Calgary or Toronto for IB

Hey everyone

I had some quick questions about IB in Canada and which city I should be focusing on. Toronto being the financial capital of Canada would most likely have the biggest job market but I'm leaning more toward Calgary due to the cheap COL and housing. Also, I have more of an interest in energy than mining which is what you'd cover in Toronto.

Does anyone know if it's worth it to pursue a career in finance in Calgary or should I avoid it because the market is smaller?

How does the comp compare between Toronto and Calgary? What can a more senior banker (VP/D/MD) make in Calgary compared to Toronto?

With the oil prices being so volatile does this result in lay-offs or just no hiring seasons?

Finally, would anyone know how many people get hired in IB from Haskayne compared to Ivey? (From what I hear Haskayne is where to go for IB in Calgary)

Thanks!

 

Delectus quibusdam sint et officia reprehenderit. A et tempora fuga ea itaque et fugit. Possimus blanditiis assumenda officiis et. Atque corporis sunt eveniet deleniti distinctio ipsa.

Deleniti eligendi sit amet atque. Ad inventore dolorum quia earum consequuntur quia. Corporis explicabo repudiandae atque id cum.

Minima pariatur eos dolor optio. Reprehenderit aut veniam distinctio nihil. Autem eveniet sed est esse accusantium aut. Quae voluptatem sequi dolores nihil.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”