PE Comp in Canada - Non-Pensions

I feel that there is fairly good color on compensation at the Canadian pensions, and at certain globals like Brookfield and Altas, which pay lights out (especially the latter).


I'm more curious about compensation at associate, and if applicable, analyst programs at the middle market shops like Torquest, Birch Hill, Novacap, etc? For example, I know Novacap has traditionally had a rep as underpaying at least at the analyst level, but curious if still the case?

 

General rule is that the MMs in Canada pay a bit less than the pensions - think street is roughly within a 10% delta of $220k for AS1, with maybe an exception or two above and below that. There's something to be said about being at the MMs vs. the pensions and Canadian megas, but on a strict $ / hour basis, you're going to have a lot worse deal at the MMs as a junior. 

Can't comment on Analyst positions, lot of MMs historically don't have Analysts. I am probably missing a few, but I can only think of Imperial and Novacap doing those off the top of my head. 

 

CAD. I think part of the reason for their garbage comp is that roughly half of the juniors sit in Montreal, and (from what I heard) they don’t want too much disparity in junior comp between the Franglish and Toronto offices.

Also of note with Novacap TO roles is that Robertson & Co. does all the recruiting. Absolute shit sandwich dealing with them; the epitome of unprofessionalism.

 
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