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Middle Market

TD Securities Interview Guide 2026

TD Securities is the investment banking arm of Toronto-Dominion Bank, providing advisory, capital markets, and trading services. The firm has a strong North American presence with growing capabilities in M&A advisory and leveraged finance, bolstered by its acquisition of Cowen in 2023.

Toronto, Canada
Founded 1855
Acceptance rate: ~8-10%

Interview Process

Timeline

2-3 weeks

Difficulty

moderate

HireVue

No

First Round
Superday

TD Securities interviews focus on core technical skills and cultural fit. With the Cowen integration, expect some emphasis on sector specialization. The firm values collaborative candidates with strong analytical skills.

Superday Format

Typically 3-4 interviews covering technical fundamentals, behavioral questions, and sector knowledge. The process is well-organized and candidate-friendly.

Culture & Work Environment

Work-Life Balance
Compensation
Prestige
Training Program
Exit Opportunities

TD Securities has a collaborative Canadian banking culture with a strong emphasis on teamwork. The integration of Cowen has expanded its US presence and sector expertise, particularly in healthcare and technology. Hours are generally more manageable than top US banks.

Target Schools

IveyQueensMcGillWhartonNYU SternMichiganGeorgetownDuke

Industry Groups

HealthcareTMTIndustrialsFIGConsumer/Retail

Key Stats

Acceptance Rate~8-10%
Analyst Class Size50-70
Interview Rounds2

Last updated: February 11, 2026

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