London VS Toronto, which would be better in the long term?
Hello everyone. I really need help in deciding in which direction I shud push forward. Apologising earlier for the long post and thanks in advance for reading it :)
So quick background I am an ACCA (for those who don't know what that is it's like being a CPA in US/Canada), I am currently working in Audit for the past 1-year as an Advanced associate at EY (it is a big 4 in accounting firm). I am going to write my GMAT soon but can say I am aiming to get 700+ (which I think I can get), I also hold two Bachelors degrees one from my home town Hyderabad from Osmania University, India in International finance and accounting with a 3.90 GPA another one is from Oxford Brookes University (this is a special degree that is available to ACCA people by giving a research paper) and I have a masters degree from the University of London in Professional Accounting (the same case as Oxford Brookes degree but take about a year to complete). I turned 23 years old this year.
So, my question is, I wanna get into Private equity or start with IB then PE. But I am confused about in which city to pursue this, Toronto ticks many boxes for me like inpolicy, living conditions, inclusion etc..(you know the usual). but the main drawback I feel is lower pay, fewer opportunities, and higher tax rate, always better to have a business in Canada for a higher quality of life than employment income. Now London has better job prospects better pay compared to Toronto and with my current qualification, I will be a competitive candidate (as ACCA is not much recognised in Toronto and all my other qualifications are of UK). Now I know as an immigrant I can't just walk in a country and get a job in an industry like this hence that's why I am going to a B-school if I decide to pursue London I am aiming for London business School (LBS) will do a master in financial analysis (won't qualify for an MBA but will do one in future) a course designed for early-career people to get in IB and PE industry. If I choose Canada I will go for the Rotman MBA program since it doesn't require 2 years of experience (Rotman is one of the biggest MBA programs in Canada)
So this me wanting to migrate from India and also work in PE.
So do you think I shud go for Toronto due to the welcoming immigrant nature and the comp is not really that bad and I will manage, its a better city for starting a family, or I shud go for London cause better opportunities/pay and better synergy of my existing qualification would give me edge over other applicants and all this overlooks the racism in London, an expensive city, small country size etc and lower economic growth? Cause studying in these B-school are expensive and I feel I have a better chance of getting a hefty scholarship in the UK compared to Canada. The third option I am considering since I am relatively young go to London earn get experience in the field and if I don't feel like living there bounce with 7-10 years exp to Canada cause if I choose Toronto first then I cant go back to London option, but if Toronto is not that bad I prefer not spending 7-10 year in a country where I won't be living in. what are your views?