Schulich School Of Buisness....Target School?
Hi, i stumbled across this forum and have been reading and researching the past couple hours..heres my situation i just have a couple of questions.
I will be attending schulich at york in the fall and im very interested in investment banking or even S&T for that matter but i feel like i made the wrong choice attending schulich. I didnt even bother applying to ivey because of the ridicoulous tuition costs but now i regret it because i feel like i could have potentially gotten in with my HS marks and EC's. Ive also declined u of t's offer to attend schulich because i was under the impression it was the better, but now it doesn't seem to be the case. My question is do Ibanks recruit from Schulich and if not, i know that one can switch to ivey 3rd year with the proper marks? Anyone know if they give preference if students switch from another tier 1 business school as opposed to another school? Also anyone here attend Schulich and is currently working as an ibanker or trader?
Thanks
Switching to Ivey is not unheard of. I personally know three students who made the switch from SSB.
At the same time, SSB is still actively recruited by the Canadian IBs. Not for MC though.
I would also be really interested of any other advice people have about Schulich in general.
Pretty strong in Marketing and Finance, but particularly in Accounting. Doesn't have the recruiting power of US IBs and MCs that Ivey has, but students do indeed get hired into those fields.
Tuition is a fraction of that of Ivey or QC, so it is generally a much better ROI depending on what you decide to do afterward.
ya tuition is much cheaper which is why i decided to go to schulich...but now seeing the more options available coming out from ivey i see that i might have been better off paying the 20K tuition 2 years and bieng able to repay it back within the first 2 years in IBD
Schulich grads have been hired by all the Canadian IBs and also by a couple of US IBs (ML and MS). If you fit the profile, you'll get hired. That means having high marks and joining the right clubs.
GS was also interviewing on campus last year. You're not out of luck, but you're going to have to work hard all four years of school, while your Ivey peers will party their first two years, and then work hard.
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I work with 3 ppl who are on SSB's dean list. As well they know people who landed IBs from their school with 8+ gpas, SSB gpa is out of 9. So it is possible to get high marks, and very possible to land a IB if you work hard.
Also wouldnt you say UT curves way more?
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First of all, Schulich is a much better choice than UT. And honestly going to Schulich your first couple years is probably a better choice because you would be able to make contacts and possibly land an internship w/ an Ibank in Toronto if you are really good. If that doesn't work out you can always transfer into Ivey for 3/4 year w/ 2 solid years of business experience.
Regarding how tough it is to get into Ivey, getting an interview w/ any ibank in Canada or US is much more difficult than getting into Ivey. Therefore, transfering into Ivey should be no problem if you are aiming to fit into the Ibanking persona right now. They take a lot of undergraduate biz students from Queens, SSB, Laurier, McMaster, and Mcgill to name a few. So just keep focused on your goal, and if things click you will laugh at the idea of even transfering. Best of luck bud!
why do you think so? I honestly think schulich is the worst in ibanking from mcgill, ivey, ut, laurier, queens. There is nothing there that makes it stand out in ibanking. The only thing schulich has is a good marketing department for making such a brand name.
LOL
PS: Not to be picky because everyone is prone to typos, but you should atleast spell business correctly on the topic bud!
Word!
^ Really good point.
adehbone, do you work for a Canadian or US IB? I'm entering my second year of SSB and would like to know if the CDN big 5 are as picky about marks as the US BBs, or more...based on your experiences.
The reason I ask is that the top CDN firms hire so little ppl that I'm thinking that everyone that gets in must have like 8.0+.
I'm hoping that some good work experience (interning at a pe firm in TO freshman summer) will offset a pretty mediocore first year. Its still pretty early in the game and i will definately raise my marks but even if I go all out, the best I can do now is in the 7.5 range....
pirate, work your ass off, get a high gpa, join YIC and YUFIC (two finance clubs), get any relevent internship in first and second year and in the process learn as much about ibanking as you can. Oh and network.
I'm only a first year so I don't know many third/fourth years but I personally know of 1 FT at MS, 1 at Citigroup, 1 at ML, 1 at TD...1 intern at Scotia and one second year at BMO.
