Corporate Banking Canada
Could anyone provide me with the progression in total comp for Corporate Bankers in Canada at 6 big banks (Analyst to Director)? Have seen some numbers on here but all of them differ from one another.
Thanks!
Trending Content
| +171 | How to stop feeling like shit for not making it in IB? | 64 | 3h | |
| +124 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 59 | 18h | |
| +85 | Updated LA Banking Scene (2024) | 61 | 16h | |
| +40 | Ranking banks that went under | 25 | 2s | |
| +39 | Burnt Out M&A ASO | 22 | 9h | |
| +37 | Relevance of A-Levels for U.K. London recruiting | 25 | 15h | |
| +33 | A strategy for SA applicants late to the game like myself | 17 | 13h | |
| +33 | Intern Ettiquette | 7 | 17m | |
| +27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 3d | |
| +23 | What are hours like at BBs in London? | 47 | 1d |
Career Resources
bump
Bump
analyst: 120K all in
associate: 150-170k all in
vp: 225k all in
director: $300k all in
managing director: $400k - $500k all in (in good years)
All numbers in CAD
no way this is accurate - the numbers u see off glass door or wtv are usually wayy off, i dont believe vps r making 225k and MD 300!?! thats unheard of. id say 500k+ at least
Used to work in Corporate Banking in Canada - if anything some of those numbers are high. Move to the US and you'll see an uptick pretty quick - that's what I did!
Can you tell us a little more about your move to the States? TN Visa? CB is in a grey zone for TN eligibility? Company sponsored? Please walk me through it as it's a long term goal.
I am on a 3-yr TN visa with firm stating they will try to convert to H1B visa after the renewal of my TN (aka during my 2nd 3-yr TN visa).
Most jobs are considered "grey zones" to be honest; however, most have their job description altered to match either "Consultant" or "Accountant" that I know of. I have heard of some under the "Economist" designation as well but I don't know much about that designation and its requirements.
When you say sponsored it doesn't really work like that on a TN Visa. On an H1B sure; however, on a TN you can go apply at the border with the offer letter without the company specifically "sponsoring" you.
Mind if I PM you?
No chance a VP in CB is only making $225k in CAD lol there are associates that hit this figure.
its accurate
Make sure you understand U.S. vs Canada, this is spot on.
Now you know why ppl think this country is going to sh*t?
Do u have the base # for big 5 cb an1?
BMO is 90k base
Do VPs and Directors really only make 225k to 300k??
Massive discount to BB’s in Canada. Associates in Canada make more than that.
Bump
A bit off topic but what is the best way to prepare for corporate banking interviews technicals wise.
Look at common credit metrics (leverage, liquidity, coverage ratios) and understand the 5 C's. Understand the different products a bank offers (RCF, types of different loans) and make sure to explain how current macro environment affects lending conditions. A good understanding of different industries would also help in assessing which businesses are ideal / safer to lend to.
Harum qui molestias accusamus aperiam. Provident quisquam unde id atque fugit est. Ullam ab voluptatem et architecto necessitatibus tenetur voluptates eos. Nobis dolorem voluptatum omnis voluptas quos officiis.
Possimus accusamus dolor deleniti aliquid voluptates error ratione ut. Quo commodi voluptas qui qui aut molestiae neque. Voluptatem ea eum molestiae ea nihil voluptates est modi.
Aut pariatur est sed vero natus nesciunt. Esse quod aliquid et quibusdam in repudiandae et.
Quae blanditiis velit et enim totam similique perferendis. Amet qui officia maiores sunt ipsum harum velit error. Officia architecto reprehenderit consequatur aut soluta velit nostrum. Adipisci nisi quam dolores laudantium. Quasi sunt fugit eum. Molestiae rerum et rerum doloribus repudiandae voluptatibus ratione aspernatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...