Banks that Pay USD in Canada

Thought it'd be helpful to share some information I've gathered and see if others have more data points during the current hot lateral market


Pay USD equivalent (either USD directly or USD converted to CAD at FX)

Evercore

JPM

Lazard

Rothschild


Pay USD equivalent for either base or bonus only

Citi (USD for bonus)


Pay CAD

GS

 

Looking at home sale postings is so discouraging. Work you but off -> make $250k -> pay 40% in tax -> barely qualify you for a detached home in TO/VAN.
I don't feel sorry for home owners who have dipped into their equity to put down payments on investment ppties if it comes crashing down.

 

Sorry when u say USD equivalent, do you mean the USD amount but in CAD (i.e for EVR 120k CAD base for A1s) or the USD amount fx adjusted to CAD?

 

Do most of the banks that pay in USD (fx adjusted to CAD) adjust for a lower fx rate than usual? Or else EVR AN1 base in Canada would be like 150k? I recall a buddy at JPM getting around 95k CAD previously in their Canadian office back when their base was 85k USD (taking the actual fx rate would've made it ~110)

 

At the end of the day, it’s the all-in comp that matters. All of the legit BBs and EBs in Toronto will pay a premium to the Canadian banks

I think most (if not all) of the global s are at or above C$100k base for first year analysts now, with the EBs reaching $115-125k base. These firms also increase analyst base each year by $10-15k 

All in comp this past summer for top first year analysts at global banks was generally C$195-200k, with some standouts making more

 

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