Most Helpful

If your focus is to maximize your earnings and your career potential, then I would strongly recommend Toronto over Vancouver.

Several reasons include:

1) Material Pay Cut:

When completing undergrad I received several real estate acquisitions offers in Vancouver and the base salary ranged from 50k - 65k. Comparable roles in Toronto had base salaries from 75k - 85k. People are willing to accept lower salaries in Vancouver to be able to live there (higher amenity city than Toronto) and this delta increases as you advance in your career.

2) Limited Large-Scale Real Estate Companies (excluding development):

Pension Funds with a Real Estate Arm in Toronto include: CPPIB, Oxford Properties, Cadillac Fairview, BentallGreenOak etc. Private Equity Firms: KingSett Capital, Slate Asset Management, Crestpoint, Hullmark, Fiera Properties, Tricon etc. REITs: Vast majority of Canadian REITs headquarters are location in Toronto (RioCan REIT, First Capital REIT etc)

Vancouver headquartered pension funds: QuadReal and Concert Properties. Private Equity: Hungerford and Sandpiper. REITs: American Hotel Income Properties REIT. Vancouver only has an edge in Toronto for development opportunities. Companies include: WestBank, Anthem Properties, Cannacord, Bosa, Grosvenor, Onni, Chard Developments, Bold Properties, Beedie Properties etc.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
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...”