Brookfield Infrastructure Toronto
Curious to see if anyone had any info on Brookfield's infra group in Toronto, more specifically anything around culture, hours and general investment process. If anyone has gone through interviews with them I'd also be interested to hear what the general recruiting structure is like (number of interviews, case studies, model tests, etc.). Anything would be greatly appreciated!
Tough culture. They grind hard.
I've heard that everyone works hard and puts in long hours but that's the extent of it. Is their infra team known for also being cut throat? Trying to get a pulse on the type of people at the firm.
Generally, as they are a Toronto firm, they have a lot of Canadians who’ve never left the country; This often leads to a close minded and insecure culture - not just for them, but also for anyone who’s not Altas/Onex (aka who has a name that’s actually strong). If you are from Latam, you will do fine. Otherwise, it would be good if you are Canadian (hint hint... the type that won’t get the question - but where are you really from). That being said, deal experience is good and you can exit after.
this is by far the most xenophobic stupid take ive seen on WSO in the last year and i was on the thread where someone existentially asked about the purpose of making money and why everyone in finance doesn't just donate to broad humanitarian causes
Both the US and Canada are multicultural, both have a fair share of immigrants. If anything there is probably more displacement within Canada at the C-suite level with people of color / sex, etc
I nterviewed with them in the past, you can PM me for more info.
Bumping this to the top - any insight is much appreciated
I hear all-in comp for an Associate 1 at Brookfield is 180-200K CAD. Unless you're Canadian would say it's generally not worth it, even without taking the exchange rate into account (if you do it, it's a very middling 138-155K USD after exchange rate, not sure how taxes work for a non-Canadian either but think Toronto taxes are pretty high). In the US that's less than most banks' 2nd year analyst comp all-in
Interesting, I heard comp was actually closer to $300K CAD all-in for ASO1.
My information is as of 2020 and comes from a Canadian headhunter specialized in bringing over US candidates; so either he's not informed or perhaps there may have been some inflation in your case. Personally I am partial to the range I'm anchored on, giving that the Canadian buy-side from what I've learned seems to be 95% LMMs and pension funds, and pension funds have capped pay. I am told that you earn more in banking than you do in PE in Canada @ the same seniority level, so frankly if Brookfield is paying $300K for an ASO1 that would not only be 75-100% more compared to its street infra competitors but also above its ASO1 banking counterparts, which I would find surprising
Any idea if this information is still accurate? (asking for a friend, of course...)
Super long hours. Total sweatshop. Was one of the first, if not THE first group all back in the office in TO. Overly beurocratic. I interviewed there and it was 7 rounds. I got to the finals and had to present to their IC and do a 2 week self prepared case study. It was nonsense. This was for a VP role on their infra deal team.
i take it you're not working there now or did not end up going through on the process? any insight as to their NYC office, mostly the same stemming from their Canadian/TO roots and culture?
I got another job (thankfully)..NYC is the same culture.
Thanks for the colour. That process sounds ridiculous. I had a chance to speak with folks who had first and second hand insight and can echo what you're saying. They've also been trying to fill an associate seat for awhile now - lots of folks are hesitant as you can get an equivalent, if not better, brand and pay in NYC.
EDIT: Also I did get clarity on comp... apparently they were paying low 200s as one poster above mentioned, but have since hiked to cash comp of 240 all in (120 base at 100% bonus target) and carry for an associate. Don't have any specifics on vesting period or bps, but if I were staying in Toronto I'd rather work for CPP/OTPP and forgo the carry at the expense of killing myself lol...
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