Hello, if anyone is interested in a career in commercial banking, what pay is like, what exit opportunities are, or anything else related, feel free to give me a shout personally or post in the bowl.

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What's salary and bonus like for Canadian Big 5?

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Hi Arthur,
I currently work in the largest US commercial banking group for a Canadian big 5 bank. Any ideas how pay would be expected to progress and common exit opportunities?

Hi Arthur! I'm currently a Portfolio Trader at an Investment Management firm in Ottawa. I'd be interested in chatting about how to position myself to transition into commercial banking analyst roles and what the career path looks like. Thank you!

It all depends on what aspect in CB you are in .. If you are a banker in the MM or upper MM, in NYC top performing bankers with over 10 YOE can earn upwards of 500k TC as an individual relationship manager.

If you are in specialized industries, like tech, life sciences etc… comp is more because it’s very specialized with a different set of skills for risk management and credit structure (hence less talent on the street)

In Canada as an RM you top out at $170K all-in regardless of YOE >> to earn more you need to become a unit leader / team manager / district vp.

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Fellow underwriters what do you do for VOI on OTR Truck Drivers who have not filed a tax return and can only provide a recent 1099 or earnings statement. My institution does not use 1099 as historically this income is before expenses. Our traditional practice is tax returns but we have seen a large uptick in people transitioning into this line of work who don’t have a TR yet. I was thinking institute the practice of taking RMA’s EBIDA% based on the 1099/earning statement? Any other thoughts?

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