Umich Ross vs western ontario ivey
Hey guys,
I'm in a bit of a problem. I'm a high school senior, I live in america, but I'm a Canadian citizen. I've been accepted to UMich Ross as a preferred admit, and I also got into the Ivey bschool direct admit program at Western Ontario. The problem is that Umich is 160k, and Western Ontario would turn out to be around 80k, and whatever loans I get, I'd have to pay back in the future. I know I want to work in finance (I have a stock and forex acct,etc) and stay in the States, but I've been wondering a lot about how much more it's worth to go to UMich. Both schools are great party schools and so in terms of fun and college experience it'd be good at both places. I just wanted some advice from people who have experience and might have gone to either school.
Thanks for your help.
Are you kidding?
Michigan Ross hands down.
Great atmosphere, awesome parties, Michigan football, new Ross building etc. etc. etc. etc. etc.
Come
Best, SoulSearching
Haha yea I know that, and if money wasn't an option I would definitely choose Ross, but my parents are pushing Ivey on me and the cost factor is an issue.
Both are pretty good schools. Perhaps Ross is better to break the industry but if cost is really an issue, then you cannot go wrong with Western Ontario. Student loans are hard to come by as well these days. I suggest you formulate a list weighing down the pros and cons of each place and decide accordingly. Once again, you won't go wrong in either school provided you inject the right amount of commitment to your work.
To add to that note, I'm not sure how long it takes Canadians to get a green card in the United States, but if you can get one within a year or so, there is a chance you could perhaps qualify for some sort of financial aid from Ross? I'm not sure about this, but I would look it up if I were you.
If you want to work in the States, go to Ross. However, I have zero knowledge about Ross' recruiting prospects except second hand info from these forums (I went to Ivey). Ivey is the best in Canada, but it's still not easy to get to NYC banking from there. Back in the day, it was relatively easy to jump from Ivey to a NYC BB, but immigration issues etc. have made things tougher in recent years.
We get all BB (Goldman, Morgan, Merrill, Credit, Lehman, JPMorgan, Citi and etc.) and top MM/Boutiques (Lazard etc.) as well as some PE including Blackstone. If you are looking into consulting, McKinsey, BCG and what not, they all heavily recruit here.
Also, there are plenty of MM and boutiques from Chicago and other Midwestern areas.
Be more farsighted and choose Michigan Ross because you can certainly pay back your loan within a reasonable time period.
Best, SoulSearching
http://www.bus.umich.edu/EmploymentProfile/Default.htm
I found this link on their website, which might help you make your decisions. Just click down the panel on the left and you'll see plenty of info.
Interestingly, they're not that much different than Wharton in terms of top recruiters, although certain companies definitely seems to be emphasized over others. I also question whether the majority of those who get into the banks actually do investment banking or S&T. Unfortunately, they don't seem to specify whether the students get front, middle, or back office position.
With that said, GS, MS, UBS, LB, JPM, DB, Citi, CS, are all in the top 15 intern employers. The FT recruitment is impressive: the top 5 are all investment banks, with Citi, GS, JPM, CS, and DB, in that order, rounding out the top. Again, however, I'd take all these rankings by Ross with a grain of salt. Nearly 50% of the people end up in the midwest and, as I've already noted before, we don't know if the FT and SA offers were actually for front-office positions.
I couldn't find a similar list for Ivey, but an interesting fact that I found was that only 5% of the students get placed in NYC.
you got to remember though, Ivey in Canada is positioned like a Harvard/Wharton in terms of banking placements (in Canada).
So really the question is, do you want to have the highest chance of getting into investemnt banking in Canada or a strong chance of getting into investment banking in the US...
I was at London/Ann Arbor about a month ago, both towns seem amazing in terms of campus life so call it equal.
Zurich,
I've never seen a person doing mid or back office out of Ross. Few sophomores get mid or back office, but that's because they are sophomores.
People who go into accounting firms or consulting may get placed into Chicago or Detroit office.
Almost all the students go to NYC for banking except few who choose to go with MMs in Chicago or BB regional office in Chicago, but they are very rare.
Best, SoulSearching
I am also a Ross Alumnus - and I confirm everything SoulSearching is posting. Most BSchool students end up in NYC in whatever industry they want (mostly finance BBs).
I'm a high school senior as well living in Canada. I'm attending Ivey in September.
Here is their link for 2007 placements:
http://www.ivey.uwo.ca/recruiting/PDFs/HBA2%20Placement%20Report%202007…
Good luck in your decision too!
Thanks for all your help guys, I'm pretty much leaning towards Umich now. One more question though, does anyone know about the process for intl students at American schools to get jobs? I know I get 12 months of OPT, but how's that work with internships and what not?
Vero nesciunt sequi nesciunt non vel omnis. Ea dolorum dolorem dolorem at. Id cumque qui accusantium est. Id quaerat animi animi non molestias beatae rerum corporis. Impedit dolorem saepe et explicabo aliquid ipsam ad in.
Repellat aut porro esse architecto voluptates molestias. Quidem modi alias quia inventore. Voluptatem sit voluptatem quam repudiandae. Repudiandae ea iure culpa qui quia. Aut sed maiores nesciunt accusamus molestiae ducimus rerum voluptates.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...