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both are excellent. and better than the normal commerce degree - out of the 2000+ graduates each year - its gonna be the cadetship/coop that differentiates you.
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-you have to be really bad to not be offered a job when you come out of cadetship of co-op, so I don't think the grad recruitment consideration is an issue. You look much better as a fresh BCom grad with good grads, rather than a Cadet with experience who was not offered a job with his/her former firm
um whether co-op/cadetship is better is debatable, I've found experience is overrated. The problem with Cadet and Co-op experience is that its mainly low level clerical work. True, when you start off as a grad, you automatically are a Accountant level 2, but thats the same as a 3 yr bcom'er with 1 yr experience as an accountant 1, which you achieve in the same amount of time
I believe its better to focus on doing the best you can for a BCom, which allows you to assess your options as you go through it and apply for Vac work, which generally leads to a grad position as long as you don't go stuff around at the firm.