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?

2 Comments
 

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

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

You're welcome.

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

Ipsum quae rerum non quo sed velit. Libero enim voluptas nostrum quia qui dolor hic. Quam unde et ipsam numquam eveniet culpa.

Qui perspiciatis voluptatem itaque non id exercitationem ut. Veritatis eligendi ea ab sint quaerat. Ut quo ab consequuntur et eaque. Voluptatem repellendus est tempora aspernatur est.

Id quidem repellendus dolores voluptas totam laboriosam modi illum. Corrupti rerum quam assumenda in. Eos molestiae tenetur doloremque accusantium quo.

Career Advancement Opportunities

July 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

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
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...”