What is Canadian comp and recruitment like?

Question

How much do analyst/associate/VP/MD make on average at the big 5 canadian banks? I assume it is lower than the US, but is it around 50% less compared to BB or like 80%?

Also how many people are recruited per year into Bay Street? Since there's only 2 or 3 schools that actually get recruitment on-campus recruitment wouldn't it be much harder than to get on Wall Street as there's less positions?

Thanks

creditderivatives · Accepted Answer

Canadian Big 5 Banks (Fulltime Recruiting 2010) (Originally Posted: 08/17/2009)

OK for those interested in TD Securities (One of Canada's Big 5) fulltime hiring for 2010, here is the line up for schools

they are specifically recruiting at and the respective positions

Canadian Schools

Positions: Investment Banking Associate

Joseph L.

marcellus_wallace · Answer

Bay St recruiting is not as formal as other places from what I have seen. I would say most of the banks have exact "numbers" they want to take from each school, but they in general interview anyone who they see as quality. For instance one of the big5 took 2-3 kids from my school last year, and they wanted atleast 1 co-op for the fall, but they came, interviewed and decided to give no offers. Another bank only wanted 1 student, but ended up taking 2.

mergeandacquire · Answer

Canadian Recruiting: To Gamble or Not to Gamble (Originally Posted: 07/21/2014)

Hi everyone,

I got a tough decision to make. I am expecting to get a return offer at a boutique but really want to sign on FT with a bb or big 5 bank instead for better deal flow.

Here's my background:

Interned at a local boutique this summer
4.0 GPA
Non-target
Looking at the precedents, no one else as far as I could think of from my school has succeeded in Sept recruiting with an offer. Few got to final rounds.

aspiringchimp · Answer

Analysts 85k base is now standard
Associates 100k base is now standard

Compensation trajectory is driven largely by increasing bonuses (i.e. first year analyst should expect ~50K, second year ~80K, third year ~100K, etc.)

Source: worked Toronto banking for too long

Bay Street is likely easier to get onto than Wall Street - US core schools for Wall Street can get placed onto Bay Street but outside of a couple placements from Ivey most Canadians don't get the chance to go to Wall Street.

Toronto is an expensive place to live. NYC is horrendous.

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What is Canadian comp and recruitment like?

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What is Canadian comp and recruitment like?

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