Trending Content - Investment Banking Forum
Career Resources
WSO Free Modeling Series - Now Open Through
October 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
In general, RBC > TD >> BMO >>> CIBC >>>>>> Scotia.
These can change quite a lot depending on group though.
RBC > BMO > TD = CIBC > Scotia
From what I saw, BMO is leading M&A
Cope
Yeah BMO is the best canadian BB
see table for 2021:
How easy would it be to making a move from BMO M&A to an EB or BB which sponsors in NY?
not sure, I'm in CB in Canada. Anecdotally I've heard it's quite doable but figuring out the sponsorship situation requires a lot of networking
Not likely. BMO has zero rep in the USA
way lower than RBC
I would say it would still be pretty difficult. The Canadian market is just so different than the US market so even though BMO leads m&a in Canada, that doesn't old too much merit in the US. A once a year mega deal in Canada is a regular Tuesday night for an analyst in the US. Plus you will be competing with other analysts in the US. Although its definitely possible, I wouldn't say that it would give you all that much of an advantage. But this is just my opinion, I might be wrong.
Does anyone know what the hours are like at BMO in Toronto, particularly for the M&A group? Do they give the juniors some dedicated time to workout? If anyone has knowledge about additional perks that would be great.
Hours in BMO Metals & Mining and BMO M&A (if you're staffed on mining transactions) are RIP. Hours are chillest for Tech & Business Services, ECM, DCM, Infra finance and FIG is decent too
Bank rankings depends on who you ask but a common view is RBC > BMO > TD > CIBC = Scotia.
Most people view rankings on a group basis rather than bank basis (ie. CIBC M&A > RBC DCM)
RBC M&A = BMO M&M > TD CMT > BMO M&A = TD M&A > Scotia/CIBC M&A etc.
I had no idea that TD CMT was considered one of the top groups on the street. I guess it makes sense because they are working on the Rogers Shaw deal.
Lost a pretty baller MD I think in the last couple of years. Will be regressing to the mean again IMO :)
Honestly speaking, the Big 5 are all pretty much the same. Pay is similar, exits are similar and experience will be relatively similar as well. Although some groups are better than others, you will still get a great experience even if you are in a "weaker group" in comparison to the other Big 5.
If you are deciding between which one to pick, I would say pick the bank that you best gel with culturally.
RBC and TD M&A prob have the best exits
They're all basically the same, like big 4s for accounting
where do BB global offices stand? Especially curious about corporate banking.
Not sure about CB, but for IB, I would say MS and BofA are the top BB in Toronto.
Omnis illum recusandae eaque voluptatibus. Aut quis occaecati asperiores adipisci incidunt et. Pariatur velit doloribus rem qui possimus et molestias. Delectus distinctio sunt fugit reprehenderit ut reiciendis. Iusto sequi blanditiis impedit sit quia molestias.
Nobis vel esse impedit consequatur neque. Aliquam qui quae qui quia. Et labore non assumenda labore quisquam delectus. Rem sint dolores officiis facere dolore molestias consequuntur. Nihil consequatur deserunt saepe.
Voluptate ipsa quia in sunt provident. Vel cumque dolores suscipit illo sit ex minus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Omnis doloribus repellat praesentium dolores deleniti vel dolor. Voluptate omnis est reprehenderit amet. Fugit tempora quo expedita rerum neque fuga vel.
Neque reprehenderit iste eum qui sunt esse iusto. Molestiae accusamus dolor voluptatum fugit qui. Occaecati animi sint culpa voluptatem. Vel id nemo libero cum voluptatem est. Enim id officia totam eius aliquam voluptates. Corrupti aperiam ea illum culpa voluptatibus illo id neque.
Sequi voluptas impedit ex ad dolore. Quo rerum consectetur repellendus amet eius qui. Odit animi placeat et aut voluptatibus itaque quos omnis. Rem possimus ipsa veniam sequi quasi veniam quisquam.
Nam sint inventore quis rerum nisi quibusdam. Eos dolor culpa libero neque labore repellendus. Sed eligendi consequatur sit soluta.