Metals & Mining - Investment Banking Exits
I’m working in Toronto at a Canadian bank within Metals and Mining - looking towards the future, what are typical exits out of M&M, and how many traditional PE looks do people get?
Just don't get fired for homophobia like the BMO M&M guys and you'll be good
They don’t get good looks.
BMO M&M is the only reputable M&M shop in Canada (RBC on the come up though, which is funny given how shit it was), and BMO M&M guys do not place into PE.
Sure, lights out into mining corporate development roles or resource-focused buyside firms, but no chance at private equity or pension funds (unless you’re a girl or diversity).
RBC Mining is dogshit
I know diversity helps in IB SA recruiting, but it also helps in PE recruiting after your IB stint?
RBC mining is a bucket shop. Paradigm does more 😂
Once you get 99 mining, most exit to the mining guild. Takes time.
Kay, what about smithing the ores mined at the analyst level? Will they be enough to reach level 34 smithing so I can smith adamant chainbody? Pls help
Direct buyside exits from mining are rare. A lateral move is typically required before securing a competitive PE offer.
Royalty companies (Franco-Nevada and similar) are an overlooked segment. They have among the highest revenue per employee on the TSX, and compensation is comparable to many US buyside roles. During strong gold markets, senior employees can earn eight figures in a year.
Corporate roles at producers are also well compensated. Many employees at Barrick, Kinross, and similar companies have accumulated significant wealth (enough for homes in Rosedale or Forest Hill, a Lake Joseph cottage, and private school tuition).
Summary: mining does not offer traditional prestige exits, but total compensation over a career can match them for similar effort.
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