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  • Writer's pictureJosh Rovner

Why National Bank for Investment Banking? / Overview of National Bank Financial Markets

If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course, which help thousands of candidates land top jobs every year.


National Bank Financial Markets is one of the top Canadian investment banks and is a member of the Big 6. National Bank of Canada, the parent company, has several divisions and operates as a full-service investment bank in Canada.

National Bank is the only major Canadian bank with headquarters outside of Toronto - it is based in Montreal, which contributes to its heavy deal flow in the province of Quebec and the Francophone presence within its workforce.

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 National Bank Financial 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.

Big 3 Qualitative Questions

Selected Transaction

National Bank works across all sectors. An example of National Bank's impact in the Infrastructure sector is when it advised a Special Committee of IBI Group on IBI Group's sale to Arcadis. Arcadis is a large-cap engineering firm based in Amsterdam, whereas IBI Group is a Toronto-based engineering firm.

  • Transaction Description: Arcadis NV acquired IBI Group (TSE:IBG) to develop new digital solutions and build a stronger client base in Canada.

  • Transaction Value: US$710M with debt

  • Transaction Date: Announced July 2022

  • Press Release

Fact Sheet

National Bank Financial Markets Logo

  • Company Name: National Bank Financial Markets (part of CIBC)

  • Description: National Bank Financial Markets is a Canadian financial services provider helping clients with their capital raising, risk management, and advisory requirements

  • Bank Category: Canadian bulge bracket

  • Ticker: TSE:NA

  • Founded: 2013 (for National Bank Financial Markets)

  • Employees: 500 (for National Bank Financial Markets)

  • Chief Executive Officer: Étienne Dubuc

  • Headquarters: Montreal, Canada


National Bank Financial Markets Glassdoor

National Bank Financial Markets Salary

Based on Glassdoor, the average base salary for an Investment Banking Analyst at National Bank is $95k. As National Bank does not have a U.S. presence, we note that this information is only reflective of Canadian salaries.


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