DOCSLIB.ORG

Ivey Business School MESSAGE from the EXECUTIVE DIRECTOR

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Ivey Business School MESSAGE from the EXECUTIVE DIRECTOR HBA 2017 EMPLOYMENT REPORT Ivey Business School MESSAGE FROM THE EXECUTIVE DIRECTOR Congratulations to the Ivey HBA classes of 2017 and 2018! HBA BY THE This year was another successful year for our Class graduates as they achieved 94% placement NUMBERS of 2017 across a variety of industries, functions, geographies and organizations. Ivey HBA graduates continue to be attracted to the Consulting and Financial Services sectors and placement in these two industries remains strong, accounting for over half of the graduates from the Class of 2017. Ivey students continue to seek an increasingly diverse range of opportunities, based the perception or belief that they can make an impact quickly within these organizations. As a result, placement in other industries including Information Technology, Accounting, Consumer Packaged Goods, Telecommunications and 94% Hospitality Services remain somewhat consistent. Of those seeking, received an offer by September 30, based on a 95% reporting rate Summer employment offers our students great opportunities to Of those seeking, 95% received an offer by put their first year of HBA into action and explore a new function or December 1, based on a 96% reporting rate industry. For the Class of 2018 seeking summer internships, a full 95 percent of the class received at least one job offer. As internships continue to be valuable for companies to assess a students fit for full-time employment after graduation, this past year, 33% of the graduating class of 2017, translated their summer employment opportunity to a full-time role with the same organization. This year’s graduating class is typical in terms of where their careers $ are beginning, and indicative of a strong start to what promises to be a progressive and diverse leadership track. 68,873 As always, our active network of more than 25,000 alumni and over Average salary (includes: base salary, signing 460 corporate partners played a central role in our students’ success. bonus, and other guaranteed compensation) This report would not be possible without the organizations and alumni who not only trust us with their recruitment efforts, but share market insights that help drive our students’ success. Thank you to them for their support and confidence in Ivey talent – we look forward to another great year ahead. of students Sincerely, accepted a full- time offer from their previous summer employer Sharon Irwin-Foulon 33% Executive Director, Career Management and Corporate Recruiting Ivey Business School Page 2 Ivey Business School | ivey.ca CLASS OF 2017 AT A GLANCE Demographics 616 40% 5% 20% 3 26 78% Total Students Percent Percent Non- Pursue Dual Months to 94% Industries where School-Facilitated in Class Women Canadian* Degrees Employment graduates work Job Offers *as defined by Citizenship Citizenship by Geography Canada (95%) Other includes: Bangladesh, India, Pakistan China (4%) Other (1%) Distribution of n Financial Institution (33%) Distribution of n Financial Services (30%) Industries where HBA Industries of our 28,000 Class of 2017 is going n Consulting (20%) alumni worldwide n Consulting (13%) n Accounting (9%) n Information Technology (7%) n Information Technology (6%) n Biotech/Healthcare/Pharma (5%) n Consumer Packaged Goods (5%) n Education (5%) n Telecommunications/ n Wholesale/Retail (4%) Communications (4%) n Food/Drink/Tobacco (3%) n Wholesale/Retail (3%) n Manufacturing (3%) n Real Estate/Property (3%) n Marketing/PR/Advertising (3%) n Legal (2%) n Real Estate/Property (3%) n Marketing/PR/Advertising (2%) n Telecommunications/ 33+20+96543211y Restaurant/Food Services/ Communications (3%) n 30+13+754321y Hospitality Services (2%) n Other (21%) n Other (11%) Given Ivey’s commitment to privacy when collecting student data, the industries contained within ‘Other’ include less than 1% and/or less than 3 graduates, of the graduating class in the following industries: Aerospace, Agribusiness, Construction, Charities/Non-Profit, Distribution/Production, Education, Electricity/Gas/Water, Entertainment, Government, Healthcare, Manufacturing, Petroleum/Energy, Pharmaceuticals/Medical, Public Administration/Regulatory, Tourism/Leisure Page 3 Ivey Business School | ivey.ca RECRUITING AT THE IVEY BUSINESS SCHOOL 2017 Graduates Compensation Summary* Source of Offer Base Salary School-Facilitated 78% % Receiving Median Range Career Management Posting 33% 100% $60,000 $20,000 - $177,768 Summer Internship 33% Networking Signing Bonus 10% (with Alumni and Corporate Partners) % Receiving Median Range Alumni/Classmate/Faculty Referrals 2% 41% $5,000 $1,000 - $33,000 Graduate-Facilitated 10% Other Guaranteed Compensation Networking (outside School) 7% % Receiving Median Range Internet, Company Websites, Executive 3% 13% $6,500 $750 - $50,000 Search Firms and Newspaper Posting *Data reflects students who reported compensation and does not include students who are Other 12% starting their own business 323 221 14 160 Companies that posted Companies our Number of HBAs returning to jobs to the Ivey HBA HBA 2017 students students pursuing their summer Class of 2017 signed with Entrepreneurship employer Offers Accepted by Geography Canada (Other) Alberta 3% Average Salary Average Salary $51,723 3% $85,986 British Other Columbia 3% Average Average 2% Salary Salary $57,047 $49,727 3% 78% United **Canada - Other includes Ontario (Kitchener/ States Waterloo, Ottawa/Hull), Quebec (Montreal), British Ontario (London) Columbia (Vancouver) 8% Average Average Salary Ontario (Toronto/GTA) Salary Average Salary *Other includes Asia, Caribbean Islands, Middle East $53,093 $129,557 $64,439 Page 4 Ivey Business School | ivey.ca COMPENSATION BY INDUSTRY HBA Class of 2017 Base salary ranged from $20,000 – $177,768 with a median salary of $60,000 and where other compensation was offered, it ranged from $750 – $70,000 BASE SALARY OTHER COMPENSATION INDUSTRY % RANGE $ MEDIAN $ % RANGE $ MEDIAN $ Accounting 9% 37,500 - 58,000 45,000 15% 1,300 - 15,000 3,750 Consulting 20% 45,000 - 107,112 65,000 78% 1,000 - 23,712 5,000 Consumer Packaged Goods 5% 46,992 - 75,000 60,000 44% 1,500 - 7,500 5,000 Financial Institution 33% 26,400 - 130,000 80,000 54% 1,000 - 56,500 10,000 Information Technology 6% 35,000 - 177,768 53,500 36% 1,600 - 70,000 8,000 Legal Services 2% 48,000 - 75,396 69,600 33% 750 - 5,000 4,000 Marketing/PR/Advertising 2% 30,000 - 60,000 52,000 Not Enough Data* Real Estate/Property 3% 35,000 - 78,000 46,500 Not Enough Data* Restaurant/Food Services/ 2% 60,000 - 65,000 60,000 88% 7000 - 11,500 7,000 Hospitality Services Telecommunications/ 4% 50,000 - 60,000 60,000 56% 1,200 - 13,500 3,500 Communications Wholesale/Retail 3% 39,960 - 93,000 50,000 23% 1,967 - 27,500 2,500 Other 11% 20,000 - 72,000 57,000 22% 5,000 - 14,000 7,000 Given Ivey’s commitment to privacy when collecting student data, the industries contained within ‘Other’ include less than 1% and/or less than 3 graduates, of the graduating class in the following industries: Aerospace, Agribusiness, Construction, Charities/Non-Profit, Distribution/Production, Education, Electricity/Gas/Water, Entertainment, Government, Healthcare, Manufacturing, Petroleum/Energy, Pharmaceuticals/Medical, Public Administration/Regulatory, Tourism/Leisure *This denotes either not enough data to sustain anonymity and/or no data was provided Page 5 Ivey Business School | ivey.ca COMPENSATION BY FUNCTION HBA Class of 2017 Base