Training Programs (TD WaterHose, RBC Capitals, BMO Nessbitt Burns)

[julz269]

Hi, I will be graduating next year and I will be looking for entry level positions in the financial sector. I was wondering if these trainee programs at banks are a good start for new grads (such as RBC's Investment Banking Analyst Program, or BMO's Investment Advisor Program). Also, is there anyone who has gone through any of these programs? What will they be looking for other than a undergrad degree and CSC qualification, and how difficult is it to land these positions?

http://www.rbc.com/careers/capital_markets.html
http://www.bmonesbittburns.com/personalinvest/About/CareerCentre/InvestmentAdvisor/default.asp

[bruizeman]

lol

[julz269]

???

[unowned]

???

i think he's laughing at the fact that you spelled two companies in your subject line wrong...

i'm kind of chuckling too ;)

I can only tell you about the experiences that I've heard from my friends...any IB analyst position at any bank is difficult to obtain...a bachelor's degree is just the tip of the iceberg...csc is a joke i do not know why they advertise that they look at people who only have csc, it will not get you anywhere in IB, you need top grades, extra curriculars, intern experience, and references.

If you have to ask at this stage of your undergrad career, it probably means that your chances are slim to none, and in no way am i trying to be offensive.

[rage2021]

Lol

[two_std_deviation]

i think he's laughing at the fact that you spelled two companies in your subject line wrong...

i'm kind of chuckling too ;)

I can only tell you about the experiences that I've heard from my friends...any IB analyst position at any bank is difficult to obtain...a bachelor's degree is just the tip of the iceberg...csc is a joke i do not know why they advertise that they look at people who only have csc, it will not get you anywhere in IB, you need top grades, extra curriculars, intern experience, and references.

If you have to ask at this stage of your undergrad career, it probably means that your chances are slim to none, and in no way am i trying to be offensive.

This is the correct crushing the dreams of someone who is getting into the game late response.

Anyway, if you go to Ivey or Rotman you may still have a chance with no internships, a very high GPA and a lot of networking, but in this market the chances are still slim.

I would suggest you work for two years in a corp finance job as a finance analyst in an industry you like and then got get your MBA (at a good school) and then transfer over to IB.

[julz269]

LOL i cant believe I spelled waterhose.. it was totally unintentional too.

anyway, i sort of figured my chances with IB was slim to none. How about the Investment Advisor for Nesbitt Burns? I assume that would be less competitive, plus I have 2 years experience as a Financial Consultant at a small company.

would it help at all if I go for my cfa level 1 before I apply?

[onetruguju]

financial advisor = glorified Primerica salesman!

[maniacshopper]

Training Programs (TD WaterHose, RBC Capitals, BMO Nessbitt Burns)

+1

To get into IB, you need to be in top ranked schools, top marks, amazing extracurricular activities, and decent work experience. It also doesn't hurt if you know someone higher up in those places already, say parent, aunt/uncle, it's called networks. Also if you're good looking, it'll help.

As shallow as it sounds, its the truth. If you can't handle it, you're not ready for the real world.

LOL, you said your misspellings were unintentional, but there may be some truth to them.

Toronto-Dominion Traders Probed Over Opti Rumors, Globe Says
http://www.bloomberg.com/apps/news?pid=20601082&sid=absYGAqjRqLA&refer=canada

btw BMO NB is now BMO CM just like RBC CM.
Nobody seems to want to work at CIBC WM these days eh?