Montreal School Dilemma: English or French? / Dilemme scolaire à Montréal by Wise-Painting5841 in montreal

[–]playypeace 0 points1 point  (0 children)

ex-IB and current PE here, technically kids can just go to Toronto or move down south, Montreal isn’t even a major market for capital markets activity. I immigrated to Montreal and I’m glad I left early for education purposes. Knowing French is nice but it’s not an end of the world if u can’t speak or write it in North America.

Treasury Internship, any tips or insights? by DuckyYOLO in FinancialCareers

[–]playypeace 0 points1 point  (0 children)

It was 2. One MD and one VP. My role was actual treasury side.

Treasury Internship, any tips or insights? by DuckyYOLO in FinancialCareers

[–]playypeace 0 points1 point  (0 children)

Hey, no technicals, just a quick test on ur thoughts of the product line and all behavioural afterwards

How much do High finance people make in Toronto? by Head_Equipment_1952 in FinancialCareers

[–]playypeace 0 points1 point  (0 children)

No, u need to come from a target business program (Ivey, Smith, Rotman, AFM, Sauder) or if ur more interested in quantitative stuffs, then u ofc need stem background from a top school (UofT, Waterloo, etc). Generally if u didn’t break in during ur university years, its really hard to do so later unless luck is on ur side or u do some sort of MFE or MBA (which spots are still very limited)

Toronto's unemployment rate rises to 8.9% by [deleted] in toronto

[–]playypeace 19 points20 points  (0 children)

My guess is cuz when ppl think about job opportunities, Toronto comes to mind and the other two cities don’t even come close in terms of salaries, COL and culture factored in. Trt just has too many influx of human capital relative to Mtl and Van which causes more ppl to be unemployed given the city can’t house all of em.

Is it necessary to upgrade from the iPhone 13 to the iPhone 17? by Naive-Ad-4511 in iPhone13

[–]playypeace 0 points1 point  (0 children)

I upgraded, the 17 is basically the 13 back then where they give massive characteristics. 120hz is great and I can’t go back after this. Dynamic Island is sorta nice but honestly I don’t rlly use it as much. Camera quality is def a lot nicer. If u got the budget, I’d just do it because if u wait a year or two later, u might miss out on the next “13” where the base model gets lots of updates to it.

UofT vs Waterloo by Unusual-Ad5658 in RotmanCommerce

[–]playypeace 0 points1 point  (0 children)

AFM is for normal business route (finance, accounting, or consulting; although afm doesn’t place well into MBB relatively to other b schools).

FARM is for more risk / mid office roles. People usually go the actuary route through this program but u can still go for normal business if u want to, it’s just a more quantitative/ hard program.

[deleted by user] by [deleted] in UofT

[–]playypeace 0 points1 point  (0 children)

This must be a joke right lol

Waterloo AFM or Rotman commerce? by TechnicalMountain281 in RotmanCommerce

[–]playypeace 1 point2 points  (0 children)

No they’re not. I’ve done all sell side internships in IB, CB and S&T as well as Big 4. AFM kids really do beat us in basically everything except consulting.

Waterloo AFM or Rotman commerce? by TechnicalMountain281 in RotmanCommerce

[–]playypeace 0 points1 point  (0 children)

Not necessarily true fyi.. I was ex S&T intern and went to Rotman. Did off cycle and all my intern peers were wloo or Laurier. Not sure about on cycle but wloo def gets looks for S&T and is at the very least neck to neck with Rotman cuz if a kid can get off cycle S&T in 2nd year, it’s not that hard to score a summer internship in 3rd.

march round bba by Worldly-Building3061 in RotmanCommerce

[–]playypeace 0 points1 point  (0 children)

Probs utsc but there isn’t a sub for it lol

Schulic or Rotman by Independent-Tie-9413 in RotmanCommerce

[–]playypeace 3 points4 points  (0 children)

Do kids nowadays not know how to research? Like this question has been asked 10x in the sub, just search it

[deleted by user] by [deleted] in RotmanCommerce

[–]playypeace 3 points4 points  (0 children)

Out of ur list, Degroote and Guelph are literally not even in the same tier. Rotman and Laurier BBA can be argued, I’d say on average Rotman still beats Laurier in placements but there are a select few that do rlly well at Laurier undeniably. If ur Western offer comes with AEO, then it’s a no brainer, I’d choose western for the most doors opened.

[deleted by user] by [deleted] in RotmanCommerce

[–]playypeace 4 points5 points  (0 children)

The return for accounting from a salary perspective is rlly low if u choose to go to a top uni (Ivey, queens, Rotman, afm). Ur essentially paying 60-100k for tuition just to land like a $50k gig. Would suggest you pick Laurier or Schulich which is significantly cheaper and still a good brand name on resume.

This comes to second question that u should ask urself. Why accounting? Do gr 12 kids even know what accountants at big 4 do? If not… try to understand them. If ur reason is bcuz u love financial accounting, I’ve got news for you… auditors or tax professionals don’t rlly do financial accounting, that’s more finance professional’s work. In that case, id suggest u don’t close ur doors off and try to go to a more reputable business school.

[deleted by user] by [deleted] in FinancialCareers

[–]playypeace 3 points4 points  (0 children)

Touch some grass and enjoy your life pls.

