GCM- IMPACT Equity Research New Grad Program 2026

Scotiabank; Toronto; On-site; CAD 50,000 - 60,000; Full time

Job summary

A leading financial institution in Toronto is inviting applications for its GCM- IMPACT Equity Research New Grad Program 2026. This 12-month rotational program offers new graduates a chance to develop their financial forecasting and analysis skills while working alongside seasoned professionals. Candidates should possess an undergraduate or master's degree and have strong analytical and financial modeling skills. This program is a key stepping stone to a role as an Associate in equity research.

Qualifications

• Legally eligible to work in Canada.
• Undergraduate degree or Masters degree completed by August 2026.
• Available to start full-time work by February or August 2026.
• Completion of CFA Level 1 preferred.
• Outstanding achievements in academic and extracurricular activities.
• Excellent command of Microsoft Excel.

Responsibilities

• Perform comprehensive financial statement analysis.
• Conduct in-depth industry analysis and research.
• Assist in writing research publications.
• Prepare presentations for meetings with clients.
• Develop and maintain connections with investor relations teams.

Skills

Financial modeling

Analytical skills

Strong written communication skills

Strong verbal communication skills

Knowledge of capital markets

Microsoft Excel

Ability to perform under pressure

Project management

Education

Undergraduate degree or Masters degree

Tools

Microsoft Suite

Bloomberg

FactSet

Job description

Overview

Title: GCM- IMPACT Equity Research New Grad Program 2026

Requisition ID: 236167

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. We are committed to investing in our employees and helping you continue your career at Scotiabank.

Start Date: August 2026

Program Length: 12 months

Location: Canada, Ontario, Toronto

The Impact – Equity Research stream program is a 12-month new graduate rotational program that is a stepping-stone to becoming an Associate in our Equity Research business. Research Associates work closely with a seasoned Research Analyst to develop financial forecasts and publish research publications that allow our clients to make informed investment decisions. The program is designed to develop technical, analytical, and interpersonal skills in the Research function for individuals passionate about capital markets and research.

Rotations

During the program, Research Associates have an opportunity to develop relationships with the equity sales desk and institutional and corporate clients, sector expertise, strong financial modelling and valuation skills, and an understanding of capital markets. Participants rotate through four different sector teams, gaining exposure to different valuation methodologies and management styles within each sector.

Classroom

The Capital Ideas Program orients participants to our culture, people, products and services and provides the soft and technical skills, and contacts critical for success. From day one, Associates work with peers to expand their global network. Team projects, individual study and social activities supplement classroom discussions. This component is dependent on the candidate’s start date.

Feedback

Ongoing feedback is provided from a Mentor and Supervisor as part of the learning process.

Placement

The aim of the program is to place participants within an Equity Research sector team towards the end of the final rotation.

Requirements

• Are legally eligible at the time of application to work in Canada
• An Undergraduate degree or Masters degree completed between December 2025 to August 2026 (MBA or Masters of Finance degree is preferred)
• Are available to start full-time work by either February 2026 or August 2026
• Completion of CFA Level 1 is preferred
• A proven record of outstanding achievement in academic and extracurricular activities
• Strong accounting, financial modeling, graphing, and analytical skills
• Excellent command of Microsoft Suite, with an emphasis on Excel
• Strong written and verbal communication skills
• A demonstrated interest and knowledge of the capital markets
• Ability to perform under pressure and meet tight deadlines
• Ability to manage multiple projects simultaneously while maintaining a high standard of work
• A high level of energy and a keen desire to learn
• Experience using Bloomberg and FactSet is an asset

Responsibilities

• Perform comprehensive financial statement analysis and create and maintain financial models
• Conduct in-depth industry analysis and research using industry and financial sources
• Collect, consolidate, and interpret company and industry data
• Assist in writing research publications, including morning commentary, company and industry reports, and theme-based research reports
• Follow overall market news and evaluate market data to assess short and long-term trends
• Prepare presentations for meetings with internal and external clients
• Handle enquiries from institutional investors
• Develop and maintain connections with investor relations teams at companies under coverage group
• Liaise with sales, trading, and other areas of the firm within regulatory guidelines

How to apply

1. Apply to the role and upload your resume and full academic transcript to the resume section
2. Complete a one-way video interview

To be considered for student opportunities at Scotiabank, Tangerine, and MD Financial you must complete the steps above.

Scotiabank is a leading bank in the Americas. If you require accommodation during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest; however, only those selected for an interview will be contacted.