SA 2019 Recruitment timeline for Canadian undergrads to US
Hi WSO, I'm a sophomore currently attending a top target in Canada for US EB/PE/BBs. From speaking to alumni and current juniors going into their summers in the US right now, I haven't been able to establish a clear timeline of recruitment for firms like HL, Mo, EVR, GS. I have been browsing a lot lately but find that kids from HYPSW are getting super days so early as a result of early OCR sessions and better connections to recruiters. This was NOT the case for the junior kids in my program, as their experiences with recruitment started in July. I'm wondering if anyone could clear things up in terms of whether there are actually differences between Canadians recruiting for US shops and Americans recruiting for US shops.
Don't think it's that HYPSW kids are getting interviews early solely because of connections, but mainly because interviewing overall is happening early. Last year for all schools (including HYPSW) interviews started in July, which is why people from your school had that same experience. Would advise you to get on networking/recruiting ASAP - in general, I don't imagine any bank would hold open slots for Canadian students.
Are banks still recruiting Canadians because of issues with the TN Visa?
Yep, as I have already heard sophs getting selected for later rounds to US shops already I assume they are still hiring us lol
which banks? im wondering cuz im canadian too but study in the US
US banks and MF PE firms recruit at Ivey in September, but for the most part each firm only recruits for one or maybe two spots. From alumni at these firms that I have spoken to, this recruiting structure remains. However because limited spots are available, it’s not wise to put all of your apples in this basket.
There are lots of Canadian alumni at American firms already, so the best advice I can give is to hit the pavement and network as hard as possible. Target firms that you know have recruited at your school in the past. If you get an interview with these schools before OCR then awesome, but if you don’t then your networking should at least guarantee you get an interview by the time OCR comes.
Any idea what the rationale is for banks waiting to hire Ivey students? I guess you could argue that the alumni have enough pull at some firms to reserve slots for Ivey grads, but I’m just not following why they want to wait for September when they’re doing all their other recruiting now.
My question is are they even reserving spots for us this year? I've read many posts where firms that are supposed to target Ivey have already filled the vast majority of the summer class with HYPSW.
Mainly Ivey alumni having pull to reserve spots. Ivey is 100% a target for Evercore. Multiple Ivey students go to Moelis every year. Qatalyst usually gets one. LGP has Ivey alumni who pull to leave some spots open for SA. At the end of the day these firms want strong Summer Analysts, and I guess these firms see a good reason to wait for Ivey students. At the end of the day, whether the spots get filled in May or September, it's the quality of work product that the SA is able to produce that the firm is mainly looking to maximize.
Hopefully its September just because I'm late to the game, but seems unlikely that they would still have spots in September given how accelerated the process is this year for the next summer.
Do you know if they're actually able to reserve slots? Agree that Ivey usually is one of the best schools in terms of Moelis representation, particularly at the LA office, but I've heard they've already given out 8 offers to Wharton and Harvard kids - doesn't seem like great odds for Ivey if they still haven't started.
I'm on the same page as you that Ivey kids are among the strongest candidates, but I don't think they're sufficiently strong that firms would hold out for them, and I don't see a compelling reason for them to wait for Ivey (not like their incremental learning over the summer is needed), particularly they've already recruited at real US targets like H/W.
Regardless, thanks for the thoughts.
Can confirm that Moelis LA has already had multiple super days but I'm not 100% sure how many spots are filled (wouldn't be surprised if its 5-6 out of the 8 spots)
Heard from a friend that Moelis is longer hiring Canadians due to visa issues. Can anyone confirm this lol...
Confirmed - Moelis is not hiring any Canadians (with exception of those w dual citizenships) for SA 2019
Timeline at Ivey is just as accelerated as US targets. Access to the accelerated process is limited to a few kids though. Also, timelines were accelerated last year as well, starting in May not June (which was the earliest processes started last year).
Same story here! I applied to Evercore & Moelis. I guess they aren't hiring many Canadian university students anymore due to the visa issue. I have been in touch with some MD's and HR. I will get back to you if I hear back regarding the summer recruitment for non-target/Canada.
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For Canada or the US? RBC NY hasn’t started yet from what I’ve heard.
Ivey recruiting for EVR NYC is done now, five people (that I've heard of) got offers.
Any Canadians hear back from Morgan Stanley Toronto concerning the summer reception?
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