Why CIBC Capital Markets for Investment Banking? / Overview of CIBC Capital Markets
CIBC Capital Markets is one of the top Canadian investment banks and is part of the Canadian Big 6. Canadian Imperial Bank of Commerce, the parent company, has several divisions and operates as a full-service investment bank in Canada.
Of note, CIBC was the #1 underwriter of Canadian IPOs from 2000 through 2020, according to data from Bloomberg's Canada Equity IPO League Table.
Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with CIBC Capital Markets, you should make sure you know:
1 deal that the investment banking group has done
1 person at the firm (ideally someone who would have influence over your recruiting process)
1 business model-specific detail to mention
We articulate how you can answer this question thoughtfully in our Investment Banking Course. We also cover all technical and qualitative information you need to get a top investment banking offer.
An example of a CIBC Capital Markets transaction was when it advised Bison Oil & Gas Parrtners II on its sale to Civitas Resources. Civitas Resources is a carbon-neutral natural resource exploration firm.
Transaction Description: Civitas Resources Inc. (NYSE:CM) acquired Bison Oil & Gas II Ltd. to become a leader in Colorado oil and gas production.
Transaction Value: US$300M, all cash
Transaction Date: Closed March 2022
Company Name: CIBC Capital Markets (part of CIBC)
Description: CIBC Capital Markets is a leading global provider of M&A advisory, debt and equity financing, corporate banking, trading, hedging, and research
Bank Category: Canadian bulge bracket
Ticker: NYSE:CM and TSE:CM
Founded: 2020 (for CIBC Capital Markets)
Chief Executive Officer: Harry Culham
Headquarters: Toronto, Canada
Based on the H1B Database, the average base salary for an Investment Banking Analyst at CIBC is $80k - $90k. We note that this salary information may be dated and not reflective of their current pay.