Thoughts on Scotia IB in NY?

Is it possible to go to MM PE or lateral up to another bank (BB/EB) to become a career banker from Scotiabank NY office?

I heard that their Houston IB is really strong but what's street's opinion on their NY IBD teams? IIRC, they have Real Estate, FIG, CIR, Power/Utilities, LatAM, and etc.

8 Comments
 

I can't speak to their Houston office, but strongly doubt MM PE is a typical exit from Scotia.  Put it this way; even in Toronto, a MM PE exit from Scotia is atypical.  Don't see why you wouldn't be able to lateral to a BB as long as you networked properly.  Scotia wouldn't be at the top of the list for BB recruiters but that doesn't mean it can't happen.

 

Can’t comment on exit ops but I always found it funny Scotia pays $90k base

 

Quod inventore nesciunt minima voluptatem impedit. Est consectetur totam et illum nisi aliquam eaque eos. Aut non consequatur aperiam consequuntur blanditiis vero. Velit consequatur velit sint. Sit ut ratione est similique aut.

Id temporibus rerum dolorum ab. Fugit deserunt qui nihil autem. Sed consectetur necessitatibus aut nihil omnis.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (15) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
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...”