recruiting from schools like McGill, Schulich, etc.

- At the MBA level, Ivey consistently had a very strong market share of Consulting offers from 2009 - 2012. They would typically outperform Rotman MBA's with regard to offers. This is based both on my work at Ivey, and speaking with Consulting recruiters/consultants at the Toronto offices.

- I haven't had one Canadian student in 3 years join a US office. This doesn't mean it's not possible, but rather that the US offices are recruiting from target schools in their region, so why would they look elsewhere. On the other hand, the Canadian offices have recruited US students (usually, they are Canadian going to a US school.) So it works one way, but not the other (in my experience.)

My advice would be, at this point, you should focus on getting accepted into a Target school. That will give you the best overall chance of recruiting with MBB. In Canada, yes there are less total offers, but there is also a smaller candidate pool the firms are recruiting from. In the US, there are more total offers, but from a much larger candidate pool. I don't think recruiting in one country vs. the other has any real benefit over the other. But going to a target school has a huge benefit.

12/8/12

It really depend on what type of consulting you are into. If you are looking at management then I would say Ivey or Rotman are good places to be.
I am personally from UofT and I know that AT Kearney, McKinsey, BCG, Bain, Accenture, Deloitte, Z's, E&Y, IBM, PwC all had info sessions and actively recruited from our campus.

However, I am not sure about other firms such as LEK, Monitor, KPMG...

Also, it is true that I don't see that many Canadians joining USA offices. However, I believe it is probable to change offices once you get in. I heard from my friend that, depending on your firm, you can choose to live anywhere in North America, given that you find accommodation on your own. The firms can fly you pretty much anywhere during weekends.

Hope this helps

12/8/12

depends on what firm(s) you are talking about

Bain Chicago's "sister" office is in Toronto

12/8/12

McKinsey has an office in Toronto.

12/8/12

McKinsey, Bain, Boston, Mercer Oliver, Monitor all have offices in Toronto. Consulting in Canada is goood.

12/8/12

Mercer Management Consulting, AT Kearney, ZS Associates, RPO Management Consultants, Secor Consulting, Deloitte, and Capgemini also all have offices in Toronto.

12/8/12

yes... most larger firms all have offices in Toronto

12/8/12

To answer your questions:

1. Very little chance. Big 4 Audit does not translate well into strategy consulting.
2. No. MBA would be better.
3. Cream of the crop. Leadership. High academics. Go-getter. Min GPA - 3.7 is a good threshold, but of course isn't indicative of everyone. Calgary is getting slaughtered with oil prices down and all the clients cutting billions from their capital budgets. Networking is key to getting an interview, as even having a stacked resume and transcript will only get you so far (maybe 1st round). After that, it's up to your personality and case-solving.
4. There are more exact figures floating on the internet, but 70k is a good ballpark.
5. Ivey, Queens, Rotman are dominant. UBC somewhat out west.

12/8/12
12/8/12
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