Each of the big five does OCR and holds info sessions, networking events etc as well as some of the BBs. And yeah, you can always transfer to Ivey as many other students have done in the past but if you work hard I dont really see point although getting in from Ivey will be easier.
I dont know if this is true, but everyone who i've talked to that attends SSB said that its nearly impossible to maintain an 8.0 GPA and renew the scholarship. But getting on the deans list is not unheard of, btw these are fairly intelligent people that told me this
hearsay is nothing but... well hearsay
I will concede that my knowledge of Schulich is limited, as I study in the US. My knowledge is based off that of my brother's, who is currently enrolled there.
Honestly, I wouldn't hire anyone outside of Ivey.
And Queens!
Why not?
because he goes there
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I don't want to bash any schools because I know some smart folks who went to Queen's, UT, and Schulich, but personally I would agree that it's much easier to get an IB position from Ivey than at any other Canadian school. All the banks recruit at Ivey, and more importantly, they hire from Ivey. This is especially the case if you want to work in the States - Ivey is often the only school that is seriously targeted by the top i-banks for positions in NYC, LA, etc.
This is not to say that you can't get an IB job from other schools - you can if you work hard, get the top grades, and network like a pro. However, the reputation, alumni base, and caliber of students at Ivey make it a more attractive target for i-banks. I would say that Schulich is pretty strong for accounting and marketing, but weaker in banking. My two cents.
alright...here are the ibanks that posted for full time jobs this year (as of sept. 2007):
All the Big Five banks: -TD, Scotia, BMO, RBC, CIBC(TO and HK)
MM/boutiques/big 4 acct firms: -Orion, Westwind, Genuity, National Bank, Macquarie, HSBC, E+Y(m&a)
US BB: -Morgan Stanley(TO), Merrill Lynch(TO), JP Morgan, UBS(NY), Credit Suisse (only MBAs though)...basically everyone except Lehman and Goldman, although goldman came here last year for interns.
So with that being said, are we a target school? I know we dont compare to Ivey but the thing with Ivey is everyone there wants ibanking and consulting so obviously more people are always likely to get in cause thats what everybody wants there. I think Schulich is a lot more diverse in terms of what the student body wants, similar to Queens Commerce, so how do we compare?
PS- A buyside(pe) firm also posted and the only consulting firm from MBB that posted was BCG although some people from last year have gotten into Mckinsey. Oh and for S+T, some of the big five CDN firms posted.....
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Ummm check the careerquest again because all the BBs that I listed are posted there, or were posted there (most of the app. deadlines expired early september, UBS-NY is the only one left). Go to "VIEW all FT upon graduation" and make sure its under a 4th yrs account, otherwise they don't all show. MS, JP and UBS were in fact there. A 1st year ibanking analyst from Schulich at MS TO is doing most of the ocr here so I know this for a fact...
I wasn't trying to blow my own horn, especially on a forum full of ppl from ivies...I was just curious as to which BBs recruited from Queens comm this year thats all.
haha the guy who thought that the Schulich MBA was great was probably just brainwashed by some of the mba rankings...I actually agree and think that the Schulich MBA, or any MBA in Canada with the exception of Ivey is dogshit...but that doesnt mean our undergrad program is.
oh sorry i didnt mean you were blowing your horn, just saying in general alot of people from schulich i met think they are gods gift to earth (including my sister). About the bb list, maybe it got updated not sure.
But yes at the end i think if you go to any top decent business school in canada (ivey, queens, schulich, uoft, mcgill, maybe a few more) then there should be no excuse for not being able to get into whichever field you want if you work hard.
After flipping through the first year analyst book at my US BB here are some numbers from Canadian schools in IBD. There are 2 or 3 from Univ. Western Ontario in the S&T side for structuring (don't have the book for S&T to confirm). Toronto office - 2 from Queens New York office - 1 from McGill
This is by no means a complete list, but ibanking is competitive. You may want to consider transfering to a school abroad where they have stronger recruitment. We hired more Canadians from US schools than Canadians from Canadian schools. We hired more from the Univ. of Queensland (australia) than Queens Univ. We hire over 500 analysts (IBD) globally each year and 3 from Canada is a pretty small number.
