Canadian Asset Management Recruiting

Hi All,

I am hoping to gain some info on asset management recruiting in Canada. This can either be the AM arms of the big banks such as BMO, Scotia, TD etc., or it can be more traditional asset managers such as Fidelity, Mawer, Burgundy, Turtle Creek etc.

Do they start FT recruitment of new graduates in the Fall of senior year? Or in Canada, do they usually start recruiting later?

If anyone has any specific info in regards to Calgary, that would be much appreciated. If not, general Canadian responses are fine.

Thanks!

 

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Hope that helps.

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AM recruiting in Canada is similar to the US with a few key differences. There are a few categories I would say:

  1. Pension Funds. These would be your CPPIB, BCi, OTPP, OMERS, etc. All or most of these have active management strategies including equity and some of these have spots out of undergrad although I would guess many are filled via intern conversion. They hire opportunistically as well as having rotational programs designed for people out of undergrad which would likely be posted in the fall before you graduate. This is probably the biggest opportunity in Canada that isn’t as significant in the US.

2) Large AMs. Like Fidelity, very few spots our of undergrad just like the US. Can get in as an experienced hire or out of UG but again spots are far and few in between. No idea when they post the UG spots.

3) Boutique AM. This would be like Mawer and the others you mentioned. Some of these post for UG in the fall, some at other times, and most look for experienced hires. In my experience hard to generalize but I would say keep looking consistently.

4) Bank AM. Seems like most of the big banks look for experienced hires although I could be wrong. Again check their websites and see.

AM is a small industry (from a headcount perspective) just like in the US so if you are looking to get in w no experience just network, be opportunistic, and be flexible about firm/location.

Hope this helps!

 

Thanks I really appreciate it!

Just for further reference, I am writing the CFA Level 1 exam this coming June. I also am currently doing an 8 month coop/internship term at a major utility as an Electricity market analyst. I don't know if this experience will be very useful, but I am hoping that with the CFA designation and some networking that I might be able to get in somewhere.

 

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