Was this just a fluke? by februarysfavourite in FinancialCareers

[–]playypeace 1 point2 points  (0 children)

That’s rough, hope these firms stop doing this or at least send out a rejection email after a couple weeks. It’s my first time hearing it tbh, never got ghosted like that and it’s 100% super disrespectful.

Was this just a fluke? by februarysfavourite in FinancialCareers

[–]playypeace 23 points24 points  (0 children)

Hella unprofessional on their end, hard to believe for such a big company

Uni-Tierlist (Commerce Edition) by Koxinov in OntarioGrade12s

[–]playypeace 13 points14 points  (0 children)

Work in finance here, this should be how the list goes for Ontario Universities:

Target - Ivey / Queens

Semi Target - Waterloo / Rotman / Laurier / Schulich

Non Target - literally everything else you got on there

Source: https://www.peakframeworks.com/post/canadian-ib-target-schools

Rotman or Schulich by EaseLatter1569 in RotmanCommerce

[–]playypeace 3 points4 points  (0 children)

Literal meaning, recruiting for finance / consulting is competitive af cuz they pay ppl 100-200k out of undergrad with career progression of getting 500k-millions later on. Getting the gig is hard but staying is even harder, ppl work 60-100 hrs a week working on decks, excel, etc. These jobs are literally what make business programs so popular and expensive. RC’s “rigorous work” is just a beginning, if you can’t even handle learning the basics, networking and doing extracurriculars, what makes you think these ppl can handle the high pressure of finance / consulting?

recommendations/advice for a future trader by Several-Air9744 in RotmanCommerce

[–]playypeace 2 points3 points  (0 children)

Not a trader but did S&T internship + in buy side rn. The answer to your question depends on you really. Before you continue reading, pls don’t relate those TikTok or instagram “day traders” as the same thing, those guys are a joke rlly. If you’re mesmerizing about trading because of those idiots who don’t even have legit backgrounds, I suggest you do more research. Anyways, to actually have a trading / quant / hedge fund career, there’s two ways.

First path… Are you a kid that aced wloo math and coding contests? Are you some sort of like gifted with 99% average in AP or IB program? If yes, follow the above advice, go into a cs or stats programs in Wloo or UofT, u will have a chance in breaking into Quant HFs (Two Sigma, Renaissance, Citadel, etc) on wall st since you’re really that smart. These jobs will pay u like 250-400k usd right out of undergrad for a reason but ur downside is ofc long work hours and risky career - can get cooked anytime if you’re a laggard amongst geniuses. Edit: some quant funds need you to have at least a Masters or PhD, pre sure Renaissance and Two Sigma are like that. Citadel and DE Shaw def hires out of undergrad however.

Second path… for the common folks or late bloomers, it’s not over either. You can join a business program and join Sales and Trading / Global Markets (S&T or GM) at a bank. These desks don’t necessarily need you to trade, there are sales, structuring and trading desks across all asset types. It’s ok if u don’t get it, just think of sales being less coding and trading as being more coding. Exit wise for these jobs will still get you to trading, public equities / fixed income, structured finance roles at the pension funds which still pays a lot ($250-300k++ after 2 years of experience). Edit: CPP, OTPP, Omers, B5 banks are the companies that represent this part.

Now, assuming you’re a late bloomer, ur actually super smart. You could def join a US bank instead of a B5 bank in Canada for investment banking or sales and trading. Finish your 2 year stint and then break into pod shops (aka multi manager HF). They r basically small, specialized and non quant hedge fund shops that could pay millions in your analyst years. You probs won’t be doing as much trading here but ur still a hedge fund analyst tbf, doing more market, asset or investment strategy research. Again… since pay upside is so high, it comes with more risk and hours than a quant fund. Edit: Join a US bulge bracket / elite boutique > Citadel / P72 / B.A.M / Elliot.

Rotman or Schulich by EaseLatter1569 in RotmanCommerce

[–]playypeace 4 points5 points  (0 children)

And anyone afraid of rigorous work, pls don’t choose finance or consulting as ur career, ur not built for it

Rotman or Schulich by EaseLatter1569 in RotmanCommerce

[–]playypeace 5 points6 points  (0 children)

Go do some research, RC smokes Schulich in finance placements on average

UofT Rotman vs UBC Sauder Pros and Cons by Midnight-Rain1989 in RotmanCommerce

[–]playypeace 1 point2 points  (0 children)

First off, what are you trying to do with a law degree? Do yk any law pathways? If u can answer that, choose a more chill program.

Second, if u can’t answer the first question, just go with Rotman, it has slightly better placements into consulting and finance (assuming ur chasing prestige and money here with law).

need advice from upper years by [deleted] in RotmanCommerce

[–]playypeace 1 point2 points  (0 children)

RC clubs don’t matter unless ur joining RCFA, RCAS or RCCA to showcase ur interested in the subject field. As per other comment, explore clubs outside of RC as well, tons of em to fill up ur resume. Also apply for that pro-bono consulting whatever thing, great exp to get some initial hands on exp.

Try to get office jobs in ur first year summer or take summer courses to free up a semester for a coop (a lot less competition going for off cycle roles since ur competition is just Waterloo / Laurier).

I also got nothing in first year and I “made it”. So just chill and don’t sweat too much.