Ivey school of business: How Good is it?

LBJ's picture
Rank: Senior Baboon | 199

I want to know what it takes to get into Ivey out of second year in university?

As well considering i want to get into ibanking in Canada or in the states how hard is it to manage a 3.5-3.7 at Ivey? Is the marking fair? Hows the work load compared to other schools in Canada.

How does Ivey stack up against a Wharton or NYU business program in terms of prestige and name brand.

Other questions:

1.Quality of life
2.caliber of students
3.Alumni network

Comments from current Ivey or grads students would be appreciated.

Oh and one last thing, why do people on this board think McGill even comes close to Ivey? I have checked out lots of profiles of canadian banks and private equity shops and almost for one firm the whole team was from Ivey (Onex-Oncap division).

Thanks!

Comments (47)

Dec 27, 2007

they have a pretty good rugby team

Dec 27, 2007

In your case, the best thing would be to a buy a used DeLorean and modify it with a flux-capacitor so that you can go back in time...

Dec 27, 2007

thats not my age. LOL!

Dec 27, 2007

Because McGill as an entire university is rated much, much higher than Western (Ivey) or any other school in Canada in both domestic and foreign rankings. This gets it more name recognition in the United States ("Harvard of Canada" moniker). It therefor recruits better to certain NY BBs than it does to Toronto banks. In Canada your recruiting ops will be better at Ivey because it is in Ontario and has a smaller, more selective Bschool. You'll get interviews everywhere if you're a top student at either.

Dec 27, 2007

Ivey is great in Canada...Wharton or any Ivy blows it out of the water for recruiting. You are far better off being a mediocre student at any top US school...it is SO much easier to get a good banking job. Citizenship issues are also making it difficult to jump to NYC from Toronto.

There have been lots of other detailed threads on Ivey...try the search.

Dec 27, 2007

You know it's funny I was discussing this with a friend of mine who works at UBS who is Canadian. He brought up the following points:

  1. McGill gets recruited significantly for New York positions, so much so that at my friend's alma mater (UVA), the career center tells them to "watch out for McGill graduates"
  2. You are forgetting the age-old Montreal vs. Toronto rivalry. While Toronto may be dominated by Ivey kids, Montreal is dominated by McGill graduates. Venture capital firms in Montreal are stuffed with McGill alumni vs. LBO firms in Toronto. I think it's easy to sit in Ontario and think that McGill is nowhere on the map. It's funny how small finance in Canada is. Did you know there are ~80 investment bankers in Montreal and <400 in Toronto? Puts some perspective on how developed Canada is...btw these statistics are my friend's so they could be totally wrong.

My two cents,
VCMonkey

Dec 28, 2007

I'm just going to be the one to say it....

of course its good, its an ivy!

Dec 28, 2007

Ivey is very good, don't let the other noobies fool you. Ivey places very well in NY and especially LA. KKR has some ivey alums, as does blackstone, and PE has plenty of Ivey action going on. Bear, Merrills (although I'm not sure how exciting that is now), GS NY IBD, MS and plenty of others recruit there. Look at CS LA Lev fin for a primo example of Ivey bringing da noise.

Dec 28, 2007

CS LA Lev fin. would like to take a look.

Dec 28, 2007

Ivey is good (tops in Canada) but Western is garbage.

Dec 28, 2007

haha, you want a link to the CS LA lev fin team make-up??? Dude, can someone get this newbie a clue? I'd like GS TMT NY while we're at it.

Dec 28, 2007
alabinjo:

As well considering i want to get into ibanking in Canada or in the states how hard is it to manage a 3.5-3.7 at Ivey? Is the marking fair? Hows the work load compared to other schools in Canada.

Uh, is the marking un-fair at other Canadian schools?

Dec 28, 2007

in terms of marking at Ivey, you better be good at cases otherwise your marks will most likely take a nosedive since thats what they primarily use.

And about McGill, people on this board view it so highly because the school has an amazing rep in the states. Heck, I think there ibanking recruitment in the US is better then their Canadian recruitment. Whereas, Ivey is good for both, but dominates Canadian recruitment.

