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.
gotta put in some time, make good impressions with the right people and get lucky
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.
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