Here:

Academy Investment Services, Inc.

Acumen Capital Finance Partners Limited

Alliance Trust Company

AltaCorp Capital Inc.

ARC Financial Corp., Investment Banking Arm

Associated Business Group (International) Inc.

ATB Financial, Inc.

Barclays Capital

Bashaw Agencies

Baxter Bold & Company

BelAir Energy Corp.

Bloom Capital Partners Inc.

BofA Merrill Lynch

BofA Merrill Lynch Petrie Divestiture Advisors

Bolder Investment Partners, Ltd.

BowMont Capital and Advisory Ltd.

C.P. Baker Securities Incorporated

Canaccord Enermarket

Canaccord Genuity Limited

Cargill Limited

CB Securities Inc.

CIBC World Markets Corp.

CIBC World Markets, Inc.

Clarus Securities Inc.

Collins Barrow Nova Scotia Inc.

Cormark Securities Inc.

Corplan Advisors Inc.

COSCO Canada Ltd.

COSCO Capital Management LLC

DAI Capital Advisors Inc.

Deloitte & Touche Corporate Finance Canada Inc.

DPM Securities Inc.

DundeeWealth Inc.

Emerging Equities Inc.

Ernst & Young LLP

Evergreen Capital Partners Inc.

Fairholme Resources Ltd

FirstEnergy Capital (USA) Corp.

FirstEnergy Capital Corp.

Geneva Merger & Acquisition Services of Canada (Ont.) Inc.

Giuliani Capital Advisors LLC

Global Exempt Market Solutions Ltd.

Global Maxfin Capital Inc.

GMP Securities L.P.

Goldman Sachs Canada, Inc.

Halcorp Capital Ltd.

HAMMER Capital Partners

Haywood Securities Inc.

Hoiming Enterprises Inc

HSBC Bank Canada

Humboldt Capital Corp. (TSXV:HMB)

i3 Capital Partners, Inc.

Invico Capital Advisory Services Inc.

Jennings Capital Inc.

KERN Partners, Advisory Business

Kingsdale Capital Corporation

Kirchner and Company, Inc.

Kirchner Private Capital Group

KV Corporate Finance Inc.

Lambridge Capital Partners Inc.

Leede Financial Markets, Inc.

Lehman Brothers Inc.

Lexxor Energy Inc.

Lightyear Capital Inc.

Lincoln-Mckay Development Company Ltd

Lionhart Capital Ltd.

Lockwood Financial Ltd.

Louis Dreyfus Energy Canada Securities LP

Mackie Research Capital Corporation

Macquarie Capital Markets Canada Ltd.

Magellan Merchant Capital Inc

McNally Valuations Inc.

Medwell Capital Corp. (TSXV:MWC)

MNP Corporate Finance Inc.

MP Energy Partnership

Mustang Capital Partners Inc.

National Bank Financial, Inc.

Natural Gas Exchange, Inc.

Neveu Group Of Investors

Newedge Canada Inc.

Northern Securities Inc.

Octagon Capital Corporation

Olympia Financial Group Inc. (TSXV:OLY)

Osprey Capital Partners

Paladin CMS

Paradigm Capital, Inc.

Peters & Co. Equities Inc.

Peters & Co., Limited

PI Financial Corp.

Pinnacle Wealth Brokers, Inc.

Polar Capital Corporation

Portfolio Strategies Corporation

PricewaterhouseCoopers LLP

Priority 1 Security Inc

Professional Investment Services (Canada) Inc.

Progress Land Services Ltd

Providence Grain Group Inc

R W Mitten Enterprises Ltd

Ram Oilfield Operating Ltd

Raymond James Ltd.

RBC Capital Markets LLC

RBC Rundle

Redtail Capital Partners Inc.

Reserve Royalty Corp.

Roche Securities Limited

Roynat Inc.

RSM Richter, LLP

Rundle Capital Limited

Salman Partners Inc.

Sandstone Merchant Capital Inc.

Sayer Energy Advisors

Scotia Capital Inc.

Scotia Waterous Inc.

Scott Land & Lease Ltd

Sempra Energy Trading LLC

Smith, Daryl Estate & Financial Planning Inc

Stifel Nicolaus Weisel

Stikeman Elliott LLP

Stonecap Securities Inc.

Stonechair Capital Corporation

STORMONT Energy Advisors

Sumex Inc.

Synergy Partners Inc.

Tallagium Corp.

TD Canada Trust

TD Securities Inc.

Thomas Weisel Partners Group, Inc.

Trek Financial and Valuation Advisors Ltd.

Tri-Corp Canada Investments Inc

Tristar Oil & Gas Ltd.

UBS Investment Bank

Ultima Energy Trust

Union Securities Ltd.

VCI Vencorp Capital, Inc.

Western Feedlots Ltd.

Whalen Beliveau and Associates Inc.

WindyPoint Capital Inc.

Wolverton Capital Markets

Wright Line Locating Ltd

 

From what I have heard it's best to be at RBC or CIBC in terms of the Canadian banks in Calgary. Some of the US banks have set up small offices and have been fairly involved. I have no idea how the compensation compares to Toronto, and wouldn't mind knowing what compensation is like at the boutiques. U of C and U of A do well in recruiting compared to in Toronto, but U of L doesn't. With that said your chances coming from U of C or U of A are probably better at the boutiques. The hours are just as bad, and from what I've heard banks in Calgary tend to not have separate M&A groups.

