Toronto Full-Time Recruiting

Hi guys. Long time reader, first time poster. I’m a junior at a target in Canada (ivey, queens) trying to break into investment banking full-time. I had an investment banking summer role cancelled due to COVID. It wasn’t much to write home about; small firm based in Singapore focused on VC and PE but provides M&A advisory and valuation. I have enrolled and plan to complete my CFA level 1 by December of this year, I am waiting to finish the second CSC exam (postponed due to COVID), and I plan on networking a ton this summer. Anyone have advice for breaking in with little experience, or have input into how a canceled internship will be viewed?

I appreciate it.

 

The full-time recruiting environment is going to be tough given the current environment. It will likely be especially tougher in Canada because of oil markets (and so much of Canada's economy is hinged on energy).

Try to get another internship this summer, and network with other industries in case IB doesn't work out.

 
Most Helpful

I would keep my options open if I were you. There were very few ft positions for the class of 2020 and that’s prior to covid. Some of my high caliber profile friends failed to land a ft banking job because of the intense competition. There are always SAs who interned in the states that would compete with you for the handful ft positions.

I would recommend you to reach out to as many banks as possible while have a few backups. REIT positions and investment rotational programs (I.e. manulife, sunlife, cppib) would always be great options that open doors for you. I have seen tons people that lateralled to banking later down the road from those positions.

best of luck!

 

Thanks for the suggestions! I’ve heard from a few that those are great opportunities to gain exposure to finance industry, but would work at a REIT limit me to REIB or would it be possible to lateral to M&A?

 

Consequatur aut earum enim non quas. Ex odio et accusamus quaerat odio ut aut. Saepe eos dolore provident placeat molestiae quae. Veniam est vitae laudantium quidem excepturi delectus.

Career Advancement Opportunities

February 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Lazard Freres 01 98.3%
  • JPMorgan Chase 05 97.7%
  • Perella Weinberg Partners (++) 97.1%

Overall Employee Satisfaction

February 2024 Investment Banking

  • Harris Williams & Co. 28 99.4%
  • JPMorgan Chase 11 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

February 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Credit Suisse 04 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

February 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (81) $263
  • 3rd+ Year Analyst (12) $184
  • Intern/Summer Associate (32) $172
  • 2nd Year Analyst (60) $169
  • 1st Year Analyst (193) $159
  • Intern/Summer Analyst (139) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
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...”