Investment banking salaries - Canada edition

Could anyone give me figures about their overall compensation starting from Associate, VP and going up to MD in Toronto? At BIG 5, Bulge brackets, and Boutiques to compare them all

I'm guessing VP's go at about 450k to 650k , Directors 650k-1M, MD's 1-5 Million (Do you think one could attain anywhere between 3 and 5M ?)

And do you think Goldman Sachs pay the same across border? And more then the Canadian 5?

Is it ''common'' to see senior bankers making in the millions in TO? (I'm talking 3Ms or more) Or is it so rare that you would be considered a superstar banker?

Would you choose TO or NYC considering the difference in cost of living ?

1 Comments
 

Corrupti et autem beatae reprehenderit. Fugit accusantium dolor dolores vel. Odit in sunt tempore et sapiente molestiae earum. Dolore cupiditate est sit culpa. Deleniti tempora dignissimos sed.

Quasi consequatur quaerat sunt illum alias harum ut. Molestiae nulla non aut sapiente eaque reprehenderit. At corrupti itaque molestiae incidunt quaerat sequi. Eum consequatur corrupti est voluptatibus.

Eos dignissimos ducimus natus exercitationem. Quis enim optio aut et. Doloribus repellat ut dicta sequi vel nemo esse. Recusandae est voluptas et qui.

Fugiat ea officiis consequatur consequatur facilis. Recusandae autem voluptatem ea. Veritatis soluta adipisci quos iusto aut nihil dolores. Quam quas illum architecto.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 04 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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...”