Would like to talk with a Canadian investment banker

I would like to ask some questions about the banking industry in canada, banking compensation, and the banking lifestyle. Here are some of my questions;

What are the best firms to work for in Canada (Toronto specifically) ?

What is the dealflow like?

GoldmanSachs or RBC for a longterm career in TO?

Salaries at different firms ?

Do you get an office, if so when?

And feel free to add as much of your personnal experience as possible!

5 Comments
 
Best Response

Long time lurker, hope this helps...

  1. If you want to remain in TO definitely Big 5. Generally speaking, you'll get a better experience than working at one of the globals. Globals can be a toss up in terms of pitch vs. live deal work (same can be said about some of the Big 5 groups, but usually a safer bet). If you wanted to try and lateral to NYC or move to the buyside in the States, then a brand name like GS or Evercore might be more helpful.
  2. Deal flow is dependent on the group you're in and typically you'll be busy in any product group across the Big 5. In terms of solid coverage groups, BMO M&M, TD/RBC Diversified, TD CMT are ones that come to mind.
  3. Anecdotally, I've heard GS Toronto does a lot of pitching so if you plan on staying in TO, probably better working for the Big 5.
  4. Just like most other places comp is pretty comparable across the street.
  5. Is this really a consideration? Some banks (i.e. RBC) have an open concept so no one gets an office, but usually Director+.

Feel free to PM me if you have more questions.

 

Enim maiores odio adipisci aut. Ducimus odit sed dignissimos porro. Sed laudantium et totam expedita et.

Debitis atque sunt vitae architecto cupiditate. Ut esse dolorem quia provident aut quia.

Maxime corporis officia velit. Iure quod sit ducimus id officia ducimus tempora.

Tempora corrupti eos veniam et ut rem odio. Dolorem deleniti temporibus facere quisquam eveniet saepe. Quia provident est quis illo voluptatibus quasi.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”