How are Bonuses gonna look? They better be good
Canadian banks are close to year end processes. Anybody have insight?
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Based on the most helpful WSO content, here are some insights on Canadian bank bonuses:
RBC Toronto: According to a user in the Sales and Trading forum, the bonuses were described as "really bad" and there was evident dissatisfaction.
Big 5 Banks: For Sales and Trading, bonuses are typically announced in December, following the October 31 fiscal year-end.
General Timing: Bonuses at most Canadian banks are declared around December, with some banks providing numbers in early December and payouts around Christmas.
Bonus Pool Trends: In previous years, some groups have reported an increase in the bonus pool, such as a 15% increase mentioned by an Analyst 2 in IB - Cov.
For more detailed and specific numbers, you might want to check the latest threads on WSO or ask colleagues within your network.
Sources: 2021 Big 6 Canadian bonus thread, Stifel Canada Paying $0 for Bonuses This Year, 2021 Big 6 Canadian bonus thread, Canada S&T Bonus 2022, 2023 Consolidated IB Analyst Bonuses
I heard thru the grapevine that yours is gonna be super bad actually…
Heard TD bonus is going to be excellent this year
Doubt it with that $4 billion fine
Senior in several teams have said that it's gonna be good, likely better than last year given increased deal flow
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