Canada SA 2013
Hey everybody,
I know there are a dew Canadians here and I wanted to create a thread so we can track how SA recruiting is progressing. Here are the deadlines I know of:
S&T: Deadlines
CIBC S&T: Jan 3rd
BMO S&T: Jan 7th
TD S&T: Jan 7th
RBC S&T: Jan 9th
Scotiabank S&T: Jan 9th
IBD: Deadlines
Scotiabank IBD: Jan 9th
RBC IBD: Jan 8th
TD IBD: Jan 7th
CIBC IBD: Jan 7th
Here are all the dates I have.
Has anybody heard back from any of the banks?
Do you know if first rounds have already taken place?
Cheers!
TD IBD Jan 7th and CIBC IBD Jan 7th I believe, but not 100% sure on CIBC. Heard back from TD IBD yesterday
Thanks I will try to keep the list above up to date. When is the first round taking place?
Next week! Best of luck with your applications
Are the deadlines for the NY offices the same?
I don't think so. There is a thread with the NY deadlines: http://www.wallstreetoasis.com/forums/nyc-sa-recruiting-2012-2013
Did anyone hear back from Merrill Canada?
Which school are you at? Do you think interview invitation timing is also school-specific?
Usually it depends on the city you are in, not the school.
I do think it somewhat depends on school, as different schools' application limit were as far as one week apart in some cases
.
So basically since I didn't hear from anyone for IBD SA this week then I've likely been dinged in all of them? Unbelievable...
Anyone interview with Scotia or hear back for 2nd rounds?
I am at Semi-target (Rotman or Schulic) and I am invited to RBC and BMO so far.
I am at Semi-target (Rotman or Schulic) and I am invited to RBC and BMO so far.
Anybody get CIBC Sales and Trading ?
Anyone hear back from TD?
Yes and for CIBC also
I heard back from both TD and CIBC (although CIBC was today late afternoon for interview tomorrow morning)
Does anyone know when RBC superday will be?
Not sure here guys, but I think the dates might be different depending on if you're from a target/non-target for 1st rounds.
When do you think second rounds will be for CIBC/RBC/TD/BMO/Scotia for S&T?
I think the general concensus on the Street is that RBC, TD and Scotia have the best sales & trading teams and best relationships with the buy-side?
Do all 1st round candidates get notified about the result?
Yes, you always hear back. Some times they will take their time with the rejections though. Any one hear from Scotia on 2nd rounds or know when they are?
Honestly I think it depends on the firm. Last year I interviewed at CIBC and didnt get a rejection email back. On top of that they were two hours late for the interview in the first place.
Anyone hear back from Scotia or TD then??
Not yet. How about CIBC?
Haven't interviewed there.
anyone hear back RBC second round S&T?
Heard back for second round IBD TD and CIBC
Ah fuck I have yet to hear back from CIBC, TD and Scotia S&T but I think sales and trading superdays are later than you guys. I have heard from American banks for second rounds though.
Finally decided to join.
Anyways, I had my first round interview on Monday afternoon at RBC Plaza. They said at the end of the interview that I should hear back from them next week and that Superday was on Friday. They also said that Superday lasts for 1 hr 30 mins to 2 hours.
Low and behold I didnt get a call today and I know somebody who did so I am guessing I wasnt good enough. To those who also applied good luck.
Is this for IBD or S&T? Ah I wish they just notify us when we're rejected rather than making us wait.
RBC S&T called me with rejection
how did you all feel about your interviews though?
when you get rejected it always makes you wonder how talented the successful applicants are during their interviews
Anyone hear back from Scotia yet? Or was told how the process would progress?
the friend who i thought got called at RBC said it was in fact CIBC. Also had a Scotia 2nd rounder...both today.
He got an RBC rejection call this afternoon...so theres still a chance. I have yet to hear anything though
I'm asking about IBD not S&T, which one are you referring to?
His scotia was for S&T. CIBC was for IBD. We both interviewed at RBC for IBD. What firm are you referring to
Has anybody heard from CIBC Sales and Trading? I've heard back from TD and other Canadian/American banks but man CIBC reply already!
Got my RBC IB reject call today. Basically I was told that I did very well presenting myself and thinking through questions but my DCF valuation answer wasnt as in depth as those at targets and he said this was a trend he noticed with McMaster students. Note to all my highschoolers surveying...DO NOT GO TO MAC.
It is a shame that a ignorant decision made at age 17 can have such a large impact on your life. Transferring to Queens or Ivey next year hopefully.
Don't be too hard on yourself the fact that you got the interview in your second year is very impressive. RBC is also known to be extremely picky.
3rd year but thanks
Did you actually study the guides, text books on M&A and valuations and read every source out there? Did you meet alumni and get mock interviews? No? Then I'm afraid you're to blame McMaster is a shit school where dreams go to die, I agree. However, I know a few who got into banking from Mac over the years, including one last summer, and they all hustled real hard and took things into their own hands. Moving to Ivey is not a bad idea, and you should probably do it. But remember that at the end of the day, you should have and could have hustled harder.
For instance based on what I see in the forums about how to answer the DCF well I would say my answer was more than definitely enough if not more. Shit maybe its cause I'm black lol.
Then again when they asked a follow up question about switching that to equity valuation or something i kinda fumbled. So maybe thats what they meant. shrug It's over ...until next time.
I don't know him personally, but I know of him. I'm sure he would be able to tell you better than I would since he is from your school. Did you contact him? Big mistake if you didn't. A great answer would be descriptive and would start with the assumptions ->financial projections including NWC items->calculate unlevered FCF, 5 years (insert FCF formula) - > calculate terminal value using either multiples method or gordon growth method and mention both and how to do this -> calculate WACC and find the NPV of both iterms and that's your EV. To get Equity value you merely Take EV, add back cash and take out debt.
for equity value u aslo take out preferred shares and non controlling interest. And no point in going to Ivey for your last year you're right.
As far as Ivey or Queens is concerned I still prefer to transfer even though I'd enter my last year. The thing with Mac i feel is that the school's career services wont do anything for you to be sucessful not in Finance specifically but in general. I want to go to Ivey or queens because they have a lot more breadth. If you dont make IB, perhaps you can fall amongst the stars and still go for some Corp Finance roles, Consulting or even Investment Mgmt you know? It's not strictly boom or bust.
Has anyone heard from TD Securities for S&T Summer Associate? Had second round interview on Friday and was told would either hear that day or this coming Monday. Very anxious and just wanted to know if anyone has gotten an offer/rejection yet. Thanks.
Hey guys, anyone get offers for TD IBD?
Prospective monkey here who will be going through the process next year. Do you guys mind sharing what type of GPA/Experience that Canadians should aim for to be a competitive applicants (to get interviews)?
I've seen numerous amount of posts and know what gpa and ec to have in general, but I am just curious what canadian banks' standards are. Thanks!
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