I’m an SC at Deloitte and moving to banking. I have a couple of offers in hand and want to ask - are job levels at all Canadian banks the same? E.g. is a level 8 at CIBC the same as a level 8 at RBC, TD, BMO? I’m also being offered 15% target bonus for ‘satisfactory’ performance. How does that compare to big 4 ratings? I think it’s different from ‘meets expectations’ because my offer letter says that target bonus is payable for ‘meets expectations’ rating for level 9 & above.
Thanks in advance!

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

Happy to walk you through CIBC bands, bonus, how bonus is calculated, associated salary range for band 8/9

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That would be great. Apparently I need some points to message you directly and I have none. Could you mention it here please.

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Level 8 at CIBC is I believe Sr Manager, which is pretty good transition from an SC. I have seen big 4 managers move to Director level at canadian banks.

Yes, big 4 bonuses are nothing compared to banks.

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RBC Manager is PL08 and Senior Manager is PL07. There is some movement around titles within the Big 5 Banks in Canada. What and how big your bonus is depends on the line of business you are going into. RBC just moved their pay bands but it also depends if you are tied to a Tier 1,2, or 3 city. Let me know if you need more info.

Understood. Thanks, I appreciate it!

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