Quebec LMM - MM I-Banks

I'm keen on developing my career in the Quebec LMM-MM space for various reasons that I won't get into. I would like to get insights on current investment banks killing the space and your opinions on the outlook of I-banks such as Stifel and National Bank in QC. 

National Bank has been dominating the LMM-MM QC space for a long-time. I'm aware Stifel had a very strong year as evidenced by the IPO of Guru and recruitment of Mathieu L'allier (former head of BMO). 

Are there other I-banks competing in this space (i.e., TD, CIBC, Scotia)? What is the outlook (5 years)? Which bank is more attractive for growth as a junior banker? Comp? Culture? Etc.

Edit* BMO and RBC are sometimes active in the MM space, but IMO are much more active in the large cap space and are definitely heading in that direction. 

3 Comments
 

Voluptas eius odit in. Corrupti quis sit a et. Iste eius vel alias blanditiis. Voluptatum et et sunt amet. Consequatur laborum repellendus illum quia odio rem. Omnis atque explicabo ut ut. Nobis quis eum deleniti quis dolorem necessitatibus tempora hic.

Expedita in eveniet accusamus fugiat vero laborum tenetur. Temporibus maxime commodi in voluptates ratione. Voluptatem consectetur possimus cupiditate amet. Voluptas aut dolores a eum ipsam voluptates tempora. Nihil quisquam maxime ut nulla dicta incidunt.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”