salary ranged from $20,000 – $177,768 with a median salary of $60,000 and where other compensation was offered, it ranged from $750 – $70,000 BASE SALARY OTHER COMPENSATION FUNCTION % RANGE $ MEDIAN $ % RANGE $ MEDIAN $ Accounting 9% 37,500 - 53,800 45,000 15% 1,300 - 15,000 3,750 Business Development/ 3% 30,000 - 63,000 50,000 Not Enough Data* Corporate Development Consulting/Corporate 24% 30,000 - 107,112 65,000 70% 1,000 - 23,712 5,000 Strategy Engineering 2% 50,000 - 177,768 81,000 50% 13,260 - 40,500 27,500 Finance - Asset Management 4% 40,000 - 94,395 55,000 31% 2,500 - 32,500 8,000 Finance - Commercial Banking 2% 55,000 - 70,000 58,500 38% 1,000 - 6,605 6,500 Finance - Corporate Office 3% 36,000-67,000 57,500 33% 1,967 - 7,500 5,000 Finance - Other 2% 34,200 - 66,810 65,000 Not Enough Data* Finance - Private Equity/ 2% 43,200 - 114,735 75,000 Not Enough Data* Venture Capital Finance - Real Estate 2% 38,000 - 78,000 55,000 Not Enough Data* Finance - Wholesale Banking/ Capital Markets (includes Corporate Banking, 19% 26,400 - 130,000 85,000 78% 2,000 - 56,500 10,000 Investment Banking, Sales and Trading, Equity Research, and Risk Management) Leadership Development/ 8% 45,000 - 66,000 60,000 51% 1,700 - 12,000 7,000 Rotational Program Legal 2% 48,000 - 75,396 70,000 33% 750 - 5,000 4,000 Marketing 4% 37,692 - 75,000 55,000 24% 5,000 5,000 Operations 2% 50,000 - 60,000 60,000 Not Enough Data* Sales 4% 35,000 - 70,000 42,500 25% 1,500 - 12,000 5,000 Other 8% 20,000 - 150,000 57,151 30% 1,200 - 70,000 8,000 Given Ivey’s commitment to privacy when collecting student data, the functions contained within ‘Other’ include less than 1% and/or less than 3 graduates, of the graduating class in the following functions: Human Resources, Information Technology, Project Management, Research and Development/Product Development, Startup *This denotes either not enough data to sustain anonymity and/or no data was provided Page 6 Ivey Business School | ivey.ca SUMMER INTERNSHIP CLASS OF 2018 EMPLOYMENT Class of 2018 Companies Providing Summer employment Summer Internships at a glance by Size: 253 Number of companies posting
Load more

Recommended publications
  • Navigating the Emv Implementation Process
    PARTNERING FOR SUCCESS: NAVIGATING THE EMV IMPLEMENTATION PROCESS A Mercator Advisory Group Research Brief Sponsored by Moneris Solutions November 2014 Partnering for Success: Navigating the EMV ImplementationProcess A Mercator Advisory Group Research Brief Sponsored by Moneris Solutions Contents The EMV Standard .............................................................................................................................3 Reducing Counterfeit Card Fraud .......................................................................................................... 3 Reducing Card Theft Fraud .................................................................................................................... 3 Chip and PIN vs. Chip and Signature ...................................................................................................... 3 Card Network EMV Road Maps ............................................................................................................. 4 Outlook: EMV Adoption in the United States ......................................................................................5 Credit Card Issuance .............................................................................................................................. 5 Debit Card Issuance ............................................................................................................................... 6 Acceptance ...........................................................................................................................................
