As the title suggests, curious to understand an updated view on how BBs in Toronto are viewed in comparison to EBs and MMs in target cities. Currently a Canadian networking for SA2025 so would be helpful to hear anyone's thoughts!
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You could honestly be at like a SocGen tier shop in NYC vs BAML in Toronto and have your career trajectories intersect and pass each other inside of 5 years. Saying this as a Canadian who moved over - not a knock on the quality of the Canadian shops (which are very strong because they take so few people) but conversely, the opportunities are so much broader in the US that a BB-quality junior in Toronto would very quickly right-size themselves in NYC even if starting from well behind. If you have significant ties binding you to Canada (ie you stand to inherit your dad's REIT) then I get it but if you're mobile, would definitely try it. Just make sure to come single and find your SO here...and you'll get a green card out of it (and in return, can offer free healthcare in a pinch).
Super helpful insight, thank you.
Would you say MM NYC (Blair/Baird/Rothschild) is better than Toronto globals/Big 6 banks if I wanted to come back to Toronto for PE at a Onex/Altas/Brookfield?
I would say better than Big 6 but not the globals. The analysts at globals get quite a lot of looks and are primed to exit to the Canadian MFs.
Echoing the VP above. think of one step further, you think banking is limited in Canada, PE is even worse. And not to say that that’s the only option, but the exit opps in the states are so much better, and there’s more of them.
Go to the states. I spent some time in a Canadian bank and all the exits were either to the two large Canadian PE firms, or we went to the US. All you’re doing is kicking the visa process down the road lol
Generally speaking the US will be much much better for a structured career and learning opportunities . TO is a backwater for banking
that said if you went to UCC and Ivey and your dad owns a big REIT (just a hypothetical example) then you might create a great niche being the Toronto wunderkind so don’t rule that out.
in NYC you will be one of many whereas in Toronto you’ll be differentiated and perhaps get some interesting opportunities like vp finance somewhere after a few years
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