Trending Content - Investment Banking Forum
| +239 | Investment Banks Ranked By Your Divorced Blue Collared Uncle | 19 | 4h |
| +162 | Think Twice before Recruiting for HOUSTON IB!! | 65 | 3d |
| +146 | UBS Exits 2026 | 39 | 1d |
| +69 | Congrats on the ROs. I Still Don’t Know Which One You Were | 8 | 1d |
| +54 | Work life balance = highly overrated | 21 | 5m |
| +40 | Did not get a return offer due to headcount, but happy to move on. | 8 | 1d |
| +39 | IB RO Discussion | 8 | 16h |
| +29 | Getting a BB job just for brand name? | 5 | 1d |
| +29 | Lied about bonus to future employer | 17 | 1d |
| +28 | Early VP promo timeline | 16 | 1h |
Career Resources
BMO > Scotia > CIBC = RBC = TD based on what I see in terms of allocations on the Corp Banking Side. Scotia also losing a lot of share to BMO based on deal economics as of late.
What do you mean by Scotia is losing share to BMO based on deal economics? (sorry if that's a dumb question)
Banks win mining deals by leveraging their large balance sheets (customer cash deposits) to make large loans at cheap costs of debt to mining company borrowers. Typically, the banks syndicate the loan to any single borrower (split the loan among the banks to de-risk) and not all are equally in the syndicate. The leader (agent) typically has highest exposure, and implicitly they in return expect to get favourable “deal economics” aka fees on ancillary business like m&a, dcm/ecm lead roles where they get a higher share of fees, because they stuck their neck out on the loan and lead it. Unfortunately for scotia, despite them sticking their necks out for their mining clients on loans, they still lose lead roles in ecm/dcm/m&a to BMO because BMO is better lol.
---
Have heard this too. Friend working at Scotia said that everyone from VP and up was poached by National Bank and several juniors also quit after bonus. Anyone know what happened?
---
Bump
Bump
How do the BB firms do in the mining sector in Toronto? Such as CS or MS?
Wanted to comment and see if anyone has any more information?!
I would say Scotiabank and CIBC are really strong in the space with RBC being the weakest out of the Big 5
Error ut officiis est iste maiores animi. Porro similique incidunt quas. Et dignissimos sed doloribus laboriosam magni aspernatur sapiente. Eius tempore autem ut cum. Dolorum ipsam dolorem ut minima. Vero voluptate vitae ut voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...