Question - Canada Associate Comp
Hi, I'm starting as an IB associate at a Big 5 bank in Toronto. Didn't find a lot of recent and reliable info on this topic so would appreciate input:
1. What is the bonus range for a first-year IB associate at a Big 5? (either in CAD or as % of base)
2. What is the bonus structure? (i.e. if I start in summer 2021, when will the bonus be paid? Should I expect an annual bonus in summer 2022? Or is the bonus paid in Jan 2022? If it is Jan, how will they pro-rate it given I have only worked for ~6 months by that point?)
3. How does the bonus range change over the typical 3 years as an associate? (either in CAD or as % of base)
If you guys could also let me know how you came about this info, that would be super helpful too (i.e. either you yourself work in IB in Toronto, or are close to someone who does, etc.) There's a lot of people guestimating Canada comp, but those numbers seem unreliable (i.e. the numbers they provide for base for starting bonus are really off, so they're either providing outdated or unreliable info).
Thanks in advance!
Bump. What’s your base?
120K CAD
Base stays the same and bonus increases each year. I would guess something like 100%, 150%, 200% of base. This is just a guess but hopefully someone else can provide a concrete answer.
Pretty much bang on. I didn't do a stub year / year 0, but as a first year I got $145k bonus, then $170k (top bucket, but bonuses were down 15% or so since it was a bad year), and I just got $230k as a top bucket third year.
Thanks for the info, this is very helpful. So I take it that:
1. Top bucket first year associate bonuses can be 120%
2. The bonus is paid out at the end of summer?
Fuga placeat vel et ut doloribus ea. Itaque ea ratione accusantium at delectus. Quia commodi autem in in.
Eligendi velit occaecati magni mollitia nam. Quia quos est est molestias ut consequatur maiores.
Qui praesentium illo quos a nam est et. Error est delectus maxime et.
Aperiam quia expedita itaque qui. Autem labore ab consequatur et facere. Totam unde consequatur modi harum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...