Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Probably Brookfield or IB at globals
What’s comp like at the globals, are they much higher than B5 at the analyst and associate levels?
There are some that pay in USD. Add that on top of Toronto street base being ~95k CAD vs 110k USD for USD paying globals and the difference is enough.
Globals pay higher base but reduce bonus so that its inline with street - Globals don't have the same promotion opps as a B5 to. Long term comp wise, apart fro the small amount of MFs here, B5 coverage is probably best WLB verse comp
Lmao they don't "reduce" bonuses. You probably read that one comment that said the exact same thing. It was just a shit bonus year which was low bonuses for everyone including Big 5. Some pay in USD too which means even higher comp. Big 5 salaries in Canada are just way too low compared to NY street.
Yeah the reduced bonus thing isn't true
What does Brookfield pay?
Not sure I'd set my plans based on the very limited intake that Onex / Altas has per year.
Not really adding value here, but Canadian comp is so fucking ass.
Makes me want to dip to the US but unfortunately would have to leave behind a lot......
If you want to get paid big in Toronto don’t do IB thinking you will be owning a home anytime soon. For those calling me a hater let’s do the math here with a tax calculator. 400k after tax is 220k, that seems fair am I right? All that work will lead you to being house poor and never living like how you dreamed of getting to.
https://salaryaftertax.com/ca/salary-calculator
The highest paid jobs in Toronto are the ones you create. I have friends who started their own consulting practices who have used holdcos to their advantage are now living way better than some of my friends at Globals. Canada isn’t an entrepreneurial country and that’s really what they need. That’s why it’s so competitive in Toronto compared to other places for these roles because there is an oversupply of candidates and not enough roles.
So my answer to you is start your own business, whether it’s a brick and mortar or anything. You’d be surprised as to how many different paths there are to success than circle jerking over IB, and this coming from someone who’s planning on leaving soon.
Best of luck!
Agreed completely. You would be shocked how many owners have high 6 figure inflows with reasonable work hours. Even take a look at compensation on CapIQ for micro cap Canadian companies if you want some tangible data
You've hit a really interesting note here. Canada really REALLY isn't an entrepreneurial country. The risk aversity is actually super frustrating and I see it in almost everything. Selling deals and diligence are just so much more intrusive here as an example.
It's mind boggling to me as an "outsider". Given the social safety nets, the abundance of government funding support for small business, both federal and provincial, and fairly easy access to US capital, you'd think that wouldn't be the case.
well youd expect the country that refused to fight the britsh for freedom to be risk averse pussys. nothing out of the ordinary here
Maybe my extended family there are anomalies but they had a family business that's been around for almost 2 generations now (blue collar business but it provided the family a fairly upper middle class lifestyle). Although the younger generation (my cousins) for the most part work in Toronto in white collar jobs (not entirely sure but I think one or a few of them did take over a lot of the day-to-day work of the family business). Last time I spoke to one of them, I was surprised how stagnant job growth is there (this was pre-pandemic).
Will agree with that sentiment though. The few Canadian business professionals I admire are almost exclusively business owners
At a Canadian target and have heard anecdotally that Rothschild TO pays the best at the analyst level with base and bonus matching Roth NY in USD
Can second.
Same
A plane ticket to the US with a visa
you’ll thank me later
Setter Capital pays the highest
How much
He's being ironic.
Toronto is literally the worst city to be in purely IB wise when compared to the major North American financial cities (New York, Chicago, SF, LA) - People only stay or come back because of family roots
Onlyfans
Brampton Landlord!
Have heard that Turtle Creek Asset Management has ridiculous economics if you want to do LO
$2b amongst a investment team of ~12...
Founders seem impressive
Illum beatae corporis quia reiciendis cumque qui. Reiciendis neque enim et vel sed ex. Laborum consequatur dolor sed cum. Laboriosam mollitia excepturi est perspiciatis quia quis.
Voluptas ut dolore quibusdam et eos aut. Aperiam consectetur harum nam dolorem rerum atque. Quod quas et non quos. Quo dolores sed neque.
Aut nam omnis veniam tempora nam. Impedit quod quo ab a. Quasi molestiae debitis dignissimos iusto. Odio excepturi illo in voluptatem dolor eum. Quae qui natus magnam voluptate corrupti quidem repellendus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Eum tempore dolore adipisci commodi provident iste a. Quidem minima ducimus deleniti ab. Iure ut et vitae ex.
Fugit minus aut dolorem consequatur deserunt. Esse quas sint ratione cum veniam. Molestiae aut voluptatum aut ipsam aperiam exercitationem.
Similique et omnis odit consequatur qui inventore. Similique incidunt esse assumenda qui. Ut dolorem consequuntur reprehenderit ut. Veniam ducimus quo culpa nihil soluta.
Et dolorem aliquid minima quis. Sint ut quia earum qui. Est corrupti non aut ea et est sit. Voluptatem harum adipisci perferendis facilis rerum recusandae.