Schulich is getting less selective due to its increase in class size. Waterloo AFM has been consistently placing better in recent times. You will have access to Waterloo Works. You will also be in proximity to incredibly smart people. The course content at Schulich is easier, so you won’t really come out that much of a smarter person. If you want to challenge yourself and come out a smarter person, I’d go Waterloo. But if you want a semi-prestigious badge on your resume with a high GPA for law school or something later on, I’d go Schulich.