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I think I agree with the order of the list that you have prepared. RBC is probably the best.

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I have a few friends and a client who works as Commercial Bankers. The 4 banks I know of are CIBC, TD, Scotiabank and HSBC. Pay wise, HSBC #1 then Scotiabank and rest of the two are very similar. My friend who works at HSBC commercial banking had mentioned that he is getting paid at least $15k more than if he had taken commercial banking role at the top 5 banks.

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I have no answer for your question but I’m going to say you’re not going to get one unfortunately. It’s too broad a question and most large firms pay at a similar level. Most people won’t have an answer.

Fair enough!
I will give you some details to explain the situation.

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) 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.

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 range from the role and work ex, etc.

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

Also, a more broader question, if I want to work 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.

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