What is the Base and Bonus breakdown for Canadian Big 5 Sales and Trading at Analyst/Assoc/higher level? I know it is largely dependent on bonus and risk, but would appreciate any color
| +9 | Natural Gas Analyst Path to Trader | 0 | 15h |
| +7 | RBC S&T 27' | 13 | 16h |
| +6 | CRE to S&T lateral opportunities | 3 | 1d |
| +6 | Exiting Sell Side FI Trading | 0 | 16h |
| +3 | S&T Outlook and Pivot from Buy Side | 0 | 15h |
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Depends a bit bank to bank. This is based on ranges I've seen within the past 2-3 years. If anyone else has info I would also be curious.
1st year analyst base salary generally 80-85k. (TD starts you off as an assoc making 100k). 4mth stub year 5-10k bonus. First full year 30-50k bonus. Second full year 40-80k bonus.
Assoc pay is generally around 100k base. First full year bonus generally around 50-120k.
It starts to get pretty divergent further out once you really start to independently produce. Follows the general rule that the bigger the bank/desk pnl/individual contribution, the better your comp. Don't expect the high end of the numbers above unless you are at a top bank, the desk is doing well, and/or you're a superstar.
How to figure out which desk has the most significant P&L contribution within each bank?
Not that easy imo.
There is some third party info (ie greenwich) will will provide rankings. Making a few posts here can also help.
A lot of your career is team dependent, and getting on a good team involves a decent amount of chance knowing the right people. Know which desk is good is 20% of the challenge.
Thanks. Any insights into Sales vs Trading? Exit opps, career longevity, etc.?
Thanks a ton!
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