Toronto CIBC Middle Market
Anyone has insights to CIBC middle market IB? How does the comp work? Would it be a good platform to leverage later to large cap/global IB teams?
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heard comp is street if not slightly above. Good deal flow for EIT especially
I see people posting about 70k for analyst and 90k for associate as base. Not sure if it’s accurate
i know at least for NYC and ldn its street
They do MM? Thought they were considered a BB in Canada?
Yea they have a Mm team, heard mostly for private companies
The MM team is housed under their commercial banking arm, and the pay reflects that.
Base comp is a significant haircut from the capital markets team, and bonuses are 40% of base given you’re essentially in commercial banking.
My understanding was that the team still works hard. 9-9+ the norm on Weekdays, with minimal weekend work, which doesn’t feel quite worth it given the comp. I’d rather work harder for more.
For lateraling to a global team, it would be more preferable than a B4 Transactions group, or nearly any other boutique given the brand and deal flow. That being said, you have almost no interaction with the capital markets groups.
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