Internia

Mathematical FinanceInterview Experiences

TD Securities

Sales & Trading Analyst

Toronto, ON· Fall 2025

No Offer

University of Waterloo · Mathematical Finance

3rd year · 3.3-3.6 GPA · 1 past internship

Hard Interview

TechnicalVirtual

Fumbled a yield curve question pretty bad. Started with a recruiter phone call, then a zoom with a rates trader who asked me to price a bond after a rate move and pitch a macro trade

Questions Asked

  1. 1.“What are the three main valuation methodologies and when would you use each?”
  2. 2.“Why do companies merge or acquire others? What are common strategic rationales?”

CIBC

Financial Analyst

Toronto, ON· Summer 2026

Accepted

University of Waterloo · Mathematical Finance

4th year · 3.3-3.6 GPA · 2 past internships

Hard Interview

TechnicalCase studyMultiple rounds

Had a Hirevue with like 8 questions, a lot of stress, then three 30 minute interviews in a row so you need a bunch of different stories ready. They asked what I knew about CIBC in the news too so do your research beforehand.

Questions Asked

  1. 1.“What do you know about CIBC that made you apply?”
  2. 2.“How do you approach reconciling data from two different financial systems?”

RBC Capital Markets

Sales & Trading Analyst

Toronto, ON· Winter 2026

No Offer

University of Waterloo · Mathematical Finance

3rd year · 3.3-3.6 GPA · 1 past internship

Hard Interview

TechnicalUnexpected QuestionsVirtual

Blanked on a brainteaser and that was that. Recruiter call then zoom with a trader, markets questions were fine

Questions Asked

  1. 1.“What is EBITDA and why do investment bankers use it?”
  2. 2.“If depreciation increases by $10 how does that flow through all three financial statements?”

TD

Risk Analyst

Kitchener, ON· Fall 2025

Declined Offer

University of Waterloo · Mathematical Finance

4th year · 3.3-3.6 GPA · 2 past internships

Average Interview

BehavioralMultiple rounds

The 160 question personality test they make you do before anything else even happens is wild, then had an HR chat and an interview with a floor manager and credit manager together. Questions about emerging trends in banking and whether I see compliance as a long term career, felt like they were testing if I'd stick around

Questions Asked

  1. 1.“Describe a time you had to balance risk management with business growth objectives”
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