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Capital Markets

(Investment Banking, Sales & Trading, Corporate Banking, Equity Research)

General Requirements

  • GPA is typically an important initial selection criteria for Capital Markets (sometimes may also be asked for academic record through undergrads)
  • Prior experience in a financial institution and/or specific industry is an asset
  • Knowledge of financial sector, main business activities of financial institutions and ability to keep abreast of changing accounting, legal and regulatory landscape
  • Interpersonal skills and developed relationship management skills in assisting internal groups and corporate clients
  • Highly effective communicator with the ability to influence at all levels especially senior management and corporate clients
  • Ability to make decisions and appropriate recommendations to senior management & effectively support recommendations

Skills required

  • Strong problem solving and analytical capabilities
  • Excellent verbal and written communication skills – ability to take large amounts of data and to synthesize in a short/concise report
  • Ability to handle multiple priorities, tight deadlines and excel under pressure in response to changing market conditions
  • Attention to detail, maintaining a high standard of work
  • Ambitious, highly intelligent, motivated, and confident
  • Financial modeling experience
  • Additional language skills ex: French or Spanish can be an asset, depending on the FI
  • Chartered Financial Analyst (CFA) charter holder (or in process)
  • Canadian Securities Course (CSC) is recommended
  • Canadian Securities Institute (CSI) –courses including the Conduct and Practices Handbook (CPH)
  • GPA is important (Graduate and Undergraduate academic performance)
  • Willingness to work across time zone and long hours outside of the 9am-5pm work schedule

Type of Jobs

Corporate Banking

Corporate Banking is usually responsible for origination, structuring, syndicating, and managing investment and non-investment credit related products for corporate clients.

  • Credit Analyst
  • Corporate Credit Associate
  • Credit Manager

 

Equity Research

  • Equity Research Associate
  • Similar jobs exist for the Fixed Income and Alternative Product asset classes Managed Investments
  • Managed Investments 

 

Investment Banking

  • Investment Banking Associate

 

Sales & Trading

Some financial institutions has this role as part of a rotational program in capital markets so research on each financial institution is highly recommended:

  • Sales & Trading Associate
  • Capital Markets Rotation Program

Technical Preparation/Knowledge Building

  • Rotman Curriculum (see Rotman Electives Guide)
  • Follow the markets daily by reading the newspaper (Globe & Mail) & financial magazines
  • Applications – VBA, C++, Bloomberg Terminal, Reuters
  • Research report writing

Internal Resources

  • Excel Skills – Financial Modeling & Data Manipulation (offered through RO)
  • Technical Interview Preparation (offered through the Career Services)
  • Milt Harris Library > Career Guides 
  • Milt Harris Library > Research and Databases > Databases by Subject
  • Stock Pitches and Competitions (RFA Stock Pitch, RAMA Equity Research, RAMA Portfolio Management)
  • Attend industry and student club related events to gain further understanding of the industry

External Resources