Canada SA S&T

MoOXF's picture
Rank: Senior Monkey | 72

In years past there's been dedicated threads to everyones progress through the SA S&T cycle in Canada. Since I haven't seen anything I figured I'd make a thread and people can chip in their status, things interviewers told them regarding deadlines, etc.

Canadian banks with S&T:

CIBC (applied, interview on 12th of January)
RBC (applied, interview on 12th of January)
Scotiabank (applied, interview on 9th of January)
National Bank (applied, interview on 12th of January)
TD (didn't apply as fudged deadline, unfortunately)
Bank of Montreal (didn't apply)

OTHERS (management consulting):

Accenture (first round Thursday the 15th)
Bain and Co (was told by friend invites are going out, not sure for what area/job)

Feel free to share anything relevant to the Canada specific S&T SA cycle.

Comments (85)

Jan 11, 2015

Are those first round on campus interviews?

I applied to all and haven't heard back from any.....

Jan 11, 2015

All first round, yes. Since I'm in Montreal all the interviews - although the positions are all for the Toronto office - happen in their respective Montreal offices not on campus. Then if you're selected for second round they fly you to Toronto.

For Scotia I believe there were 9 candidates (since there were 9 30-min interview slots) and I believe only one is going to Toronto. For the rest it seems like between 7-10 candidates are interviewing. Not sure how many would be going to Toronto for each, but I'd imagine only one or two.

Jan 11, 2015

By the way, you applied for a summer analyst position for TD S&T? I didn't have one on my OCR and online I only saw an associate level opening.

Jan 11, 2015

The online TD one was partially hidden, you had to search for the job on their careers website. I guess they forgot to post it on the actual TD Securities page.

Jan 11, 2015

Do you happen to know the deadline? I assume it was last week, but if not I'd throw out a quick application there too since they were only recruiting IB here this year I guess.

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Jan 12, 2015

I applied to BMO. Interview on the 13th.

Jan 12, 2015
Legendary:

I applied to BMO. Interview on the 13th.

Why didn't you apply to the others?

Jan 12, 2015

I originally wasn't going to apply for S&T but saw a posting for a non-rotational with an interesting product group.

Jan 12, 2015

Anyone know rough numbers for the amount of applicants, first round interviews, and then second round?

Jan 12, 2015

HR let me choose from 9 time slots. Hopefully your interviews went well.

Jan 12, 2015
Legendary:

HR let me choose from 9 time slots. Hopefully your interviews went well.

Thanks, man. All went really well (hopefully the feeling was mutual).

Jan 12, 2015

How'd they go? I have interviews with Scotia and CIBC later today - on the west coast. Do you have any tips?

Jan 12, 2015
ubyssey:

How'd they go? I have interviews with Scotia and CIBC>

Hopefully you haven't them yet. Scota and CIBC were both completely qualitative. You could have had no idea what trading was and it wouldn't have mattered. I basically spent 10 minutes running through my resume, 10 minutes fielding questions, and then 10-15 minutes on just general back-and-forth. Scotia did ask for 3 market events that occurred in 2014 and when you had to deal with a team and defer to someone else. Scotia said all the interviews were done in the same manner (same questions, same amount of time each, etc.) while there wasn't a structure at all to CIBC it appeared. Best of luck.

Jan 13, 2015

Interesting. My interview with BMO was almost completely technical / quantitative. It was quite challenging. No market-based questions.

Jan 12, 2015

Haven't hear back from BMO and Scotia for 1st rounds as of Jan 12. Does that mean my chances are gone at these places?

Jan 12, 2015
fixedincomekid:

Haven't hear back from BMO and Scotia for 1st rounds as of Jan 12. Does that mean my chances are gone at these places?

Might depend on your location. With that said, I was under the impression Scotia interviews all occurred last Friday and that mid-week final decisions would be made for who to send to Toronto (I imagine this is the same for all regions outside Toronto). BMO interviews are tomorrow around here I believe so perhaps you might have more of a shot there still. I didn't apply to BMO, but the National guys told me they were doing interviews all week so if the same holds true for BMO you might get a call within a few days for an interview late in the week.

