It is currently 16 Aug 2017, 14:42

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Canada vs US B-Schools

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 23 Jul 2014
Posts: 2

Kudos [?]: 5 [0], given: 10

Canada vs US B-Schools [#permalink]

Show Tags

New post 24 Jul 2014, 01:37
Fellas,

I am very new to the GMAT/MBA world and have decided to enter into a 2 year Full Time MBA Program(Finance) in 2015. I am vying for top B-schools in USA and Canada. I want your guidance in B-School selection in the two countries.

Advantages with Canada(Rotman)

1. Loan available on Full Tuition Fees without a Canadian Co-signer (Important for me since neither can I can afford the humongous MBA Fees nor do I have a Canadian Co-signer)

2. 3 year Canadian Work Permit after graduation for international students (Again important since I would need to repay the Loan :)

Do we have any such school in USA which offers the two options mentioned above?

3. Rotman is considered to be in the top 10 for Finance.

Advantages with USA(Top 20 B Schools)

1. Better(high paying) jobs
2. Network with the brightest minds in the class and make connections with people from Wall Street.

Am I thinking on the right lines here? I am pretty sure many MBA Applicants would have faced similar questions in the early stages of their Application Process.

Thanks in advance :-D

RG

Kudos [?]: 5 [0], given: 10

BSchool Forum Moderator
avatar
Joined: 14 Feb 2015
Posts: 450

Kudos [?]: 95 [0], given: 14

Location: Canada
Concentration: General Management, Operations
GMAT 1: 740 Q50 V40
GPA: 3.6
WE: Supply Chain Management (Manufacturing)
Premium Member Reviews Badge
Re: Canada vs US B-Schools [#permalink]

Show Tags

New post 06 Jul 2015, 11:22
Hey RG,

Something here to share from a Canadian's perspective.

Judging from the schools you have on your mind (Wharton '18, Booth PT '18, Sloan '18, CBS '18), you are most likely one of the more qualified applicants (GMAT 700+, GPA 3.5+), and that tells me you are likely going to get a nice scholarships from a good American school. Maybe Harvard will not give you 50k, but a full ride from the top 15~top 20 might be possible. Scholarships here in Canada are quite unimpressive. I only know of one school (Queen's) that offers a full scholarships while being a legit program. I applied to and got into McGill for this August and decided not to go for personal reasons, and the admission director told me I got one of the best scholarships - 40k, only 50% of the tuition. Also, getting into a good school significantly increases your chance of landing a high paying job.

Secondly, if you want to specialize in finance, by all means stay in the US. Wall Street is in the US, and strangely enough, lots of Canadians are over qualified in terms of certificate. Walking on Bay Street (Canadian Wall Street), 30% of the people probably already have received the CFA before they turned 30. If you want to stay in Canada and work after graduation, you will face a steeper competition in terms of certification. Pays are significantly lower here as well, and your network here will not be as helpful for you if you want to go back to the states and pursue a career there.

I think Canadian MBA's are great in quality, and are the best choices for people from other countries like China and India because they get 3 years work Visa's here that allow them to get jobs that pay them 120% higher salaries, but for an American this is not the case. Unemployment rate is a lot lower in the US now so chances are it will be easier for you to find a job south of the border and pay off the American student loans quicker than finding a job here in Canada and repaying the Canadian student loan.

The above was just my personal opinion, so make sure you take it with a grain of salt. I have been contemplating the same thing so I have done a bit of research, but it largely depends on your own situation. Hope that helps.

stevkang8

Kudos [?]: 95 [0], given: 14

Re: Canada vs US B-Schools   [#permalink] 06 Jul 2015, 11:22
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic US vs European MBA - present employment scenario Blitz15 3 12 Sep 2016, 06:55
Experts publish their posts in the topic Having some fun - our own U.S. bschool rankings PaulLanzillotti 12 19 Jun 2011, 21:31
Which US B-schools are top for management consulting? amitdesai16 4 21 Oct 2010, 14:48
LBS vs US schools (and National Discrimination) Financier 2 17 Sep 2010, 12:14
cost of u.s mba vs. canadian mba millhouse 3 06 May 2009, 14:05
Display posts from previous: Sort by

Canada vs US B-Schools

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.