Question for Ivey HBA Students
I am considering transferring to Ivey, I had a few questions for current students.
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When transferring into Ivey from another program, how do recruiters (for summer analyst spots) look at your grades? Do they look at only your HBA1 grades (from 1 semester), or do they also look at your cumulative average from the first two years. How hard would it be to score 85% or distinction (top 10%) level.
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How is the on-campus recruiting going. I am primarily transferring to enter I-Banking, but if opportunities are drying up, I might as well stay.
Thanks in advance.
bump. anyone?
I'm a graduate so I'll try to help. 1. Recruiters generally look only at your HBA marks. It is a nice bonus to have great marks before HBA, but no one really cares. 2. How hard is it to get into top 10%? Well, that depends how smart you are and how hard you work. 3. I hear that recruiting is still ok. U.S. recruiting is down but Canadian offices are still hiring. My bank took more Ivey students back for 2nd rounds than any other school.
I heard US recruitment at Queens/Ivey doesn't exist anymore.. CLS63 transfer to Wharton.
hey, i'm in hba1 so i'll tell you what i know.
Firstly, they do look at your hba1 marks. first two years are not too important. however, you better know what you're talking about during the interviews. marks matter, but it only gets you the interviews. a person with an 88% average was unsuccessful getting an ib job.
secondly, getting an 85% is not that easy. to put that into a perspective, a person with an average of 85% in econ (for first and second year) can get 78% average because of contribution. A friend of mine received 39 or 40 on her MCAT and her average was in the high 80s. To have received 39 or 40 on your MCAT means that you're quite the genius. Honestly, you have to be really bright or, somewhat bright AND WORK REALLY HARD in order to get the 85%+.
Lastly, american ib firms still come to ivey to recruit, although they have taken less students compared to last year for the US positions. And they are paying less. CS LA paid out $45k over 10weeks of internship last year. This year, they're paying out $30k for the same job. In my section, about 10% of the students have landed ib internships.
If you're the top 10% of your current program, you may be able to get the 85% average. If you're seriously considering a career in IB, you better know what the industry is about, the basic techniques analysts use, and the "correct" ways to answer interview questions.
lol wut? 45k prorated for 10 weeks is $234,000 annual salary 35k is about $182,000 annual salary what you smoking son?
Is 85%+ a "requirement" to get iBanking interviews? I assume you can have an 83-84% with a stacked resume and still get in but I'd like clarification.
Hahaha you want a guaranteed cut off, as in if you don't get above 83% you will definitely not get any interviews? How is anybody supposed to answer that question?
True, impossible, but I'm trying to figure out whether or not some of the kids getting "everything" have lower than 85.
No summer analyst will ever get $45K over 10 weeks.
people like plee should be banned from the site for being so uninformed and spewing so much bullshit.
You guys should really know what you're talking about before you call bullshit on the "uninformed". Plee knows what he's talking about.
BTW, CS still does 1.5x OT. Do the math on 100+ hours/week.
maybe it's OT?
CS SF and LA used to (not sure if presently the case) paid OT of 1.5 time and 2x above certain hours. This resulted in home pay for summer analysts of roughly 30-45 k, pre-tax during busy years.
CS NY paid .5x time above certain hours.
So CS NY pays you less than your normal wage for overtime?
The CS LA/SF stuff in unbelievable but 100% true. Their summer analysts absolutely clean up.
Is this a joke or are you really serious. 45 k over 10 weeks? Come on on.
Is this a joke or are you really serious? 45 k over 10 weeks? Come on on.
I don't know about 45k but I can confirm 35-40k.
I graduated a few years ago but based on my HBA1 experience, 84% + got you most interviews but it obviously depends on your experience. There were guys with an 80% that got alot of interviews if they had good experience and great extra currics. Heard the American banks are still recruiting at Ivey but to a lesser degree. If banking is your end goal, its hard to name a better school in Canada to achieve this although Queens and McGill are highly respected in Canadian banking circles.
If you have an 84+ but not so good (ex. 80-82) pre-Ivey grades, is that a disadvantage? What if you're applying to MBB or top-tier ibanks?
You’ll need to explain why you have those marks. MBB requires a high GPA (3.9/4.0), you won’t get a look without networking.
Based on the resumes I screened for this summer, they have changed the marking scale. 88% is the new 83-84%...bottom line is that being in the top 10% of your class helps a lot. Top-25% is ok. There isn't a formal ranking but when you see 80 resumes and need to choose 8-12 you figure it out pretty quickly.
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Can someone explain this CS LA/SF thing? Why would it be exclusive to that state? Why wouldn't the NY office pay the same?
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