Just wondering if anyone knows how this firm is doing in Canada -- looks like a good group of people but am interested in people's opinions. Specifically curious about exit opp's as well relative to big5.
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Hey ibdhopeful,
From people I've spoken with, Genuity is considered one of the biggest/best, if not the biggest/best firm in Canada outside of CIBC/RBC/BMO/TD/Scotia.
When discussing purely Canadian banks, the exit opportunities really aren't too different between banks, outside of CIBC/RBC/TD. I know of a lot of buy-side firms that have taken a lot of people from boutiques, as they have had more hands-on work to do and a more direct relationship to clients.
Depending on what metric you use, I have heard that in some years their M&A flow is bigger than some of the big 5. If you lump them together in a group of 6, they tend to bounce between 3rd and 6th, they definitely swing with the big boys and now with Canaccords broker network they will be able to get more involved with offerings on top of their advisory work.
Solid M&A/restructuring bank...good team. You will have same opportunities as an M&A analyst from a big bank.
Don’t limit yourself. Many people limit themselves to what they think they can do. You can go as far as your mind lets you. What you believe, remember, you can achieve. Mary Kay Ash - Belief - Motivational - Ambition
i'm not limiting, you are
Canaccord was known to be a slave shop that ran very lean. Genuity was known to be a slave shop that ran very lean. Now they probably are one very well paying shop that is very lean. Not for the light hearted.
Is the work-life balance even worse than the top groups in the big 5? A friend of mine who is going there full-time next year told me the lifestyle is actually better. Supposedly you do fewer pitchbooks and have more senior exposure.
Their team looks quite all-star. A ton of former CIBC managers. But I also heard there was this notorious email that went viral from a senior manager to analysts, where he listed out things ppl can't do in a really mean way... That guy still works there. Do you guys know about its culture?
Also, how prestigious is Genuity compared to the big 5, especially among U.S. b-schools?
Thanks guys!
pitches are not painful...dealflow = crazy hours...so fewer pitches doesnt mean better hours.
Canaccord Genuity Boston (Originally Posted: 10/22/2012)
Can anybody shed some light on this? I networked with an I-Banking Analyst at Canaccord Genuity who pushed my resume along. I just got an e-mail from their recruiter thanking me for applying for the "Financial Analyst" position for the Boston office.
Is that what they call their Investment Banking Analysts? Glassdoor only has one salary listed, 'Financial Analyst, Investment Banking' but no breakdown between base/bonus. There were also two 'Analyst' salaries with typical IB base/bonus structure.
It sounds like it would be for IB (doesn't make sense why IB Analyst would push along for IB and I get a generic FA phone interview) but if anyone else has experienced this and could shed some light it would be greatly appreciated.
Thanks in advance.
I'm at Canaccord this summer. Investment banking analysts are not called "financial analysts"
Canaccord Genuity - NYC (Originally Posted: 10/24/2011)
Does any body know what they're like in NYC? They're a big player in Canada, but just wanted a feel for the new york office. Also, what are the exit opps like out of there?
No matter what they've told you, they're not exactly a big player in Canada either.
This year they did pretty good (I think they were on the 2 biggest Canadian energy deals of the year) but generally hit or miss. Boutiques in Canada operate in a pretty niche market, which is generally high volume, low/mid value transactions and mostly in sectors with a constant need for capital (natural resources). I doubt they do anything in the USA and I don't hear good things often about the culture in the Canadian operations.
Canaccord Adams Thoughts (Originally Posted: 11/16/2009)
What are general thoughts on Canaccord Adams? Prestige, dealflow, comp?
bump, would also be interested
Only can speak for Canada offices. Pay above street, work their analysts to death they have a culture of running very lean and having generalist analysts I beleive. As an associate told me, "we work harder than everyone, but get paid more is awesomeee" if you like that culture may be the place for you. They do alot of deals, but not super complicated ones.
I can't comment on their pay, but there's no way they're more prestigious than the Big 5 or Genuity for IBD or the Big 5 and GMP for S&T...so that's not saying much, considering it's slim pickings after those in Canada.
CaliBankerSF,
Did you have an interview at their SF office for an ibd analyst position?
Canaccord Adams/Genuity in Canada (Originally Posted: 01/19/2011)
anyone know whether they are looking for SAs in the summer in Canada? I didn't see openings at their careers website at all this whole time... anyone having interviews with them in Canada?
Also, how do you guys apply for the UBS, GS, and BAML SAs when there were no openings online on their careers website? I am from a non-target that's not close to Toronto so wanted to know for future reference. Thanks
If you go to a target school, firms will post job postings on the internal job boards. That's how kids are getting interviews with BB firms. These jobs are usually inaccessible to kids at non-target schools, unless they network.
Yes, Genuity is taking SAs. They already conducted first rounds interviews at the target schools
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