Was wondering if someone could provide me with a bit of insight regarding the total comp that MDs make in the Mid-Market M&A teams at RBC/National and CIBC in Canada?
Have heard MDs are doing approx $500-$700k which sounds like a high number for Mid-Market IB
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Based on the most helpful WSO content, here's what you need to know about MD compensation in Mid-Market M&A teams at RBC, National, and CIBC in Canada:
Total Average Compensation for Investment Banking Director/MD:
Breakdown of Compensation:
Comparison with Bulge Bracket (BB) and Elite Boutique (EB):
Variability:
In summary, while $500k-$700k might seem high for Mid-Market IB, it aligns with the average compensation figures provided for MDs in investment banking roles. The actual compensation can vary based on individual performance, the specific firm, and market conditions.
Sources: https://www.wallstreetoasis.com/forum/investment-banking/qa-md-in-ma-and-capital-markets-with-bulge-bracket-and-boutique-experience?customgpt=1, BB vs EB total compensation, Q&A: MD in M&A and Capital Markets with Bulge Bracket and Boutique experience, Canada IB Pay Increase?, High Profile IB MDs in Canada
Anyone?
Bump, personally feels like it would be more tbh. I feel like all MDs at a known MM, BB, EB with even average deal flow make minimum $1m+. Could be wrong though hence the bump
if theyre on the middle market specific team (usually at a BB) they probs get paid less. dont think any EB's have that team, but if anyone has more info would be interesting
Not as familiar with how it works in Canada or at those specific banks but can provide some insight into MD comp in general. MD's comp at all levels is highly variable. I believe bases are somewhere between $175-$300k depending on the bank/MD (ignore group heads or C-Suite MD's in this scenario), everything beyond that is largely variable. Consider that MD's % of fees typically vary from ~5-35% depending on if they sourced the deal, who ran the process, and if there were other groups/MD's involved. Obviously there are some other factors such as overall group/bank performance bonuses but difficult to predict and often not nearly as material as a direct % bonus from a fee. Can start to get a better idea of comp using this formula, but ultimately if the MD is not sourcing/running any successful deals, they likely are not making a substantial amount more than their base.
bump
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