Ivey makes it easier, especially if you aren't a rockstar. Marks are important, but I know plenty of people who broke into IB/S&T through Ivey with less than stellar marks. Ivey does a lot to prep/polish people for interviewing and the alumni network is very strong. However, if you are elite, you will have opportunities from any school, with better NYC/LA/SF opps at Ivey/Queens. And not everyone wants banking. Most people, with some fit/intelligence, who want a banking job usually get one.
I would argue that's not true given the market downturn. All the CDN schools are not having nearly as much US side opportunity
pirate,
The first step in order to get a job in IBD is to learn how to spell.
I am a little confused about the comments in this post. Are they intended for undergrads? I am saying this because I got an average lower than 8.0 and got interviews in the CDN BBs (i am studying at SSB). I know that this does not mean that I got the job BUT if they are willing to interview me with a <8.0 GPA then that means that they WOULD hire me if they find that i have the necessary skills.
The only thing schulich has is a good marketing department for making such a brand name.
SSB is really good at this. By comparing their stats to Ivey, Rotman, and other factors in terms of BB and M/B/B coming to campus for recruitment and post graduate salary. I am just not convinced that SSB lives up all the ranking that has been giving to them. Also they have made a very good move to team up with Kellogg to promote their EMBA brand, if you go to the link you'll find they are Kellogg-Schulich. However this does not mean their MBA program share Kellogg's name.
http://www.schulich.yorku.ca/SSB-Extra/school.nsf/Lookup/Taking%20the%20Lead%2007/$file/Taking%20the%20Lead%2007.pdf
cheers,
ak
no one has even heard of Schulich on wall st. My friend told me that in Schulich there are so many Arab kids who don't know how to speak English. Why would any bank want to recruit there.
Schulich School of Business (Originally Posted: 05/19/2010)
I'll be going to Schulich for the International Bachelor of Business Administration (iBBA) in September, so I was wondering what's its reputation on Wall Street? How does it stack up to Ivey or Queen's? How is the recruitment at Schulich?
I've heard mixed reviews about Schulich, so any insight is greatly appreciated.
Weren't you thinking about McGill?
After visiting the campus, talking to a few students and doing some more research, I changed my mind.
shitty school
Doesn't matter, you make your chances. Schulich is a good school, I hear good thing, as are most other business schools in Canada. Go out there and stake your claim.
If you're going there then make the best of it. At least people recognize the name, and as you can see by looking around this site brand recognition is everything. Get a 4.0, work hard, enjoy the city and spend your 4 years... and then get the fuck out of nasty North Toronto.
By the way, judging by your inquiries in previous posts you shoulda gone to Mcgill or Ivey. But you made a choice. Differentiate yourself and you'll be fine. Good luck!
Why do you think I should have gone to McGill over Schulich?
never heard of it
Schulich is known for accounting, not finance. I would recommend transferring. Yes, there are going to be opportunities, but they are going to be limited.
What happened to international affairs/law/etc? You know who I am.
McGill has good reputation internationally but it's not a school that's known for finance. If you're looking into IBs in Toronto, McGill's business program is a bit below Ivey/Queen's.
Both Ivey and Queen's has very good reputation on both Wall St and Bay St (especially), and both schools send many graduates to IBs or consulting every year.
In terms of recruiting for IB at McGill vs Schulich (if these are you only choices), I would've chosen McGill because it's name is more reputable than York (Schulich). That's just my two cents...
Ivey is much more highly represented in US IB than the others.
do well in schulich you could always transfer to Ivey after your second year
Degrassi= best Canadian target
Isn't that a show?
Does anybody know if there is a minority placement program in Canada that could help me? I'm Oriental Asian (not Chinese). Starting 1st year at Queen's in september.
Inroads, Queen's has the biggest chapter lots of schulich kids too.
All jokes aside, in regards to the OPs question. Whatever people one WSO say... If you are the BEST, wherever you are (Barring random "universities" in buttfuck nowhere), you will go places. Schulich has no shortage of successful alumni. Network, network, and get amazing grades. If you feel the need to transfer... give it two years and go to Ivey HBA. At that point you'll have a much better idea of your aptitudes.
