Equity Research Associate Salary? - Canada

Hi everyone,

I was going through the forum threads looking for research associate salaries specific to Canada, but didn't seem to find anything that wasn't dated or too general (not firm specific). I like to think that I have a pretty good idea of what the average base and bonus are for a first year research associate ($65-$75 base + $10-$15 bonus), but I would be interested to getting a couple of shop specific numbers, anything from the big 5 RBC/Scotia/TD/BMO/CIBC to smaller shops Cormark/Canaccord/Byron/Paradigm.

Thanks for taking the time to participate and hopefully this will become a reference thread for the future.

Equity Research Analyst Compensation Canada

Using the Wall street Oasis Company Database we can take a look at compensation figures by geographic region and title. Here's two examples.

BMO Equity Research Associate Compensation

Scotiabank Equity Research Compensation Canada

TD Securities Equity Research Compensation Canada

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Are you referring to fresh out of undergrad? I have not seen many undergrads land a position, mainly because there is so little turnover in this industry and most jobs are taken by laterals.

In Montreal, it's around 30k-50k base (dead serious) for investment funds.. PSP is the exception at 70k, I`m guessing sell-side is somewhere around 55k at Scotia, RBC, BMO, and likely 45-50k at NBF, CIBC, and 35-40k at Canaccord, Laurentian Bank In Toronto, at a well-known fund / sell-side firm my guess is around 55k-65k base

I think a 15k bonus is a bit much.. That's what BB in NYC pay as a bonus as a 1st year.

 
Best Response

I know someone who just started with a big 5 bank and his base is 90-100k with bonus expected to be ~30k. He had a few years experience with Big Four. Does anyone know what the salary increases are at the big 5 banks?

 

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