I am wondering how many the Canadian banks (toronto) hired this year. Please post any relevant figures that might be available at this time. Has hiring improved/decreased from last year? What is your hiring outlook for SA 2011?
Also, stats on toronto BB offices are also greatly appreciated
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RBC Capital Markets was looking to hire 75 analysts (IB+S&T) but I am not sure if it was overall recruitment or just Canadian recruitment. My guess is that it is overall recruitment (Canada + NY + L ondon).
I also heard Canadian recruitment for '09 was extremely low.
Finally, I have a friend, who is well connected, top 3 canadian university (math major) did 2 years worth of trading internships in HK and Canada (BBs) and still has an internship position in trading at a top Canadian bank. Goes to show how hard it to break in.
top 3 canadian university (math major) - Waterloo?
well I mean i dunno what are the top 3 really, but I assumed mcgill is on it :)
There are different definitions for "top 3".
Generally accepted definition on online communities (for top finance placements): 1. Ivey HBA 2. Queen's Commerce 3. McGill
General top 3 (not considering finance placements, just overall reputation -- an irrelevant metric imo): U of T / McGill are both considered the "best" in Canada UW for engineering/math
Rough numbers
IBD across Canada RBC ~5 BMO ~10-20 Scotia ~ 4-5
no insight as to the others
at 2nd rounds for CIBC they planned to hire 2 analysts, worst case, with a max of 4 if it was a truly amazing candidate pool. Though this time over the banks have been hiring, but alot of it happened earlier in 2010 with off-season hires.
Now that enough time has passed and recruiting is essentially over, please update any numbers that you guys might have.
Hiring has improved from last year, but it's definitely still competitive. I can't comment for all firms, but I can gauge roughly how many they took for FT (for Toronto IBD)
CS took 3 from FT GS none hired during FT (2 SA signed back) MS none hired during FT, (1 SA signed back) BAML, was looking for 1 FT UBS was looking for ~2 FT Barcap: looking for 1 i think
Scotia ~4-6 BMO ~10-12 RBC ~10-15 NBF ~2-4 TD prob around 8-10 CIBC ~6-8
these numbers are so few its crazy !! what about genuity ?
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TML Forever, that's one of the first non-bullshit posts I've seen on these CDN bank topics.
Your numbers are damn solid..I can echo most of those BB numbers and a few CDN bank numbers.
Barcap signed back an SA and signed on one new FT TD took 10-12 RBC 10-15
Don't know about Genuity but I'd say you're close in the 5 range.
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Ivey's most recent placement report, I think they have about 150 students in the MBA program and 20% got placed into S&T, IB & ER. Also 4% in Investment Management and 3% in other which includes venture cap and PE.
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