Canada S&T: SAs, Comps, Hiring trends and Exit opps.

Hey, Monkeys!!
In as much as I enjoy reading posts about S&T in other countries, I'm very interested in hearing from my fellow Canada bros.

  1. Tell me about your recruiting experiences, Summer experiences, Rotational programs and even shed some light on the compensation structure in Canada.
  2. Industry trends and any changes within the Canadian S&T
  3. Which trading desks are most the prestigious, hard to disrupt (automate) and provide the highest learning opportunities.

    Lets go!

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Comments (3)

Most Helpful
  • Intern in IB - Cov
Sep 9, 2019 - 10:40am

As for RBC Capital Markets
1. I was interning on the Toronto trading floor, compensation is on par (higher bonus for DCM/private side due to good league table position and depends on performance for S&T). Full time recruiting is almost only through summer GMP (global market program) at analyst and fresh associate level. Panel interviews with a case study are done at the end of the summer for most the summer GMPs. Out of 18 candidates, I think 10-12 received offer and decision was mostly based on overall performance during the summer and not only the panel interview.
Selected GMPs start the next year in September (training in August) and rotate between:
- S&T
- Equity Research
- DCM
Usually its 3x4months rotation but some people do more/less depending on candidate/fit with the team and OF COURSE, staffing needs

  1. FICC desks (especially rates and credit) seem to have more prestige. Equity desks are shrinking and work is less challenging with Sales and trading being more combined vs. fixed income where Sales and traders have a very distinct role.

  2. Rates and Credit trading seem to be fare more prestigious at RBC and in Canada in general

Sep 9, 2019 - 10:44am

Solid input ! Sb'd
What's the comps range ..interns, FT 1st year...

"Be persistent and you will get, be consistent and you will keep it, be grateful and you will get more" #phuckQuotes
  • Intern in IB - Cov
Sep 9, 2019 - 11:21am

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September 2021 Investment Banking

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