Canadian banks vs. American banks

<p>how easy/difficult is it to switch from a Canadian BB(if you can call it that) to an american BB or vise versa?</p>

<p>How easy/difficult is it to go from a Canadian BB analyst to an American BB associate or vise versa?</p>

<p>How big is the difference in pay?</p>

<p>How bad are the hours at canadian BBs?</p>

<p>thanks in advance!</p>

<ol>
<li>Actually you can’t call it that.</li>
<li>About as hard as transferring from a tier 3 (if at RBC) or tier 4 (if at any of the others Candadian banks) shop to a tier 1.</li>
<li>Not that big at junior levels, large to huge at senior levels.</li>
<li>Depends on your group.</li>
<li>You’re welcome.</li>
</ol>

<p>There’s a lot of money to be made in Toronto. Mostly in IM. It’s all based on connections and not pedigree. I know money managers w/o college degrees that live in mansions in Forest Hill. Guys like Sprott are literally billionaires; it’s all in the commodity funds. IB in Canada is only good for exit opps; hours are just as bad and net pay is horrendous.</p>