Research Associate

CFA General
#1

Hi, Does anyone know how much Research Associate position in the top 5 banks in Toronto (Canada) pays? Thanks!!

#2

ERA I imagine would be in the mid to high $70Ks. IBRA would be a bit more…around $120K. IBAnalyst would be in the $200,000 range. Willy

#3

Thanks Willy…How much are the normal bonuses…? I have heard that they fluctuate quite a bit depending if a big bank or a boutique…

#4

Well the bigger shops like DS and BMO would have the opportunity to work on larger deals however the pot is shared by more MDs more Analysts and more Associates. A place like Haywood might not get the same size/scope of deals but have their people do quite well nonetheless. Willy

#5

65 + bonus DOE

#6

cfa_toronto_on Wrote: ------------------------------------------------------- > 65 + bonus DOE that is pretty low :frowning:

#7

You can get 80-90k after bonus if you do real well at some shops based on what I have heard. Either way no one in TO cares about how much they make as a ERA, because thats not the end goal. Bay St is tiny, your not going to find a path to analyst any other way.

#8

agreed. Its not about the money, its about getting experience and making connections. If you want more money in Canada go to Calgary. In Toronto the pay is shi! (w/6800 members of CFA society all competing for the few front office jobs in town). But don’t worry after a couple years of experience, you’ll get more money and more chicks

#9

agreed. Its not about the money, its about getting experience and making connections. If you want more money in Canada go to Calgary. In Toronto the pay is shi! (w/6800 members of CFA society all competing for the few front office jobs in town). But don’t worry after a couple years of experience, you’ll get more money and more chicks

#10

Lol…that’s actually true. Older = Better in the investment industry. Willy