About
Hey All! I'm a second year analyst at a Canadian Bulge Bracket covering financial institutions. I have a non-target background and I've worked in mid-market IB and public equities at one of Canada's largest pension funds prior to my current role. I've just joined WSO as a mentor / resume reviewer and I wanted to introduce myself to the community and help answer any and every question you guys have about anything and everything related to IB, how you can break in, succeeding once you're in the seat or really anything that is on your mind!
Mentoring
Want to work with me? [Click here](https://www.wallstreetoasis.com/mentors/498853)
Title “Bulge Bracket” Text “Canadian Bulge Bracket”
Lol talk about title bait
first and second year total compensation? In USD please not maple syrup money
These comments are ruthless but you set yourself up for it man.. smh
it makes me laugh, people who have time to troll in the comments should be the ones asking the questions
Canada....the back office of America since 1867.
What does a typical day look like for you? How many hours are you working/day on average? Also, are you grinding from the moment you step into the office until you leave, or there slow periods throughout the day? Appreciate your insight!
It varies. Like my most places there are times where you're sitting on your hands, but when there's a live deal and you're the lead junior on it you're working from the moment you step in to the moment you leave (~20% its actually that busy). I usually get in to the office around 9:30 and most days leaving by 10-11 on a normal day. (includes about an hour of going to the gym on slower days).
Most of the work I do now is modelling, along with the other dog shit work you'd expect to do in banking -> formatting slides, scrubbing data, comps and the like. But after about a year in the seat a good benchmark would to see if you're getting to do more of the modelling work.
I don't really have much sympathy for the being deterred part, you either want it or you don't nobody can do that for you. You'll have to work harder than others to get in but its very do-able, you just have to work harder to get noticed. Once you're in you're in, nobody gives a shit about your background, if you can do the work you'll be respected from senior bankers, you might get chirped a little bit from other juniors in passing, but if you can't handle that then banking will be tough to deal with
I'm not going to reveal my school, but it was in Southern Ontario and it was not Ivey, Queens, Rotman, Shulich, Waterloo or Laurier
Assuming you're talking about a banking internship then the only thing you can do is what you mentioned.
As an intern, nobody is going to let you run any substantial analysis, or even build a slide, you'll be spoon fed for your 4 months. Unless you're in the WCM program or a diversity hire, I'm assuming you have the requisite knowledge of corporate finance, if you don't have that background, i.e. -- you're a visible minority and got plucked off campus to fill a quota you will likely get an offer by the end of the summer, but you won't have the skill set to do the job and you'll be miserable, if this is you pick up the Paul Pignataro books and get to work. If not, ignore this.
If you have corporate finance knowledge then I would get as good as you can in excel and powerpoint as a first priority, and take care of your health leading up to the internship. You'll likely get grinded for 4 months ... but its just 4 months and you want to be in the best possible position to withstand it and get an offer ... you can sleep when you get back to campus.
And lastely realize this, you're going to hear a lot of trash about what you're role is as an intern, the real answer is that your roll is to make everyone's life easier, i.e. -- be the smallest burden you can on the team. I realize this reads harsh but its reality and if you keep that in mind you'll get an offer.