Dec 28, 2007

Wow this is actually a thread, rather pathetic.

AM

Dec 28, 2007

i went to harvard undergrad and ill be going harvard business school soon as i finish up my stint at pierce & pierce M&A.

I got accepted into Yale as well, but I didn't really want to be affiliated with that whole Yale thing. You know, a closet homosexual.

We're about to enter a Great Depression.
Don't you want a president who's already dressed for it?

I'm making it up as I go along.

Dec 28, 2007

Funny how no1 got it.

Dec 28, 2007

Funniest part of my internship this summer was all the Ivey kids who asked me what university I went to. When I said "Penn," most had no idea what that was and looked sad for me.

Dec 28, 2007

how is that funny? doesn't the fact that your school is unknown only a few hundred miles away symbolize something about your school's reputation?

Dec 28, 2007
50:

how is that funny? doesn't the fact that your school is unknown only a few hundred miles away symbolize something about your school's reputation?

I think it speaks minimally about the schools reputation and to be honest I wouldn't really care. If anything it says more about the people. Either I'm the man who defied the odds or you're worthless and couldn't do better than someone who went to a school you've never even heard of.

Once you get a job, what school you went to means a lot less than it previously did and your GPA is virtually worthless.

Dec 28, 2007

Haha.

At first I found brisbane's post a bit unbelievable...until I read the following 2 replies.

Dec 28, 2007

I'm currently in Ivey. Graduating in 2010.

Dec 28, 2007

Do you go to Ivey? If so, who cares - it's too late. Just work your ass off and take advantage of all the on campus recruiting opportunities your school offers. If not, try to get into an American school.

Dec 28, 2007

This topic has been talked to death... Yes, Ivey is a 'target', it's not treated like univ of phoenix. But it's no harvard either. It gets exposure to most/almost all of the top and MM banks, and big boutiques (Greenhill, Evercore as of recent, etc.) but to an extent. You might get interviews to offices in mostly Toronto, New York, LA, possibly SF and UK, but probably not the midwest like Chicago..

Some places like to hire ivey kids more than others. Example is CS LA or CS UK. UBS LA used to hire a lot from ivey. Don't know if that's the same case now.

Dec 28, 2007

-

Dec 28, 2007

@ Oracleofmaha - So are you proposing everyone from a target will be fine no matter what? There are only so many positions and this environment is a very unusual circumstance. I know of a lot of kids coming out of 08' and 09' that have still managed to get good jobs on the street from Ivey. Similarly, I know of and have heard directly from alumni at banks that know of students that reached out to them because they interviewed and failed to get positions.

I have seen fellow colleagues from Harvard, Yale, Dartmouth, and then the Canadian schools Ivey and Queens lost their BB jobs, myself included. Times are tough, and your school only plays so much a part to determine where you are and how you'll do. I simply answered the OP's question that yes, Ivey does have a good number of top and mm banks officially recruit there. And I said while it's a 'target', don't expect it to have the same kind of exposure HYPs offer.

Dec 28, 2007

Agree that this topic has been discussed to death. Ivey is a target for Canadian banks and US BB offices in Toronto. Select US and UK offices like to recruit from Ivey, so Ivey can be viewed as a semi-target for U.S. recruiting.
CS LA/SF/UK all like to recruit from Ivey. Less so these days, but historically they have taken a lot of kids.
Goldman always takes a couple for LA/SF/NYC.
Evercore, Blackstone, Houlihan and others also selectively recruit there.
Moelis and UBS would like to recruit but Visa issues make it challenging. Some banks will take a risk on the TN Visa, others won't.

As with all semi-targets, U.S. recruiting is highly leveraged to the economy. i.e. NYC BB's will recruit at main targets such as Harvard/Wharton first before coming to semi-targets.

Dec 28, 2007
CDNmonkey:

As with all semi-targets, U.S. recruiting is highly leveraged to the economy. i.e. NYC BB's will recruit at main targets such as Harvard/Wharton first before coming to semi-targets.

Do you know what the word "leveraged" means?

Dec 28, 2007

Sorry for bringing this up again. I know Ivey's previous reputation has been solid, I was wondering specifically about more recent years. Thanks for the responses!

