MBB Toronto
Is the 2025 intern process wrapped up at MBB Toronto? Any insights into timeline, comp, culture, intern class
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Based on the most helpful WSO content, here is the information available:
MBB Toronto - 2025 Intern Process
Timeline:
Compensation:
Culture:
Intern Class:
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
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lol someone really wants to know
del
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
del
Any insight on full-time post-MBA hiring?
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