Hey all, I'm a Richard Ivey HBA grad hoping to get some information about the industry. First off, I don't really want to go to the States or into PE/to me there's too much risk and a lot of Canadians stay in IB.
I'm hoping to get a FT position at a Big 5 bank in Toronto and to stay there for my career. So can someone explain his career banking works? Is it generally more stable than PE and HF? Also I'm a bit worried about the "up or out" atmosphere I always hear about. Does this mean that if someones in a VP/Director position for too long they just lay him off? Also what happens to MDs, do they have like a limit to how long they can be there or a yearly quota or something?