2024 Toronto Big 6 Front Office Salaries
Hi everyone thought it would be useful to consolidate $CAD street salaries here. I’ll update the thread topic as more data points are posted.
Known Toronto Salaries:
- Analyst, Investment Banking: $105K (2024)
- Analyst, Global Markets: $90K (2024)
- Analyst, Global Credit: $90K (2024)
- Analyst, Global Transaction Banking: $90K (2024)
- Analyst, Investment Banking $105K (2024)
- Associate, Investment Banking $140K (2024)
- Analyst, Corporate Banking $105K (2024)
- Associate, Corporate Banking $140K (2024)
- Rotational Associate, Global Markets $100K (2024)
- Non-Rotational Associate, Global Markets $120K (2024)
- Analyst, Global Transaction Banking $95K (2024)
- Associate, Global Transaction Banking $130K (2024)
- Analyst, Investment Banking $100K (2024)
- Analyst, Corporate Banking $90K (2024)
- Analyst, Global Markets $95K (2024)
- Analyst, Global Transaction Banking $75K (2024)
Scotiabank Global Banking and Markets
- Analyst, Investment Banking $100K (2024)
- Analyst, Corporate Banking $90K (2024)
- Analyst, Global Markets $90K (2024)
- Analyst, Global Transaction Banking $70K (2024)
- Analyst, Investment Banking $100K (2024)
- Analyst, Corporate Banking $90K (2024)
- Analyst, Global Markets $90K (2024)
- Analyst, Global Transaction Banking $90K (2024)
National Bank Financial Markets
- Analyst, Investment Banking $100K (2024)
- Analyst, Corporate Banking $100K (2024)
This is super helpful, thank you!
Bonuses are what we want
Let’s see “Intern in IB - Gen”’s bonus
You tryna go band for band with me Mister?
Why will nobody tell me what bonuses are? I'm begging for even just a ballpark.
60-100% analyst. 80-175% assoc
Damn you guys are worrying about these dogshit big five banks. 105 CAD is 76K USD after 80 hours of week of work. Working and stressing over these places with these pay? That’s actually trash. Even Piper Sandler pays better than some of these alleged competitors for globals.
You're not earning these CAD salaries in New York, dude. You've got more purchasing power making 105 CAD in Toronto than 105 USD in NYC.
That’s a lie people have sold to you. Your purchasing power is a lot less here than in NYC. You will reach a cap very quickly.
Are you the guy who got laid off and now shits on every big 5 / td thread? move on man.
I work in NYC, sorry bud, another swing another miss.
Hi leafblower, still unemployed?
Since when is RBC/TD 105??
I wonder too. Know by fact RBC IB is 100k base
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Del
Candia is a horrid country.
Very insightful
RBC CB Associate base 120-135
Are we sure TDS Asso CB pays 140k base? More 110-120
Can confirm. TD has rapidly increased A&A salaries over the last 2 years
IK its only $5k but is RBC and TD really paying more?
Was under the impression RBC paid 95k for AN
New RBC analysts are being hired at 105
Global credit is middle office at RBC. Not sure why you included it
^
Any insight on TD Corp Banking Intern Salary?
SA24 at 105
105K for 9-5 and 2 days WFH?
Anyone have insight on the Globals and how base / bonus differ? From my understanding, base is typically higher but bonus is lower as a % compared to the Big 6. Also - does base differ across the Globals? I saw Jefferies base was $135k for Toronto but I though Globals paid US salaries in CAD, i.e., $110k.
I don't know the levels for every global bank, but Analyst 1 base salaries for the global banks in Toronto are typically C$110 - 135k, and increase by C$10-15k per year - i.e. an AN2 would get C$120 - 150k base (while Canadian banks are flat $105k across all analyst years)
Bonus is generally around 80-100% of base, so around $200-220k all-in for An1 and $250-270k all-in for AN2
Doesn't EVR pay Canadian analysts based on the US salaries? Nice 30% bump from currency conversion if true.
Get out of Toronto if you can! Dollar is so weak man. USD is the world reserve my friends.
These kids are trying to be good enough for Toronto IB let alone finance jobs. Moving to the US has been the best decision I’ve ever made. I made $320K (20K vested) USD as a post MBA associate out of school. Had I gone to business school in Toronto they would’ve made me start as an analyst at 29. It’s so stupid. It also pains me seeing all these kids struggle because it’s not their fault, their socialist government fucked them, and these firms gate keep because they can.
Does anyone know what bonuses typically look like in corporate/transaction banking?
Super curious as well about transaction banking
I’d love to know as well
This is super and helpfull ,Thanks
Have close buddy at CIBC can confirm they raised to 105k for AN1.
120K base in the US.
Scotia is literally the 💩. Pay is one thing, they set this new rule that analyst can’t be promoted to associate unless being on the desk at least 2 years full time in S&T. You are also required to do 9mo rotation minimumly. So you are looking at 3Yr (cus promotion season isn’t til Aug) minimum as an analyst DOESNT MATTER how good you perform. And bonus is also 💩💩💩. So you are getting paid 95k like interns even tho many juniors are taking on huge responsibilities and perform extremely well. There, I said it 🤡 Source: my partner works there :)
Crazy stuff
RBC and TD are 100k
Is that RBC IB or S&T?
Any data points on VP and above?
Depending on the bank and team, VP base salary sits around 165-175K
Relative to US, VPs in Canada live on food stamps regardless of bank.
VP is 150 for S&T I think.
How are VP bonuses in the Big-5?
Bump
Deleted
TD Analyst IB base is C$100k first year, C$105k second year.
TD Associate IB base is C$135k first year, C$145k second year, C$155k third year.
BMO Associate IB base is C$135k for all three years.
What about for S&T? Is Associate 120k flat for all 3 years?
those are pretty good associate salaries. any idea on bonus and what hours look like at TD?
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del
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CIBC summer analyst CB offer is 95k
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that aligns with full time as well
Do you know what bonuses are like for CB at different levels?
Why are we discussing bases? Bases don't matter, it's all-in comp (AKA bonuses) that matter.
Anyone have info on RBC corporate banking pay? Think it’s different from their global credit
It’s higher for sure, likely similar to street at 95-100k but not 100% confident. Global Credit is wrong on this post though, I interviewed a few months ago and their base is 75k not 90k, don’t know if they decreased it since 2024 or something but it’s definitely not the same as CB
Thanks! Any ideas on the typical bonus range for their CB?
Bump
bump, need an updated version for this year pls
Bump. Thanks for putting this together, this is super helpful for tracking street salaries in Canada.
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