Hi Guys,
I'm a 3rd year student,looking for/preparing for summer internships in IBanking, does anybody have any information about working in IBanking in Toronto? consider exit opps, good/prestigious banks, and potential MBA application clout.
Thanks
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Im from canada actually, but
Im from canada actually, but i went to princeton, im sure that the ibanking pay is very low (50k+45-60k).
which school are you from?
which school are you from? how's recruitment there?
bapebanker, you went to
bapebanker, you went to Princeton but never learned to shut your mouth when you don't know what you're talking about?
Pay in Canada is equal to slightly higher than U.S. at the analyst levels (1st years get $60-75k salary plus the typical 50-120% bonus), comparable to slightly lower at the associate level, and much lower as you go further up.
As for the OP, do a forum search. In my opinion, RBC and CIBC (M&A) are really the only Canadian banks worth being at (and with CIBC scaling back in the States, even it's iffy); GMP is a strong boutique...BMO, TD and Scotia will all limit your exit options if you're looking at going to PE or an American bank.
If you plan on staying in Canada, you may not need an MBA. Canadian banks will frequently promote analysts to associate (and then higher).
Says the intern... RBC and
Says the intern...
RBC and CIBC M&A are the top groups. However, if you are good, you can go into PE or a US bank from anywhere. Being in an M&A group at any bank makes it easier, but your career isn't "over" if you end up in an industry group somewhere. Scotia, Genuity, TD, BMO, wherever. Despite the impression some people have, performance does matter and headhunters don't blindly target the analysts from one or two groups, ignoring everyone else. Find a place with people you like and tear it up. Common advice but true.
Also, with regards to CIBC. Nesbitt is a huge fan of advisory because it produces massive fees with little capital or risk. CIBC M&A will be an excellent place to work for a long time.
Bay Street is so small that it isn't the biggest deal where you start. Get your foot in the door and then worry about what you want to do next.
BMO Mining, TD telecomm,
BMO Mining, TD telecomm, Genuity, as well as other US boutiques have some of the best talent out there.
Agreed - Those three places
Agreed - Those three places are arguably the best at what they do.
which month do the
which month do the recruitments start?