Long Term Career in IB or Consulting? (Canada)

Hey guys, student in Canada looking for some insight about the finance industry up here.

I'm looking for a more long-term career in finance rather than jumping firms. I've heard a lot about IB in Canada being good for career bankers which is exactly what I'm leaning toward but I wanted to know a bit more about other areas of the industry.

1: Is MBB or Big 4 consulting a stable, well-paying, long-term career choice up here in Canada?

2: I've also heard about other jobs such as Asset Management and Corporate Development but I hear much less about it at my school. Last year I think around 50% of the class went into the more common industries (IB/Consulting/ER/S&T). AM and Corp Dev/Fin only had a few people so I'm not sure if those types of jobs are worth it in Canada. Or do most people go into AM and Corp Dev as an exit opportunity to IB?

3: Is career banking in Canada a good choice for a long-term "relatively" stable career in finance? Would it be realistic to join in as an analyst and gun for higher up positions like VP/D/MD?

Comments (2)

Apr 16, 2018 - 11:58am
WSO Monkey Bot, what's your opinion? Comment below:

Hey Baystreetblues, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:

  • Asset Management as a long-term career? What is the career path for someone in CRE Asset Management look like? I know you start as an ... analyst, but what does this career path look like 10-20 years in, assuming you stay in it? Pay, hours, etc? ... Assume this is at a REIT or REPE firm, not a bank doing loan management. I've interviewed at ...
  • How would you rate ECM/DCM as a long term career? Hey WSO, how do you view the Capital Markets side for a long term career? It's just ... questions: how would you rate ECM / DCM as a long term career? PS. Two SBs to whoever correctly ranks the ... current leaders in ECM and DCM! <p class="h4 m-t-none">Investment Banking Forum ...
  • By the time you are 40- The long term finance career paths I am interested in some statistics of the long term finance career path. What are your estimates? ... href="https://www.wallstreetoasis.com/salary/investment-banker-compensation">IB Pay</a></li><li><a href="https://www.wallstreetoasis.com/forums/investment-banking-hours-what-to-expect">IB ... href="https://www.wallstreetoasis.com/forums/
  • Here are the Target Undergraduate Schools in Canada to energy-related finance and IB in Alberta. The PRIME program (which manages an Investment Fund like ... 32% grads worked in Finance (with avg. compensation of $90k) and 14% worked in Consulting. Ivey is the ... internationally (Non-US) after graduation. Employment statistics are not up to par with Ivey/QC in terms
  • Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects? when I enter, I'm thinking banking will improve my long term earnings potential... is that ... I'm a little confused about compensation potential in IB. I always planned on going into the ... Would it be a bad career choice to leave my current role to go get an MBA and try to get into Banking ...
  • Career Banking in Canada? banker isn't a good choice for a career. In Canada, most bankers will stay in banking as exit opps ... there any reason not to become a career banker in Canada? canada Career Banker <p class="h4 ... m-t-none">Investment <
  • Choose MSF programs based on long-term career goals a big insurance company. My long-term career goal is to be a Portfolio Manager, which requires working ... etc. in the field of investment management? And am I possible to be admitted? Thanks! msf ... GMAT, which I aim for a 750+. I had three internships, and one of them is Assistant Portfolio Manager in ...
  • More suggestions...

If we're lucky, maybe I can guilt some users to help you out: aletaxis @Yuwan Anna-Zhu" leifson

You're welcome.

Apr 25, 2018 - 8:22pm
Baystreetblues, what's your opinion? Comment below:

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