How many people can really be "the best?" And what does "the best" mean? A lot of the time, the kids who get in from non-targets have had to combine good grades/prior experience/extensive networking/general hard work with a bit of luck to get where they are. If your goal is to land an incredibly competitive job once you graduate (Canada is harder than the States), going to a great school makes sense on multiple levels. People on this forum make it seem easy to get whatever you want just by 'working hard' and 'networking,' but no one stops to think how painstaking and stressful it all is. Save yourself the countless hours of work; Schulich blows socially and placement-wise. To top it off, if you live near campus you're a ~$40 cab away from good nightlife...
Don't know much about Queens (apart from placement), but Ivey combines a great academic program, the best career placement and among the best social life (UWO is known for easy girls and tons of booze). Trust me kid, transfer to Ivey, Queens, or even McGill (you'll have better name recognition and you're walking distance from bars/clubs; plus, Montreal is a really fun city).
As a Canadian who lived in North America, Asia and Europe, I would recommend McGill because of the name recognition is has. Wherever I went, most of the finance professionals knew about it (in Asia and France they even have a boner for McGill - i.e. "Canada's Harvard"). There is a strong network of bankers from this university in Toronto, New York and London.
Furthermore, I have been through IBD recruiting for Toronto, and I pretty much only met people from McGill, Ivey and Queen's. Anyway, I'm not saying that you can't succeed if you go to Schulich, but definitely try to score top GPA and start planning early!!
Good luck and hopefully it works for you
BBA at Schulich is the best and has very competent people, but MBA is shitty - could not find a better word
Schulich for Finance (Originally Posted: 04/25/2011)
First of all, sorry if there's another thread on this but I couldn't find any.
I'm most likely going to be heading to Schulich for my undergrad, and I was wondering if anyone could comment on their finance reputation. I know it's known more for accounting, and some may even consider it "bad" for finance, but what exactly are its disadvantages?
Looking at the most recent placement reports, around 5% of its grads went into Invest. Banking. It's not really that impressive, but from from some friends in the program apparently a majority of them are into accounting from the get go. All the Canadian banks recruit from there (I'm not interested in going abroad anyway) and the finance recruitment is at least somewhat existent.
The only major disadvantages I can think of is poor alumni connections and a lack of finance-minded classmates. They also don't incorporate cases as much as other schools. The main reason I'm deciding against Queen's and Ivey is the cost and location. Kingston just doesn't suite me and I don't feel like I'd gain much despite spending an extra $70k+. For Ivey, I don't like the 2+2 system, but I may still switch in third year if I feel that it'd help.
I'd greatly appreciate it if anyone could comment on Schulich's finance recruitment, its disadvantages/advantages or even share any success stories they've heard :p.
Everyone on this forum says that school doesn't matter. Network, get good grades, bla bla bla. Sure, you CAN succeed that way, but why not give yourself every advantage you can get? Muggsy Bogues was 5'3 / 5'4 and managed to become a professional basketball player. So, sure, it's possible if you're also vertically challenged, but if I had NBA aspirations I'd rather be 7'0 tall.
From what I've seen, Canada is much more focused on academics than US schools. Having mediocre grades is a quick way to shut yourself out of the recruiting process, whereas in the US you can get over it by networking. Same goes for schools. It's significantly harder for non-Ivey/Queens/McGill kids to break in. Sure, anything is POSSIBLE, but it's hard as fuck.
You CAN get in from Schulich, but it's going to be tough. You need to really work your ass off, get top grades, and also network. I don't see why you're so focused on the school either way. Going out is really tough unless you have a car (and then you need a DD), there's little to no campus life, and it doesn't have good placement. Plus, if you get onto Bay Street, you'll be in Toronto for the foreseeable future anyway, so why not lead a different life for a bit? Go to Ivey, Queens or McGill. It's always easier to transfer out if you don't like it than to do the reverse if you regret going to Schulich.
Thanks a lot for the reply! May I get your input on why you think it'll be hard (or harder) from Schulich? Unfortunately, I didn't apply to McGill and it's too late now. Queen's is another option, but I'm really doubting whether it's worth spending an extra $70k+, especially since I didn't really "fit" in. I'm most likely going to be transferring to Ivey in my third year, but I made this thread because I'm not too sure how keen I'll be to transfer come two years from now.
