Can we talk Canadian Comp?

Feelin underpaid compared to figures i see in the states so i thought we'd see where we're at north of the wall

Market: Toronto

Type of shop: Non-bank lender

Experience: 2.5 in real estate/2 in financial services

Role: Senior CRE Operations Analyst (Funding/Servicing)


Firm Size: $36B MUA (just on commercial side)

Salary: $57k

Bonus: 5%

Hours: 50-60

Designations/Post undergraduate programs: N/A (Please comment if you have CFA/AACI, have done the PGCV/DULE program, or anything else applicable)

 

You are correct - we certainly are underpaid in Canada considering how high the cost of living is in both Toronto and Vancouver. The house/condo prices in both these cities has significantly increased over the years.

IB
 

Market: Toronto

Type of shop: REPE

Experience: 2 in real estate (investment analyst for a mm developer)

Role: Senior Private Equity Analyst

Firm Size: ~$700M AUM

Salary: $95k

Bonus: 20 - 40%

Hours: 50

 

Market: Vancouver

Type of shop: Institutional Developer

Experience: 0.5 YOE (Recent Grad)

Role: Analyst

Firm Size: $40B AUM

Salary: $70k

Bonus: 20%

Hours: 50-60

Designations/Post undergraduate programs: Passed CFA Level 1 Exam, pursuing remaining levels

 

Job market in Toronto for investment/asset management roles is the hottest it has ever been (at least in my career and many others I've spoken with). Have friends/acquaintances  with2 to 3 years exp interviewing for associate roles getting quoted $110 to $150K base plus min 20+ bonus. These aren't even what might be considered top shops. It's unreal.

 

Interested in the shops you were talking about, $110-150 with 20%+ sounds insane. Please PM if you don't feel like posting here.

 

Would love to know comp at Brookfield (with associated position) if anyone has any info

 

Sure, I'll give some names: Fengate, Harbour, Osmington, Woodbridge, Avison, CPP, Greybrook, Tricon. Slate/Brookfield will definitely be more $200K all in min. 

 

Are you saying $200k for all of those places or just Slate and Brookfield? Also at what position, Associate?

 

I am real estate investor looking to raise capital in the form of equity in a growing portfolio. We are offering finders fee on $1.5 million capital raising on deal close. Let me know if you can help.

 

Market: Vancouver

Type of shop: Lender

Experience: 6 in real estate

Role: Senior Underwriter

Firm Size: Non Big 5 Bank (National Bank, EQ Bank etc)

Salary: $95k

Bonus: 10%

Hours: <40 (especially with WFH and that well-known work/life balance in commercial banking)

Designations/Post undergraduate programs: CFA, and a few others 

I'm thinking about moving to Toronto, what would be an appropriate increase in pay for someone like me to move?

 

Just some other data points:

I recently received offers for development manager/associate level positions at kingsett/capreit/starlight/boardwalk-esque firms.

General range for these offers came in at 100k-125k base + 10-25% bonus. Will most likely turn down as there is no step-up in comp, title, or responsibilities from my current role.

 

Market: Toronto

Type of shop: Institutional Investor

Experience: New Grad

Role: Investment Analyst

Firm Size: $10B+

Salary: $100k

Bonus: 10-20%

Hours: 55-65

 

I believe Canada and virtually all European countries are underpaid compared to the USA. I assume this is due to the nature of their high tax, high welfare economies. That comes at a cost for high finance when the companies can’t afford to pay higher salaries. That’s why finance como is higher in the usa, Hong Kong, Singapore etc because they have lower taxes. 

 

Market: Toronto

Firm: non big 5 bank

YOE: 1

Role: commercial banking analyst

Salary: 85K

Bonus: 10%

Hours: 50

Any possibility for a profile like this to transition to any buyside role in the future? Or are there even any exits?

 

Hoping to reheat this thread. Interviewing for an Associate role in REPE (think Fengate, Harbour, Osmington, Avison, Greybrook, Tricon). Have been told the all in comp ranges from $100k-130k CAD. Hours presumably averaging 50-60 / week, with minimal travel (5-10%). How does this stack up to the industry as a whole in Toronto? Have legitimately no baseline outside of the other entries on this post. Any insight appreciated.

 
Most Helpful

Thought I'd share some important info with everyone here - look up the HighView Partners 2024 compensation guide for current benchmarks on Toronto and Vancouver compensation.

For the lazy, I'll summarize Investments compensation below for the Toronto area. These figures do not capture carry or co-invest, and I can attest that the bonus figures are pretty representative of average but there are outliers even at the analyst level that can scale to 40-50%, but these are the exceptions.

- Analyst: $75-95k base, 5-10% bonus

- Senior Analyst: $95-125k base, 10-15% bonus

- Associate/Manager: $140-170k base, 10-25% bonus

- Director: $175-220k, 20-35% bonus

- VP: $220-280k, 30-50% bonus

At Director/VP level carry definitely becomes more prominent.

 

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