8 Comments
 

Even though the question is not directed to me, I do know a fair bit about the canadian institutions.

Citigroups Global Capital Markets is still in its infancy in the Canadian Market and is not a major player yet, even though they are hiring quite alot nowadays.

Scotia Capital is the king of the hill when it comes to commodities. Scotia Mocatta is actually one of the 4 banks in the world who set the gold price every day.

TD Securities would be my choice for everything else.

 
Best Response

RBC - Very elite. Would be best for most of FI. Top notch training program. Best on bay street.

TD - For equities as their equites division is basically the Newcrest guys with greats such Johnny O on the team.

BMO - cant say much about these guys as they dont even have a S&T program for new grads. Not sure how they hire but I've heard from one of their traders that the bond desk is a major player in the canadian market.

CIBC - More prominent with IBD especially M&A. Hardly a player when it comes to S&T. Trading floor looks ghetto as well.

ML - I wouldnt go with a US BB S&T in Canada, as the market is pretty much the domain of the big 5.

 

Would the opportunities that you would get working for a US BB in Toronto (higher salary, potential to move to NY, training in NY, name recognition for b-school, etc) outweigh the fact that the BB is not a major player on the TSX?

 

Once working in TO, it'll be hard to transition to NYC, unless you're the next george soros or something. The competition for the NYC positions is actually stiffer than the ones in TO though nothing is impossible.

If you eventually want to work in NYC, join the US BB here, hit a top bschool in the US then try for nyc.

 

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