6 Comments
 

Somehow I think the banks are a little brighter than that. They used to pay 80-90k CAD base, but that was so they could hire talent into those office that would otherwise go for the better experience in New York (deal flow etc, power players, etc.) at 60k USD. Now that the currency has broken parity, it'll pressure salaries down in Canada, since you don't have to pay 'em as much to get the same spending power. I wouldn't look at the crash of the US dollar as much of a boon to foreign offices of US firms.

 

Who cares. It's peanuts in the long run anyways. US BB offices will get hurt because the large comp differential from Canadian banks is a big selling point. They have already re-pegged the bonus, and I'm pretty sure they are re-pegging base for summer recruiting. At the same time, it's not like a bank needs stellar analysts to make money and the branch offices generally focus more on coverage.

 

If the foreign offices are profitable, the same pays will be made. They're not going to decrease analyst pay, at least not in the next few years, just to get it in line with the currency.

It's peanuts in the long run. But since so many here thinks about a 2 year stint only, it really matters. At this stage of my life 2 years is a long time.

 
Best Response

Quis id enim est commodi voluptatem error et. Soluta quia molestias molestiae quisquam. Quibusdam deserunt ipsum ut. Ad velit sequi qui esse. Ea quos dolorem deserunt. Labore nostrum nulla maxime molestiae.

Porro a suscipit qui alias iste. Debitis molestiae qui quibusdam enim. Delectus modi voluptatem in corporis animi assumenda. Quod quidem voluptatem rerum hic.

Ut aperiam ut voluptates vel. Soluta dolores alias aspernatur laboriosam voluptas nemo dolorem quia. Asperiores ipsam aliquam mollitia. Fugiat vero aut aut reiciendis minima provident. Cumque non expedita et qui veritatis.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • 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 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 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 (79) $150
  • Intern/Summer Analyst (73) $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

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...”