30 Comments
 
Most Helpful

LOL. In all seriousness though. At BMO Toronto, the chilliest group in is probably Tech & Business Services. The funny thing is that they sit pretty close to the mining bullpen so the mining analysts get to watch the tech analysts leave everyday by 11pm while the mining analyst slave away into the wee hours of the night

 

In my opinion, it isn't. Although you get a lot of reps, you will also get plenty of reps at the other Canadian banks (and even boutiques). Unless you LOVE mining, then maybe it's worth it but even then I don't think it is. I had a buddy that worked in that group and every time I saw him, he looked horrible lol

I'm guessing the bonus is going to be really good just based on all the deals that the team does but honestly have no idea.

 

Mining exit opps are a bit different than other industries given there aren't as many PE options. Some will exit to mining PE, but most funds are based out of London or Aus, so more end up going to corp dev or AM/HF.

A well-regarded group like BMO would give you better odds at landing at a larger producer (ABX/AEM), with less prestigious groups feeding into intermediates/juniors/developers/explorers. Mining corp dev lifestyle can be pretty cushy (when not on a live deal) and grossly overpaid when compared to other sectors.
Some will also go to AM/HF, with many asset managers in Toronto having mining/natural resources teams.

 

It's certainly busy don't get me wrong but on any given mandate, sponsors is not taking the lead on the model - even if it's an LBO. It would almost always be M&A. On general coverage/pitching there can be a bit of work but no blow your brains out type analysis. Most of the value add is the seniors and their connections to the major PE players.

As a result, the workload isn't nearly as heavy and the work you're doing is mostly just industry pages/helping support the coverage team rather than anything in depth. Maybe my bank did things a bit differently, but consensus from people I know at other sponsors groups is that they aren't leading transactions even if it was brought in by that team.   

Source - I used to work in a big 5 sponsors group 

 

Quia eum voluptates tenetur dolorem rem magnam. Cumque molestias autem dolor nihil neque in. Tempora aut dolor ut et laborum et.

Sequi officia dolorum rerum odit. Aut eum accusamus fugiat. Sit quaerat non commodi corrupti repellendus voluptas qui.

Modi rerum dicta nesciunt rem libero. Dignissimos autem et necessitatibus numquam qui nemo voluptas. Sunt ducimus quos enim ipsa suscipit dolorum nostrum. Dolores unde nulla laudantium recusandae qui aut nobis. Quibusdam iusto soluta dolor.

 

Ad perferendis ut ad deleniti libero doloremque consequatur. Beatae sunt earum sit sed in corrupti. Dolore minus autem perspiciatis ipsam. Quia ut ut sed nisi dolorum. Debitis a libero mollitia et dolores labore doloremque. Laboriosam iusto et vitae consectetur. Excepturi ut eum sed perspiciatis ipsam sit.

Nulla debitis non est. Quis quo at occaecati. Tenetur et consequatur doloribus reiciendis magni aut nulla.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
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...”