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Does it make sense to consider Toronto MMF as a US citizen?

doubleohseven

New Member
I'm interested in the program for a variety of personal reasons, but does it make sense from a strictly career sense? I'm worried about career placement and the hassle of being an international student
 

jeffsnguyen

Active Member
C++
Python
Why go backward in terms of job market and connections? You are also going to pay international student tuition rate (a lot more expensive than domestic)

Other than that: It's less of a hassle than going the other way (Canadian to US) as path to Green Card (PR) and subsequently citizenship is a lot shorter in Canada than US.
 

longgamma

Well-Known Member
C++
I'm interested in the program for a variety of personal reasons, but does it make sense from a strictly career sense? I'm worried about career placement and the hassle of being an international student

The buy side institutions are pretty good in Canada - CDPQ, CPPIB, OTPP - if thats your thing. Otherwise you can always get placed at TD Securities or BMO out of US institutes. The securities arm of Canadian banks are well funded and a good place to be as they will grow in the next decade.
 

Onegin

Well-Known Member
C++
The buy side institutions are pretty good in Canada - CDPQ, CPPIB, OTPP - if thats your thing. Otherwise you can always get placed at TD Securities or BMO out of US institutes. The securities arm of Canadian banks are well funded and a good place to be as they will grow in the next decade.
At my previous firm, when colleagues had bad luck w/ H1B visas, many went to Canada for work and did quite well. Toronto is a dynamic city, with a lot of energy and growth, which to me (completely uninformed), seems largely due to smart immigration policies. To build on long gamma's point, there's a lot going on there. When Loonie was strong to the dollar post crisis, Canadian insurance companies bought up US asset managers (e.g. Manulife / John Hancock). It's not a traditional money center, but there is plenty going on there. When I was coming up through middle office on buy side, word on the street was canadian market was pretty saturated w/ CFA charterholders, so you kind of needed one even for a back office job. Not sure how much sell side is going on there, but agree w/ @longgamma 's points. Still, probably easier to go from US to Canada w/ top MFE degree than Canada to US w/ mid ranking degree. Personal reasons are no joke, though. Take those seriously.
 

longgamma

Well-Known Member
C++
At my previous firm, when colleagues had bad luck w/ H1B visas, many went to Canada for work and did quite well. Toronto is a dynamic city, with a lot of energy and growth, which to me (completely uninformed), seems largely due to smart immigration policies. To build on long gamma's point, there's a lot going on there. When Loonie was strong to the dollar post crisis, Canadian insurance companies bought up US asset managers (e.g. Manulife / John Hancock). It's not a traditional money center, but there is plenty going on there. When I was coming up through middle office on buy side, word on the street was canadian market was pretty saturated w/ CFA charterholders, so you kind of needed one even for a back office job. Not sure how much sell side is going on there, but agree w/ @longgamma 's points. Still, probably easier to go from US to Canada w/ top MFE degree than Canada to US w/ mid ranking degree. Personal reasons are no joke, though. Take those seriously.
Also Raptors > Knicks, so you can justify drinking in sports bars
 

binomial-torrent

Well-Known Member
The buy side institutions are pretty good in Canada - CDPQ, CPPIB, OTPP - if thats your thing.
Good to know as a chinese US citizen. At this rate of things going on here...the optionality to bounce to another buy-side institution in canada would be great
 
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