Is 200K a reasonable salary expectation for a Senior Manager position at a Big 5 in Toronto?

likefunny
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I don’t know any SM at one of the big 5 Canadian bank that have a salary close to 200k (and I know quite a few of them). If you have a rock star SM that is clearly ahead of the pack, coupled with the bank having a stellar year, then MAYBE the total comp after bonus would get you to 200k at the SM level.
Generally, I’d say the average SM is between 115k on the low end to 150k on the high end for salary at the big 5 banks in Canada

likesmarthelpful

Nope

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In what field and how many years of experience? Total comp or just base?

But generally speaking, that would be on the top end of the range.

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SM at one of the big 5 (titled outdated). Confirming base salary band is 120-140.

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Which FI if i may ask, and what business or function. Soinds like im under compensated, 5 years in level

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Yes for TD, if you are on the upper band (TD doesn’t have a Director title). No for other banks

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AT CIBC, SM makes around 110-120k

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I’m SM I make 120K

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