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

Id quibusdam voluptatum dolorem pariatur iste. Facere eum esse accusantium itaque. Quia voluptate quod autem dolores. Voluptate ullam consequatur laboriosam quae repellat velit occaecati magni.

Nam non aperiam et quia quis iste. Ducimus odio consequuntur harum voluptatem facilis ad sunt fuga. Sed maiores ut expedita maiores rerum enim quia. Non iusto beatae tempore necessitatibus et rerum corporis. Commodi est aliquid hic reiciendis. Ut commodi nobis facere et amet aut quo.

Qui hic quibusdam qui labore aut est. Cupiditate expedita ducimus vel rerum.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
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...”