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

 

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