    [Show full text]
  • To Consult DPQ/Moneris Preferred Pricing
    Preferred Rates For Your Business Les Dentistes propriétaires du Québec (DPQ) and Moneris® are pleased to introduce preferred card payment processing rates for your business.† Moneris Transaction 1 Interac Per Transaction Rate Card Type * Assessment Fee Interchange Fee Fee Debit Card $0.040 VISA 0.10% 0.09% Foreign Assessment Fee (VISA) of 0.40% will apply to all gross foreign sales dollar volume processed. Card Brand Fee (Interac) of $0.0085 will apply to each Interac transaction. An Interac fee of $0.035 Mastercard 0.10% 0.08% per transaction will apply to each Interac Flash® (contactless) transaction. Foreign Assessment Fee (Mastercard) of 0.60% will apply to all gross foreign sales dollar volume processed. For more information about the applicable Discover 0.10% 0.063% Interchange rates, Foreign Assessment Fee (Discover) of 0.40% will apply to all gross foreign sales dollar volume processed. please visit moneris.com/interchange POS Solution(s) Rates Union Pay 0.10% 0.1% Standalone $22.00/month Foreign Assessment Fee (UnionPay) of 0.10% will apply to all gross foreign sales dollar volume processed. PIN Pad $16.00/month Visa Debit 0.10% Short Range Wireless $45.00/month Debit MasterCard 0.10% $50.00/month * You agree that you are responsible for the fulfillment of any increase imposed by the Long Range Wireless (plus $75.00 one time activation fee) Card Brand and any fees, fines, penalties, or assessments levied by the Card Brands on us or our parent banks, RBC and BMO, in connection with the processing of your transactions.
    [Show full text]
  • 2008 Annual Report to Shareholders
    191ST ANNUAL REPORT 2008 Defining great customer experience I value a clear plan for the retirement I want. I appreciate a bank that can help my company in good times and bad. Who will explain all my mortgage options so that I actually understand? Thanks for giving me the advice that makes sense for me. Defining great customer experience begins with making sense of it all. BMO’s vision – to be the bank that defines great customer experience – galvanizes our organization and encourages every one of our 37,000 employees to help us succeed. In everything we do, we define great customer experience. We do so by helping our customers make sense of their financial lives, and by bringing clarity to the complexities of money. BMO gratefully acknowledges our customers who so generously gave their time and portraits to this annual report. Adolphe A. Tinling Linda Knight Scott Saxberg Maria Monreal-Cameron President and Principal Designer CEO, President and CEO, President and CEO, Adolphe Anthony T. Design CarePartners Crescent Point Energy Trust Hispanic Chamber of Commerce International and Associates Waterloo, Ontario Calgary, Alberta of Wisconsin Montreal, Quebec Milwaukee, Wisconsin Who We Are A Canadian-based North American bank, established in 1817, BMO® Financial Group is highly diversified. We work with millions of personal, commercial, corporate and institutional customers through our operating groups: Personal and Commercial Banking Canada, Personal and Commercial Banking U.S., Private Client Group and BMO Capital Markets. Our 37,000 employees are dedicated to making BMO the bank that defines great customer experience. Our approach is relationship-driven.
    [Show full text]
  • What Is Simplified Pricing?
    What is Simplified Pricing? Simplified pricing makes it easier to understand the costs associated with processing credit and debit card payments by clearly outlining the components that make up your processing fees. Processing fees on simplified pricing consist of: Interchange/Wholesale Discount, Network Assessment and Moneris® Transaction Fees. What is Interchange? What is a Network Assessment Fee? Interchange is the amount that card processors, like Moneris, are A Network Assessment Fee is the amount that card processors, like required to pay credit card issuers and/or financial institutions for Moneris, are required to pay the card brands for each credit or debit each credit or debit card transaction processed by its merchants. card transaction processed by its merchants. Network Assessment Interchange rates are set and regulated by the card brands (i.e. fees are set and regulated by the card brands and can vary by: ® ® ® Visa , Mastercard , Discover , UnionPay, etc.), and can vary by: • Region where card was issued (domestic/foreign) • Card type (basic, premium, corporate, etc.) • Settlement currency (CAD, US) • Transaction type (chip, swipe, ecommerce, etc.) With simplified pricing, the Network Assessment Fee, as set by the • Business type/Merchant Category Code (MCC) card brands, is passed through to the merchant. With simplified pricing, the interchange amount, as set by the card brands, is passed through by Moneris to the merchant. As a result, merchants will benefit from increased visibility and exposure to interchange rate updates periodically announced by the card brands, including reductions or special programs. What is the Transaction Fee? The Transaction Fee is the fee paid to Moneris for the credit and debit card transaction processing, clearing, settlement, reporting and customer service it provides your business.
