I am applying for law school this October and I know that (i) one can only apply to Ivey after receiving an acceptance from the law school, but my question is (ii) does Ivey waive the 2 year work experience requirement? I am someone who does not know if they will stay in law forever. I have always wanted to do a MBA because business may be a potential route for me.
(i) I'm fairly certain you can apply to both at the same time. If you don't get into law school, however, then you will have to write the GMAT (as I'm sure you know, if you do get into law school and you have a 160+ LSAT score, then the GMAT requirement is waived).
(ii) Not that I'm aware of. (Based on personal experience.)
Would you happen to know if the one year of full-time employment has to be in a particular business field or can it be anything?
I don't think they look for experience in any particular field. Rather, they tend to look for people with "leadership potential." In other words, it isn't so much what you do as how well you've done it. For instance, someone who can show that they've had steady or rapid career progression would be a strong candidate. So too would someone who has demonstrated entrepreneurial acumen and/or initiative by, for example, starting a small business or working for a startup.