What exactly gives Ivey and Queen's students a better advantage? I know a much greater percentage go into Invest. Banking and other finance positions, but I also figured most students going there were already interested in finance anyway (as opposed to the accounting crowd at Schulich). Once again, I greatly appreciate your post!
Ivey is definitely the best for finance. Why? Best recruiting. Go to Ivey's website, and check their student employment records. You'll see all the big names. 1. Ivey 2. Queen's 3. Schulich There's a dozen other threads on this topic, and you'll see the same thing.
Yeah, that's the general consensus I've read, but I see many of the same names recruit at all three schools so I wasn't too sure how much greater of an opportunity I had at different schools.
Thanks for another great reply! Your final point is what worries me. The reason I don't really want to go to UWO right away is because I think the BMOS program is really useless, and I figured I'd be better off starting at Schulich, gaining some business knowledge and even getting some related internships in my first and second year. However, I know transferring won't be as easy as it sounds. Also, it's not that I despise Queen's or anything, but it didn't really "click" when I visited.
Also, when you say Canada is much more academic oriented, would you say your resume would carry you through more than your networking ability?
Finally, are there any Queen's students here? I don't really know anyone at Queen's, and I was wondering if recruitment there was as strong as Ivey's.
Did you apply to Western though? Even if you didn't get AEO, I would still go to western. Check out the thread, "Last Ivey vs Queen's Battle." Ivey is clearly just a step ahead of every other Canadian school. Btw, I'm at Waterloo for S&T, but since you're into IB, Ivey is the way to go. This is what a Queen's student had to say about his own program (I'm not bashing Queen's, a Queen's student said this to my friend):
The recruiting at Ivey is 20x better than Queen's. In fact, this year, Rotman Commerce Career portal had more (and better) postings than Queen's Commerce.
Also, for first two years, there is zero support from the business career centre at Queen's. local PWMs, etc, don't even post at Queen's, and sure you can apply yourself, but the way your timetable is setup probably will fuck up the hours you can work, etc.
Also, the "clubs" here at QC are so fucking exclusive and hard to get into, and many frosh hires are done based on personal relationships - i.e. UCC co-chairs hiring UCC frosh rep, Crescent co-chairs hiring Crescent frosh, personal friends, etc.
Hell, if I could go back in time, I would rather choose Rotman or Schulich over Queen's. My friends at those schools are already working at PWM through their career portals, while the best job I can find (due to location and crappy timetable) is weekend part time job at the school doing peasant work.
Also, don't be deceived by Queen's placements. Only 1 person placed into NY BB in class of 2011, and less than 5 at BB IBD overall. By contrast, my mentor's ivey section placed into GSIP, GS, MS, Lazard, Evercore, and Moelis in NY, and more in Toronto. In other words, 1 Ivey section (70 student i believe?) beats entire QC. Same applies for MBB and F100.
I am ,at the moment, planning to switch out of Queen's and into Ivey for 3rd year. Even if you get Chancellor's scholarship, don't waste your time at Queen's. Go for AEO, or take Schulich for 2 years and switch into Ivey.
Schulich is pretty bad tbh.
It goes Ivey>>Queen's>>>>Schulich in Canada.
Hey Iancarney,
I think I'm in a similar position as you. I applied to and have been accepted to most of the major business programs (Schulichs, Rotman, Iveys) and some Waterloo math/business hybrids (Math/CA, MathBBA, CSBBA). I ultimately chose Ivey - I'll offer my opinions on why I did and I'll look into your situation as well.
If you know you want Finance, I'd definitely suggest Ivey or Queens. Just like you, didn't really have a feel for Queens at all so I didn't even apply. Here's Schulich's Career report: http://www.schulich.yorku.ca//SSB-Extra/careers.nsf/Lookup/2010%20BBA%2… (I'm sure you've already seen this).
Breaking into finance is always possible, it's no different if you go to Schulich's - but the odds will definitely be stacked against you. A lot of getting into banking is about name, prestige, networking, etc. Bay Street from what I dominated by Ivey and QC people; Schulich simply can't compare to that.
