Fall Operations Analyst to Spring S&T?

I currently have an offer on the table for Scotiabank for their Fall Ops team but my main goal is to get into S&T in the future. Would this be possible to move internally if I utilized this role as a networking opportunity within the bank itself?

Some other background information: I am double majoring in engineering & finance, 3.2 GPA and planning on taking the next 4-5 terms off to do internships in banking if possible. I have around 2 years left til graduation. Also working at my non-target school's endowment fund as a FI analyst if any of that is relevant.

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  • Intern in S&T - Other
Jul 1, 2022 - 12:14am

Will spare the private info but I will say that I will be interning in S&T next summer at a Canadian Big 5. Your best bet is to apply for Scotia's S&T 2023 positions as they havent even opened yet, or national bank. I think CIBC and TD are doing first rounds soon but apply for those too if you didnt (they close in next 1-2 days i think?) Put the incoming internship on your resume and then try to do a lot of networking with scotia using the fact that you're an incoming intern; chat with the recruiters and people working there. also try to improve your GPA if you can..you might have to gear yourself for a SA 2024 position if nothing works out by the end of july since most recruitment will be over then. 

Try to get that gpa to at least a 3.4/3.5 (they do allow more lenience for eng students but a 3.2 is pushing it) and generally for finance students they want to see 3.7+ so use your major or sessional gpa on resume if possible if its higher.

If you can, try to get a winter 2023 internship in middle office like a trade support desk or something at scotia by leveraging ur fall exp and then recruit in spring/summer 2023 for SA 2024, then go back to school in fall 2023/winter 2024 dont take 4-5 terms off thats overkill as fuck

hope this helps and feel free to ask more questions

Jul 1, 2022 - 7:24pm
thomaschoochoo, what's your opinion? Comment below:

Thanks for the insight, really appreciate it! I just got another offer for a small commodities trading shop in Vancouver, would you say that that position could be better on the resume than the operations one at Scotia? 

In terms of the gpa thing, I can't really bring it up since I already have like a billion units completed for my degree. Like the last few semesters I've been getting around 3.7-3.8 gpas and it only pushed my cgpa by like 0.06. I was also thinking of taking 4-5 terms off and doing off cycle along with SA recruitment for the next year and a bit only because of my double degree requiring both the spring and summer off consecutively to finish my engineering capstone courses. 

Jul 2, 2022 - 9:33pm
bopguy, what's your opinion? Comment below:

How small is small? How many AUM and would you be getting a book to trade? I would lean towards the trading opportunity since there are hundreds if not thousands of BO->FO wannabes but if you can get some proper trading experience you would be a better fit. But you'd also want to make sure you learn as much as you can since a trading shop on your resume would open up a lot of room for getting grilled in your S&T interviews.

Jul 4, 2022 - 7:27pm
thomaschoochoo, what's your opinion? Comment below:

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