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20 Jan 2006, 23:01
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This is a common dilemma for people entering B-school in Canada. I've posed this question to everyone who's willing to listen. I hope I could get some additional insight here on this board. The two schools are very close in terms of ranking and quality. The biggest differences between the two schools as I see it is:
Ivey (1-year program)
-The school has converted to a 1-year program. The program will start for the first time this May.
-Strong Alumni
Rotman (2-year program)
-Strong finance group
-internship opportunity
As background, I'm an engineer looking to switch careers to finance (investment banking or investment management). The obvious choice is Rotman. It'll give me the opportunity to get some experience with the internship and it also has a strong finance group. However, I wonder how important is the internship? Also, can the strong alumni at Ivey compensate for the lack of experience?
On the surface it may look like you can not possible teach the same amount of information in the 1-year program as you can in the 2-year program. However, on closer analysis the in class time between the two programs is not very different. Ivey will have 42 weeks of learning while Rotman's 2-year program has a total of 52 weeks of learning.
In short, I'd like to do the 1-year program for the obvious financial benefit, however I do not want to compromise my chance of getting a good job just for the sake of spending less time in school.
PLEASE HELP
Ivey (1-year program)
-The school has converted to a 1-year program. The program will start for the first time this May.
-Strong Alumni
Rotman (2-year program)
-Strong finance group
-internship opportunity
As background, I'm an engineer looking to switch careers to finance (investment banking or investment management). The obvious choice is Rotman. It'll give me the opportunity to get some experience with the internship and it also has a strong finance group. However, I wonder how important is the internship? Also, can the strong alumni at Ivey compensate for the lack of experience?
On the surface it may look like you can not possible teach the same amount of information in the 1-year program as you can in the 2-year program. However, on closer analysis the in class time between the two programs is not very different. Ivey will have 42 weeks of learning while Rotman's 2-year program has a total of 52 weeks of learning.
In short, I'd like to do the 1-year program for the obvious financial benefit, however I do not want to compromise my chance of getting a good job just for the sake of spending less time in school.
PLEASE HELP
21 Jan 2006, 07:16
Kudos
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I would view this as more of a three way contest between York, Western Ontario, and Toronto. However, since you asked about Rotman and Ivey I will focus on them.
Between these two schools, I prefer Rotman.
1) Program Design- I should state upfront that I have strong reservations regarding Ivey's program design. I see an important distinction between a school like INSEAD that has trumpted the virtues of the one year program from the start and a school that has stressed the importance of the second year pretty much right up to the point of the conversion. What has really changed between (say) 2001 and 2006 that makes a one year program more appropriate at Western (the assertion that the "global business environment is changing" does not seem to be much an explanation to me)? Even if the classroom hours of the new program approaches those of the old program I am still not convinced- the more time spent in class means the less time you have to discuss with peers outside of class and ruminate over the theories you learn on your own time. The availability of an internship is particularly important if you are switching careers.
2) Location- I prefer schools located in major metro areas. If one is interested finance, proximity to Toronto makes a lot of sense.
3) Specialization: Greater ability to specialize at Rotman
Between these two schools, I prefer Rotman.
1) Program Design- I should state upfront that I have strong reservations regarding Ivey's program design. I see an important distinction between a school like INSEAD that has trumpted the virtues of the one year program from the start and a school that has stressed the importance of the second year pretty much right up to the point of the conversion. What has really changed between (say) 2001 and 2006 that makes a one year program more appropriate at Western (the assertion that the "global business environment is changing" does not seem to be much an explanation to me)? Even if the classroom hours of the new program approaches those of the old program I am still not convinced- the more time spent in class means the less time you have to discuss with peers outside of class and ruminate over the theories you learn on your own time. The availability of an internship is particularly important if you are switching careers.
2) Location- I prefer schools located in major metro areas. If one is interested finance, proximity to Toronto makes a lot of sense.
3) Specialization: Greater ability to specialize at Rotman
21 Jan 2006, 23:50
Kudos
Bookmarks
Thanks for the reply Hjort. I agree with many of your points particularly the opportunity to specialize.
What I'm trying to figure out is the importance of the internship. At the end of the day it's only about 3.5 months of an internship in an investment bank, how can this have such a significant impact on someones success of finding a job post-MBA?..........I'm thinking that the recruiters are looking for examples of leadership, initiative, critical thinking skills. These skills are not going to be very evident in a 3.5 month internship at a place where you hardly had a chance to step through the door and get settled in, never mind displaying leadership and initiative. Am I wrong?
What I'm trying to figure out is the importance of the internship. At the end of the day it's only about 3.5 months of an internship in an investment bank, how can this have such a significant impact on someones success of finding a job post-MBA?..........I'm thinking that the recruiters are looking for examples of leadership, initiative, critical thinking skills. These skills are not going to be very evident in a 3.5 month internship at a place where you hardly had a chance to step through the door and get settled in, never mind displaying leadership and initiative. Am I wrong?