    [Show full text]
  • For Apple® Ipad®, Iphone® and Ipod Touch®
    For Apple® iPad®, iPhone® and iPod touch® (11/17) For more information and assistance: Web: getpayd.com/paydpro/support Email: [email protected] Toll-free: 1-855-423-PAYD (7293) Record your Moneris® merchant ID here: __________________________________________ Contents Introduction ................................................................................................ 6 Before you get started .............................................................................. 7 Activating your PAYD Pro store .............................................................. 8 Setting up the PAYD App on your mobile device .............................. 9 Downloading and installing the PAYD App from the App Store SM 10 Setting up the PAYD PIN Pad ................................................................. 11 Pairing a new PAYD PIN Pad with your mobile device 12 Pairing an initialized PAYD PIN Pad with a different mobile device 19 Pairing a replacement PAYD PIN Pad with your mobile device 22 Other PAYD PIN Pad settings 24 Changing an initialized PAYD PIN Pad's default language 24 Bluetooth pairing in Legacy mode 26 Ready to use the PAYD App? 30 Optional features ..................................................................................... 31 Setting the transaction details level 31 Setting a default payment device 32 1 Enabling Pre-Authorizations 32 Enabling tip prompting 33 Setting a tax rate 34 Location-mapping transactions 35 Viewing a location map 35 Setting a quick PIN for sign-in 36 Pre-filling the employee ID/store ID at
    [Show full text]
  • BMO Financial Group Reports Third Quarter 2018 Results
    BMO Financial Group Reports Third Quarter 2018 Results REPORT TO SHAREHOLDERS Financial Results Highlights Third Quarter 2018 Compared With Third Quarter 2017: • Net income of $1,536 million, up 11%; adjusted net income1 of $1,565 million, up 14% • EPS2 of $2.31, up 13%; adjusted EPS1,2 of $2.36, up 16% • ROE of 14.7%, up from 13.4%; adjusted ROE1 of 15.0%, up from 13.3% • Provision for credit losses3 (PCL) of $186 million compared with $202 million on an adjusted basis in the prior year and $126 million on a reported basis; prior year reported provision for credit losses includes a decrease in the collective allowance of $76 million pre-tax • Common Equity Tier 1 Ratio of 11.4% Year-to-Date 2018 Compared With Year-to-Date 2017: • Net income of $3,755 million, down 9%, reflecting the revaluation of our U.S. net deferred tax asset4 and a restructuring charge in the current year5 and a net gain6 in the prior year; adjusted net income1 of $4,450 million, up 6% • EPS2,4,5 of $5.59, down 8%; adjusted EPS1,2 of $6.67, up 7% • ROE of 12.3%, compared with 13.7%; adjusted ROE1 of 14.6%, up from 13.9% • Provision for credit losses of $487 million3 compared with $620 million on an adjusted basis and $544 million on a reported basis Toronto, August 28, 2018 – For the third quarter ended July 31, 2018, BMO Financial Group recorded net income of $1,536 million or $2.31 per share on a reported basis, and net income of $1,565 million or $2.36 per share on an adjusted basis.
