Canadian (Toronto) IBD (Big 5 & BB) FT placements 2010

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I am wondering how many the Canadian banks (toronto) hired this year. Please post any relevant figures that might be available at this time. Has hiring improved/decreased from last year? What is your hiring outlook for SA 2011?

Also, stats on toronto BB offices are also greatly appreciated

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Comments (14)

 
Sep 26, 2010 - 3:53pm

RBC Capital Markets was looking to hire 75 analysts (IB+S&T) but I am not sure if it was overall recruitment or just Canadian recruitment. My guess is that it is overall recruitment (Canada + NY + L ondon).

I also heard Canadian recruitment for '09 was extremely low.

Finally, I have a friend, who is well connected, top 3 canadian university (math major) did 2 years worth of trading internships in HK and Canada (BBs) and still has an internship position in trading at a top Canadian bank. Goes to show how hard it to break in.

 
Sep 26, 2010 - 4:30pm

There are different definitions for "top 3".

Generally accepted definition on online communities (for top finance placements):
1. Ivey HBA
2. Queen's Commerce
3. McGill

General top 3 (not considering finance placements, just overall reputation -- an irrelevant metric imo):
U of T / McGill are both considered the "best" in Canada
UW for engineering/math

 
Oct 28, 2010 - 2:42pm

Hiring has improved from last year, but it's definitely still competitive. I can't comment for all firms, but I can gauge roughly how many they took for FT (for Toronto IBD)

CS took 3 from FT
GS none hired during FT (2 SA signed back)
MS none hired during FT, (1 SA signed back)
BAML, was looking for 1 FT
UBS was looking for ~2 FT
Barcap: looking for 1 i think

Scotia ~4-6
BMO ~10-12
RBC ~10-15
NBF ~2-4
TD prob around 8-10
CIBC ~6-8

 
Oct 29, 2010 - 10:40am

TML Forever, that's one of the first non-bullshit posts I've seen on these CDN bank topics.

Your numbers are damn solid..I can echo most of those BB numbers and a few CDN bank numbers.

Barcap signed back an SA and signed on one new FT
TD took 10-12
RBC 10-15

Don't know about Genuity but I'd say you're close in the 5 range.

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