Jan 12, 2015

As someone in an Ontario school I still haven't heard anything - haven't really heard from anyone else about interviews either.

Jan 13, 2015

What sort of technicals ?

Jan 13, 2015

Anyone heard back from BAML and UBS toronto?

Jan 13, 2015

Did anyone hear back from National Bank ever since the first round interview?

Jan 13, 2015

You're right, CIBC was relatively unstructured and more of a conversation based off my resume. Scotia was alright, one market question. Have you heard back yet? I heard back this morning for CIBC second rounds, nothing from Scotia yet but I'll give it until the end of today.

Jan 13, 2015

Scotia said they wouldn't be doing call backs either way until tomorrow (interviewed Friday) and CIBC said tomorrow as well as they had to put a few people into time slots today instead of all yesterday. Heard back from RBC same day as they did all interviews yesterday. National was interviewing people all week they said so anticipate no calls until late this week.

Jan 13, 2015

Thanks man! So I wouldn't be expecting National Bank's second round to happen this week? Please keep me updated buddy.

Jan 13, 2015

Just to confirm, you are both interviewing outside of Toronto right now?

I guess if second round for you (first round for ontario students) its Friday, people in ontario will probably hear over the next few days for "first rounds"

Jan 13, 2015

I'm at London, Ontario. Interviews happened on Monday.

Jan 13, 2015

I guess we're both at Western. What bank? Did you interview?

Jan 13, 2015

Outside TO, yes. I'm sure timelines are a bit different depending on location.

Jan 13, 2015

Yes to outside TO as well, I'm on the west coast but may be interviewing for a position in Toronto since they asked if I am mobile. MathOXF, please update as well! Very helpful to know the timelines for each bank.

Jan 13, 2015

Yes to outside TO as well, I'm on the west coast but may be interviewing for a position in Toronto since they asked if I am mobile. MathOXF, please update as well! Very helpful to know the timelines for each bank.

Jan 13, 2015

RBC final round in Toronto on Thursday. 14 people, 8 or so positions.

Regarding National Bank, while I was waiting they were doing ib interviews as well so hard to say how the timelines between IB and S&T coincide. Also worth noting most of the interviewers were greeting interviewees in French, so they may have been only interviewing for Montreal, not Toronto, at the time.

For those of you a bit more knowledgable on timelines in the past, do rejections and acceptances get relayed to candidates on the same day? Or are those moving to the next round told on one day, and then a few days later those rejected are told they aren't moving on? Just curious as figured I may hear back (either way) from CIBC tonight, but haven't heard.

Also, for anyone else that applied for a few management consulting internships as well to see if they'd get any bites I was invited for first round interviews with Accenture in a few days.

Jan 14, 2015

From past experience with IB those getting offers were notified the night of the final rounds. Rejections were usually delayed a few days depending on how quickly th top picks took or rejected their offers

Jan 14, 2015

Heard from Scotia this morning - didn't advance to second round unfortunately. CIBC 2nds were today as well. Very straightforward, fewer market questions than I anticipated and 0 technicals/brainteasers/mental math. They said they would notify people in 3 days.

Jan 14, 2015

Maybe they are running on a different timeline or are behind this year then, at that rate doesn't seem like CIBC final rounds will be until next week.

For CIBC/RBC/Cannacord last year (IB at least) the entire process was in the second week of January (this week last year). First round was tuesday, second / final round and reception was on thursday. I know at the reception there were S&T and IB kids.... so the overall turnaround time was very fast

Jan 14, 2015

At least TD 2nd round is also Thursday along with RBC. I would expect all banks to be similar. Anyhow, please keep posted when news come out.

Jan 14, 2015

Sorry To hear about Scotia. Is that CIBC position for Toronto so they'd fly you out or on the west coast? Still haven't heard yet either way from CIBC so I figure must have been dinged.