    [Show full text]
  • Quick Reference Booklet 11 August 2020
    Quick Reference Booklet 11 August 2020 QR Summary of Changes, 11 August 2020 Summary of Changes, 11 August 2020 This document reflects updates effective since the 15 October 2019 version. Table 1: Descriptions of Changes Description of Change Where to Look Chapter 3—Card Acceptor Business Codes Card Acceptor Business (CAB) Programs and (MCCs) Descriptions Updated country-specific CAB program to include Throughout AUS4, Australia transit 4. Added Macedonia to MCC 9406. MCC 9406—Government-owned Lottery (Specific Countries) Added MCC 9406 Government-owned Lottery Card Acceptor Business Codes (MCCs)— (Specific Countries) to All Transaction Category Transaction Category Codes Codes. Removed vending machines from MCC 5499. MCC 5499—Miscellaneous Food Stores— Convenience Stores, Markets, Specialty Stores Added P for MCC 9399 and MCC 7800. Removed Card Acceptor Business Codes (MCCs)— note in MCC Description. Abbreviated Removed sentence: “This MCC may also be used MCC 9399—Government Services—not to identify U.S. state lottery ticket sales by elsewhere classified merchants properly registered with Mastercard as set forth in section 9.4.5 of the Security Rules and Proceduresmanual.” Added MCC—Electric Vehicle Charging. MCC 5552—Electric Vehicle Charging Added Card Acceptor Business Segment codes for Card Acceptor Business (CAB) Programs and Uruguay. Descriptions Added Card Acceptor Business program, MON2, Throughout to MCC 4829 and MCC 6540. Added 2021 holiday schedule Holiday Processing Schedule ©1990–©2020 Mastercard. Proprietary. All rights reserved. Quick Reference Booklet • 11 August 2020 2 Contents Contents Summary of Changes, 11 August 2020.............................................................2 Chapter 1: Holiday Processing Schedule........................................................ 12 Overview Settlement U.S. Dollar Holiday Schedule............................................................13 Settlement Holidays........................................................................................................
    [Show full text]
  • What Is Simplified Pricing?
    What is Simplified Pricing? Simplified pricing makes it easier to understand the costs associated with processing credit and debit card payments by clearly outlining the components that make up your processing fees. Processing fees on simplified pricing consist of: Interchange/Wholesale Discount, Network Assessment and Moneris® Transaction Fees. What is Interchange? What is a Network Assessment Fee? Interchange is the amount that card processors, like Moneris, are A Network Assessment Fee is the amount that card processors, required to pay credit card issuers and/or financial institutions for like Moneris, are required to pay the card brands for each credit or each credit or debit card transaction processed by its merchants. debit card transaction processed by its merchants. Network Interchange rates are set and regulated by the card brands (i.e. Assessment fees are set and regulated by the card brands and can Visa®, Mastercard®, Discover®, UnionPay, etc.), and can vary by: vary by: • Card type (basic, premium, corporate, etc.) • Region where card was issued (domestic/foreign) • Transaction type (chip, swipe, ecommerce, etc.) • Settlement currency (CAD, US) • Business type/Merchant Category Code (MCC) With simplified pricing, the Network Assessment Fee, as set by With simplified pricing, the interchange amount, as set by the the card brands, is passed through to the merchant. card brands, is passed through by Moneris to the merchant. As a result, merchants will benefit from increased visibility and exposure to interchange rate updates periodically announced by the card brands, including reductions or special programs. What is the Transaction Fee? The Transaction Fee is the fee paid to Moneris for the credit and debit card transaction processing, clearing, settlement, reporting and customer service it provides your business.
