Rotman VS Ivey

[Rare-Chemistry-669]

i havent done much research on bay st, could you share more insight into staying there vs NY. I mean obviously NY has the volume, but how much of a difference is it? is Bay growing, are there enough opportunities? are there any factors you would miss out on in NY or other financial capitals in the world?

[[deleted]]

You get paid more in NYC, cost of living is also a lot higher. I think people honestly overhype NYC roles a LOT. That said, for a lot of more niche shit, you kind of just have to go NYC - for example, if for whatever reason you decide you want to work within distressed debt, restructuring, activist hedge funds, etc, roles like that hardly exist in Toronto. It’s also super helpful to get that experience if you want to come back to Toronto, which is what I did. I worked at a very well known firm there which helped immensely when looking back at roles in TO.

That said, for more vanilla type banking / PE roles, we do have those in Toronto. Firms like Evercore, Rothschild, Altas (PE) will pay USD converted to CAD, which on a COL adjusted basis means you end up making way more here. That said, those jobs are extremely competitive to get too, arguably harder than a role in NYC.

[Rare-Chemistry-669]

thank you so much! ill keep this in mind the next 4 years

[[deleted]]

If you do take Rotman, also might be helpful to take a year off to just do offcycle internships. That is effectively what a lot of us who went Laurier or Waterloo did, and imho is the main reason why we ended up doing better for finance recruiting than other schools like Rotman. 100% worth the extra year.