CIBC Calgary - Energy, Infra, Transition
Can anyone give some insights into the CIBC Energy, Infrastructure and Transition team either in general or specifically in Calgary? deal flow, hours etc?
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Swinging through the WSO jungle, I've gathered some bananas... I mean, insights for you! Based on the highest ranked content on WSO, here's what I found about CIBC in Calgary:
Remember, the energy sector is a big deal in Calgary, and teams working in this area are often involved in some high-octane deals. If you're looking to power through in this field, Calgary's a great grid to plug into!
Sources: Citibank in Calgary?, Calgary IB Rankings, Walk me through the Canadian IB sector, Is Calgary the Next Financial Powerhouse of the World?, How is BofA’s natural resources and energy transition group?
From what I’ve gathered:
1. Toxic culture overall. Not as bad as RBC, but worse than the others in Calgary.
2. Plenty of hours. 80+ on average.
3. Because of this, they just lost ~4 analysts and 2 associates after bonuses. They even offered them all large retention bonuses that were all declined.
4. Deal flow is solid.
I can’t comment much on culture or whatever but I wouldn’t say their deal flow is solid. Pretty sure it’s a decent size team (~25ppl total) and they haven’t been on many deals from what I’ve read. Could have also missed some infra deals but I read pretty much everything on BOE Report
Sure, they’re not bursting at the seams with deal flow.
But they closed ~6 deals last year, most recently Crescent Point / Hammerhead.
Bonuses last year were solid from what I’ve heard, and they didn’t lay anyone off. That’s often my barometer for deal flow.
Are there any groups that are good in Calgary culture wise?
My B5 Calgary culture rankings:
1. Scotia
2. TD
3. BMO
4. CIBC
5. RBC
From people I’ve spoken with i keep hearing its a gnarly group. Juniors just getting worked
Anyone have insight into comp & WLB at CIBC EIT in Toronto?
good point. seems pretty unanimous across the board
Has anyone yet moved to the final round for CIBC EIT in Toronto?
Are you in the final round? How many rounds have you done bud? Curious where the process is at?
although the person in question is gone, one D was so toxic, they tied his promo to juniors not quitting like a revolving door. He didn't get the promo
Would avoid. Very long hours and decks for both deals and business development.
Expected to be in-office at 9am and there is by-and-large no work from home culture (people show up on the weekends). Very nice juniors but seniors are extremely demanding on the O&G side.
They are decently productive in terms of deal flow and highly technical if that’s what you’re looking for, but very very sweaty.
Interesting, thanks. Do you know if any of this is true for Toronto EIT as well?
No - the seniors in Toronto are much more reasonable (juniors typically leave at 5pm to WFH on days in-office and it's WFH on Fridays). Much more relaxed when you leave / when you get in. No facetime culture. The deal flow is very strong but they tend to chase smaller deals (especially on the P&U side), which leads to longer hours. However, would note that the folks are great to work with. Decks are still long though - I would say CIBC tends to be materials heavy in general. Experience is top-notch and you work with great seniors. A few tend to be pretty demanding but all are very nice and good at what they do.
Anyone has any info about the return rate?
.
The group in Calgary is very, very sweaty. The entire junior team has turned over 2x in the last 3 or 4 years. "Us vs. them" culture between senior and juniors. Toxicity of culture is arguably comparable to RBC Calgary, in my opinion. Time and energy of juniors is shown an abject lack of respect. Would suggest avoiding.
Anybody know if they actually filled the holes in their team?
Interested as well, particularly for EIT Toronto. Role was posted early February.
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