Calgary or Toronto for IB

Hey everyone

I had some quick questions about IB in Canada and which city I should be focusing on. Toronto being the financial capital of Canada would most likely have the biggest job market but I'm leaning more toward Calgary due to the cheap COL and housing. Also, I have more of an interest in energy than mining which is what you'd cover in Toronto.

Does anyone know if it's worth it to pursue a career in finance in Calgary or should I avoid it because the market is smaller?

How does the comp compare between Toronto and Calgary? What can a more senior banker (VP/D/MD) make in Calgary compared to Toronto?

With the oil prices being so volatile does this result in lay-offs or just no hiring seasons?

Finally, would anyone know how many people get hired in IB from Haskayne compared to Ivey? (From what I hear Haskayne is where to go for IB in Calgary)

Thanks!

1 Comments
 

Eligendi tenetur totam nulla pariatur ducimus. Unde quia esse nemo atque cum necessitatibus. Id occaecati magnam fugiat eum quo illum ipsum. Commodi temporibus aliquid fuga omnis et quam sit. Ipsa nemo id eius asperiores voluptatem voluptate officia.

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

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
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...”