Investment Banker Salary in Canada - Average Salary (2024)

FAQs

Investment Banker Salary in Canada - Average Salary? ›

Executives in investment banking can make upward of $300,000-$500,000 per year. Investment banking can also lead to other high-paying careers in finance, such as private equity and wealth management.

Executives in investment banking can make upward of $300,000-$500,000 per year. Investment banking can also lead to other high-paying careers in finance, such as private equity and wealth management.

Investment banker salary in the United States

The US can be a dream country for Investment Bankers as they get the highest possible pay scale compared to any other country.

How much does a Associate at Goldman Sachs make? The typical Goldman Sachs Associate salary is $149,500 per year. Associate salaries at Goldman Sachs can range from $99,658 - $220,000 per year.

For Banking, credit and other investment managers, over the period 2022-2031, new job openings (arising from expansion demand and replacement demand) are expected to total 23,700 , while 22,600 new job seekers (arising from school leavers, immigration and mobility) are expected to be available to fill them.

Investment Banking Managing Director Salary + Bonus: Base salaries are in the mid-six-figure range, with total compensation in the high six figures to low seven figures. An MD doing decently should earn between $1 and $3 million per year, and sometimes a low multiple of that (as of 2022).

It is possible to become a millionaire as an investment banker, but it is not easy. Investment bankers typically earn salaries in the $200,000 to $700,000 range, with bonuses that can bring their total income up to several million dollars per year.

Even with an average annual return of 10%, you'll have to save $481 per month to get to $1 million before you retire. At 6%, you would need to save $1,021 per month.

How many hours do investment bankers work in Canada? ›

You may think that the investment banking culture in Canada would be quite different from American investment banks. But the truth of the matter is that it is quite similar. You need to put in at least 90 hours every week in Canadian investment banks. That means you would have almost no-work life balance.

The average salary for an Analyst is $66,677 per year in Canada, which is 37% lower than the average J.P. Morgan salary of $106,889 per year for this job.

CFA in Canada: Scope & Salary

A typical Financial and investment analyst earns around CA $50,000-$70,000 annually. It may also reach around CA $92,000 or beyond in some regions.

The national average salary for a Investment-Banker is $1,33,324 in United States. Filter by location to see Investment-Banker salaries in your area. Salary estimates are based on 16 salaries submitted anonymously to Glassdoor by Investment-Banker employees. How accurate does $1,33,324 look to you?

New York City is typically considered the finance capital of the world. Many of the largest investment banks, including Goldman Sachs,14 Morgan Stanley,15 and Merrill Lynch,16 are headquartered in New York City. So too are several large banks, including Citigroup and JPMorgan Chase.

Average Goldman Sachs Vice President yearly pay in Texas is approximately $158,293, which is 7% above the national average.

Vice President salaries at Goldman Sachs can range from $190,325-$203,581.

Goldman Sachs is one of the oldest and most prestigious investment banks on Wall Street. With hundreds or thousands of applicants for every job opening, getting into this company is notoriously hard.

A candidate with enough knowledge, skills and experience can easily find a job in the banking sector of Canada. But one important pre-requisite for obtaining a banking job in Canada is that the person must be either a Canadian citizen or a permanent resident or hold a work permit in Canada.

How hard is it to get into investment banking in Canada? ›

It is more difficult to win offers there, but the main issue is that there aren't that many new hires each year. If you consider the top few schools, there might be ~1,500 graduates each year, but not all of them are interested in banking, and not all of them stay in Canada.

Formal education can be a great way to explore the field of investment banking. By earning a diploma or bachelor's degree in business, finance, accounting, economics, or a related field, you can study investment techniques and learn from experts on the topic.

It is no surprise that the average day in an investment banker's life is long and stressful. Those who manage to survive the adjustment period often go on to have long and financially rewarding careers. Investment banking analysts may work up to 100 hours per week at some firms.

In summary, I think you can generally expect most of your weeks in investment banking to be between 60 and 80 hours. I'd say 60 hours is doable, while 80 hours will really start to push you. I think anyone who says that they work 100 hours on average is probably lying.

Yes, you can make $100,000 per year as a personal banker.

While possible, it is unlikely to earn over $100k as a personal banker because even higher-paid positions do not typically earn more than $90,000 per year. The average annual salary for a personal banker is $46,777.

Many investment bankers are Type A personalities, which means they are ambitious and driven. Young bankers are inducted into a stressful lifestyle from the get-go. They are encouraged to work long hours with very little free time to fit in socializing or relaxation. Many turn to caffeine and drugs to help them cope.

Do I need an MBA to be an investment banker? Although the majority of top investment banks prefer to hire employees with an MBA, the degree is not a requirement to enter the field. However, to advance at top companies, an MBA is often a requirement.

