Financial Engineering in Toronto

MFE Student · 7/19/15

Hey everyone

After this summer I will be going into my second year of one of the top 3 programs on the quantnet rankings. Currently I am interning at a proprietary trading company in the US. After graduating I hope to move into some sort of trading or quant analyst role in Toronto. Location is a must as this is where I from and where I want to go back to after graduating.

My question is does anyone have any insight on the financial engineering scene in Toronto? I really can't find any postings for relevant jobs even from the big banks. Does anyone know of companies that I should be targeting?

Thanks in advance for your advice and input.

Keith Tan · 7/20/15

sadly there are, but almost none... your lifesaver is through recruiters.

MFE Student · 7/20/15

Keith Tan said:
sadly there are, but almost none... your lifesaver is through recruiters.

Where do I find these recruiters?

Keith Tan · 7/20/15

the specialized ones are usually on Bloomberg, or you can try the usual like Hays.

Rockoo · 7/20/15

Banking in Toronto is really small. Although I am not sure about Quant roles, I know that they only hire 20 Investment bankers (transactions/M&A etc) per year across all banks.

Ryan Shrott · 7/20/15

Rockoo said:
Banking in Toronto is really small. Although I am not sure about Quant roles, I know that they only hire 20 Investment bankers (transactions/M&A etc) per year across all banks.

Where are you getting this statistic from?

MFE Student · 7/20/15

Keith Tan said:
the specialized ones are usually on Bloomberg, or you can try the usual like Hays.

I have never used either of these, thanks for the suggestion I'll check them out

okmijn · 7/20/15

Why don't you want to work in the US? There are a lot more opportunities there.

Ryan Shrott · 7/20/15

okmijn said:
Why don't you want to work in the US? There are a lot more opportunities there.

He said he was from Toronto. Many people, including myself, like to stay close to home.

okmijn · 7/20/15

Ryan Shrott said:
He said he was from Toronto. Many people, including myself, like to stay close to home.

In this case, how is the MMF valued compared to a top 3 program since the former is specifically catered to the market in Toronto?

Ryan Shrott · 7/20/15

okmijn said:
In this case, how is the MMF valued compared to a top 3 program since the former is specifically catered to the market in Toronto?

I am starting the MMF program at U of T in a few weeks. Before I decided to accept Toronto, I made a few cold calls about the value of MMF in comparison to other programs. I mostly asked about the value of Waterloo vs. Toronto.

In regards to your question though, I was told by the recruiters at RBC (in Toronto of course) that MMF is very highly regarded in comparison to other programs.

JLevin · 7/21/15

Speaking of the MMF program, they have a sponsors list which looks pretty solid:

mmf ★

Could start by contacting companies you fancy here?

MFE Student · 7/24/15

JLevin said:
Speaking of the MMF program, they have a sponsors list which looks pretty solid:

mmf ★

Could start by contacting companies you fancy here?

That's a great idea, thank you so much for the advice!

MiloRambaldi · 7/24/15

MFE Student said:
That's a great idea, thank you so much for the advice!

Good luck with that. Toronto is not remotely comparable to the US or London, and not just in scale.

Financial Engineering in Toronto

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