The BreakingBayStreet Podcast

BBS Episode 7: Investment Banking & Being an Entrepreneur

On this week’s episode, I talk to my business partner Jay and we talk about what it was like to work in investment banking and how working as a banker helped prepare him to be an entrepreneur. He also gives some inside tips from his time as working as a school captain at Scotia for people wanting to break into the industry. Also if you are a second or third year analyst currently working in investment banking Jay says what you need to be doing to get promoted.

In This Episode You Will Learn

  • How does the interview and recruitment process work at the Canadian banks
  • What are the interviewers thinking before they interview you
  • What are the most interesting parts of working in investment banking
  • How to propel your career forward if you are a second or third year analyst currently in an investment bank
  • What Jay did to be so successful in his career at Scotia
  • How to set yourself up for success if you are thinking about leaving banking to become an entrepreneur
  • The skills investment banking teaches that help to be an entrepreneur

BBS Episode 6: Poker & Trading

On this week’s episode, I talk to TP who works as an equity trader at one of Canada’s largest banks. TP talks to us about how he found his way to trading after initially thinking he was going to be a professional poker player. He gives an amazing analogy about how the skills that make you successful as a poker player are similar to the skills you need to be successful in trading.

In This Episode You Will Learn

  • What you need to do to make yourself standout in the recruitment process
  • The skills that are needed by a junior employee on a sales & trading desk
  • How you can build upon your skills while helping others out
  • That beyond grades in school, you need to know how to use your spare time effectively to get ahead in the career you are interested in

BBS Episode 5: Check Your Ego at the Door

On this week’s episode, I talk to Brandon. Brandon talks to us how he was able to overcome zero finance experience, after pursing a career as a professional cyclist and than working for cycling company in Italy to a job on Bay Street. It was no easy task it took him an unpaid internship, additional schooling and over 4 years to break into the industry. Brandon proves that anything can be done with the right plan and determination.

In This Episode You Will Learn

  • What it takes to land a job in finance
  • How an unconventional strategy pays off
  • How you need to view sacrifice to make things happen
  • That it is never to late to go after what you want

BBS Episode 4: Corporate Credit & How Traveling Can Help Your Career

On this week’s episode, I talk to Max. Max has spent the last 5 years working in corporate credit in Toronto and is moving to Asia in the new year for a new role at his current firm. Max talks to me about his perspective on using the CFA as a tool to get your foot in the door, what working in corporate credit is like and how traveling the world has made him more successful in his role.

In This Episode You Will Learn

  • What it’s like to work in corporate credit and what the lifestyle is like
  • How corporate credit evaluates at a company’s risk profile
  • The transaction based environment of working in corporate credit
  • What the biggest misconception about working in corporate credit is
  • How people should view the CFA as a tool to break into the industry
  • How Max has used traveling to help him be more successful in his current role
  • How trying new things helps you grow as a person and in your career

BBS Episode 3: What is it Like to Work in a Private Equity Fund

On this week’s episode, I talk to John, who works as a Senior Associate for a Private Equity Fund in Toronto. John talks to me about what the day in the life looks like working in a Private Equity Fund and what PE Funds look for in potential investments. He gives his insights into the importance of financial modelling in PE and what someone needs to do to break into the industry.

In This Episode You Will Learn

  • How to make the move from accounting to investment banking
  • What makes a good PE investment and how PE Funds pick investments
  • The differences between financial modelling in investment banking vs. private equity and hedge funds
  • What a PE interview is like and what you need to know to ace your interviews
  • What the lifestyle is like working in PE
  • How to break into PE from IB
  • The level of detail and the amount of analysis that goes into PE modelling

BBS Episode 2: Learn How to Pitch a Stock Like a Pro

On this week’s episode, I talk to Ryan, who worked as an investment banker in both in Toronto and London, England before switching to the buy side, working for a hedge fund in Canada. Ryan gives his perspective on how to get a job in an international bulge bracket bank, and things get really interesting when Ryan decides to pitch us a stock.

In This Episode You Will Learn

  • How to break into an international investment bank
  • The differences between working as an analyst in a Canadian Bank vs. an International Bank
  • What work juniors actually do at a hedge fund
  • How hard it is and what you can do to break into a hedge fund in Canada
  • How to pitch a stock like a pro
  • What kind of detail and the amount of analysis you need to make a great stock pick
  • What Ryan wishes he knew in his undergrad that would of made him more successful early in his career

BBS Episode 1: Networking and Approaching Your Career Like an Athlete

On this episode, I talk to a VP in Corporate Banking who works at one of Canada's Big five banks. He offers up his thoughts on what has helped make him successful in his career and the importance of relationships in your career. He explains how to conquer your nerves when meeting people for the first time and the key to giving back when networking.

In This Episode You Will Learn:

  • What is receivable financing and the purpose it serves for both the bank and its clients
  • How banks view the risks associated with receivable financings
  • Why internships are so important when it comes to starting a career in finance
  • The skills everyone needs to be more successful in relationship building
  • Why you need to use your past experiences to help you stand out in your current role
  • The importance of establishing relationships within your firm especially during a summer internship
  • Why to approach your career with the mindset and discipline of an athlete
  • How you can leverage your background in sports to help you excel in your career