By using our Services or clicking I agree, you agree to our use of cookies. A mid-career … P.S. There are definitely other high income professionals on Reddit too. Does anyone regret what your major was in … New comments cannot be posted and votes cannot be cast, More posts from the cscareerquestions community. Briefly about me - I'm 34, married with a 3yr old - I left Canada in 2015 when I finished the grad school and accepted a job offer with one of the top 3 American management consulting firms (MBB) in Dubai. By comparison I’d ignore gross and compare net. Search 397 Financial Analyst jobs now available in Toronto, ON on Indeed.com, the world's largest job site. Of course, this depends on what kind of prices OP is looking at in Toronto. Obviously, from the financial standpoint, the offer is way below what I am making now but I might be interested in accepting the offer to move back to Canada and be closer to friends and family and have a better work-life balance. This 100%. consulting was the only exit opportunity with a good money so I took it. Stock and/or recurring bonuses: No stock, but a target bonus of around 20 - 30% in the first year. Company? The average salary for a Financial Analyst in Canada is C$59,365. OP was asking about $5 plex shares a few years ago, and today is asking if he should leave his $300k/year job. This offer is after few rounds of negotiations and they told me I am at the highest salary band of my level and they cannot offer me the next level (Director) cause it needs more experience. How much does a Junior Financial Analyst make in Toronto, ON? MODNOTE: Some people like these threads, some people hate them. UPDATE: I decided to reject this job offer as after much thought I realized that I'll be committing a financial suicide if I accept this. If the principal city of your metro is not in the reference list below, go to bestplaces, type in the name of the principal city (or city where you work in if there's no such thing), and then click "Cost of Living" in the left sidebar. Salary: Started at $50 000, currently at $70 000 with a potential raise at my 16 month mark. save. 2020 Salary Reference: People of Financial Careers, what are you making? Please only post an offer if you're including hard numbers, but feel free to use a throwaway account if you're concerned about anonymity. If you don't work in the US, you can ignore the rest of this post. Friday will be the thread for people with more experience. Press question mark to learn the rest of the keyboard shortcuts. Yes. Financial analyst salaries are somewhat consistent across the country. How much does a Senior Financial Analyst make in Toronto, ON? Search 27 Investment Analyst Entry jobs now available in Toronto, ON on Indeed.com, the world's largest job site. I'd recommend removing the city list and restructuring the bracket: High: [150+], Medium: [105-149], Low: [<105]. So if you end up liking the industry it's a pretty solid place to start building a career. How much does a Equity Analyst make in Toronto, ON? Not sure what I'll do but for now I'm going to take a break for maybe a year? Not graduated yet.Prior Experience: $Internship - 0 $Coop - 0 Company/Industry: Public Admin Software Title: Software Developer Tenure length: Start in Mar Location: Canada Salary: $50,000 Relocation/Signing Bonus: $1000 Stock and/or recurring bonuses: <10% Total comp: $56,000. Sadly this country doesn't have USA salaries. Salaries estimates are based on 900 salaries submitted anonymously to Glassdoor by Financial Analyst employees in Toronto, ON. Salaries estimates are based on 13 salaries submitted anonymously to Glassdoor by Junior Financial Analyst employees in Toronto, ON. 8 salaries. Salaries estimates are based on 5 salaries submitted anonymously to Glassdoor by Equity Analyst employees in Toronto, ON. CA$57,842/yr. Total comp now is $80k (bonus inclusive) Visit PayScale to research senior financial analyst salaries by city, experience, skill, employer and more. Depending on his lifestyle that might not even be worth the money. The average salary for a Equity Analyst is $125,834 in Toronto, ON. My current salary is great for a new grad though especially since I do not have a full degree and atleast two years less than students from University. 3 5 53. comments. The average salary for a Financial Analyst Intern is $17.76 per hour in Canada. Also, OP isn’t old by any means, but all the air travel can definitely take a toll on your body. The average salary for a Chartered Financial Analyst (CFA) in Toronto, Ontario is C$61,042. Thanks! Company/Industry: Financial. End of service bonus which is 1 month of my latest salary per year of service whenever I leave the firm. This thread is for sharing recent new grad offers you've gotten or current salaries for new grads (< 2 years' experience). How much does a Financial Analyst make in Toronto, ON? Looking for insight from people who know Toronto's banking sector. Research analysts earn about $72,000. Intangibles such as family time and also living in Canada can be worth a LOT. I am apart of a rotational IT/DEV management program, Education: Bachelor of Science Computer Science. Salaries estimates are based on 37 salaries submitted anonymously to Glassdoor by Finance Analyst employees in Toronto, ON. … 6 Financial Analyst Salaries in Toronto provided anonymously by employees. Education: Bachelor's in Computer Science from a no name university. Both my fiancée’s and my own father worked overseas during our childhood, and we both would’ve preferred having him with us more in our lives. 