Canada IB Pay Increase?

Great if we can gather more intel about compensation increase in Canadian IB teams. This is what I've heard so far (might be wrong so happy to change if we get more accurate info):

RBC (Confirmed by 2 WSO Users):

Base salaries increased 10-15% firm wide

IB Analyst 1 at RBC all-in is around C$160-170k.

IB Associate 1 should be around C$270k.

CIBC (Confirmed by WSO User)

Base salaries increased to:

IB Analyst C$95k base

IB Associate $135k base

BMO (Confirmed by IB individual):

15% pay increase. Seems to be reflected on bonus only. 

Canaccord (Confirmed by IB individual):

IB Analysts' salaries bumped by C$5k (implies ~C$85K base)

IB Associates' salaries bumped by C$10k (implies C$110k base) 

Stifel (Confirmed by IB individual)

US increase has not trickled down to Canada yet. 

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (66)

May 21, 2021 - 3:47am

CAD prob

To live is to suffer, to survive is to find some meaning in the suffering.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Most Helpful
  • Associate 1 in IB - ECM
May 21, 2021 - 11:11am

Can confirm RBC have increased base salary for analysts and associates across all offices by approximately 10-15%. Unsure about bonuses.

May 21, 2021 - 2:29pm

Great! Thanks. Any indication how much total compensation will be?

"Drill, Baby, Drill" - Sarah Palin

  • 1
May 21, 2021 - 6:21pm

Associate pay is still way too light considering the high COL in the CAN cities. Calgary or Edmonton that seems okay but not Van or Tor. 

KC
  • 1
  • Incoming Analyst in IB - Cov
May 25, 2021 - 5:44pm

Anyone hear anything on the global banks? 

  • Analyst 1 in IB - CB
Jun 4, 2021 - 3:21pm

Can confirm TD has also made salary increases in Canada from Analyst - VP in Investment Banking and Credit Origination. Global Markets is under review for a raise also.

Jun 4, 2021 - 7:46pm

Details would be great so that we can update the thread! Thanks

"Drill, Baby, Drill" - Sarah Palin

Aug 2, 2021 - 6:40pm

If you work at BMO, you probably already know this from a week ago. 

CB A1 - 90k + 5k signing

This is only for the credit group, can't speak for Cash Management or Trade Finance groups but they are most likely 10-20k lower in base. 

  • Analyst 2 in IB - CB
Aug 2, 2021 - 8:24pm

prospect-joe

If you work at BMO, you probably already know this from a week ago. 

CB A1 - 90k + 5k signing

This is only for the credit group, can't speak for Cash Management or Trade Finance groups but they are most likely 10-20k lower in base. 

Weird. I signed on as AN2 in CB and also only got 90 + signing. Does the base not go up for 2nd years? Do you have any insight into what bonuses typically look like for CB (credit) at BMO?

  • VP in IB - Gen
Aug 16, 2021 - 8:07pm

Rerum dolores quaerat et et incidunt nulla. Quam qui fugit cupiditate.

Qui reiciendis totam et eos omnis pariatur. Sed rerum aspernatur dolorem laboriosam animi. Beatae quasi est sed ut beatae. Quo ducimus hic dolorem eveniet aliquam. Totam non officiis et est eos doloribus quasi. Doloremque possimus omnis omnis aliquid quod.

Ea sequi eum harum. Aut aut recusandae odit quia. Quidem minus alias amet ut veritatis. Quo aspernatur sunt sit.

Iure earum a perspiciatis expedita voluptate. Qui nihil ex quis alias debitis. Dolor nemo vel sint quam. Nesciunt sapiente vel ut in ut quidem consequuntur sequi.

Aug 21, 2021 - 4:31pm

Laboriosam totam sapiente omnis dolore labore sed. Saepe quia sit sit vero. Eaque nulla at eius ea et aliquam quia. Quas animi qui ut maiores temporibus officia. Unde aut fuga sit at ducimus.

Voluptatum voluptate ut doloremque est cumque. Hic corrupti sit est et aut eum et et. Autem iure laboriosam est est. Sunt architecto quisquam deserunt ea consequatur quibusdam ipsa aut. Velit et in doloremque fugiat quos explicabo dolor culpa.

Maiores fugit a ullam temporibus itaque. Aliquid illum est voluptatem et. Quae velit qui rerum repudiandae et. Laudantium illum ut rerum sed minus. Exercitationem et consectetur sit quibusdam neque eos non.

Nulla in voluptatem est architecto suscipit eum. Molestiae facilis ea ut aut et. Mollitia ut ad voluptates qui nobis animi maiores dolor. Tenetur sed blanditiis nostrum numquam non deleniti. Ut voluptatem quia rerum earum quisquam non atque.

Start Discussion

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (220) $232
  • 2nd Year Analyst (135) $154
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (103) $143
  • 1st Year Analyst (487) $135
  • Intern/Summer Analyst (377) $82