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kiwiiiii

Defer my offer or not

Hi, I am an international student who just graduated from BC public school. I have accepted my UofT Art&Science offer and plan to double major in econ + stat. However, I want to work in the financial area in the future, my major may not competitive as other students from Rotman or some other business schools. Also, I heard UofT has a lower GPA which might influence career or grad school. Should I take a gap year and apply the business schools(like IVEY AEO) and some targets school in the UK next year or just put it off and study in UofT. I know it is too late to ask this, but I am so confused right now. I am so appreciative of your advice and apologized for my terrible grammar. Thanks!

5 Answers

  1. I wouldn’t waste a year for that. An econ and stats degree is very respectable and would make you competitive for many different jobs, not just in finance. You’re not going to have an easy time at any school if you were to pursue this route, it’s not a major that you can half-ass whether it’s at U of T or Rye High. What is your native country? There’s no reason to go over to the UK for undergrad, you can get a fantastic education in Canada, certainly at a school like U of T.

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  2. I also think you should go ahead with what you already applied to. GPA is meaningful for post-grad but it means nothing when it comes to careers. Experience is everything, and no matter what university you go to, everyone is at the same level and has to get their foot in the door somewhere. With a big uni like UofT there are bound to be many opportunities advertised, its just up to you to chase them. In the end the type of degree is not relevant, as long as you know how to apply your knowledge you can literally turn any degree into a gem. So just work hard where you are at, put yourself out there, and good luck.

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  3. Victory lap. I have many friends that did econ degrees and all of them struggled to find a job without a master’s degree. You will not be able to compete with the business and actuarial science students for business/finance jobs with an econ degree. Now you could compete for quantitative finance jobs with stats if it is an applied mathematics degree. But if you can get into Ivey or Queen’s commerce, these are far superior options. If you can get into top schools like Oxford, Cambridge, and LSE in the UK, these are also superior options.

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    • Also, why do you need to go to graduate school for business? The vast majority of business jobs hire out of high school, college, and undergrad. Graduate school is for people who want to pursue higher studies in academia or a professional degree. Even an MBA is redundant if you already have an undergraduate degree, and very expensive and dime a dozen now. Sure if you want to teach and do research, look at graduate studies options. But if you just want to work and build a career, you can do this straight out of undergrad. And, yes, grades matter and many employers will have GPA cutoffs for their summer positions. But a lower GPA from a top tier program is always better than a high GPA from a mediocre program. For business, where you go matters. The problem in your case is that economics is a social science degree. You need a master’s degree minimum to compete for these jobs with other business, applied math, and actuarial science grads. Statistics is more useful but in different jobs than what you are looking to go into. They are not hiring stats majors for finance jobs.

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