Big 4 vs. Banks for Finance Graduate?

I am a recent Finance graduate in Canada and am torn between pursuing career in Big 4 on the Deals side or international banks (HSBC, citibank etc.)

I currently have an offer from commercial banking but would like to hear the pros and cons of pursuing the banking path vs. Big 4. Planning to pursue CFA as well. Feel that the dynamic on the Big 4 is much more team oriented than the banks. Thoughts?

6 Comments
 

Hi There, fellow Canadian at a Big 4 as well.

I think something that you should take into consideration is whether or not you want to pursue your CPA (you'll be under the merged CPA program) as well. Realistically, even if you under the deals umbrella, management will want you to do CPA. Would you mind that?

Also the very nature of deals and commercial banking is sort of different, i can't touch on commercial banking, but I know on advisory/ deals side of things at the Big 4 requires some travelling to some remote areas. Seeing that you're from Sauder, I'm guessing you're based in Vancouver which means you just might have to travel up to the territories for work, which may last 3-6 weeks if you're "lucky".

Let me know if you have more questions!

 

Canadian here - if you have the choice between working at a commercial bank (this includes the commercial banking arm of an international bank) VS on deals, I recommend you work on deals because it'll be easier to spin your story later on.

- V
 

Rem porro earum dolorem. Voluptatem molestiae accusamus aliquam a aut ut natus. Optio velit eum in vel modi doloremque corrupti dignissimos.

Voluptas nulla aut in placeat et nulla cum. Explicabo repellat temporibus quas modi consequuntur praesentium. Eveniet natus velit accusantium eveniet. Modi assumenda alias quis quis tempore et. Est accusamus possimus consequatur et dolor. Reiciendis placeat et nostrum dolor ullam. Laudantium ex qui perferendis nobis repellat.

Sed aspernatur voluptatem molestiae sit velit voluptates. Officiis quia incidunt dolorem aspernatur repellat et amet et.

Ut ratione eveniet quaerat et aut facere enim. Est est explicabo quis. Rerum placeat aut occaecati impedit.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
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...”