    [Show full text]
  • 200Th Annual Report 2017 TOMORROW TODAY STARTS We Aren’T Waiting Marla Philpot Associate Project Manager Chicago, IL for the Future to Arrive
    BMO Financial Group 200th Annual Report 2017 TOMORROW TODAY STARTS We aren’t waiting Marla Philpot Associate Project Manager Chicago, IL for the future to arrive. We’re creating it. Connecting. Learning. Ervey Ayvar Coordinator, Administrative Services, U.S. Finance Adapting. Innovating. Chicago, IL Business Review 2 Who We Are / Finding new ways Financial Snapshot 3 Reasons to Invest in BMO 4 Chairman’s Message to be relevant. 5 Chief Executive Officer’s Message 9 Priorities and Principles 10 Tomorrow Starts Today 16 Performance Highlights Ready for what Gerrick Ratliff 18 Our Strategic Footprint Human Resources 20 Executive Committee Consultant Chicago, IL 21 Board of Directors comes next. Financial Review 24 Financial Performance and Condition at a Glance 26 Management’s Discussion and Analysis 122 Supplemental Information 136 Statement of Management’s Responsibility for Financial Information 137 Independent Auditors’ Report of Registered Public Accounting Firm 138 Report of Independent Registered Public Accounting Firm 139 Consolidated Financial Statements 144 Notes to Consolidated Financial Statements Resources and Directories 202 Glossary of Financial Terms 2 017 204 Where to Find More Information IBC Shareholder Information Financial Snapshot Who We Are Reported Adjusted 1 Established in 1817, BMO Financial Group is As at or for the year ended October 31 a highly diversified financial services provider (Canadian $ in millions, except as noted) 2017 2016 2017 2016 based in North America. We are the eighth- Revenue, net of CCPB2 (p 38) 20,722 19,544 20,722 19,628 largest bank in North America by assets, with Provision for credit losses (p 42) 774 815 850 815 total assets of $710 billion and an engaged Non-interest expense (p 43) 13,302 12,997 13,007 12,544 and diverse base of employees.
    [Show full text]
  • Moneris® / Visa® Differential Rates 1.42% Target Qualification Level
    Moneris® / Visa® Differential Rates 1.42% Target Qualification Level Interchange Interchange Fee Program As Identified on Moneris Statements: Rate Differential CAN-CS01/CAN-CS02/ STANDARD–CONSUMER CARD 1.52% 0.10% CAN-DS01/CAN-DS02 Consumer Card - Domestic CAN-C918/CAN-C919 STANDARD -ECOMMERCE 1.44% 0.02% CAN-XED3/CAN-XED4 B2B - ENHANCED DATA LEVEL 2 1.60% 0.18% CAN-XE03/CAN-XE04/ NON-CHIP ELECTRONIC–BUSINESS CREDIT 1.90% 0.48% CAN-VE03/CAN-WE03 CAN-XB03/CAN-XB04 RECURRING PAYMENT–BUSINESS CREDIT 1.85% 0.43% CAN-XB05/CAN-XB06 RECURRING PAYMENT–CORPORATE CREDIT 1.85% 0.43% CAN-XB07/CAN-XB08 RECURRING PAYMENT–PURCHASING CREDIT 1.85% 0.43% CAN-XE33 BUSINESS CREDIT EMERGING NNSS-CHIP 1.80% 0.38% CAN-XP01/CAN-XP02 BUSINESS CREDIT PERFORMANCE INCENTIVE TIER 1.80% 0.38% CAN-XP03/CAN-XP04/ BUSINESS CREDIT,PERFORMANC EINCENTIVE TIER 1.85% 0.43% Corporate Card - CAN-VP04 Domestic CAN-XS03/CAN-XS04/ STANDARD–BUSINESS CARD 2.00% 0.58% CAN-WS03 CAN-XS05/CAN-XS06/ STANDARD–CORPORATE CARD 2.00% 0.58% CAN-WS05/CAN-WS06 CAN-XS07/CAN-XS08/ STANDARD–PURCHASING CARD 2.00% 0.58% CAN-WS07 CAN-XI05/CAN-XI06/ BUSINESS CREDIT,INDUSTRY 1 1.80% 0.38% CAN-VI05/CAN-WI05 CAN-XI07/CAN-XI08 BUSINESS CREDIT,INDUSTRY 2 1.85% 0.43% CAN-CF01/CAN-CF02/ STANDARD–INFINITE CREDIT 1.71% 0.29% CAN-DF01 CAN-CF07/CAN-CF08/ NON-CHIP ELECTRONIC–INFINITE CREDIT 1.61% 0.19% CAN-EF07/CAN-DF07 CAN-CF11/CAN-CF12 RECURRING PAYMENT–INFINITE CREDIT 1.56% 0.14% Infinite Card - Domestic CAN-CF21/CAN-CF22 INFINITE CREDIT PERFORMANCE INCENTIVE TIER 1 1.56% 0.14% CAN-CF23/CAN-CF24 INFINITE CREDIT
