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Based on previous WSO threads, the compensation for analysts at Scotiabank in Toronto can be compared to other major banks. Here are some insights:

  • Big 5 Toronto Analyst Compensation:

    • 1st Year Analyst: ~80-85k CAD (base) + 40-60k CAD (bonus) + 5-7.5k CAD (signing bonus).
  • Corporate Banking Bonuses 2022 - Analysts:

    • Rank: AN2
    • Bank: Canadian 5 (which includes Scotiabank)
    • Region: Canada
    • Old Base / New Base: 90k CAD / A2A >> 115k CAD
    • 2022 Bonus: 20k CAD
    • Other Bonuses: 5k CAD COVID bonus
    • Total Comp All-In: 120k CAD

These figures suggest that while the bonuses at Scotiabank might not be the highest, they are competitive within the market.

Sources: Corporate Banking Bonuses 2022 - Analysts, Toronto - Boutique Investment Banking Compensation, Big 5 Toronto Analyst Comp Help, 2021 Big 6 Canadian bonus thread, How good are Scotiabank, CIBC and RBC Mining Groups in Toronto?

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