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Canadian SchoolsTop Placement

Western University Investment Banking Placement (2026)

Ivey Business School

London, ON
IB Rate: ~30-35% of Ivey HBA students pursuing IB
60-80 students annually into IB

Top Bank Placements

RBC Capital Markets
TD Securities
BMO Capital Markets
CIBC Capital Markets
Goldman Sachs
J.P. Morgan

Overview

Western University's Ivey Business School is the undisputed top feeder into Canadian investment banking and one of the strongest IB pipelines globally. Ivey's case-based HBA program produces graduates who are polished, client-ready, and technically proficient—a combination that both Canadian Big Five banks and global firms find irresistible. Every major Canadian bank's IB division (RBC, TD, BMO, CIBC, Scotiabank) recruits heavily at Ivey, and the school also places into US bulge brackets and elite boutiques. Ivey's AEO pathway lets students commit to the business school early, creating a pipeline of motivated, finance-focused students. The Ivey alumni network in Canadian banking is extraordinarily deep—many of Canada's most senior bankers are Ivey graduates, creating a powerful top-down recruitment dynamic. Ivey is to Canadian IB what Wharton is to US IB.

Placement Details

Ivey sends more students into Canadian IB than any other school. RBC Capital Markets, TD Securities, BMO Capital Markets, and CIBC Capital Markets each hire large Ivey cohorts. Scotiabank and National Bank are also active. Ivey also places into US banks—Goldman Sachs, J.P. Morgan, and Morgan Stanley hire Ivey graduates for both NYC and Toronto roles. Placement spans M&A, leveraged finance, equity capital markets, and industry coverage across Toronto, Calgary, and NYC.

Key Programs & Clubs

Programs

  • Ivey HBA (Honors Business Administration)
  • Ivey AEO (Advanced Entry Opportunity)
  • Economics

IB Clubs

  • Ivey Investment Banking Club
  • Ivey Finance Club
  • Western Investment Club

Recruiting Process

Ivey's Career Management provides dedicated IB support with one of the most structured recruiting processes in Canada. Banks present on campus in September, with applications opening in early fall. Canadian IB recruiting runs on a slightly different timeline than the US. The IB Club runs intensive training with weekly technicals and mock interviews. Networking events in Toronto are organized regularly. First-round interviews typically occur in October-November.

Tips for Western Students

Get AEO status and enter Ivey—it's the most important step. Once in Ivey, the infrastructure supports you. Join the IB Club immediately for structured preparation. The Ivey alumni network is your greatest asset; Canadian banking is relationship-driven, and Ivey connections run deep. Case-method skills translate directly to banking—be prepared to discuss business cases in interviews. Consider both Canadian Big Five banks and US firms to maximize optionality. A 80%+ average in HBA is competitive.

Frequently Asked Questions

Is Ivey the best school for IB in Canada?

Yes, Ivey is widely considered the top feeder into Canadian IB. It places more students into Canadian bank IB divisions than any other school. Queen's Smith is the closest competitor. For US IB, Ivey also places well.

How does Canadian IB recruiting differ from the US?

Canadian recruiting runs slightly earlier (fall applications with fall/winter interviews) and is more relationship-driven. The Big Five banks dominate the market. Total compensation is lower than NYC but cost of living is also lower. Many Canadian bankers later transition to US roles.

Can Ivey students get US IB roles?

Yes. Goldman Sachs, J.P. Morgan, and other US banks hire Ivey graduates. Some take roles in Toronto offices of US banks, while others secure NYC positions. Work authorization (TN visa) makes US placements feasible for Canadian citizens.

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