I have ~4 years of experience as a commercial account manager working for a large bank in my home country before migrating to Canada. I am currently working as a credit analyst (commercial clients, upto $30mn in lending size) in a mid size Bank in Toronto.
I want to eventually work as a commercial/corporate account manager and hopefully grow in that role.
I am looking at my options and can't see anything beyond the Big5 banks.... Contd in comments

Posting as :
works at
You are currently posting as works at

RBC and TD are the biggest commercial banks in Canada. I believe RBC pays the best. There isn’t anything beyond them for a career in commercial banking, corporate banking however I believe there are many more options as American banks have offices here servicing Canadian clients.

like

....Am I correct in assuming that Big5 is the place to be if you want grow urself in a commercial banking setup?
Also, which of the big 5 banks is the best pay master?
I have heard RBC is the best of the Big 5. Obviously pay will will from the role and designation, etc.

I wanted to know, in general, which is the best paying bank from Big 5 for commercial banking.

Also, a more broader question, if I want to grow as a commercial banker, which is the best bank/FI in Canada (more specifically GTA) for compensation and overall work-life balance.


P.S. I consider 50-55 Hrs/week standard stuff.

Hey,
Thanks for your reply. Judging from your description, it seems you work as a Sr RM so you may have a fair idea.
-How is RBC as a place to work? If the WLB equally good as in TD?
-I understand pay would be in a range.
If you know what is the upper and lower end of the pay range, that would be great.
Trying to judge if I want to stay in Commercial Banking or switch to something in Tech.


Thanks

Related Posts

Hi fishes, Is "getting too much health problems because of night shift", a good reason to resign? If so, I need a referral. I have 4 yoe pre-mba then 1 year post. Accenture Infosys Tata Consultancy HSBC JPMorgan Chase Goldman Sachs Amazon Google Larsen & Toubro Citi

have an offer from
Target Corporation -- TC 30LPA as a Sr. Engineer(Full stack) And
Rubrik TC 30LPA + 750 RSUS as a Sr. Full Stack Dev
Really confused about wherel should go,
Target tech stack - Java Spring boot microservices, React, Postgres, Mongo(The tech stack am comfortable with)
Rubrik tech stack Python Microservices, Postgres backend and Angular fronend.(The tech stack have never worked with)
comes down to Tech stack and WLB, Where should i join?

Does anyone have any career insight for a tax associate in corp dev? Is it as lucrative as regular corp dev? What do you do on a day-to-day basis?

like

how much harder is banking then valuation?

likefunny

Looking to move to New York - does anyone know which agencies are hiring these days?

like

Hi fishes,

I'm looking for good opportunity,

I am having total experience of 9.1 years and 8 years in the Treasury. I am having 10LPA..

My key responsibilities are cash management, forecast, variance, Hedging, and investments, opening and closing of the bank accounts, bank reconciliation, handling customer, vendor, tax, and IC payments, audits, borrowings and handling bank KYC and AML issues.

Thank you.

like

Bain & Company There’s positions at Bain & Company and Oliver Wyman that I am willing to apply for, I appreciate anyone that could offer me a referral 🫂

like

Why too many people leaving FIS ?

like

Got an offer of 8LPA from JPMC for the role of Test Analyst. YOE - 1.4 years, Location - Malad, Mumbai.
I would like to know how much I can negotiate with the HR on this offer.
I don't have any other offer in hand.

like
like

I’m so new to product marketing- was hired as a subject matter expert. I feel like I’m winging it like 85% of the time. Can anyone recommend resources or somewhere I can look to learn more and get up to speed?

like

So JUUL is hiring again? Had a recruiter reaching out..

likefunny

Anyone work/worked for NFP? I have a second interview tomorrow for an account manager role. Just wondering if anyone has any pros or cons I should know about. Thanks!

like
like

Fried Frank reached out to me about an open senior real estate paralegal position they have in NY, and at first I wasn’t looking to move from my current firm, but then we talked salary (a nearly 50% raise) and now I’m willing to listen a little bit more. What are people’s thoughts on Fried Franks Real Estate team in NY?

likesmart

I’ve been seeing a junior copywriter opening at DDB on LinkedIn for a few weeks now. Does anyone know if that actually exists?

Also, major bonus points if you have a good person to email there.

like

I’m currently Working in Healthcare IT as a Project Manager. Thinking of transitioning into healthcare consulting. What are your tips on this with regards to companies, options and challenges

like

Currently a senior commercial underwriter Working on finishing up my CPCU as I only have 2 exams left. Was curious to know
what kind of Salary impact this had for others who got the designation, if any?

like

Is it a good time to switch jobs

like

More Posts

In my 40s, here in the larger NYC area for a couple weeks visiting family. Male, athletic. If anyone's interested in chatting (admittedly in a playful mood currently, so that's my current preference), drop me a DM.

likefunny

Any Strategy& fish willing to give a referral? Currently in PwC for advisory but looking to transition into consulting

like

Hi Folks,

Please suggest which company is better to join for 3 years exp tester who is willing to switch to developer profile-
Cavisson Systems or Bravura solutions

like

How would ne product Mangager salary slab?
YOE: 6years

like

How is WLB and pay scale at Accenture as compared to B4s? (Asking for HR Transformation profile)

like

Anyone have experience on a credit strategy fund especially a credit hedge fund? Do they recruit non bankers? I saw an interesting opp but I have very little relevant background with debt (consulting background)

like

Me: Today will be a great day
My anxiety:

