How many analysts do these firms hire annually for their investment banking division? Also, how many of these analysts are Ivey or QComm grads?
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I participated in the FT recruiting process at all the banks you listed last Fall, except for Scotia.
Ivey is indeed one of their target school, as well as McGill and Queens.
I hope it helps
BradZ.
Totally wrong. I would guess ~10-20 analysts each (all Canada)
Not many firms would go that high, in the best years they probably went up to 10 - 15, but when I was going through the cycle in 2008, the figures I was told for new FT, not offers to come back, CIBC was bringing in 2, TD 6, RBC 3, National Bank 2, Genuity 1.
Not sure what they told you, or what you speculated, when you didn't get an offer but the info is pretty inaccurate.
For example: RBC Toronto hired at LEAST six analysts, of which at LEAST two were hired during the fall recruitment.
3 analysts each for Toronto? Is this just for the M&A group? I find it hard to believe that all of the industry and M&A groups only hired 3 people...
Btw, how's LBS going? Is it worth it for banking in Canada?
CIBC's Capital Markets and Investment Banking was acquired by Oppenheimer & Company.
at least the US investment banking
Does anyone know the numbers for Genuity? Both FT and SA?
Incoming analyst class is 10-12 analysts and 2-3 associates...that includes summer analysts rehired for full-time
.
Wow.
The numbers here are ridiculous. It must be insanely competitive to land a banking job out of Ivey and QComm even though they are targets.
Definitely competitive, especially for summer, but like anything else, if you work hard enough it will happen. Also, keep in mind that not obtaining a summer IB job is not the end of the world. Personally, I didn't land a summer IB position but it worked out for full-time.
My bank (one of those aforementioned) has I believe 4 IBD SAs for this summer for their Toronto office. S&T has a few more at 6. And Ivey is the best represented.
..
When I was at scotia during the commodities boom, there were about 15 analysts total across all groups, ECM, and DCM. My understanding is that it was downsized to about half that number through natural attrition and reduced hiring, but no layoffs.
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