Let’s get together here and provide insights on what the Canadian banks and Globals in Canada have paid for 2012 bonuses at the junior level (talking about 1st and 2nd year analysts) – there is a lot of chatter about the BBs down in the US but nothing in Canada: so I’ll start – please provide a range if not a #, or based on % of base.
NBF: 40 – 50% of base
RBC:
TD:
BMO:
CIBC:
Barclays (Canada):
Goldman (Canada):
CS (Canada):
JPM (Canada):
MS (Canada):
BoAML (Canada):
Citi (Canada):
HSBC (Canada):
UBS (Canada):
Nomura (Canada):
Evercore (Canada):
Macquarie (Canada):
A lot of the international banks hand out 2012 bonuses in the summer of 2013... but I assume a gross bonus of 40-50% of base for those guys.
bump this
bump
I'm a bit removed as I no longer work in Toronto, but this is what I've heard from the last bonus cycle:
Canadian banks definitiely outpaid the global banks on a total comp basis. AN1s at the stronger Canadian franchises (RBC, BMO) got $140-160k all in, so ~75-100% of base. I believe AN2s were closer to $180k
Global banks paid closer to 50% of base, so ~120-140k all in for AN1. Keep in mind that the global banks generally pay higher base salaries, and have the salary bump at each level (+10k/yr)
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