CPP Rotational - Am I Cooked?
There is some information on CPP, but not that much that is up-to-date.
I am going into the CPP rotational program (full-time) 2025 fall and have a few questions:
- What happens after the two years is up? Does anyone know what return rates will look like?
- What is the top group at CPP in terms of deal experience (really only looking at the private markets side)?
- If I don't get a return, does this mean CPP does not have capacity or that I am just bad at my job?
- Worst comes to worse, where can I go with a CPP rotational on my resume?
bump
It’s basically a two year interview. The top groups are capital solutions and Infra.
any idea what historical return rates have been?
Return rates have generally been high, with maybe 10-15% not getting a return / getting pushed out of investing groups (but that’s not to say everyone gets placed in their top choice after the rotations). If you’re in the no return camp, it’s generally due to skill gap or cultural fit. Placements to US PE has been good over the last few years though which helps slim down the class size and lead to less disappointments (competition) at placement time.
Hey Im a 26NG and hoping to learn more about this program - do you mind a brief chat to share some insights about your exp? TYTY
Bump
Hey, what were the timelines like for getting into the rotational program out of school?
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There's only FT slots if interns don't take return offers or if class size gets expanded
I know a friend who personally went through the 2-year rotational program as he was my roommate. I recommend you not taking it over banking. Don't do it because A) you will probably waste your time not being able to build skillsets like banking kids do, B) the investing teams are just poor caliber, these people are NOT world class so your investing acumen is actually all fake and doesnt add value anyway in real investing seats C) too much politics and beauracracy; you might not get placed full time due to DEI quota and stupid office politics (it is real and ive heard it plenty of times) D) I personally know a lot of people who did not get full-time placements but fortunately they landed somewhere else better, but it is really tough to sell your rotational program experience unless you do credit or infra (man these are boring asset classes and good for you if you like these) E) you have to kiss a lot of ass to get placed but it is not worth to do that for low caliber people there. just do banking and get out to a real buyside seat
kinda surprised to hear that the investing teams are poor caliber
Definitely there are some smart people like every firm. However, the overall quality is really abysmal. Too much DEI and the firm naturally self selects people who just collect paychecks and lack ambition in life. Also, the firmis too political. anyone who is serious about their finance career should not be here.
Why would you be surprised lmao. The type of people that are attracted to pensions are people that want to chill and work a 9-6.
Just curious on specifically which banking roles you'd take over it. Would you say most big 5 banking roles are better or only top teams, satellite EBs/BBs, etc.?
if you are in any US banking seat, no brainer to take that over CPP. i still think EB and BB offices in Toronto are better than CPP as well.
Now, if your only options are canadian banks in toronto vs. CPP,it depends on what you are aiming for exits.
If you want to do infra or credit then CPP is a better option. if you want to do anything else, i think rbc td or
bmo banking is better and you can try to lateral to a US office after a year or two.
The fact CPP rotational get exits (someone said US PE - wtf?) blows my mind. CPP and OTPP have to be two of the most overhyped organizations in the entire world. Chalk full of mediocre talent combined with overly bureaucratic processes. Throw in the fact that they underperform constantly and have no real reason to exist. Also no actual investors + a culture that religiously opposes innovation in favour of further expanding middle/back office. Nobody will admit it but you could passive the entire thing and save a shit ton of money
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