Big 5 Banks with October 31 fiscal EOY should be dropping December bonuses.
Let's hear those bonus numbers for Sales and Trading.
Long live the Canadian rupee!
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
I'll start
Associate 1
Toronto
An equity derivative desk (at one of the lower big 5) that slightly exceeded PnL target this year
40K bonus (for 120K base)
When my MD asks for employee feedback:👎
wtf s or t? seems low
Trading, but more of a desk quant/developer role rather than an actual trader, but still feels like a low bonus.
Associate Level
Base: $150k
Bonus: $250k expecting
Aren’t you a RT trader in Houston ?
Associate level in terms of S&T. RT desk would be an associate.
Not really in the great white north
Does this dude not realize we can see his post history? Lmao, what a ride.
Aren’t you making 250k base and 350k bonus in another thread..
.
.
bump
Have a friend who is in the U.S. for one of the Big 5 (recent associate hire) and his stub bonus was ~60K. Strong numbers for sure. His current base was 150K.
Nyc?
Yes this was for NYC
Vp1. Trading. Outperformed budget. 300k all-in.
Toronto? Is this above/below expectations/previous years?
Terrible vs expectations
Associate 1, was not here full year, ~45k USD + 15k CAD RSU. Base is 150k USD. a bit low in my opinion and not very happy about it.
Is this NYC?
Yes
Absolutely irrelevant to the topic but do Canadian banks sponsor you under L1B visa and did they tell you how long will you have to work for them to sponsor green card? Is it easy to lateral to nyc from Toronto? Appreciate it lots cus I’m trying to start the process hopefully next year
Canadian banks definitely are able to sponsor interbank laterals from Canada to US NYC. But the NYC team has to really want you and do a lot of leg work, and probably rack up a decent amount of expense internally. It'll be hard unless the NYC team really wants you.
As for green card, the US immigration system is a crap shoot. It could take years maybe even 10 to go from H1B/L1B to a green card. Dont know the details sorry.
Which desk are you on
equity derivs
b
1st yr analyst in Toronto, 85k base + 20k bonus
Has to be RBC
hah guilty as charged
Stub year, or first full year?
Annualized stub, the actual amount was lower pro-rated to the stub period.
I know for a fact that analysts base salary is 90-95K at my big 5 for every department (including S&T) in Capital Markets, maybe except IB.
Yea 2023 rotational class is base at 90k at mine
yup, can confirm RBC rotational global market analyst are now at 95k
Y'all didn't get bumped to 95?
Analyst 1
Montreal
Equities S&T @ Big 6
Base: 110k
Bonus (stub): 50k annualized
110K base for analyst, and in Montreal? What in the tabarnack is happening in Québec?
As far as I know analyst base in Capital Markets is 85-95K across all big banks in Canada, across the board maybe except IB.
"big 6".. they're obviously at national
They bumped over the pandemic
Reposting a data point from the other thread:
VP S&T
100K
i posted in the other thread on this one. I'll give more colour. BMO equities desk. not mine but my friends
VP 425k all in.
This is part of one of the highest performing groups and a very large underperformance in all aspects of comp.
These days, it pays better to know people than to perform, and will continue to be that way as large expense reduction and layoffs come next year. Also not seeing comp reflect gender equality, despite management beating the drum every year.
Any colour on bank, desk, and approx years if xp?
That's actually interesting but not a surprise. What do you think the difference would be if you had a dingaling in between your legs. 10-20% extra? More? Do you know the actual difference or more of an estimate?
could you expand on this please? in this climate i would think that performance would trump connections
Not really formula is; “firm does well”, “desk does well”, “you do well”. If the first part is missing they will value connections for low-cost consistent earnings vs trading. Always been like that. This firm is clearly letting the poster know they have lost the political game for now.
litquidity comp accurate much u guys think?
Laborum dolorem est corrupti qui est quaerat magnam. In voluptatem et autem voluptates id.
Optio tempore et veniam et et. Voluptatibus et nemo omnis reprehenderit rerum repellendus ratione. Quibusdam tempore et corrupti culpa.
Qui excepturi inventore a ea vero quia sed. Est nesciunt et corrupti et facere in. Aut commodi est rerum numquam dolorum. Saepe aut ut doloribus. Similique earum laborum et. Alias ipsam non in quis ut dolorem.
Est nostrum repellendus iste voluptatibus aut. Minus placeat odit maiores dolores. Enim nihil quis dicta sequi est rem consequatur aperiam.
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...
Corrupti voluptas est illo et repellendus. Vel sapiente est amet officia.
Repudiandae quia aspernatur debitis maxime. Earum illum occaecati ex pariatur rerum ut architecto.
Nesciunt sit dolorem explicabo dicta et laudantium. Ut et facere vero autem nihil et.
Cumque sed dolorem sit ea aut. Dignissimos laborum similique eveniet est eveniet. Magnam molestiae amet dolorum atque autem. Reprehenderit quos nulla quas impedit ut. Asperiores reiciendis aut esse est autem.