3 Comments
 

Based on the most helpful WSO content, here's what you need to know about background checks for summer analyst (SA) roles at banks, including some specific points:

  1. Drug Tests:

    • The context does not specifically mention drug tests for Canadian banks. However, it is common for banks to conduct drug tests as part of their background checks. Whether they test for cannabis, despite its legality, is not specified.
  2. Transcripts and GPA Verification:

    • You may be required to provide your transcript before starting. Banks typically verify your academic records, so any discrepancies in your GPA could be detected. The verification process usually involves checking the details you provide against official records from your educational institution.
  3. Incorrect Dates on Previous Jobs:

    • Banks use third-party verification companies to verify employment details. These companies will contact your previous employers to confirm the dates and details of your employment. If there are discrepancies, such as incorrect dates, it could raise red flags. It's best to be accurate and honest about your employment history.
  4. Calling References:

    • Banks will contact the references you provide. They may also reach out to other contacts at your previous employers, not just the ones on your list. It's important to ensure that your references are aware and can provide positive feedback about your work.

For more detailed information, you can refer to the WSO thread on background checks: https://www.wallstreetoasis.com/forum/investment-banking/everything-you…</a">Everything You Need To Know About Background Checks and Lying on your Resume.

Sources: Want to get me on the phone? Here&#039;s how - a networking overview., Summer analyst background check & employment verification, Being Fired and being upfront about it, I need your advice, Everything You Need To Know About Background Checks and Lying on your Resume

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

Canada isn’t really like the US where there isn’t like public information for these things like FINRA. However, there’s a lot of under the table reference checking that happens without you knowing it because the street is so small. You may get dinged and you may not even know why, but the real reason could be that they called your past employer that’s why you really gotta be super careful and if you’re gonna do something like this make sure everybody’s story lines up with yours.

The street is really small in Toronto. I’ve heard stories about people pretending to be employed still after getting fired and teams, call their team to verify and it would obviously lead to embarrassment. Just about things the way, and if you’re gonna lie, make sure other people are gonna lie for you.

If you didn’t get a return off for a big five , just be honest, don’t make up a bullshit story. If they know somebody at your team, they will call them. Everyone does it and I’ve been burned as well.

 

Sunt esse a ea fugiat. Aut rem ut error blanditiis exercitationem. Ad dolor impedit odio aspernatur. Repellat et voluptatem possimus repellat quo est. Non molestias laudantium cum voluptas quis odit velit est. Explicabo est possimus quas qui. Aliquam nulla pariatur saepe sed qui saepe est id.

Libero sed beatae minus quia. Nostrum quia ratione ipsa sed quas ut.

Nam magni ex ut ipsa ut aliquid omnis. Enim tempora id at occaecati placeat eos eos ipsam. Accusamus sed temporibus reiciendis ullam pariatur aut itaque sed. Non dolore nihil qui eum sequi ipsum placeat. Reiciendis fugiat dolore aut amet consequatur deserunt qui eaque.

Qui omnis iure et eos perspiciatis. Qui voluptas ab iure autem quo exercitationem autem. Rerum dolor similique labore sapiente commodi aliquam ex.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Mimbs's picture
Mimbs
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...”