Buyside comp in Canada
Hey guys, young equity analyst at a long-only fund based in Montreal here. Wondering if any of you could share comp info for buyside jobs in major Canadian cities. More specifically, looking to get an idea of what "market" is for: 1)Base & Bonus 2)Bonus structure/calculation 3)Comp progression in the context of career development. Any employer (pension funds, HFs, family offices, etc.) is welcome. Thanks in advance!
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1st year analyst, role located in US but getting paid Toronto market rate until visa gets sorted out. 100k base and 50k cash bonus
Thank you! May I ask what type of fund you’re at?
Traditional asset manager with a one~two teams in all sorts of asset classes (public/private) and multi-asset class solutions. Really don't know anything about the structure between where I am and at the top, but high performing managers in our firm got paid over 50M in good years.
Same boat. CAD133k base CAD100k bonus
you can't be a first year analyst with this comp structure, right?
Insane, what type of firm and size?
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A friend told me that comps for a 1st-yr equity analyst at AM arms of big5 are in the 75-85 range with negligible bonus.
Curious if that’s also the case for other independent AM firms
B5 AM figures are accurate
This is really hard to believe. My group of friends went through the recruiting process and gathered data points. Big 5 sellside analyst 1st yr are getting at least CAD120K, bonus varies depending on bank. I know that for at least 2 of the big5 their AM arms wont take you unless you have 2-3 years sellside experience, so hard to see them paying below what a 1st yr sellside would make.
On another note RBC GAM rotational program is pitifully bad at only CAD95K and the pensions is where its at. A friend was offered 145k base and 105% bonus, role was asset allocation.
There are a number of people getting into buyside roles straight out of undergrad, so no prior experiences excluding internships. I think the 75 - 85k base should have shifted up a bit from 2022, and may be in the 80 - 90k range but I'm not certain. Bonus could be about 25% or so.
Working at a prominent LO AM. First year comp was in the ~150k ballpark.
Boutique? Or large institutional player?
Institutional, think $500B-$1T AUM
Can I DM you?
Yes
Could you please DM?
3yr midsize 100K salary, 100K bonus. Let’s keep these rolling in!
Mid-size what? PE?
Am equities
Guarantee this is Burgundy
Burgundy bonus is in line with IB??
Curious if anyone knows what a senior analyst makes in buyside? We need more data to help everyone in our fking opaque industry drive up comp
Exactly! Thanks for sharing!
My guess is high 6 figs with a lot of variability year/year based on individual/firm performance.
Go lower.
Maple 8 Pension Fund - Associate - 103k Base + 40k Bonus (Middle Office)
How many YOE?
what type of MO? trading, risk, allocation?
2
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was told 75 base for 1st year analyst at asset manager in calgary
Who are the top players out there?
You'd be happy with Mawer then QV.
Pension, 105k base
Bonus?
~40%
Yoe?
1
One of the Maple 8? Which asset class?
Associate, corp dev, power producer, 115k cad, up to 15% bonus....
Credit Suisse?
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2nd year analyst. Base: 90k. Bonus: ~25% - 30%
Type of firm and size?
One of the Big 5 Canadian banks. Won't mention size.
Canada is a country with European pay and American prices.
More expensive than America in most cases. And taxed more.
I'm not sure how anyone lives in Canada considering their wages, taxes, and prices. Especially housing prices. They are also allowing over a million new immigrants a year without building any housing in a country of only 39 million.... Not sure how this helps in anyway
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In montreal base is 75-85 and bonus is 30%+ at independent AM. Pension funds are at 70-100 base (seems to depend on the team and place: CDPQ on lower and PSP on higher end) and 15-50% bonus from what I've seen. All 1st yr out of undergrad numbers.
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