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.

Region
 
Most Helpful

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

 

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. 

 

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.

 

Voluptate et consequuntur aperiam dignissimos velit dolorem. Sit omnis recusandae numquam veritatis qui eligendi excepturi. Voluptas sed quidem qui dolores saepe. Asperiores rerum aut quaerat provident.

Incidunt et rerum ad quos voluptatem id beatae. Qui error ut ut aspernatur.

Impedit harum eligendi et ipsam. Ut sit atque quam pariatur ea ea rerum. Itaque itaque est in placeat vel.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 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 (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
kanon's picture
kanon
98.9
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...”