This is pretty elusive and no one really gives hard stats. Hoping folks can share numbers at the analyst / associate level. Have heard some are in line with Big 5, certain ones pay in US$ converted to CAD,etc
| +248 | UBS Layoffs (October 2026) | 71 | 3h |
| +110 | Do people still want to go PE? | 34 | 14h |
| +71 | UBS Tech layoff | 23 | 1h |
| +62 | Bloomberg - New UBS Investment Bankers See Smaller Pay Gain on Promotion | 15 | 1d |
| +46 | Think I'm fucking up my analyst years | 16 | 4d |
| +36 | What Differentiates the Best Analysts as AI Improves? | 9 | 23h |
| +33 | Lazard hirevue | 11 | 1d |
| +26 | Ambitious CC Student trying to break into IB | 14 | 6d |
| +24 | Cornell Club T10 Rankings (UPDATED 10/2026) | 15 | 7h |
| +23 | Quitting After First 4 months | 10 | 10h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, here's what you need to know about BB/EB compensation in Toronto:
Analyst Level:
Associate Level:
Key Differentiators:
If you're targeting the highest-paying BB/EB in Toronto, focus on those that align closely with NYC pay structures or convert USD to CAD for compensation.
Sources: Bay Street VS Wall Street Investment Banker, https://www.wallstreetoasis.com/forum/investment-banking/ebs-compensation-london-2021?customgpt=1, Big 5 Toronto Analyst Comp Help
Bump
Bump
No one pays usd converted to cad. Silly rumour started by snot nosed uni kids
You might be reading to much into the conversion aspect. They don’t live translate USD/CAD or pay you so that you end up with USD in your bank account but generally the salary you get is the conversion. Ie, at a Cad bank where I made 80k prorated, in the same division in the US, I got 120k
You have no idea what you’re talking about lol at least 2 BBs do
To be more specific. It’s not as though the salary is 100K x spot USDCAD FX rate each week.
If you want to claim that the BB’s analyst Toronto pay is $120K CAD vs the $100K you would receive at Big 5 than I agree this is true.
But it’s misleading to say you get paid USD converted to CAD at an FX rate in Toronto.
Same, 95k at a Canadian bank and got 130k CAD for US Bank
Adipisci id cum officia doloremque quaerat. Occaecati consequatur laborum hic quis.
Voluptatem voluptatum dolorum non consequatur. Nobis quo blanditiis ea necessitatibus. Porro provident sed repudiandae animi accusamus ad deleniti. Et recusandae consequatur rerum ad repellat aut consequuntur voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...