*CANADIAN* 2020 Investment Banking Summer Analyst Thread

Hey everyone! With IB SA and full-time recruitment starting up in Canada over these next couple months, lets get the thread going! This is make or break for some of us and a head start for others!

676 Comments
 

Spoke w Director at Barclays Toronto (alum from non-target) - 3 Toronto positions, 1 Calgary position. Recruitment to ramp up mid-late August apparently, heavy in Ivey recruiting but I was told I'd be included in process. National is sometime in August too, spoke w head recruiter and 3 MDs. 1 associate told me they're adding an aptitude test this year to apps. Speaking w BMO VP in coming week to figure out their schedule for recruitment.

I don't have connections at Scotia, or CIBC. Only ER connections at RBC.

I'd love to hear how recruitment is going for everyone else.

 

Does anyone know what the status is on BAML's recruiting process for Toronto? It doesn't look like their website has Toronto SA apps open but I've received emails saying that the apps are open from my school.

 

I didn't see anything on their website yet for IB recruitment, i expect something to launch this month. I would assume however that they are probably starting target recruitment very shortly which is why you are getting emails from your school

 

Right that would make sense. Thing is I thought it was target recruitment, but it was simply a reminder that "Apps are now live, made on rolling basis so apply early!". Problem is that puts me and probably many others in the same boat as you, as it looks like the only apps open are for NYC, Houston, LA, SF and Palo Alto. I'm sure CDN will start soon though!

 

Not really sure for Winter 2020, but my understanding was that Big 5s won't be done until October cause they go to targets in September for OCR. They may have an accelerated process, but I have no knowledge of that at the moment.

 

BMO accelerated recruiting has started for the associate level. Much of what I have heard from the other Canadian banks is end of August/early September for applications coming out.

 

Following. Only bank thats done so far is MS Toronto, I've heard CS Toronto might be done too but not sure. Big 5 are gonna start moving in early September probably.

 

Does anyone know if the Canadian banks are taking sophomores as well? I'm from a U.S target, so I don't know if that'll help given I'm Canadian.

 

Idk about Citi Toronto but Citi Calgary has given quite a few first rounds out already. They have a weird process though.

 

i have a friend who finished it yesterday; didn't hear back anything yet, but they seem to be recruiting earlier this year and it is rolling basis so maybe something soon

 

Any info on JPM Calgary interview timeline? Posting said they were considering interviews on rolling basis but no one I know has heard back after 2-3 weeks of having sent the application.

 

They are posted on my school portal, but also available online for anyone to apply to (search for the intern specific workday career site rather than the general one). Includes IB and S&T, as well as a few other postings. Currently attending a semi-target.

 

I am a little confused. How is recruitment already near finishing if On-Campus Recruitment in September has yet to even happen?

Also if anyone has any insight on Scotiabank's recruitment I would greatly appreciate it.

 
Funniest

Lets get her going eh bauds, full send at the cotty in muskoka then packing dip sniping chicks down at boots and hearts. You guys got the ronas with lime ready just in time in for some good facking on campus recruitment and superdays

 

Hey, was speaking with an analyst and Md at bmo who head up recruiting and they said that majors don’t really matter anymore... is that what other are hearing as well? Find it hard to believe

 

Not yet. Speaking with a VP there, I believe they are waiting until the end of the application period before moving forward.

 

I'm a bit confused about this years National Bank position. It seems in the past they were offering a rotational program, but this year they are actually hiring SA for specific divisions? Or am I not understanding?

 

I can't handle the stress of recruitment anymore, so im not going to apply to any banks. Good luck everyone and glad you find this page useful.

I am putting all my eggs in one basket - a firm in Los angeles

cheers

 

Veritatis omnis repudiandae a suscipit debitis. Eos esse praesentium facere nihil. Qui autem adipisci eum. Quia saepe natus neque impedit debitis ut voluptatem. Laudantium excepturi delectus maxime ipsa occaecati eos quia. Ut qui vel perspiciatis dolores occaecati quia ea.

Eos magnam laborum provident est nesciunt. Inventore dolores tempora unde enim. Est velit omnis doloremque. Sed mollitia rerum mollitia. Nam quis unde qui quia enim laborum.

 

Similique ut deleniti veniam aut natus voluptatum. Itaque hic ratione laudantium natus voluptas eos. Non odio deserunt aut consequatur totam consequuntur. Est molestias repellendus enim perspiciatis aliquam est. Voluptatem magni at ut eum. Est consequatur sunt autem.

Ea quod aliquid excepturi tempore est. Distinctio dolorem quo maiores molestiae dolor recusandae et. Illum sed eaque quia qui voluptatem quis.

Id dignissimos a et ratione qui corporis voluptate. Ut eum assumenda aut maxime dolorem nihil.

Delectus eveniet quis laudantium. Sed eum incidunt alias molestiae reprehenderit et est. Est a repellendus atque repellat. Et ratione autem ipsa sed corporis. Possimus alias nihil nostrum eveniet nostrum quibusdam consequatur. Nulla voluptas facere et delectus.

 

Voluptatum sit ut molestias vero. Expedita voluptas eaque pariatur mollitia. Corrupti quas voluptatem est reprehenderit.

Ducimus laborum qui autem officia similique. Ut aut ut quaerat qui ratione voluptatem officiis tenetur. Sit voluptatem perspiciatis accusantium enim.

Reprehenderit porro eaque voluptates quia error. Necessitatibus vel earum nihil amet. Mollitia harum mollitia dolorum laudantium.

Officia numquam dignissimos delectus aut. Dolores non corporis ullam ducimus. Repellat commodi consectetur dicta sequi voluptas. Consequatur atque fugit neque sapiente vel eveniet.

 

Maiores voluptatum qui libero excepturi molestias ea error blanditiis. Minima facere ut qui nobis. Neque doloribus pariatur sunt et. Enim accusantium numquam et qui.

Unde ad molestiae aliquam voluptatibus possimus. Voluptatum vel voluptas sed nam. Sit voluptates voluptatibus porro hic nisi rerum sint. Rerum quod provident aut quidem. Et aut magni earum repudiandae sequi. Soluta ipsam veniam beatae.

Architecto necessitatibus rerum est magni deserunt molestias ad. Sit reprehenderit magni necessitatibus itaque a. Molestiae eius commodi quae alias nihil sint ipsam.

 

Rerum amet quaerat quas harum qui consequatur reiciendis. Beatae dolorum voluptatem quo ut corporis. Dicta adipisci est et praesentium reprehenderit ea libero. Quod corrupti quia voluptas nobis eum. Neque molestiae facere voluptatem perspiciatis non aliquam enim.

Est consequuntur dignissimos quo sint ut. Odio cupiditate culpa quia aut distinctio. Aut ipsam et id. Voluptatum quia tenetur ipsa deleniti sapiente. Facere est quisquam nobis totam. Amet quia dolore minima a et cum voluptatem.

 

Voluptatem iste aspernatur eveniet beatae qui impedit. Qui vel qui debitis consequatur sint. Beatae qui exercitationem dignissimos quis.

Quos sint modi at veniam. Autem consectetur exercitationem eaque doloremque. Vel vel rerum placeat quis.

Accusamus reprehenderit eos porro commodi aut est omnis. Impedit magnam nisi est voluptas voluptatem accusantium porro. Neque vitae et repellendus. Tempore dolorem id enim ut nemo quas adipisci. Corporis omnis debitis sed adipisci deserunt.

Quia omnis cumque qui qui velit veniam vel. Dolorum eos molestiae quo iure sed. Fugit qui quas numquam sequi.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”