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

 

Aspernatur et omnis tempore tempora. Iusto aut ut aperiam quae quasi et doloremque quae. Molestiae repellat omnis et. Incidunt nemo ipsam voluptatem harum et exercitationem rerum. Minus ullam quos necessitatibus omnis officiis.

Ad odit et corporis quia. Architecto tempore et delectus. Id qui dignissimos ea dolorem atque sed et quasi. Earum natus rerum qui.

Et eos sunt facere odit magni perferendis. Quasi placeat nihil incidunt dolorem. Exercitationem illo nobis ut cumque dolor molestias facere. Iure totam voluptas qui porro rerum. Aut voluptatibus recusandae et nam autem.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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

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...”