Post Photo
likefunny

Anyone have any suggestions how to break into in house counsel from Big Law?

like

Hi Northern Trust friends, i got offer from NTOS. Can you please let me know how is work type there. Is it hybrid or currently wfh?
Any updates how it would be in next few months?

like

Got a phone call from a recruiter that they are working on my offer on Monday and haven’t heard anything back since. Anyone has any idea how long it would take and when would I should follow up? I dont want to sound desperate

How do you manage the constant school cancellations? Do I need a nanny in addition to daycare?

like

I am new to wipro..expected salary for Feb month.. Where can I see salary slip.

WIPRO, #WIPRO

like

Hello,
What is the average pay for IT Technical Support Market?

like

For those who wake up at 5,6 or even 7am - how do you do this in this cold, dark, hopeless weather? Any tips for that? I wake up with my alarm but it's so cold and dreary and annoying that I go back under my sheets....

likefunny

What’s the latest on E&IX with red hat abs cloud focus?

Anyone know a reliable source (not Glassdoor) for seeing comp info of open jobs?

like

Tips for desk research heavy projects (lots of reading, processing and synthesising information): how do you do it? Are certain meds better/worse? Modafinil feels better for reading and processing info but stimulants better for focus and executing tasks.

like

Bonjour à tous

like

Just got married to a somebody I met through this bowl and I love him with everything inside me! Wanted to share that’s there’s hope for everybody!!!!

likeuplifting

Got a verbal confirmation for an offer from recruiter. Now she is negotiating my pay with the compensation team instead of me. I thought I had to do the negotiations with that team? This is for a L3 role at google canada. To the fellow googlers, is this normal practice or am I being lowballed here?

like

Additional Posts in Retail / Commercial Banking

Is Barclay's a good bank for to work for? I want to know the good, the bad, and the ugly!

likesmart

I am in the process of transitioning to a Junior RM role at a mid market bank in the Bay Area. I wanted to know what is a salary + bonus range that I can expect and/or request. Any help is greatly appreciated!

like

Any information on working for Deutsche in the CRE Special Situations Group?

Currently looking for a remote job in the banking industry. I have 17 YOE - 10 in retail community banking in Deposit Ops, Lending Ops & accounting. The other 7 was at a Banker’s Bank in Correspondent Lending Ops then for the Exec Team and BOD as an EA with special projects for Execs. I have several areas of interest and have applied so far at PNC, KeyBank, Regions and FRB Boston. I also just finished my BA in Bus Admin and have Assoc. in Accounting. Any job recs out there for me? :)

like

Hi everyone, I'm new to Canada and want to start my career here in the Financial and Banking industry. I have passed the CFA level 2 exam and was wondering if I have to complete the Canadian Securities Course (CSC) as most of the job postings here mention about it. I saw that if someone passes at least the CFA level 1 exam then the requirement of CSC is exempted. Can anyone enlighten me about this? As the CSC exam costs above 1000 CAD, I wanted to be sure if I need it before investing behind it.

like

I went through two rounds of interviews for
a job that the posting stated $36.66 per
hour (FP&A Analyst)…the company
recruiter had told me in the initial call the
pay could be 32-36 because of the other
benefits. If I do get a job offer what range
should I try for? I was really hoping to get
around the 36-40 but now I feel like they
may try to offer lower than what was
posted. Also there was no range but the
average for this position is upper 70s-90k.
Thanks for any help!

like

If you started your career in retail banking as a relationship banker, what would be different paths you could take if you’re ready for a change? I’ve been told I have great customer service but my weakness is lending. I would love to staying in banking but as a 1st gen I don’t know what my options are or what I can do to open new opportunities. I have 1 1/2 year experience and a B.S. Business Admin degree.

like

First question here. B Business Applied Finance degree, finished by the end of 2020. I have experience in multiple roles in different industries, customer service 10+ years experience. I started a new job in a private lending company 6 months ago, excelled in everything and I’m doing everything from managing client enquiries to credit applications and enquiries, financial analysis. It’s a small company and you must work around the clock. I’m currently at $70k and I’m trying to negotiate to $85k

I am a commercial banking analyst and I want to know what exit opportunities are out there. Any thoughts?

likehelpful
like

I have 3 years in banking and applying for a Senior Relationship Banker, I started as a teller and have had 2 promotions currently I am a Relationship Banker II. I want to make sure that I get the salary for having more responsibilities. I live in a smaller community. What would be the minimum salary for a Senior Relationship Banker?

like

Anyone know the salary range for client solutions advisor at Scotiabank @scotiabank bc Canada?

like

What’s the salary wage for a consumer lending credit analyst/ underwriter in Southern California ?

like

I'm working on a Fintech startup related to commercial banking pricing. We would like to do some "expert interviews" with current RMs (we would compensate your time.) We want to better understand the friction points when it comes to price C&I or CRE loans. Please DM me if you are interested.

We are not looking for any private information, but more anecdotal evidence of issues that can be improved.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal