How good is the Richard Ivey School of Business, really?

I was recently admitted AEO to the Honors Business Administration program at the Richard Ivey School of Business. I am a dual Canadian-U.S. citizen interested in working in the U.S. after graduation and would greatly appreciate it if someone could answer the following questions:

  1. How prestigious is it? How much cachet does the Ivey name carry in the U.S. and internationally? Would you consider it a target or semi-target in terms of U.S. recruitment?

  2. How does Ivey compare to top U.S. targets? If you had to name an equivalent U.S. school, what would it be?

  3. What percent of Ivey students manage to get offers in the United States?

  4. Not explicitly related to Ivey, but I have heard that banks have reduced the amount of students they hire from Canadian business schools due to increasing hurdles they face when sponsoring H-1B visas. Is is true? Given that I am a U.S. citizen, would this even affect me?

  5. This one is for current students and alumni. Did you enjoy your experience at Ivey? How receptive were the alumni when you reached out to them for networking purposes?

Thanks!

 

Check out the post I made about Target Undergraduate Schools in Canada!

  1. Ivey carries a lot of weight in Canada in any business area (finance, consulting, etc.). In the US, Ivey is well-known within the finance industry because of grads who get seasonally recruited and done well. For example, ik some top boutique Private Equity and Hedge Fund firms that hire exclusively ivy league students (such as Wharton undergrads) also have an Ivey guy on the team as the only non-ivy league people. However, outside of US finance industry, it doesn't carry much weight tbh. In terms of US recruitment and access to opportunities, you will have more breadth of opportunities by going to a target in the US.

  2. Not a simple answer. If you are committed to breaking into investment banking in the US particularly, u'll be less likely to do so at Ivey compared to US Semi-Target or Target just because the breadth of opportunities are less (less US companies recruiting there). At Ivey, you will get most of the top investment banks and lower tier banks usually stick with US recruits anyways. Just to give u an example, last year Goldman Sachs Investment Banking took in 9 Ivey students compared with 11 at Wharton. U can't rlly compare Ivey to the ivy leagues in terms of number of students going into Wall Street because Ivey is a business school and a greater percentage of people are inclined to break into finance than at ivy leagues. So it depends on the firms - some firms recruit at Ivey, some don't, some recruit at certain ivy leagues, others don't. Just know Ivey does get some of the top US firms but have very few positions.

  3. About 10%

  4. This idk. Someone else chip? Interested in knowing this as well

  5. I'm a HS senior like u but from what ik, the networking culture at Ivey is the best in Canada. Alumni are extremely receptive and even your peers and upper years are helpful from what I hear. A lot of the top US firms recruit from ivey BECAUSE of Ivey alumni rooting for ivey grads.

 

I applied ED to a Top 10 LAC here in the United States and was accepted, barring me from applying to other US schools. This basically happened because my parents were insistent on me pursuing medicine as a career path. The LAC, although a fantastic school, is by no means a target for finance recruitment. I've considered just biting the bullet by going to the LAC then transferring to a target school after my freshmen year. In Canada, I was accepted to McGill, Trinity College at the University of Toronto, and Ivey, making Ivey and McGill my only really options for a school that had solid finance recruitment. That and an Ivey degree will cost me $100,000 less than any US based degree I could get. Probably too much information, but I hope this explains why I am asking these questions.

 
Best Response
SUPERSAM76:
- Not explicitly related to Ivey, but I have heard that banks have reduced the amount of students they hire from Canadian business schools due to increasing hurdles they face when sponsoring H-1B visas. Is is true? Given that I am a U.S. citizen, would this even affect me?

This wouldn't affect you. I've heard from various companies that they are reducing H1B sponsorships, so it would make sense for banks (not to mention H1B's cost $ and there's plenty of workers available that don't need an H1B - like yourself). This could only benefit you. Being an American citizen with a SSN you wouldn't need Visa sponsorship - Visa sponsorship is only an issue for those who want to work in a country but don't have citizenship.

Just had my trade dispute rejected by Schwab for a loss of 35k. This single issue alone should be a gigantic red flag to anyone who trades on their platform. If they have a system error, and you do not video record your trading (they actually said this), they will not honour their fuck up. Switching everything away from them. Fuck this company.
 

If anything, being an american, you would be at an advantage in the recruiting process. I have heard the networking at Ivey is unbelievable. Also heard the school atmosphere is the best in Canada and most similar in Canada to a big american school.

 

Just another intersting thing i noticed about the culture at Ivey - the culture is really positive and there's a sense of camaraderie even with competition. Maybe it's a canadian thing. I have friends from American business schools like NYU stern undergrad tell me how toxic the competitive culture is. I also have friends from ivy leagues (Wharton included) and they tell me that most peers HATE and frown upon finance gunners (ur seen as try-hard and self-centered if you do stuff like trying to network with goldman alumni).

 

loool no way. You need to be top at least top 5% to have a decent shot at US banking.

Western does really well for Toronto banking though. No, Western does not hold a candle to top 20 schools in the U.S.

Due to recent Visa reform in the US, you will be seeing less and less employers willing to sponsor Canadians. With that being said, if you want U.S., go study at a top U.S. school.

 

Pre crisis, Ivey was one of the top feeder school to BBs (I have seen placement numbers a few times so Google and you shall find) and I know quite a few Ivey grad who went to top BBs and then PE shops. However, most banks stopped sponsoring for Visa post crisis so given hardly any Ivey students are american citizens, placement has really really dropped. Maybe that has changed in the last year of two (I am getting a bit removed from UG recruiting), but I don't think so.

BTW, I know technically employers don't have to sponsor people on TN visas, but the program is so fucked and banks (along with other employers) don't like having to lie about your job title and description.

 

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