13 Comments
 

Based on the most helpful WSO content, here is the information available:

MBB Toronto - 2025 Intern Process

Timeline:

  • The recruiting season for undergraduates is wrapping up or in full swing.
  • For MBAs, the recruiting process is just beginning.

Compensation:

  • Specific compensation details for MBB Toronto interns are not provided in the available content.

Culture:

  • The differences between MBB firms at this level are marginal but do exist.
  • The culture specifics for MBB Toronto are not detailed in the available content.

Intern Class:

  • No specific information about the intern class for 2025 at MBB Toronto is provided.

For more detailed and specific information, it might be helpful to check the latest threads or reach out to industry connections and recruiters.

Sources: 2019 MBB Comparison (Interview Process, Locations, Responsibilities, Perks...), IB SA 2024 Thread - Canada, Toronto - Boutique Investment Banking Compensation, IB SA 2024 Thread - Canada, MBB in Canada

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

I'll preface by saying I'm a recent grad (I think I'm on the boarderline of this being the case now). 

The general timeline for MBB in Toronto is apps open in July, close in August, and interviews are Aug/Sep or sooner

The on-campus hiring takes place primarily in Ivey (Western & Queens University), Semi-Targets include Rotman, University of Waterloo and Laurier University. Frankly, I have very little insight into where McGill and Schulich stake in comparison to these, but they would likely be semi-targets as well. 

Regarding comp, the all-in is roughly standardized with $100k CAD - $110k CAD Base for new graduates and bonuses being 10-30%. The hiring is concentrated just to the Toronot office and they bring on just a handful which leads to a lot of competition. 

The typical interview process is standardized so you'll have your HR interview, Round #1 with two cases, Round #2 with two cases and the fit check. The whole process typically stretches three weeks from the first interview.

The hiring has been dampened for the last year or so ever since they overhired in 2022 during the great resignation. I would expect maybe a few hires if any until 2025 or later.

I can't speak too much to the culture beyond second-hand experience.

Since it's already September, I would expect hiring to have concluded by now for MBB. Other firms, namely Deloitte S&O, EY non-Parthenon, PwC, Oliverwyman and Accenture. other firms have very small presence in Canada (S& has an office, but no formal job portal, FTI hires for one specific economic consulting group, etc.). 

The Canadian consulting market for established firms is extremely small - I can count the number of firms on my hand and the only office to apply for is Toronto. This is in stark contrast to the US market with other players such as Roland Berger, LEK, Huron Consulting Group, and many others across large cities. You can consider other boutique firms such as Satov Consultants, Level 5 Strategy, Revenue Management Labs, and so forth. The elite botique in the region with a growing presnece is Alpha FMC that just concluded their interviews as well from what I've heard. 

tl;dr - interviews probably over for MBB; Canadian Consulting smol, US Consulting big

 

Qui sint consequatur voluptate eos quo odit amet. Et quia ut id deleniti. Unde distinctio eligendi est harum.

Inventore assumenda atque et nesciunt minima architecto. Minima occaecati ut quibusdam debitis iusto. Nam minus et eos provident expedita.

Career Advancement Opportunities

June 2026 Consulting

  • Boston Consulting Group 99.5%
  • Bain & Company 99.0%
  • McKinsey and Co 98.5%
  • Oliver Wyman 98.0%
  • LEK Consulting 97.4%

Overall Employee Satisfaction

June 2026 Consulting

  • Cornerstone Research 99.5%
  • Bain & Company 99.0%
  • Boston Consulting Group 98.5%
  • McKinsey and Co 98.0%
  • Oliver Wyman 97.4%

Professional Growth Opportunities

June 2026 Consulting

  • Bain & Company 99.5%
  • Boston Consulting Group 99.0%
  • McKinsey and Co 98.5%
  • Oliver Wyman 98.0%
  • LEK Consulting 97.4%

Total Avg Compensation

June 2026 Consulting

  • Partner (4) $361
  • Principal (30) $294
  • Director/MD (58) $274
  • Vice President (53) $247
  • Engagement Manager (111) $232
  • Manager (167) $172
  • 2nd Year Associate (185) $142
  • 3rd+ Year Associate (115) $135
  • Senior Consultant (354) $132
  • Consultant (635) $122
  • 3rd+ Year Analyst (162) $121
  • 1st Year Associate (575) $121
  • NA (16) $114
  • Engineer (6) $114
  • 2nd Year Analyst (390) $104
  • Associate Consultant (175) $100
  • 1st Year Analyst (1152) $90
  • Intern/Summer Associate (205) $83
  • Intern/Summer Analyst (626) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”