TD Securities Interview Guide 2026
TD Securities is the investment banking arm of Toronto-Dominion Bank, a Middle Market platform founded in 1855 and headquartered in Toronto, Canada. The interview process consists of a First Round and a Superday, with an analyst class of 50-70 and an acceptance rate near 8-10%. Its M&A advisory and leveraged finance capabilities were bolstered by the acquisition of Cowen in 2023.
TD Securities is best known for Middle Market M&A, Healthcare Advisory, TMT Advisory, Leveraged Finance work, with leading industry coverage in Healthcare, TMT, Industrials, FIG. Candidates often compare TD to peer firms covered on this site.
Last updated May 2026 Β· By the Superday AI editorial team
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Interview Process
Timeline
2-3 weeks
Difficulty
moderate
HireVue
No
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
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
TD Securities recruits heavily from Ivey, Queens, McGill, Wharton, NYU Stern, Michigan, Georgetown, and Duke.
Industry Groups
TD Securities's strongest franchises include Healthcare, TMT, Industrials, FIG, and Consumer/Retail.
Commonly Asked Questions at TD Securities
Each question links to a full breakdown β framework, sample answer, and follow-ups β calibrated to what TD Securities interviewers actually probe.
Sources
- TD Securities - Firm Overview. TD Securities (accessed 2026-05-14)
- TD Securities - Careers. TD Securities (accessed 2026-05-14)
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Key Stats
Last updated: May 15, 2026