Does Job Security Vary by City?

I hear in the US during bad years they cut a lot of their staff and even worse during a recession. In a few years, I'm hoping to join the finance scene in Toronto. In another thread, someone stated that in 2008 there were a lot of bankers in NYC that got laid off but in Toronto, it affected very few peoples' employment.

I was wondering if job security is better there since Toronto hires less people per year than NY firms do.

Thanks

3 Comments
 

cdnbig5, pure crickets, that's where I come in. Any of these useful?

If we're lucky, the following users may have something to say: IronThroneBanker Brett-Mitchell @Michael-Gremley12"

Fingers crossed that one of those helps you.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Best Response

Accusamus aspernatur assumenda qui amet. Deleniti molestiae velit nemo reprehenderit. Fugit omnis necessitatibus esse ea. Quia laudantium asperiores aliquam culpa. Perspiciatis repellendus consequuntur libero quibusdam id id. Cum aut veritatis ipsum eum voluptatum rerum. Dolore exercitationem omnis atque earum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”