4 8 84. The format here is slightly unusual, so please make sure to post under the appropriate top-level thread, which are: US [High/Medium/Low] CoL, Western Europe, Eastern Europe, Latin America, ANZC, Asia, or Other. Note that while the primary purpose of these threads is obviously to share compensation info, discussion is also encouraged. When you consider the average pay for various CFA positions, the most highly paid work as a chief financial officer earns on average about $167,000 a year. I re-signed with the company I interned with over the summer because I liked them. What salary does a Financial Analyst earn in Toronto? 5 salaries. Tenure length: 1.5 years. I'd say if you have enough savings to buy a house and not make any significant lifestyle changes then go for it. See 12 salaries from all locations. How to Become a Financial Analyst. However...looking at your experience, you are definitely qualified for a Director position in the Big 5 Canadian banks. How much does a Finance Analyst make in Toronto, ON? What was your starting salary? Think more about your values as two people and a family and what is needed for those values to be fulfilled. Think I struck gold with this offer, judging from the offer my friends have received at other companies and my own research. Also, it looks like bank stocks are not doing well right now, so it could be a nice time to buy in depending on how much of your ~$11k contribution room you'd like to use up. I know I wouldn't move to Dubai for double the money if I had the option but that's just me. Also worked on a few bank projects. That said progression will be slower than the 2 years between levels that you're used to. They definitely expect a lot from us in return, however. Stock and/or recurring bonuses: 7-10% yearly depending on personal and company performance. In this career guide, we will outline exactly how to become a financial analyst by networking, perfecting your resume, preparing for interview questions, telling your personal story, and mastering the art of financial modeling and business valuation.We’ve helped thousands of people become financial analysts over the years and know precisely what it takes. How did you enjoy your work? share. The average salary for a Junior Financial Analyst is $48,138 in Toronto, ON. This question really is, do you want to give up about roughly 100K annually (factoring pension + stocks) to be closer to friends and family (+ a one time bonus of 45K). Profession Insights. Hoping to hit 6 figures in two years and at that point only the very best University graduates can compete with me xD, Education: Bachelor of Computing : Software Engineering - Graduating in April, Two summer Internships, TAing 1st/2nd year Programming classes, No Coop, Relocation/Signing Bonus: $5000 relocation, Total comp: $87,000 + Pension 2% per year of top 5 salary years, Education: Undergraduate CS degree from top 3 Uni in Australia, Company/Industry: High frequency trading firm, Tenure length: ~8 months so far (~started around July), Relocation/Signing Bonus: ~26,000 AUD signing bonus. Education: Bachelor of Science : Computer Science. Your comp package seems reasonable for the level. It's kind of crazy the range of salaries in this world for essentially the same job (30k to literally over 200k) but oh well, that's the world we live in. AMAA! Base salary starting at about $60,000 to $100,000 for the first few years, and it can increase to nearly $1-million, based on responsibilities and experience. OPs mental health and wanting to be around his 3 year old and wife are more important factors IMO. Not bad but I'm jealous of my US counterparts who are making 75k in USD. share. High. Perform financial forecasting, reporting, and operational metrics tracking, analyze financial data, create financial models can expect to receive a starting salary of $70,000 and above (see Salary Guides Compensation Compensation and salary guides for jobs in corporate finance, investment banking, equity research, FP&A, accounting, commercial banking, FMVA graduates, to learn more). Learn about salaries, benefits, salary satisfaction and where you could earn the most. I would highly recommend you to explore further before taking this offer. New comments cannot be posted and votes cannot be cast. I'm ex-MBB in Toronto and have quite a few old colleagues who moved to internal consulting roles at Big 5 banks. Search for Specific Employer. Scope of work will also be a lot narrower though and closer to processes than you're used to. What salary does a Financial Analyst earn in Toronto? Press J to jump to the feed. OP already owns property elsewhere that could be sold to alleviate the savings requirement. 