With that being said, I know a friend from Ivey who told me the ideal path for him looking back were to go to Schulich's then transfer to Ivey. That in theory is a good idea but keep in mind one, it will be hard to leave a school in where you carved a niche and have become comfortable in to a new school. One of the posts above explains this problem very well.
Regarding Ivey, the tuition is expensive - it's a prestigious program and therefore it should be that expensive (E.g. HBS). It's not too entirely bad because Ivey has negotiated a private banking deal for its students from BMO to get a 25K max /year loan at prime + 0.5% which is pretty darn good. Ofc, going under debt is never a good idea if it can be avoided and it shouldn't be looked at like it's some safety cushion or whatever. Also, financial aid in the form of bursaries are readily available and I read that 40% of the class will receive aid in some form or fashion. Regarding the 2+2 problems, I'll agree BMOS looks a little sketchy. You should consider switching - I chose the financial modelling program under Science. From what I know and hear, BMOS is filled with kids who want their easy 80 - the program definitely lacks content (It's a social science ahahha).
If you do decide to go to Schulichs though, I think the best path would be to go into accounting first, get into a big4 company and then try to transfer into the their finance departments and then leverage that into banking.
Finally, regarding internships, I think there would be an advantage in year 1 and 2 in Schulichs over BMOS but I don't think it's that big. I agree with the post above, it's all dependent on your own resources. I know lots of 1st and 2nd year Schulich students who did not get any business related jobs at all (And they were actively seeking). In year 1 and 2, you pretty much know nothing useful anyways IMO. Like you I'm concerned with my ability to find a good job because I can't really use my program/school to help me much - There may be other options though.
I think there were some other things I wanted to say but I forgot. I've wrote a lot but take it with a grain of salt - I'm basing what I wrote on what I've read and heard.
The accountant, then banker, route doesn't really work. It's a really roundabout way to get to banking. Why not take a more direct route? Most people go straight into banking after undergrad. If you're not careful, you'll end up doing back office accounting work at a bank. Going from accounting to banking does happen. Check out http://guidetorulingtheworld.ca/Events/CharteredForFinance.aspx It's just an unnecessary step.
Yeah, I figured it'd be harder and unnecessary, though I've heard there are some CA/CPAs in banking.
Going to jump in here and ask a question. Since you guys seem to know a bit about the finance scene in Canada, I was wondering if you know of many engineering majors getting into finance in Canada? I'm currently doing oil and gas engineering at UofC (not a prestigious school by any means but probably the best in Canada for my major). What's the scene like in Calgary? I figure with a high GPA I may be able to get on with one of the banks here straight out of school if I decide not work as an engineer for a few years, which is unlikely, but I'd consider it. I could probably make a lot more money working as a drilling engineer than I could at an IB in Calgary, initially anyway.
Well, your situation is quite unique. Most engineers interested in finance go into sales and trading, which is a very quantitative front office role (hence for engineering students). Btw, there is a general consensus on WSO that trading is a better job than banking. Banks, prop trading firms, and hedge funds hire engineering students (not engineers) for trading because they're good at math. You major (oil and gas), doesn't sound too quanty, it's not like computer science or physics, but I encourage you to try anyway. People with the most random backgrounds (think liberal arts) have made it into finance before, so you can make it too if you work hard enough. Transferring from drilling engineer to finance will be a bit difficult though. Also, do you really have to stay in Calgary? Not much happens there in terms of finance. Come to Toronto and you'll really strike it rich. But then again, you can make loads of dough in the Alberta oil sands...
Is this a joke?
Engineering in Calgary pays pretty amazingly, I've heard that you can make project engineer very quickly and then you're looking at 150kish yearly. Much less hours than IB by far.
Err, I know that Barcap/Canada Big 4 all have shops in Calgary, they're very small though and most are limited to FICC groups.
If you know you want to at least try finance and banking, at the end of the day Ivey will give you way more opportunities than Schulich.
It seems that your main concerns are tuition, content in year 1/2, and I'm guessing the convenience of living near campus. If you like the benefits of Schulich over Ivey and take that as a priority then go for it.
