Got RBC offer but I have cold feet accepting.
I go to what's considered a target/ semi-target in CAD (Laurier/ UBC/ McGill) and I got an offer for RBC TO. However, many of my peers are going to places that are perceived as "better" so I will likely recruit for FT. Therefore, is it worth going with a CIBC/ Scotia/ BMO to gain more time to recruit for less prestige? I am aware it is group dependent
lol McGill/Laurier are a step above UBC
Is Laurier above ubc? I’ve heard below but I can be wrong
I think they are similar in terms of ranking for finance but recently have noticed more placements from UBC (compared to historic average) to EB/BB in the last 3-4 years. Its also important to notice that placements for students from UBC PMF program tend to be different than regular UBC finance students.
PMF has had 2 US EB/BB placements over the last 4 years while there have been ~6 outside of PMF just in SA 24 and SA 25
By different do you mean more shit? Program has fallen off a cliff since the “strategic review”. It’s prioritized optics over substance, candidates are less competent and non-PMF students are consistently placing better. Other than one B-tier private credit shop that it has a US pipeline for, PMF hasn’t sent anyone to US buyside since 2019.
Take the RBC offer! There’s not much better, and if it really matters that much to you then you can always renege
They all work similar hours
Have you tried the Royce Du Pont negotiating technique?
Pull a gun on him.
The rationale isn’t adding up here. Take the offer you have. Don’t worry about “what if” because the industry is far too volatile to be dealing with uncertainties. There’s still great exits from RBC and if you really wanna go somewhere else you’ll find a way to make it happen. Nobody’s going to frown on experience at RBC if you’re lateraling.
Or worry about the what if, it may ultimately alter your path forever…
Well seeing that they currently have no other offers and are looking at turning an offer down without an alternative, I don’t think it’s a good idea. RBC may also carry more weight in the event they look to lateral vs another option since it has the most global presence. All the banks mentioned will have similar hours so I wouldn’t make a decision solely based on time to recruit.
Take the RBC offer, check LinkedIn RBC analysts have lateraled to better globals in TO and even to NYC.
Based on the strength of your logic, I wholeheartedly endorse you applying to Scotia. Best of luck!
^ I work at Scotia albeit not in IB but why would you ever drop RBC for this lol they look miserable
Scotia really be the KPMG of big 5
A dude went from Scotia Montreal (not even TO) to PJT M&A New York to PJT RSSG.
The absolute disrespect to NBF and "big 6" prestige
From your comment you seem immature if your comparing against peers in this job market. If this role is FO, lateralling should be a straightforward process, as well as the increased exposure to internal teams opening up internal mobility opportunities.
If however this was for a MO or BO role, your rationale may be little more justified, but understand that in a weak Canadian job market, turning down a sure shot for a potential opportunity where you would have to contend with experienced laterals switching banks or other candidates who would have a similar profile as you had you accepted your current offer (ex. 1 year CB experience wishing to switch to IB).
this has to be satire
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there is almost no difference between any big 5 canadian bank when it comes to "prestige", barring very few select groups
So confused what you're even asking here, do you think you'll be working less at other banks?
On a side note, how do these people land offers...
Legit no idea. It's like they just fall into an interview room knowing nothing and someone get the job... must be some target school thing
in the US, rbc is better than all those banks
RBC is a great bank in Canada and even in the US. Take the offer idiot
This must literally be a joke or someoswr who is trying to subtly trash on rbc. Best bank out in Canada for global name and exits I’ve seen (though I don’t pay attn on this as much as others here)
more proof showing banks giving offers to restarted people nowadays
RBC is a strong name with great exit opps in Canada and better than other B5 in US and you can latéral to a better bank more easily from RBC.
I don’t understand why you wouldn’t take RBC.
What is wrong with RBC? I always have considered them top in Canada and strong in the US as well. I would think they would be a solid place to begin your career. I would take RBC if I were you.
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