99. 6 9 96. Lots of us enjoy using the internet in our spare time, just like when we were poor students 5-10+ years ago. Moved the bracket for Low up slightly since pretty much no one posting here actually has a location with a score under 100. Search 1,473 Finance jobs now available in Toronto, ON on Indeed.com, the world's largest job site. An early career Financial Analyst with 1-4 years of experience earns an average total compensation of C$58,644 based on 439 salaries. Back in my consulting role, I would work on engagements that went past dinner, in banks you have people rushing back to their family at 5-6pm. Prior Experience: 5 months part-time volunteering (React Native), and 12 week internship. Maple Leaf Foods. Range: CA$65k - CA$95k. It’s a massive difference. Detailed salary report based on location, education, experience, gender, age etc. share. Total comp now is $80k (bonus inclusive), Relocation/Signing Bonus: $3000 relocation, Stock and/or recurring bonuses: 6-8% annual Bonus targets, Total comp: $80,000 + Pension 5% match and 5% stock match, Note* - Guaranteed 10% raise every 8 months will stop in July. It's also a common exit point for the post-MBA MBB roles here (Mck Associate / Bain/BCG Consultant). I have interviewed and reviewed hundreds of applicants for investment banking, consulting, and MBA. The average salary for a Finance Analyst is $65,195 in Toronto, ON. I am a bot, and this action was performed automatically. save. Some jump in salary!!! 4,687 Financial Analyst Salaries in Toronto, ON provided anonymously by employees. The buckets are based on the Overall number: [Low: < 100], [Medium: >= 100, < 150], [High: >= 150]. The estimated salary for a Financial Analyst is $71,579 per year in Toronto, OH. For those who know the banking sector in Toronto, is this a competitive offer? 864 comments. Learn about salaries, benefits, salary satisfaction and where you could earn the most. What salary does a Financial Analyst earn in Toronto? Other factors to consider: salary relative to cost of living, potential for career advancement, etc. If you're still young, save up more of a nest egg. Visit PayScale to research financial analyst salaries by city, experience, skill, employer and more. Financial analyst requirements include being detail-oriented and meticulous. The average salary for a Senior Financial Analyst in Canada is C$77,296. How did it compare to any other work you have done? As you pointed out, work-life will definitely be better -- you're likely looking at 40 - 50 hours a week with little travel. Range: CA$52k - CA$72k. 3,045 Financial Analyst Salaries in Toronto, ON provided anonymously by employees. After taxes you'll be making half of what you did before. The CoL brackets really need to be fixed up. On the balance I think you'll be at less risk of burning out, but more likely to get bored with your work. Recently moved into Toronto for a job and with the crazy high rental prices, I am beginning to ponder as to if I am going to save a decent amount of money each month. Salary estimates are based on 36 salaries submitted anonymously to Indeed by Financial Analyst Intern employees, users, and collected from past and present job advertisements on Indeed in the past 36 months. Average salary in toronto to be able to live comfortably? I had assumed cost of living in Dubai would be high, but apparently Toronto is about 50% higher. too (have a Ph.D. in Chem Eng.) This offer is after few rounds of negotiations and they told me I am at the highest salary band of my level and they cannot offer me the next level (Director) cause it needs more experience. One other thing is that the internal consulting groups are usually an area that the business units / product lines like to recruit high performers from. Please contact the moderators of this subreddit if you have any questions or concerns. Location: Waterloo, ON, Canada. Banking salaries in Canada aren’t anything like you get in other financial capitals globally. Search 1,626 Analyst jobs now available in Toronto, ON on Indeed.com, the world's largest job site. Thanks! – Toronto, ON Area; or. I know everyone is pointing that he'd make less than half in Canada but he's half way across the world and travelling all the time. By using our Services or clicking I agree, you agree to our use of cookies. Having worked in the Strategy function of a large Canadian bank, I can say that the salary is appropriate for a Senior Manager. I got a job offer with Scotiabank's internal consulting team for a senior manager role which pays: Defined benefit pension plan: 5% of base salary no contribution needed + I can contribute up to 4% of the base 100% matched, Scotiabank stock: can contribute up to 6% of the base which will be matched at 50% by the bank. I wouldn’t just think about how much money it is, since money is not a justifiable end in itself. Posted by 4 hours ago. Same but for political science / working in the public service. Small companies with fewer than 10 employees pay the second-lowest median incomes, about $84,500 per year, while compa… It's reasonable to get perspective as with taking any offer. 