How are Bonuses gonna look? They better be good
Canadian banks are close to year end processes. Anybody have insight?
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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