Jan 14, 2015

Double post

Jan 14, 2015

Double post

Jan 14, 2015

Heard National Bank 2nd round is out too in this school. Do they come out all at once?

Jan 14, 2015

Unknown you are talking IBD correct? Math and I are talking S&T

Jan 14, 2015

I don't think it matters, assuming it's the same program and they assign you to different groups.

Jan 14, 2015

I think you might be confused... Investment banking recruiting is independent from S&T at the banks.

Jan 15, 2015

Math the position is on the west coast so the timelines may be different. Likely more people interviewing in the east. I wouldn't write off CIBC just yet.

Jan 15, 2015

Has anyone heard anything about dates for S&T Interviews in Toronto?

I haven't heard anything and I'm a bit surprised...

Jan 16, 2015

RBC finals were on Thursday for Toronto. Scotia were on Wed and Thurs. CIBC and BAML on Friday. Think TD was on Thursday as well (didn't apply). Still no idea about National's timeline.

Jan 16, 2015

lol no one trades canada. Apply to US S&T

Jan 18, 2015

Has anyone heard back from CIBC yet?

Jan 24, 2015

This is probably late. But CIBC made offers on Jan 16

Jan 24, 2015
bananamonkey14:

This is probably late. But CIBC made offers on Jan 16

Yeah, it looks like pretty much all of the groups from the big banks should have all offers out by the end of the month.

Jan 18, 2015

People who got offers heard back.

Jan 19, 2015

Do you know if the same is true for Ibd?

Jan 20, 2015

Yea all capital markets recruiting is done at the banks. Only way they might give out another off is if someone renegs i think.

Jan 24, 2015

I have an interview for an S&T based (ETF) SA position. Any tips on what to expect?

Jan 22, 2015

When did you hear back on National?

Jan 22, 2015

Just this morning.

Jan 24, 2015

Oh, are you referring to a first round interview or final round?

Feb 14, 2015

Heard from a buddy RBC hired just under 20 SA's nationally, the most they've had since 2007.

Feb 14, 2015

Heard from a buddy RBC hired just under 20 SA's nationally, the most they've had since 2007.

Feb 17, 2015

wouldn't be surprised. I've heard stories along the line. However I am also under the impression that they are hiring more interns than there are FT spots; not sure if this is true for this year's SA class

Feb 16, 2015

Does anyone know what sub-divisions/teams they will be working at during the summer yet?

Feb 17, 2015

not personally.. but I heard desk assignment for RBC has come out

Feb 17, 2015

You got your desk when you got your offer at RBC a month ago. No rotation.

Apr 3, 2015

Just want to bump this thread a bit. So who here will be working in Toronto S&T this summer?

Apr 3, 2015

Define CAD BB please.

Apr 3, 2015

The most sought-after firms for grads of "canadian ivies." :)

Apr 3, 2015

I'm working DCM at a bank-owned dealer, so I'll be on the floor.

Apr 3, 2015

good stuff... congrats on the offer.
hmmm...not a lot of Canadian summer interns here I guess!

Apr 3, 2015

Correction: Most sought-after firms for grads of "canadian ivies" are regular BB's.

Apr 3, 2015

The Canadian banks took only 5-8 summer interns each so I'm not surprised that there aren't too many on IBO.

Apr 3, 2015

Really? How many would they take in a normal year then?

Considering RBC has like 80,000+ employees that number seems low.

Apr 3, 2015

Not totally sure about RBC, but I spoke with people at Scotia, CIBC and TD and they all gave me that range.

Apr 3, 2015

And keep in mind this is only sales & trading. I'm assuming most of those 80,000 employees are involved in their retail banking business.

Apr 3, 2015

There are a few at RBC and Scotia.

Apr 3, 2015

Scotia didn't take any interns this year. You may be referring to Scotia Mocatta, which is the precious metals arm.

Apr 3, 2015

Scotia definitely has S&T SAs this year, although numbers are supposedly less than half of last year's summer class

Apr 3, 2015
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Apr 3, 2015