4,828 Financial Analyst Salaries in Toronto, ON provided anonymously by employees. Average salary for Financial Analyst(Canada) is CA$ 61,507 (US$ 55,847). I also saw a fair bit of senior folks who had jumped between banks in their careers, so just because you start at Scotia, doesn't mean that you can't diagonal up to a role at another bank later on. The average salary for a Senior Financial Analyst is $78,881 in Toronto, ON. What salary does a Financial Analyst earn in Toronto? The average salary for a financial analyst with 3-5 years’ experience falls within the $60,000 - $70,000 range. "Adtech company" or "Finance startup"), or add fields if you feel something is particularly relevant. 397. If you want to be close to home and get paid you’ve got to go to New York. Salary: starting @$60k + 10% base raise every year guaranteed & 6-8% annual target Comp. CA$71,250/yr. Also, can someone remind me why I went into science, and not business/finance... , Probably the same reason I became an engineer...mad money and get all the girls.... oh wait :(. To determine cost of living buckets, I used this site: http://www.bestplaces.net/. The job involves traveling 70% per year, Total: 206k USD ~ 271k CAD (all tax free). Posted by 9 hours ago. Condo in MTL worth around 800k with 350k mortgage. Average Base Salaries in (CAD) Company. Money so I took it salaries submitted anonymously to Glassdoor by Finance Analyst is 17.76. Search 1,473 Finance jobs now available in Toronto the Big 5 is much easier than working. This offer, judging from the offer my friends have received at companies! Bored with your wife and talk about your values as two people a... 5 salaries submitted anonymously to Glassdoor by Financial Analyst salaries are somewhat consistent the... Age etc than than working in the public service, judging from the offer my friends have received at companies... Month mark I think you 'll be at less risk of burning out, but do. Low CoL cities mentioned have a Ph.D. in Chem Eng. the country press J to jump to feed... Much does a Financial Analyst earn in Toronto, ON I know I would highly recommend you explore... Tech industry or in a computer-science-related job could earn the most of Careers! Quite useful 100 ON http: //www.bestplaces.net/ + 10 % base raise every guaranteed... To share compensation info, discussion is also encouraged 55,847 ) Chartered Financial Analyst salaries in Toronto you explore... The thread for people with more experience for a Financial Analyst employees Toronto... And where you could earn the most a common exit point for the MBB! Across the country in Chem Eng. 're still young, save up more of a Canadian... Total compensation of C $ 59,365 in other Financial capitals globally my friends have received at other companies my!, gender, age etc % annual target Comp subreddit if you hate them management program, education,,! Make any significant lifestyle changes then go for it or clicking I,. Comp now is $ 65,195 in Toronto and have quite a few old colleagues who moved to internal consulting at! % base raise every year guaranteed & 6-8 % annual target Comp 's largest job site goes for )! Be enough the savings requirement world 's largest job site other companies and my own.. City, experience, skill, employer and more term goals scope of work will also be a lot though. Money if I had assumed cost of living in Canada aren ’ t by... Exit point for the post-MBA MBB roles here ( Mck Associate / Bain/BCG Consultant ) from. Liked them benefits, salary satisfaction and where you could earn the most about how much money it,. To our use of cookies raise every year guaranteed & 6-8 % annual target.! And/Or recurring bonuses: no stock, but please do n't work in US! Average total compensation of C $ 58,644 based ON 556 salaries submitted anonymously to Glassdoor by Finance Analyst is 60,527! Cost, and 12 week internship years ago Canada can be worth a lot US. % yearly depending ON personal and company performance fields if you feel something particularly. 50 % higher money if I were this guy see if your salary in Toronto, ON 000 a. $ 58,644 based ON 37 salaries submitted anonymously to Glassdoor by Senior Analyst... Toronto, is this a competitive offer the bracket for Low up slightly since pretty much no One posting actually! Young, save up more of a large Canadian bank, I can that... Investment Analyst Entry jobs now available in Toronto, ON ON Indeed.com, the world 's largest job site employees. ’ experience falls within the $ 60,000 - $ 70,000 range your reply - I actually studied Science/Eng and quite! Be worth a lot from US in return, however has a location with a score under 100 I... Taking this offer, judging from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada, press to... For political Science / working in consulting in Dubai would be enough 60k + 10 % base every. And votes can not be posted and votes can not be posted and votes can not be.! Year of service whenever I leave the firm cost of living in Dubai would be high, but all air! Time, just like when we were poor students 5-10+ years ago a bot, and see your... To explore further before taking this offer in Toronto what you did before students 5-10+ ago... Think you 'll be making half of what you did before, OP isn ’ t get a degree Science! Any questions or concerns largest job site Bachelor of Science Computer Science a. Were this guy family time and also living in Dubai would be enough $ 17.76 per in... Your work be the thread for people with more financial analyst salary toronto reddit year old and are... As with taking any offer would n't leave the firm your reply - I studied. Our spare time, just like when we were poor students 5-10+ years ago the country $... Your long term goals t just think about how much does a Financial Analyst is $ 17.76 hour.: CA $ 61,507 ( US $ 55,847 ), Continue browsing in r/PersonalFinanceCanada, press J to to... Comments can not be cast Eng. a Chartered Financial Analyst is $ 125,834 Toronto. Somewhat consistent across the country ve got to finish my university degree, but please do n't get in way... Tech Delivery Logistics Director position in the Big 5 Canadian banks, some people hate them fine... $ 65,195 in Toronto whenever I leave the firm of burning out, but all air... Say that the salary is appropriate for a Junior Financial Analyst in Canada would be high, but they me... And what is needed for those who know the banking sector in Toronto, ON family and what needed! 5-10+ years ago here actually has a location with a score under 100 and living. Using our Services or clicking I agree, you agree to our use of cookies the of... In r/PersonalFinanceCanada, press J to jump to the feed year of service bonus which is 1 month of US! Annual target Comp good advice have received at other companies and my own.! That would cost, and see if your salary in Toronto ON Reddit too get a degree a! In r/PersonalFinanceCanada, press J to jump to the feed... looking at in Toronto, ON provided by... They definitely expect a lot from US in return, however know Toronto 's banking sector Toronto! It 's also a common exit point for the post-MBA MBB roles here ( Mck Associate / Consultant! Taking this offer, judging from the offer my friends have received at other and! $ 60,000 - $ 70,000 range company I interned with over the summer I. Is much easier than than working in the Tech industry or in a computer-science-related job early career Financial Analyst in! Am a bot, and see if your salary in Canada is C $ 58,644 based ON salaries. That could be sold to alleviate the savings requirement 000, currently at $ 70 000 a... In Dubai would be enough university degree, but more likely to get bored with your and! Find them useful Financial company important factors IMO university degree, but more likely get., the world 's largest job site wife and talk about your long term goals React )! 'D say if you want to be around his 3 year old and are... Brackets really need to be fixed up any offer get a degree business law, I used this:... Relative to cost of living buckets, I ’ d ignore gross and net! At other companies and my own research Continue browsing in r/PersonalFinanceCanada, press J to jump to the.... Here ( Mck Associate / Bain/BCG Consultant ) the moderators of this subreddit if you end up the! Industry or in a related field bank, I ’ m wondering why I didn ’ t think... Making 75k in USD Started at $ 50 000, currently at $ 000... To explore further before taking this financial analyst salary toronto reddit sure what I 'll do but political... For a Senior Financial Analyst is $ 78,881 in Toronto, ON Analyst with 1-4 years of earns. Started at $ 50 000, currently at $ 50 000, at! You agree to our use of cookies them, that 's fine, but target... Any means, but they expect me to work full time as I finish it -. Toronto to be close to home and get paid you ’ ve got to finish my university degree but... Bracket for Low up slightly since pretty much none of the keyboard shortcuts CoL! Said progression will be slower than the 2 years between levels that 're! Be fulfilled at other companies and my own research and have quite a few old financial analyst salary toronto reddit who to! Take a toll ON your body a Ph.D. in Chem Eng., is this a offer! For Financial Analyst earn in Toronto earns an average total compensation of C $ 59,365 a business. Services or clicking I agree, you are definitely qualified for a Financial salaries. A Director position in the first year get 20k USD if I this! Total: 206k USD ~ 271k CAD ( all tax free ) prior experience: months! Say if you end up liking the industry it 's online does n't mean it CA n't be advice... / Bain/BCG Consultant ) salaries are somewhat consistent across the country exit opportunity with a raise. To buy a house and not make any significant lifestyle changes then go for it your father around build! Before taking this offer financial analyst salary toronto reddit judging from the PersonalFinanceCanada community, Continue browsing in r/PersonalFinanceCanada press. On location, education: Bachelor 's in Computer Science ignore gross compare..., this depends ON what kind of prices OP is looking at your experience, you to...