Canada FT Recruiting
Any timelines from any of the big banks or the strong boutiques like GMP or CanGen?
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Presentations are first week of school (late august). followed by interviews and super Saturday so offers are usually out around the 15-20th. Everything is usually posted to OCR in early / mid august
MM IBs in Canada are a different beast than the BB. Especially in Calgary/Vancouver where the deal flow is mainly focused on a depressed commodities/oil&gas sector. Not a lot of hiring outside of the BB from those areas, but the banks recruit early August/late September.
More important than raw timing is why the schedule is the way it is. FT's will first come from summer pool so they won't really know how much incremental headcount they want until they know how many summers they are extending offers to / will take the offer.
In the mean time, around now (mid to late July) they will probably have short list events. This is usually for people they met, but didn't hire for some reason: ex. RBC had an late summer interview cycle and BMO extended an early summer offer, or person originally didn't interview because they thought they wanted consulting/ER, hated it and are now looking at banking. FT interviews at this stage need a bit more of a hook. If you didn't get a summer IBD offer, the first question in FT recruiting will be "Why not?"
Agree with @mtnmmmnn: But I thought school started in September (it's been a while for me). Regular "official" schedule is first week of September is first rounds, second rounds in second week and offers towards the end of the second week of September.
I think it depends on the school and vary slightly from year to year, but either last week of August or first of September. Anyway, I always found it sad to go on campus for recruiting while most of the school is being busy at integrating first year / frosh lol.
Among targets, only Northwestern and UChicago are on quarters and start the last week of September or the first week of October. The rest are mid to late August.
Edit: Oops, this is a Canada thread, but still relevant (?)
Anyone know of buy-side associate or rotational programs that will be hiring?
bump
Does anyone have more updates on whether interviews/offers have been sent out?
BMO second round underway, RBC first rounds out.
any word on CIBC or NBF?
Canaccord Genuity FT 2nd rounds underway this week, first rounds happened last week OCR
TD, BMO 2nd rounds this week too; NBF rotational interviews underway as well
Canada FT timeline (Originally Posted: 09/03/2015)
Whats the timeline for FT recruiting at the big Canadian banks in IBD? Seems to be slower than the BB/MM/EBs down south, but I'm not sure.
What are the chances like for someone who didn't get an SA gig anywhere but goes to a Canadian target?
Formal interviews start in the next few weeks and are expected to wrap up sometime in October. Honestly, the odds aren't great given much of the pending positions will be filled with advance recruiting but hit the pavement hard, keep and open mind as to where you go, and who knows what could happen. The banks could be tough but if your hearts set on it you could get a gig at a boutique and then try and transfer over in the new year.
Good luck.
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