Cannacord Genuity Comp

And I thought Baird and Macquarie comp numbers this year were high. This is another level.

Are MMs the new EBs?

Can confirm

I don't believe it

Those are in Canadian dollars... 1.3x exchange rate

I've never even heard of them... why are their bonuses 2x normal?

Boutta apply lol

Not surprised, they're pretty entrenched in MM/LMM and markets like last year help. Have a huge wealth management business they can shovel deals into that institutional only players won't touch AND play on the institutional side as well. Up here they machine gun bought deal letters like Tiger throws around termsheets.

Bottom bucket at Cannacord for AN3 and beyond is basically top of street

Looking at the wso salary database, they've historical been pretty average comp. All of a sudden their bonuses are double street?

can we get this converted to non fake canadian currency?  

Pretty sure this is either fake or no one gets top bucket. I know someone there that said these were absurdly off.

I also work at a MM currently and we have multiple CG laterals, all of whom specifically mentioned pay to me as why they lateraled. So unless things massively changed in the last few years AND my friend there now is just getting below bottom bucket, I'm calling BS

No way

My buddy works there, can confirm this is accurate. Trying to get a referral from him lmao

Litquidity took the post down. Leads me to believe it wasn't real

Honestly I buy it if this is just for 2021 given it was a record year across the street. Especially if they suffered big attrition in the past and knowing they absolutely crushed in 2021 it's more than possible they simply chose to do the right thing and give their junior staff a piece of the pie for morale and retention purposes. Highly doubt FY 2022 bonuses will be on par though, these numbers don't seem sustainable long-term. In down years the junior comp would cut into MD comp too much and losing your rainmaker MDs is way shittier than having high analyst/associate turnover.