My 2 cents:
1) If you want IB, you better be a top tier student at whatever institution you're at. Even at Ivey, IB jobs are generally out of reach for anyone lower than top 15-20% of the class. At Schulich, its probably closer to top 5-10%. Once you have this, you'll be fine landing interviews with all the Toronto shops (going to Schulich won't hold you back)
2) If you're fine with working in Toronto, there aren't that many advantages to transferring to Ivey...Schulich will provide the same opportunities. Honestly, I'd say that Schulich sends more kids to the Canadian banks than Ivey for IBD. However, the BB Toronto offices are largely the realm of Ivey/Queens.
3) If you want banking internationally, transfer to Ivey. Ivey's recruitment for US based banking is second to none in Canada. No other Canadian school has greater access to BB/Elite boutiques, especially the West Coast
If you want to know more about Canadian banking recruitment, PM me.
For the Engineering question, it's still pretty hard to break into Calgary offices from an engineering major but it's doable. Unfortunately for you, a lot of the Calgary offices just go to Haskayne or Ivey to recruit. A lot of engineers end up doing their MBAs first, but it wouldn't hurt to network. Every single BB has an office in Calgary (CS just opened an office), along with the Canadian banks and O&G focused boutiques like Peters & Co.
Dude... WHAT? Schulich does NOT "provide the same opportunities" as Ivey... even in Toronto. Please avoid giving shitty, speculative advice.
Hey Valk I pm'ed you.
Just wanted to chime for the Engineering Canadian kid. A high engineering gpa gets respect from any bank in Toronto or Calgary, you will just need to network and study modelting/finance on your own time. But just like the US a high gpa from engineering sure makes you capable of doing.
If you an engineer (especially petro) you stay in Calgary. Where all the Oil and Gas dudes are. Guys strike it "rich" in Calgary a lot easier than Toronto. There is less seats at the table in Calgary, but those who have seats get paid well.
Any top-tier or even 2nd tier bba program in Canada will land you interviews in banking at big5. From there its up to the person. But the big5 recruit at most if not all of Ivey/Queen's/SSB/WLU/Rotman/McGIll/Sauder and even Mcmaster.
The reason you see more Ivey kids is, because in most years they interview and have stronger resumes to their opps while going to Ivey. Also more people at Ivey want to do banking and get their shit together earlier than other schools.
As for looking at the two datapoints your experience vs others. Would not say Queen's/Ivey/Schulich does better overall. Just means one year at Queen's all the kids wanted to do consulting, at Ivey all wanted to do banking, at WLU all wanted to do investment management, at Schulich all wanted to do banking. Really it comes to like comparing is Duke or Columbia more of a target for Wall St, they both are just in some years one will place more than the other and vice versa.
Btw, the above only applied to big5 and Canadian offices. The boutiques/US BB regionals/NYC/LA are much more selective when it comes to where they recruit from in Canada.
The one thing that I have noticed about Schulich is that is reputation and recruiting seem to be improving in Finance, and that is just from my observation of the threads on this site, and the placement reports. Disclaimer, I am going to be doing my MBA there.
If you go back and search posts from 2006 and 2007 on this site, schulich wasnt looked upon favourably, and today most of the people who posted on this topic ranked it 3rd for undergrad, thus its 'prestige' seems to be more favourable. By the time you have completed your program and start looking for full time recruitment the situation may be even more promising.
Thanks for your input, but that doesn't exactly put me at ease:p Please check your PM, Valk:)
Honestly, it depends on the person completely. The reason ivey sends more to banking is because more people are interested in it, and as a result you end up with a larger network. The biggest advantage Ivey has (and it is pretty big) is its alumni network, BUT thats not to say Schulich does not have its own network. Schulich's finance community is supposedly very tightly knit and you will receive help if you contact alum. This year I believe around 9 people got placements on Bay, and they did so by knowing their stuff, networking and getting a high GPA- just like any other student at any other school. In my opinion, it is just a matter of where you WANT to go, but if you are 100% sure you want to go to Ivey in third year, go to BMOS and have fun. In aggregate, Schulich is DEFINITELY not a bad option if you are willing to put in the work. Just my two cents, good luck deciding!
Thanks a lot for your input! A lot of people claim the same, and I do somewhat agree, but I think Ivey's "edge" also contributes to the large number of grads in banking. I'm willing to put in the work, but I still want to keep as many opportunities open as possible. At the moment I'm kind of edging towards Schulich (I think I "fit" better there), but at the same time I don't want to handicap myself in terms of recruiting.