Managing the pressure

There is no doubt that there will be times when you'll be under a lot of stress, even though the high stakes and fast-paced way things are done in an investment bank may make the learning process so speedy. It's not only about working long hours; you also need to put in high-quality work quickly.

Yes, for some people, $2 million should be more than enough to retire. For others, $2 million may not even scratch the surface. The answer depends on your personal situation and there are lot of challenges you'll face. As of 2023, it seems the number of obstacles to a successful retirement continues to grow.

Is $5 million considered rich? Statistically speaking, yes, having a total net worth of $5 million is considered rich. According to the latest survey from the US Federal Reserve, a net worth of $5 million puts you in the top 10% of households in the US by net worth.

How to turn $100 K into $1 million in 5 years? ›

Consider investing in rental properties or real estate investment trusts (REIT). The real estate market is a fertile setting for a $100k investment to yield $1 million. And it's possible for this to happen between 5 to 10 years. You can achieve this if you continue to add new properties to your portfolio.

How Many Hours Do Investment Bankers Actually Work? Investment banking is not a normal 9-to-5 job — investment bankers can work anywhere from 60 to over 100 hours per week, depending on the company and the deals at hand.

The work includes three primary tasks: presentations, analysis, and administrative. After two years of working for the investment bank, top performing analysts are often offered the chance to stay for a third year, and the most successful analysts can be promoted after three years to investment banking associate.

Client Management:

Since investment banks work for customers across the world, investment bankers need to travel a lot to service their customers and maintain relationships with their firm's largest accounts.

Investment Banking Analyst salaries at Citi can range from $123,489-$134,363.

Vice President , JP Morgan Chase $160,000 Jobs in Toronto, ON (with Salaries) 2023 | Indeed.com Canada.

Salaries can vary widely for both CFAs and CPAs based on location, experience level, and company size. That being said, according to Payscale the average salary for a CFA is $102,000 and the average salary for a CPA is $94,000.

$86,582. The average salary for a portfolio manager is $86,582 per year in Canada.

How much do Goldman IB analysts make? ›

For a hefty fee, they bring industry, financial, and transactional expertise. They are basically gatekeepers — a company that wants to issue stock, issue debt, buy other companies, or sell itself has to engage with an investment bank (though some tech firms are working on ways around this).

Investment Banker Salary and Bonus Levels: Associates

Associate total compensation was down by 15-20%. Base salaries still progress from $175K to $225K at most firms, so lower bonuses explain most of this.

Age Range: Associates come from more diverse backgrounds, so 25-35 is the safest bet for the age range. It would be virtually impossible to become an IB Associate much before 25 unless you graduated university at age 18 or 20.

Goldman Sachs is generally regarded as the leading investment bank in most business areas, and is the toughest Bulge Bracket investment bank to break into. Goldman has a very strong reputation within the industry and among corporations. They advise on the majority of high profile M&A deals and other major transactions.

The average investment banker salary in Canada is $130,151 per year or $66.74 per hour. Entry-level positions start at $129,089 per year, while most experienced workers make up to $131,860 per year.

Average TD Investment Banking Analyst yearly pay in Canada is approximately $94,842, which is 16% above the national average.

Investment research: Investment banks in Canada (like USA investment banks) are pretty good at investment research. They use quantitative market research, statistical modeling, digital footprint analysis, and data science while looking for the best investment deals.

Can you be a millionaire as an investment banker? ›

It is possible to become a millionaire as an investment banker, but it is not easy. Investment bankers typically earn salaries in the $200,000 to $700,000 range, with bonuses that can bring their total income up to several million dollars per year.

For a hefty fee, they bring industry, financial, and transactional expertise. They are basically gatekeepers — a company that wants to issue stock, issue debt, buy other companies, or sell itself has to engage with an investment bank (though some tech firms are working on ways around this).

The average salary for Investment Banking Analyst is CA$92,822 per year in the Toronto, ON, Canada. The average additional cash compensation for a Investment Banking Analyst in the Toronto, ON, Canada is CA$59,750, with a range from CA$25,787 - CA$1,38,444.

The average salary for Investment Banking Associate is CA$1,18,575 per year in the Toronto, ON, Canada. The average additional cash compensation for a Investment Banking Associate in the Toronto, ON, Canada is CA$1,24,043, with a range from CA$52,190 - CA$2,94,823.

The national average salary for a Investment Banking Vice President is $48,860 in Canada.

This includes base salary as well as any potential stock compensation and bonuses. The median yearly total compensation reported at RBC for the Investment Banker role is $77,426.

Typically banks screen resumes based on GPA and will often remove anyone below 3.5. However, there is room for an exception here, and exceptional experience may bypass GPA requirements if one can prove competency or high value to the bank.

The top banks and firms really value hard work, so they're likely to hire candidates who earn high GPAs because it's a good corrollary. Therefore, your minimum GPA should be 3.50 to even be considered for a position; though, I'd recommend 3.70+.