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/biz/ - Business & Finance

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952144 No.952144 [Reply] [Original]

So I just got early acceptance to Queens University in Canada, for their Bachelor of Commerce program, which is the the most elite Commerce program in Canada, and it's tied with Western's IVEY program. The main difference between the two programs is, once you're accepted to Queens Commerce you're 'in', but at Western you have to do two years of a regular degree first, hold an 80% in university, and then you have to apply into IVEY. So this means at Western you're not 'guaranteed' a spot unless you are really smart and can pull an 80% in University level Maths and Science. For this sole reason, I believe that Queens Commerce is the better program, because you start to learn Commerce from day one, instead of learning something else and then cramming Commerce into 2 years.

The cost of each program is similar, for Queens Commerce you pay $16,000 per year for tuition, plus another $16,000 per year for living expenses, and books. This means, $32,000 a year, or $128,000 over the 4 years of your degree. At Western, it would cost $7,000 a year for the first two years, plus another $14,000 for living expenses and books. Then in the last two years of your IVEY education it will cost $24,000 a year, plus the same $14,000. This means $21,000 x 2 + $38,000 x 2 which is $118,000. So the difference is a mere $10,000 less at Western compared to Queens, but at Queens you're guaranteed to be in the program, and at Western you're not guaranteed unless you get an 80% in your first two years, in whatever program you do.

Again, I am leaning towards Queens because of being guaranteed to stay in the program, and not having to worry about reapplying, or failing even 1 course.

>> No.952147

Nobody cares about Canada.

Thread hidden

>> No.952149
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952149

>>952144

My question for you guys is, if you had the choice to pick between these two elite programs in Canada, which do have recruiters coming from US banks and companies, as well as US grad schools, which one would you pick, given this information? The schools in terms of education are pretty much exactly the same, except in IVEY where everything is crammed into two years. Also IVEY uses a case-based teaching method, while Queens uses a more dominant theory based method, but they do have cases as well, just not as heavily as IVEY.

The cost is not an issue, I will receive about $8,000 in scholarships for the entire 4 years at both schools, and I feel like the cost to attend these two institutions is very justified because of the contacts and networks you will be apart of, for positions worldwide in very high places.

I will be in debt for maybe 2-3 years after university, but I can offset that cost by living with my parents, or just living really 'frugally' to the best of my abilities, but since me and my sister are both going to university at the same time, and our parents are also high income earners, the debt is not an issue to us.

Also, can you guys tell me about the differences in Investment Banking, the stress involved, and what they really do for the first few years, as well as what Management Consultants are all about.

I never saw a Canadian Commerce thread on here, so sorry if this information has probably been posted a thousand times, but just once more, please!

>> No.952151 [DELETED] 

>>952147

What does thread hidden mean? Is there a hidden copy of Queens in the archive?

How do you search through it? I can only see one Ontario Universities thread

>> No.952159

Email some investment bankers/management consultants at the companies around you. Ask them about it, maybe even meet them if you're normie enough. Contrary to popular belief, they don't bite.

This is the beginning of your future and if you don't even bother to go outside of 4chan to find out about it, maybe reconsider. Personally I wasn't really sure of what I wanted to do until I got through some of the related classes.

Good luck, anon.

>> No.952163

>>952159

I live in the city that has the most people on welfare in all of Canada, the nearest Investment Banker / Consultant is literally 3 hours away, and they probably don't even know my city!

Anyways, I'll call up a few, thanks for that! Is it a good idea to call some of the Alumni of these programs and ask them what they think about it?

Thanks anon, you too!

>> No.952168

>>952163
You would be amazed how much people are willing to help when people are genuinely interested.

(Read the story about how Steve Jobs called Bill Hewlet when he was a kid.)

>> No.952197

>>952168

Very cool story, just read it, interesting.

>> No.952226

It doesn't really matter at all. All schools in the same tier will put you in the same jobs/income bracket. I'm sure Queens is much more fun, and you won't be needing to study something you probably aren't interested in.

You seem really excited to go to school and then start earning a lot of money. What reasons do you have for choosing business? I started school in the commerce program in one of the top schools in western Canada, but quickly realized how painfully boring it is, how 90% of my peers had no interest in actual business, and that there were hardly any employers directly seeking commerce grads. This might not be the case at Queens or Ivey since they're higher tier schools, but remember that there are jobs in every field available if you're a valuable worker. The range of salary for business grads is huge, if you're not amazing at what you do then you'll probably be making only 30-40k out of school, maybe even unemployed or working at McDonalds. If you're average with a degree in a lucrative industry, it's not hard to make $60k+ out of school.

A degree from an "elite business school" isn't as beneficial as it sounds. If you went to a random mid tier university, but started a business on the side, giving you real world experience, you'd be a much more attractive candidate to employers than Chad with his Queens BCom + internship at his father's friend's hedge fund firm.

>> No.952227

>>952144
amerifag who went hs in Canada. A lot of my friends went to Queens Commerce and Western with plans to do Ivey. I went to an Ivy without the e.

Tbh it doesn't matter which you go to, but I'd suggest Queens. Most of my classmates who went to Western ended up not doing Ivey (either low grades or lack of interest) and the two guys that did go through with it seem to have similar employment prospects to my Queens friends.

That said, if you want to do consulting you'd need experience with cases. Ivey has that built in, but at Queens I'm sure you could find a consulting club that will prep you for interviews.

At the end of the day as long as you have a 3.6+ and come from a reputable school you'll be fine. Though I don't know many Canadians that make it through the interview process in NYC at elite firms.

For grad school, aside from professional degrees, even elite schools will take you because they just want your money (as long as you're not a dumb fuck).

Entry level IB = excel bitch. Entry level consulting = ppt bitch. You're better off going to wallstreet oasis forums to learn more. Idk why you're asking on 4chan lol.

>> No.952233

>>952226
Sry this post was kind of scattered, but I just wanted to make the point that business degrees aren't the key to getting rich, and more often than not, BCom graduates end up in debt with a shitty job. Sounds like bullshit, but, if you study what you enjoy, and work hard to improve your skills, you'll find success.

>> No.952239
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952239

>>952144
>the the most elite Commerce program in Canada

>> No.952240

>>952226
>A degree from an "elite business school" isn't as beneficial as it sounds. If you went to a random mid tier university, but started a business on the side, giving you real world experience, you'd be a much more attractive candidate to employers than Chad with his Queens BCom + internship at his father's friend's hedge fund firm.

I went to school in NYC so idk if this applies, but elite firms specifically recruit at elite schools. They send recruiters that graduated from your school so you can seriously consider if the career would be a good fit for you. Also, if you intern during your junior year and do well, you can get return offers to work full time.

An elite degree buys you opportunities and connections that will provide you with better 'real world experience'.

Again, not sure how much of this applies to Canada because I peaced out.

>> No.952276

>>952240
I'm not entirely sure what OP was planning on doing, he just sounds like he wants to do w/e to make a lot of money (Like most kids do on /biz/). Also, there's not nearly as much of a market for IB in Canada as there is in the US, so I was just giving general advice.

And the only real benefit I see from an elite school is just companies coming to hire directly out of the school. You can still apply at the same companies with a degree from another school, you're just going to have to find a way to stand out. It just makes life a bit easier I guess.