If anyone has anything else to contribute (and every bit helps), I'd greatly appreciate it!
Sorry for the double post, but can any Ivey students comment on the marking scheme? I know classes are case-based, but how exactly are students marked?
Schulich MBA -- Placements Toronto or NY (Originally Posted: 10/01/2011)
Hi monkeys,
Well, the topic title is pretty much self explanatory.
I recently got into Queens and Schulich -- I am close to choosing Schulich for my MBA.
I was hoping if somebody could please shed some light on how many placements Schulich had on Bay Street and or Wall Street last year.
Would you consider Schulich a target school?
Thanks for all of your input -- much appreciated !!!
schulich to wall street? dream on buddy
Is such a proposition really that absurd? Has it never happened before?
Can i get opinions other than tiger89 -- as I do not really value his opinion.
I have a proclivity for people already in the industy.
Also, what about in Toronto? How are the placements?
yeah stick to Toronto thts where all those dumb folks from Schulich work so great networking potential.
why didn;t u hit up rotman or ivey?
but schulich over queens furshowww, duno if tradings ur thing but i'm sure u already know this schulich has a financial engineering designation u can get with ur mba
Not a single person in NYC has heard of this university.
Schulich places well in management roles...don;t know about ibanking/s&t
What about in Toronto? does it have high placements?
Also, is Queens better? Have people heard of Queens in New York?
Schulich LOL!!!!
There are Queen's vp/md's at BBs in NY. Queen's Commerce placed 5 into GS NY IBD for this past summer. We also get recruiting for GS NY ER, NY IBD, NY AmSSG, Toronto IBD, Calgary FICC.
I think Goldman Toronto ibd interviews at Schulich but never takes anyone.
But of course, Im talking from undergrad point of view. Queen's MBA from what I know places very well on Bay.
so have people in NY heard of queens then???
Does queens get more placements?
No Canadian MBA program regularily places in New York, but Schulich's JD/MBA placed one person at GS NY last year. Ivey Mcgill and Queens are heard of on wallstreet because of the undergraduate recruiting so you would have an alumni advantage to going to one of those schools
Ivey Rotman Schulich, McGill and Queens get similar IB recruiting for Bay street but there are some differences.
http://www.tdsecurities.com/tds/resource/M1107049%20HR%20Fall%20Calenda…
Take a look at TD secuirites campus recruiting, they dont hire IB associates at Queens, only S&T associates.
At Schulich this year we have had RBC, TD, BMO, CIBC, Macquarie, HSBC on campus, and have had postings from MS.
Schulich does not come anywhere near a target school. York University is not highly regarded in Canada or anywhere else in the world. Most people in Schulich failed in their high school and took easy night classes to get in.
Poets and Quants would tell you to the contrary
http://poetsandquants.com/2011/12/22/insead-nudges-aside-london/
Schulich ranked tops in Canada, and 11th best outside of the US. Queens 32
"the excellent MBA programs at some of Canada’s finest universities would fare better on this list if not for the bias built into the Financial Times methodology against North American schools. York University’s excellent Schulich School, for example, is ranked second by The Economist, ninth by BusinessWeek, and tenth by Forbes. But the school is comparatively snubbed by The Financial Times with a ranking of 27."
so queen's better than schulich still stands true after 2 years? i am an indian looking for career change and settling in canada.. which school would be better? ivey, queens or schulich? ruling out rotman because of its high fees..
Rotman is the best MBA program in canada.
Thoughts on Schulich BBA? (Originally Posted: 02/27/2016)
I may be going to schulich next year for UG. Ultimately, I want to go into finance, maybe some sort of IB but I don't know much about finance yet. Does Schulich place well on Bay St? How difficult will it be for me to land an IB job coming from Schulich?
If you are set on finance, then your best bet is Ivey, Queens or WLU/UW (DD). Schulich is mainly known for accounting and marketing. If you have a chance, go to Ivey. If you really like Schulich, go there for the first 2 years (you will learn much more than in any program offered by UWO) and then transfer to Ivey.
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