 

Nobodymonkey, thanks for the info.

The compensation thing really is interesting.

I also have knowledge that the hours are pretty damn bad, but only from one source at GS...in Calgary. I'm not sure what kind of coin is thrown around, but for the 70+hr weeks, it better be decent. I know LEH and others have small(ER) shops here, but not sure of who else beyond that. Anybody else out there with some pertinent info?

 

Well its been a while since I posted this thread, and I now have a few answers to my own questions that I can share with you guys.

Hours seem to be 70+, but I suppose that is pretty standard in I-banking.

RBC and CIBC are top banks, however their are several boutiques most of which have comparable or worse hours than the big shops.

CFA in Calgary, unlike NY and Toronto, seems to be highly valued, and many analysts who don't burn out move directly to associate.

Also, I am not currently in banking, but have chosen instead to pursue trading.

 

I am a VP in a top shop in Calgary and, for obvious reasons, I am not going to rank my preferences per your question 1). I will say that there are fairly large discrepancies between a good shop and a not-so-good shop. I don’t dispute CIBC being one of the top shops, as are TD and Scotia. RBC does a fair number of deals (think third or fourth in town), but they also burn through their people at about double the rate of any other shop in town. I would generally not recommend folks go there unless you have no other option and are willing to work at a sweatshop. In terms of bulge banks, Goldman, Morgan, Lehman and Merrill have offices; Citibank has a coverage guy but no execution team.

Compensation is generally the same or better than Toronto. The energy groups in most top shops are a very large component of revenues for Canada. Most folks are paid well for their work. Hours for analysts are typically in the 70 to 90 hours / week; associates 60-80 and reduce as one gets more senior. The majority of Calgary bankers work on oil and gas deals, although there are a few power and utilities groups around. There is also the odd pipeline deal around.

The advantage of doing oil and gas is doing a large number of high-profile deals. It is a very busy sector these days. The skills are the same as other industries, with specialized versions of DCF models being employed as well as your ever-present precedent transactions and comparable company analysis. Frankly, there is little that is different except perhaps a better understanding of the more technical nature of the oil and gas industry is typically appreciated by the clients. The disadvantage is that you are often seen as specialized in the sector and there are few lateral opportunities in Calgary outside of banking.

It is true that many shops in Calgary, particularly the smaller boutiques, like the CFA designation and strangely it makes a difference for certain candidates. There is no good reason for this.

There is no equal chance from any university, Calgary or otherwise. Calgary is the same as other places, where placing well at a high-quality institution will give you more credibility. Ivey places a very large number of students into Calgary investment banking. The University of Calgary’s CPMT program places almost all of its students into ibanks. University of Alberta puts one or two students a year into Calgary. There are probably one or two UofT alumni in Calgary, but generally they are not present and I have never come across a Queens commerce grad in Calgary investment banking. I do not know what UofL is, but I can assure you that no place I have ever recruited at starts with an L. We see the odd UBC student come to Calgary as well.

 

Nayls, thanks for the insights. Do you have an idea of how comp compares at the boutiques as opposed to the larger banks? I know that they are involved in less of the high-profile deals however alot of M&A activity goes on in the small-cap space.

 

Universite, I really wish you would shut the fuck up. You make ME hate Canadians.

OP, take this the right way; you're gonna have to find them yourself. That's how finance works. Calgary has every major BB, the Big 5, the bigger known MMs, specialty O&G shops like Peters and Co, etc..

I'm assuming you went/go to school in Canada; get on LinkedIn; start matching alumni from your school to profiles on company websites and fire off e-mails to everyone you can find. Explain your situation and background and ask to know more about their jobs and career paths. Don't ask for a job, develop rapport. I hope for your sake you aren't one of those pipe dreamers with 2.9 GPAs from University of Manitoba or some shit. Good luck and be realistic,

Cheers,

IG

‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
 
Best Response

There are no EBs in Calgary. Best dealflow is at Canadian banks (in order of RBC, Scotia, BMO, TD, CIBC. NBF is garbage, avoid it). RBC has the best pipeline into local buy side jobs.

Best BBs in town at GS (best m&a dealflow, brutal hours, good exits), Barclays, JPM. BAML used to be good but lost they MD so not sure how they're doing now. CS has good lev fin deal flow but the staff there are very weak (best junior guys left to BAML last year) and the culture and hours suck. Citi is terrible as well (shitty staff shitty dealflow). MS has no dealflow but it's MS so you still have a shot at buy side.

Boutiques are only decent in bull markets. The only exceptions are peters and first energy but doubt they're hiring.

 

Calgary is a big energy town. There is a good amount of E&P activity, as well as oil field services companies (like hydraulic fracking). Some BB's have regional IBD offices in calgary focusing on energy.

The culture is similar to Texas, from what I understand. It's kind of a cowboy culture. Not sure who on WSO lives out there (I'm in Houston), but I'm sure there are good opportunities out there. From what I hear, Calgary is a cool town.

Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.
 

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