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Banks in Canada.
 

MBanker's picture
(Chimp, 13
 
Points)
 on 2/9/07 at 9:57am

I'm looking to get feedback on the actual culture that exists at Canada's banks - RBC, CIBC, TD, Scotia and Merrill Canada. When I have interviewing alot of the past couple of weeks and made it to the final rounds of RBC and CIBC but didn't get an offer. Apart from the back the each banks had only 2 positions for the Summer and interviewed 7-10 of us for the positions, the feedback that I got from interviewers was that I seemed overly positive and enthusiastic and this was perceived as being "naive" in some respects. Not sure what they meant by this. Could someone give me some insight into this? Thanks.

One of the MDs also told me that he liked the fact that I came across as enthusiastic but some other people prefer the more quiet analytical types.

If someone you give me some insight into some of Canada's banks, that would be great. The last thing I wanted was to get dinged for being enthusiastic - if that really was the reason

Thanks.

Tags:
cominghome's picture

Culture

 
Points)
 on 2/9/07 at 11:32am

The culture in investment banking is more modest in Canada. Don't lose your enthusiasim, just don't go over the top.

In addition, there are a lot of qualified people going for very few positions in Canada. Sometimes they point out stuff as feedback because they have to come up with something.

My view is that if you got to final rounds and didn't act like an ass, you probably did just fine.

MBanker's picture

Thank you

(Chimp, 13
 
Points)
 on 2/9/07 at 1:40pm

Thanks for giving me your opinion

3bg's picture

yescanada is right - the

 
Points)
 on 2/9/07 at 2:28pm

yescanada is right - the competition is tough, and you can be rejected even if they liked you.

as for culture...
rbc - hierarchical, work hard
cibc & td - nicest people
scotia - fratty assholes
merrill - they're dying but have a superiority complex from the name

MBanker's picture

Thanks

(Chimp, 13
 
Points)
 on 2/9/07 at 7:40pm

Thanks 3bg and yescanada

commie's picture

what about bmo & national

(Monkey, 37
 
Points)
 on 5/12/07 at 11:44pm

what about bmo & national bank?

CDNmonkey's picture

National Bank seemed to have

PE
(Orangutan, 348
 
Points)
 on 5/12/07 at 11:59pm

National Bank seemed to have an inferiority complex when I interviewed with them.
Quote: "We mostly co-manage. When companies think of an investment bank to lead a deal, National Bank is usually never at the top of their list."
While every bank has a certain culture, you will get a whole mixed bag of personalities during the interview process.

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