Buy-Side Comp Canada

JT.Marlin's picture
JT.Marlin - Certified Professional
Rank: Baboon | banana points 139

Hi guys,

Hoping to discuss buy-side comp in Canada, would be curious to hear everyone's opinions/personal experience.

I spent a few years in retail banking prior to starting as a first year analyst at a boutique firm. My base was 75k + bonus with no set % target.

Since, I have shifted (was laid off, packaged out) to one of Canada's bigger money managers (think large, publicly traded money managers, big 5 bank money managers). My base is now 65k with a target bonus of 10%, I feel this is quite low and wanted to hear what others think. Full disclosure- I do not have my full CFA and have less than 1 year of formal buy-side research experience.

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Comments (5)

Dec 5, 2017

bump..from what i hear it sucks in canada

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Dec 5, 2017

True

Dec 5, 2017

Are you in equity research or sales?

Best Response
Dec 5, 2017

Base is in-line but bonus is definitely low. I've never seen firms with that kind of scale pay bonus that low tbh (someone please confirm this as well).

I'm at a small firm in Montreal (<$1bn) with about 1-2 years of experience and my base is way lower than yours. This is a cold reality check. Things are much much worse at a smaller shop. Consider yourself lucky for landing a gig at a big fund in Toronto.

From what I've gathered, the Toronto/Montreal consensus seems to be "you're lucky to have a seat". This makes it very difficult to negotiate salary or bonus since they see you as a commodity/easily replaceable.

If I were you, I'd take the job and work your ass off. Hopefully, they'll recognize the hustle and pay you more.

    • 2
Dec 8, 2017