    [Show full text]
  • First Quarter 2017 Report to Shareholders
    First Quarter 2017 Report to Shareholders BMO Financial Group Reports Net Income of $1.5 Billion for First Quarter of 2017 Financial Results Highlights: First Quarter 2017 Compared with First Quarter 2016: 1 • Net income of $1,488 million, up 39%; adjusted net income of $1,530 million, up 30% • EPS2 of $2.22, up 40%; adjusted EPS1,2 of $2.28, up 30% 1 • ROE of 14.9%, compared with 10.9%; adjusted ROE of 15.3%, compared with 12.1% • Provisions for credit losses of $173 million, compared with $183 million • Common Equity Tier 1 Ratio of 11.1% Toronto, February 28, 2017 – For the first quarter ended January 31, 2017, BMO Financial Group reported net income of $1,488 million or $2.22 per share on a reported basis, and net income of $1,530 million or $2.28 per share on an adjusted basis. “BMO’s performance this quarter is strong and broad-based, we delivered adjusted earnings of $1.5 billion and adjusted earnings per share of $2.28,” said Bill Downe, Chief Executive Officer, BMO Financial Group. “The good momentum in the business is the consequence of a clear strategy and consistent execution, doing what we said we would do. Our roadmap is focused on providing customers with intuitive products and services that meet their evolving preferences, while improving efficiency in all of our channels. “Our commitment to the success of our customers and employees, and contributing to their communities, is also unwavering. It is the cornerstone of what we have built over 200 years since our founding; it is a commitment that continues to grow,” concluded Mr.
    [Show full text]
  • Vantiv Announces Agreement to Acquire Moneris Solutions USA
    Vantiv Announces Agreement to Acquire Moneris Solutions USA November 10, 2016 Acquisition further accelerates Vantiv's growth in the high-growth integrated payments and merchant bank channels CINCINNATI and TORONTO, Nov. 10, 2016 /PRNewswire/ -- Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions, announced today its agreement to acquire Moneris Solutions, Inc. (Moneris USA) from Moneris Solutions Corporation (Moneris) for $425 million USD, subject to certain adjustments. Schaumburg, IL-based Moneris USA is the U.S. subsidiary of Moneris, which is a joint investment between BMO Financial Group and Royal Bank of Canada (RBC). Upon closing of the transaction, Vantiv will begin servicing Moneris USA's merchants and other business relationships, including its relationship with BMO Harris Bank, which operates approximately 600 branches in the United States. Moneris USA processed approximately $12 billion in U.S. transaction volume in 2015. "Acquiring Moneris USA will further accelerate Vantiv's growth in key high-growth channels," said Charles Drucker, president and chief executive officer of Vantiv. "We look forward to serving their technology and bank partners with our deep payments expertise and strong customer service." Vantiv, the nation's second largest payment processor, serves more than 800,000 merchant locations and 1,400 financial institutions. "The acquisition will enable Moneris USA to continue its successful path and provide merchants the high-level of service they've come to expect while leveraging Vantiv's scale and omni-channel payments capabilities," said Angela Brown, president and chief executive officer of Moneris. "Working together with Vantiv, Moneris will continue to support our mutual cross-border customers with a focus on innovation and service." The transaction is expected to close in the fourth quarter of 2016, subject to required U.S.
    [Show full text]