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
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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
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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
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