xrztx, there are plenty of advantages that a co-op has on a cadetship, and also plenty of disadvantages, it just depends on the person. The variety of companies you do work with I believe are better than working with the one firm, and whilst they are not obliged to employ you after uni, having worked in more than one company means you may have multiple job offers. With cadetships you get 20k+ in the first two years working full time and then you are given grants and such in the years at full time uni. Whilst its still more than the money given on a co-op, it's not a substantial difference, and in many cases, cadets spend more time working at their firm than co-ops spend on industrial training, so that why some people prefer the accoutning co-op.
In my case, I wated actuarial studies so I applied for this cos there are no cadetships for those keen on being an actuary.
EDIT: Money is not everything too (how cliche), I only want enough to get through uni without having to do a substantial amount of part time work.