Dec 28, 2007

hahahaha

KICKIN ASS AND TAKING NAMES

Dec 28, 2007

Levered, leveraged...whatever

Dec 28, 2007
CDNmonkey:

Levered, leveraged...whatever

Patrick, are you sure this guy actually works in finance?

Dec 28, 2007

I still think he works in finance. He is just probably drunk.

Dec 28, 2007

This guy does work in finance, he was president of a shitty investment club at my alma mater. He now works at a no name boutique on Bay Street without any deal flow. If they actually did business, he wouldn't be making posts in the middle of the day, everyday, for the past 2 years.

Dec 28, 2007

I'm a Canadian so I'm just wondering whether paying 50k (5k first two years, 20k last two years) for Ivey is better than going to the US and paying 200k (50k per year)? Personally, I think its worth it considering so many doors are opened at targets. I was wondering about other peoples' opinions though.

Dec 28, 2007

First of all the top schools in the USA offer need blind aid to Canadians (note that some such as Brown and Stanford do not offer aid to Canucks).

That being said I think it depends on the US school. HYP, Wharton, Cornell AEM are all great schools with enough cachet to open far more doors than Ivey. Not only do they offer a top notch education, but they also truly have global prestige (something Canadian universities lack).

If money is not a concern, or if you get accepted to a US school with a great financial aid program, go to the US school if it's ivy league/MIT/Stanford.

If money is a concern do what makes sense financially for your parents and for yourself. Work your butt off at Ivey or Qcomm and land a top job. If you still yearn for that prestige go for an MBA or graduate degree at a top US school that is worth the money.

Anyways this shouldn't be on your mind until you get actual decision letters.

Dec 28, 2007
PG:

First of all the top schools in the USA offer need blind aid to Canadians (note that some such as Brown and Stanford do not offer aid to Canucks).

That being said I think it depends on the US school. HYP, Wharton, Cornell AEM are all great schools with enough cachet to open far more doors than Ivey. Not only do they offer a top notch education, but they also truly have global prestige (something Canadian universities lack).

If money is not a concern, or if you get accepted to a US school with a great financial aid program, go to the US school if it's ivy league/MIT/Stanford.

If money is a concern do what makes sense financially for your parents and for yourself. Work your butt off at Ivey or Qcomm and land a top job. If you still yearn for that prestige go for an MBA or graduate degree at a top US school that is worth the money.

Anyways this shouldn't be on your mind until you get actual decision letters.

This answer should be bookmarked and referenced anytime these Ivey/Queen's vs. US Schools questions come up again.

Dec 28, 2007

I know that attending a target in the US is ideal if I want to pursue a major in business/finance/economics and a career in investment banking. However, if I wanted to get a degree in engineering and wanted to end up in IB, would it provide as much value as going to the US as opposed to pursuing engineering at Waterloo (with co-op of course). Is an engineering degree more commoditized?

I'm mainly considering Engineering @ Waterloo, Business @ Ivey/Queens, or US IB targets for business/economics (although I doubt I will get in).

PG - There we go, I changed it. I haven't developed the mad proofreading skills of an Ibanker yet.

Dec 28, 2007

I think Canadians need to fight abit harder to break down doors, even at Ivey/Queen's. But, once that happens, then you, like anyone else, make it for yourself and your degree doesn't really matter. If you're good, you're good and people across the street will notice and want to hire you on. I suggest a MSc or MPhil at LSE/Oxbridge as a way to top up your education and have a global brand name for the banks. That'll give you a nice avenue, plus some cache long term.

Dec 28, 2007

Waterloo engineering will pigeon hole you in engineering jobs. Their co-op is designed to focus students in engineering roles by the latter years of their university career. If you want an engineering education and a degree that will really help you get banking jobs go to the ivy league/MIT/Stanford.

"although I doubt I will get in, although I usually doubt a lot of things that end up happening" rofl...

Btw ratul it's cachet not cache. This is why I love the SAT system in the states. Top American students have such a better grasp of vocab and grammar compared to that of top Canuck students.

Dec 28, 2007
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Dec 28, 2007
Dec 28, 2007