Looks like Canadian banks have announced their bonuses to their staffs. Let's start a thread on this?
I will go first:
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Big 5 Canadian
1st year ANL
Corporate Banking
New York, NY
Bonus: $20,000
Stub?
delete
Big 5 Canadian
1st year Associate (lowest rank, basically trainee)
Commercial Banking
Toronto, ON
Bonus: $6,500 CAD
Base: $65,000 CAD
Is the associate title in commercial banking the most junior role? Like are you making 65k straight out of undergrad?
Yes
Big 6 Canadian
1st Year Analyst
Investment Banking
Toronto
Stub Bonus: $18,000
Big 6? So you must work at National Bank
Apologies - Big 5, I guess Scotia just hasn't been keeping up ;)
Big 5 Canadian
1st Year Analyst
Corporate Banking
New York, NY
Bonus: $19,000
Stub or Fy?
FY. Was really disappointed with this bonus as it was also my first full year bonus.
Bump
Base is 90 as an Analyst.
what’s ur base?
Big 5
Third year AS to VP promote.
$120k base, $230k bonus, top bucket.
What's your new base? Are you based in the US or Canada?
You mind disclosing which bank & geo?
Ah good point - based in Canada (hence the lower base, higher bonus). New base will be 150k. Also know a mid bucket VP 1 this year had $150k base and just under $250k bonus.
Since you're quite senior and based in Canada, I was wondering if I could ask you a quick question - how does comp for ECM/DCM bankers differ in Toronto compared to M&A?
Same base, 15-20% discount on bonus. M&A pays same as coverage, btw, until the MD level where they generally make more in coverage.
Bump
Hearing rumours that RBC is sending analysts and associates custom made Canadian tuxedos along with their bonuses this year.
Keep me honest guys
If those juniors didn't already have several all denim ensembles ready to go at a moments notice, I'm not sure how they even got hired in the first place.
International bank corporate banking
Toronto
Junior VP
Base 135k, bonus 100k, in cad.
Happy that I bought 2 houses in early 2020 both of which are up in value by 30+%, and 20+ video cards for mining.
Hold up. 130k bonus in IBD as an analyst in Canada?
Yes - top bucket and busy group
Are you guys hiring? lol
Bump
Interested in London bonuses!
Start a separate thread?
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