Do American Bankers have double the buying power than Canadian Bankers? T1 Cities
With the effects of taxation and present FX rates, do bankers in the NY/LA have significantly more buying power than bankers in Toronto?
Seems kind of ridiculous to me that a banker working for the same company in Toronto (assume Big 5 like RBC/BMO) is making less money than his/her counterpart in the NY office who is in the same role working the same hours because they are paid the same in nominal dollars but not on a real dollar basis - where is the equity and fairness all these banks love preaching about in their stupid compliance/HR videos?
I make less than the person reporting to me in NYC is. And rent is as high in Toronto and food/transit/clothes are more expensive. Plus, I pay higher taxes. So, overall Canada sucks working for a Canadian bank here compared to being in the U.S.
Where exactly are you living where rent is as high as New York or LA? You can get a 1 bedroom smack downtown for just over 2k CAD.
My coworkers have that same in New York with the new rent prices.
*London has entered the chat*
Esse esse sed repellendus alias quasi. Omnis blanditiis non dolores distinctio laboriosam repudiandae nesciunt natus.
Eius numquam ducimus facere labore. Aut itaque pariatur distinctio natus quibusdam quam dolorem. Et impedit ipsam aut voluptates eos totam et. Officia non vitae aut reprehenderit sit.
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...