How Does One Break Into The Toronto Finance Industry From New York?

I have a few years of niche (i.e. FIG) investment banking experience as an analyst from a middle market bank. Have the opportunity to work at a long/short equity fund (covering a niche subsector) but I do not think it is something I want to do long-term. Ideally, I want to do corporate dev, asset management, or even real estate private equity in Toronto one day (not as a real estate agent, however). I genuinely can't figure out what jobs would be available for someone like me. For context, I studied at one of the top universities in the GTA. I have family ties in Canada and I want to be back one day. The goal is to save a bunch of money and move back. Would you guys be able to provide some tips as to how I can make this transition easier for me over the long run (2-4 years)? I was thinking of doing some real estate work at my current bank (i.e. securitized products) or lateraling to another bank and doing more generalized FIG and maybe some TMT / asset manager deals. Will someone with my skillset be attractive enough to make $150-200K CAD in the Canadian market in a couple of years?

While the long/short fund is very reputable, I think I would be further pigeonholing myself a bit and want to keep some generalness. The job is also not in NYC which further kills some optionality and comes with a long garden leave and vesting schedule. lots to learn but would probably limit my options even more.

 

A molestias atque enim. Et quos nemo qui animi maxime. Vero voluptatum minima maxime molestiae et provident vero. Accusantium dolor adipisci adipisci recusandae. Dolorem corrupti illo inventore perspiciatis magni expedita commodi.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (251) $85
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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
10
bolo up's picture
bolo up
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...”