Pros
It's a job It's finance oriented Texas has no income tax
Cons
1. You wont see anything remotely close to I-Banking deals in the Houston office (despite what they advertise) 2. You'll spend 100+ hour weeks filling in bureaucratic paperwork for AA+ rated entities only to have the credit committee cite Moody's and S&P credit ratings in their final approval or disapproval 3. You'll report to more than 4 or 5 different people because there is no one at a higher level that is trusted by the Calgary or Toronto offices - this is a problem, because one boss will leave at 4pm every single day and not expect you to stay much later than him, while the next boss down in the hierarchy will expect you to stay most of the night because he feels inferior if he's at home and finished working before his wife 4. None of what you do will make an impact on a lending decision because the office is carried by syndicate votes and never has enough skin in the game to drive any deal 5. The people you work with create undo stress and a hostile environment to work in, because they are a) still pretending that they're Investment Bankers and b) live in a culture of paranoia created by the antagonistic relationship the MDs have with each other 6. You will have to endure meetings where "the blacks" are openly disparaged and if you're there long enough you will see female candidates turned away because of the potential that they'll become pregnant 7. No one has the fortitude to give you direct feedback on your work. If you've screwed up, you will discover your mistake via office gossip months after the fact 8. You will not have young coworkers for long. Any associate or analyst there when you're hired is simply waiting for you to be hired so they can transfer to a different office within TD or take a job elsewhere without burning a bridge 9. There is constant backstabbing and undermining of each other because the 5 men (boys) in the office don't have the courage to confront each other when they feel there's an issue 10. Expect 0% work-life balance because they've gone through so much turnover at the lower ranks that all of the Directors, MDs and VPs feel that they've been carrying a burdensome load for so long and are entitled to vacation days, while you need to earn yours 11. I could go on, but if you've interviewed with the folks in this office, have read this and are seriously considering this job still, then I wish you the best of luck and hope you leave there with your sanity