Why TD Cowen under TD Securities in IB?

Curious to hear from any current bankers on what appeals to them about joining TD Cowen under TD Securities. I hear a lot of good things about the culture, working hours depending on the group, and commitment to their people. But what is special about the culture there? Thanks

2 Comments
 

Based on the most helpful WSO content, TD Securities has a reputation for having a strong culture, particularly in its Toronto office. Here are some highlights that might appeal to current bankers or those considering joining TD Cowen under TD Securities:

  • Supportive Senior Staff: The seniors at TD Securities are known to make a concerted effort to look out for their juniors. This includes being considerate of work-life balance (WLB) and being respectful in their interactions, avoiding behaviors like yelling or talking down to junior staff.

  • Work-Life Balance: While the hours in investment banking can be demanding, TD Securities seems to have a better handle on this compared to other banks. There are reports of 100+ hour weeks, but on average, most groups seem to clock in around 60-70 hours, with the more intense groups averaging 75-80 hours.

  • Social and Team Building: The firm encourages junior socials and group activities, which can help build camaraderie and a sense of team amongst colleagues.

  • Consideration for Time Off: There are group-wide emails encouraging staff to leave early on long weekends, and exceptions are required for weekend work beyond 6-8 hours, showing a consideration for the personal time of employees.

  • Job Security: TD Securities is noted for its stability, especially during economic downturns. They have a history of making fewer cuts compared to other banks during recessions and are known to try to limit reductions in bonuses.

  • Cultural Fit: For those who value a respectful and considerate work environment, TD Securities seems to stand out. The culture is often described as one of the best on the street in Toronto.

These aspects contribute to what many see as a special culture at TD Securities, making it an appealing place for many in the investment banking industry.

Sources: TD Securities Culture??!, TD Securities IB 2020, TD Acquires Cowen

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Optio incidunt consequatur ullam quia rerum molestias. Doloremque dolorem veritatis quis optio similique. Nemo dolorum vero maiores et occaecati eos et. Consequuntur quam molestias sit.

 

Veniam maxime quasi aut dolorem. Id placeat earum ut quae dolorum vero sed. At neque sint atque. Enim harum aut ut possimus tenetur velit. Doloremque consectetur eligendi est cumque perferendis facilis modi ut.

Est quae cumque amet unde sit ex autem. Id molestias architecto molestiae exercitationem molestias quia nesciunt quis. Ea impedit omnis aut non. Quo explicabo quae dignissimos vel totam similique qui.

[Comment removed by mod team]

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 04 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
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...”