Most Woke Canadian Bank?

It is well known that Canadian banks are the absolute wokest. I've been trying to figure out how they rank from most to least woke. My guess:

WOKE Rankings

1st: RBC.

2nd: TD

3rd. Scotia

4th. BMO

5th. CIBC

Happy to provide reasoning for the placements here.

Region
65 Comments
 
Funniest

lmao the same dude w/ 3 diff accounts commenting TD is funny as fck

 

I get your logic as Scotia's DEI interns are ridiculous. But RBC's hiring is far more woke than BMO/CIBC which both care far less.

 
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TD is by far the most woke. In the NYC office they’re firing everyone across Cowen and Securities. It’s calmed down a bit but morale is so bad right now. If youre a woman (especially a woman can’t emphasize this enough) or DEI, you’re fine. A2A recruitment will usually go to a woman at this point in time. If you’re a non nepo straight white male you’re cooked. 
 

RBC id say the same thing about their DEI hiring being excessive. Don’t know much about Toronto but I hear one particular team tends to literally only hire women. 
 

BMO again like CIBC seems to be okay, but seems to focus on Asian and Indian hiring. 

CIBC seems to really like hiring asians. Haven’t heard much about DEI, but heard they have a summer analyst program for sophomores that only go to women. 

scotia didn’t really strike me as DEI, far more balanced but I’ve heard the contrary and would like to hear why. 
 

NBF seemed to hire mostly Indians. Their P&U and DIG teams seemed mostly Indian. 

 

Scotia has something called Plum profile for interns where you don’t submit a resume when you apply, you submit some random personality test. Also, I know for a fact that interns this winter and summer are heavily weighted towards woman and dei

 

Is this just for Toronto or is this for all Scotia offices (i.e. rest of Canada, Hou, NY ?)

 

Spent four years at TD before switching to a global, and was underwhelmed by the performance of female juniors. Generally, had a tendency to deflect constructive feedback as misogyny, bailed on office early afternoons, pushed back on slightest of weekend works and if nothing worked just flirted with MDs to get a leg up over peers or labeled the environment toxic. Their files needed to be double staffed. Mid bucket male A&A subsidized female presence in the team by being forced to pick their slack.

Management had unwritten 50% quotas in hiring and promotions for female A&A which was frustrating, and against law / merit, and a ride up to VP was certain provided they do bare minimum. However, the largest beneficiaries of female privilege-streams aka DEI, are white women so will be tolerated as “Becky” from affluent household deserves a career, especially one with livable wage like IB

 

Spent four years at TD before switching to a global, and was underwhelmed by the performance of female juniors. Generally, had a tendency to deflect constructive feedback as misogyny, bailed on office early afternoons, pushed back on slightest of weekend works and if nothing worked just flirted with MDs to get a leg up over peers or labeled the environment toxic. Their files needed to be double staffed. Mid bucket male A&A subsidized female presence in the team by being forced to pick their slack.

Management had unwritten 50% quotas in hiring and promotions for female A&A which was frustrating, and against law / merit, and a ride up to VP was certain provided they do bare minimum. However, the largest beneficiaries of female privilege-streams aka DEI, are white women so will be tolerated as “Becky” from affluent household deserves a career, especially one with livable wage like IB

Bro were we on the same team?

 

Can confirm. There is one D that has been there for many years and literally doesn't do a damn thing on deals. She must have blackmail on the MDs. There is no other way to explain it. 30 mins late to meetings with clients, clocks out at 4 for happy hour, doesn't do any work outside the office - it was literally insane.

 

This couldn't be more inaccurate on TD NYC. I worked there for a couple years and recently left to another bank. Almost everyone that got cut was DEI, and when I mean DEI, its really people of colour. White women and men were completely safe from the layoffs. For someone white, you had to be dog shit, like legit dog shit to get cut. TD weirdly announces who gets cut, so I knew what was going on in Toronto as well. Almost everyone was person of colour. White people were completely safe. I know of some extremely weak associates in TD's average teams (DIG,Sponsors,etc.) who got promoted and were all white. There were some really strong black performers who all got fired. During my time at TD, I could sense the strong subtle racism on the floor. White people had all the great files, amazing coverage and client facing opportunities, all while the non-white folks did the dirt work. My staffer moved from a non-toronto office to nyc, and by far is the most xenophobic person I have come across (would randomly pass comments, prefer whites on files over others, etc.). Nothing ever happened to that individual. Definitely don't think TD is woke in any aspect.

 

Director in IB-M&A:

Couldn’t agree anymore. Based on observation, layoffs targeted a) mostly men gender wise b) PoC from a racial spectrum. Can conclude that only diversity TD cares about is gender one, hence, hiring and retaining white females is their top priority. This is as woke as it gets in a western society.  


Agreed. White women’s power goes unchecked at TD

 

This couldn't be more inaccurate on TD NYC. I worked there for a couple years and recently left to another bank. Almost everyone that got cut was DEI, and when I mean DEI, its really people of colour. White women and men were completely safe from the layoffs. For someone white, you had to be dog shit, like legit dog shit to get cut. TD weirdly announces who gets cut, so I knew what was going on in Toronto as well. Almost everyone was person of colour. White people were completely safe. I know of some extremely weak associates in TD's average teams (DIG,Sponsors,etc.) who got promoted and were all white. There were some really strong black performers who all got fired. During my time at TD, I could sense the strong subtle racism on the floor. White people had all the great files, amazing coverage and client facing opportunities, all while the non-white folks did the dirt work. My staffer moved from a non-toronto office to nyc, and by far is the most xenophobic person I have come across (would randomly pass comments, prefer whites on files over others, etc.). Nothing ever happened to that individual. Definitely don't think TD is woke in any aspect.

That isn't true. I've seen multiple PoC get to D and MD even though they had no business even making it to VP. No way it wasn't a diversity hire given how bad some of these were. Both are still there in coverage groups and they are really fvcking bad in pitches. I mean, really bad.

 

Cant attest to other banks, but will say experience with scotia has been incredibly woke. Have heard from people at the bank how hiring decisions were made and honestly pretty unbelievable stuff.

 
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You're a VP. Tell HR that the DEI candidates are worse prepared and less capable yourself. 

 

Male A&A shouldn’t subsidize the presence of female A&A in their teams. Let them pull their weight and earn their $$$. Don’t let the seniors work you into the ground while giving top buckets to females for showing up. Corporate North America is a cesspool of gender based discrimination against hardworking young men at the moment. 

 

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