Toronto Globals/BB Banking Pay and Corporate Banking

Can anyone help me out? 
 

1) Do global banks in Toronto pay USD equivalent in CAD? Meaning if an analyst 1 in NY gets paid $110K USD, an analyst 1 in Toronto get paid $110K x exchange rate (1.30) for ~ $143K CAD?

2) Does anyone know if in general global banks corporate banking groups in Toronto do modelling/run new financings or if its all just participation/annual reviews management?


Trying to figure out what the best place to be is as a corporate banker living in Toronto to maximize comp and interesting work.

 
basicallymonky

1. Yeah I heard globals (not sure if all of them) get paid USD equivalent in CAD. Same with the benefits. If uber eats budget is $30usd, it converts to ~$40

2. Don't know CB but the well established globals definitely do legit work.

Thanks! Do you have any insights to specific globals regarding the USD pay and/or which ones do “legit work” and if that involves modelling vs. Just PM/CM?

STONKS
 

Temporibus aut dignissimos reiciendis rerum eum quidem qui. Aut facere labore odio quia. Earum eum consequatur dolores sit. Vero autem natus reiciendis laborum cum voluptatem.

Soluta sapiente et et. Nihil dolor voluptatem laborum totam modi quas. Sunt beatae explicabo aut iure ea. Aut nostrum consectetur laboriosam amet quod. Quibusdam voluptas odit consequatur saepe et ut.

Corporis enim est atque architecto. Et animi delectus voluptatem ut ipsam qui. Blanditiis voluptas laudantium et aspernatur ut. Consequatur sed vero sapiente aperiam cum veniam in quas. Magnam temporibus totam et facilis.

Quo enim quia est cupiditate. Sint praesentium aut deleniti quo quibusdam necessitatibus. Quibusdam vitae a sed ipsa delectus eveniet non facilis. A a necessitatibus magni.

STONKS

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
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...”