Bay Street

Hey everyone

I'm an incoming freshman at a non target in Toronto and my goal is to break into IB. I know that my school has very little presence on bay street so I was wondering, would target school analysts ever respond to non target students and does anyone have any insights on which banks are most open to non targets?

Thank you

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

You would have to work harder but anything is possible, especially as you are just a freshman. Make sure to take the steps necessary to get good grade + network + be ready for next year's recruitment process. Depending on your school you would probably have a better chance at the Canadian Banks (especially if they do OCR) than the US BB/EB as they are way more selective. However, certain Canadian 'non-targets' with Coop programs (Laurier, Waterloo) place kids at top spots on Bay Street pretty consistently. Another option would be to transfer to a program like Ivey for your junior and senior year, then you'll definitely get looks from Toronto and even New York

 

Cum et corporis perspiciatis quisquam omnis. Quo sed id ipsa eius eveniet enim.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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

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...”