Bank of Canada

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234 Wellington St W
Ottawa, ON K1A 0G9
The Bank of Canada is the federal Crown corporation responsible for regulating Canada's monetary policies, overseeing the financial system, issuing bank notes and operating as the fiscal agent for the Government of Canada.

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Bank of Canada
Bank of Canada employees gather at a spring social event  

Recognized as one of Canada's Top 100 Employers (2025), Canada's Top Family-Friendly Employers (2025) and National Capital Region's Top Employers (2025):

By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Nov 14, 2024)

Here are some of the reasons why Bank of Canada was selected as one of Canada's Top 100 Employers (2025), Canada's Top Family-Friendly Employers (2025) and National Capital Region's Top Employers (2025):

  • Bank of Canada supports parents-to-be with maternity and parental leave top-up, to 93 per cent of salary for 27 weeks for new mothers and 93 per cent of salary for 12 weeks for fathers and adoptive parents -- and maintains The Family Table, an employee-led interest group that enables parents and caregivers to connect, share resources, and ask questions
  • Bank of Canada introduced several enhancements to its health benefits after surveying employees for feedback, including increasing the amount of flexible benefit dollars employees receive, removing deductibles for all plans, increasing coverage for mental health practitioners to $3,000 for basic coverage, and providing coverage for gender affirmation (to a lifetime maximum of $25,000)
  • Bank of Canada provides a number of unique opportunities for professional development, including a secondment program (employees can pursue development opportunities with partner organizations for a defined length of time), global opportunities facilitated in partnership with other central banks and international financial organizations, and a rotation program for senior researchers
  • Bank of Canada adopted flexible work hours to alleviate the pressures employees may have at the beginning or end of their day around community and family responsibilities, in addition to implementing a Work From Away policy that enables employees to work up to six weeks per year at approved Canadian and international locations
Employees at Bank of Canada attend the company's wellness fair to learn about available benefits and services  

    Employer Background

    Work Environment Rating: A+

    Work Atmosphere & Communications Rating: A

    Financial Benefits & Compensation Rating: A

    Health & Family-Friendly Benefits Rating: A

    Vacation & Personal Time-Off Rating: A

    Employee Engagement & Performance Rating: B+

    Training & Skills Development Rating: A+

    Community Involvement Rating: A

    Recognized as one of Canada's Best Diversity Employers (2025):

    By Kristina Leung, Chantel Watkins, and Cypress Weston, Mediacorp Canada Inc. staff editors (Feb 24, 2025)

    Here are some of the reasons why Bank of Canada was selected as one of Canada's Best Diversity Employers (2025):

    • Bank of Canada maintains a master's scholarship program for women in economics and finance with the aim of creating a more gender-balanced talent pipeline -- the bank also offers scholarships for racialized and Indigenous students, students with disabilities, LGBTQ2S+ students and francophones, with recipients receiving summer employment and mentorship to recipients where possible
    • Bank of Canada supports an Indigenous relations working group that engages with Indigenous communities through consultation, research, recruitment, and retention efforts -- incorporating feedback from Indigenous employees, the organization also updated its leave policy to include two paid personal days for religious observance and cultural holidays
    • Bank of Canada ensures accountability for equity, diversity and inclusion (EDI) goals through departmental presentations that track metrics such as diversity representation, internal mobility, and progress on the Bank's formal EDI strategy -- senior leaders have representation goals integrated into their personal performance measures and follow an annual plan with dedicated EDI commitments
    Bank of Canada staff celebrate each other’s accomplishments at the organization's annual employee awards of excellence ceremony  

      Highlights

      Industry Central bank
      Major Canadian locations Ottawa ON
      Full-time employees in Canada 2,338
      Management of diversity and inclusion initiatives equity, diversity and inclusion committee, executive equity, diversity and inclusion champions, equity, diversity and inclusion strategy, equity, diversity and inclusion network (comprised of committee members, champions, ERG leads and executive sponsors), Indigenous inclusion steering committee (chaired by the Senior Deputy Governor), Indigenous inclusion and EDI specialist, ERG advisory committee (composed of leads and executive sponsors), accessibility working group (delivers on commitments in the organization's accessibility plan)
      Performance management and accountability self-identification program, representation goals for employment equity groups, semi-annual people dashboards for departments includes information about diversity of teams, departmental EDI updates (includes data and trends related to representation, mobility, and turnover of diverse groups), leadership competencies include inclusive behaviours, accountability for progress against representation goals is included in senior leaders' performance measures, work environment check-up survey
      Employee resource groups PotentiELLE, Pride-Fierté, Enabled-Épauler, NGen (new and young professionals), Franconnexions, embRACE (Black, racialized, Indigenous)
      Noteworthy diversity strategies and policies equity, diversity and inclusion strategy (explicit focus on incorporating equity to ensure fair opportunities and outcomes), Indigenous relations working group (to enhance engagement with Indigenous peoples, including recruitment and retention initiatives), internal events include simultaneous interpretation in English and French, subtitled video content, three-year accessibility plan (includes 29 actions to address priority areas listed in the Accessible Canada act, created in consultation with employees with disabilities), reconciliation action plan (key action is to develop a Indigenous talent strategy that focuses on outreach, recruitment, hiring, and developing Indigenous employees), leave policy provides 2 paid personal days a year for religious observance and cultural holidays, gender affirmation support (includes coverage of surgeries and therapies, up to a lifetime maximum of $25,000)
      Recruitment initiatives applicants can provide voluntary employment equity information, hiring managers work with recruitment specialists to review gaps and recruitment strategies, inclusive selection practices (diverse hiring panels, inclusive interview questions, documented assessments), university recruitment campaign aimed at students in economics and finance (hiring goal of 50% women graduating from bachelor's degrees and 50% women with master's degrees), talent acquisition sourcer and brand specialist focuses on Indigenous recruitment and outreach, relocation assistance for new employees (includes temporary housing accommodations, immigration support to obtain a work permit and permanent residence status, private medical coverage in lieu of provincial coverage, other supports such as driver's license transfer, health card applications, and SIN issuance)
      Retention and development programs recruitment tool allows for career alerts enabling employees to be more proactive in managing their careers (change made in response to suggestions from PotentiELLE), standardized talent management for emerging talent at the Bank Officer level (includes a review of the composition of women, racialized employees, and francophones within the talent pipeline)
      Training and awareness initiatives inclusive leadership training featured as part of the bank's core leadership development program, accessibility training, workplace mental health leadership training, conscious inclusion training, Indigenous cultural awareness training, learning module on gender identity and expression, guide to being an ally (developed in collaboration with all ERGs), discussion guides to enable employees to start conversations about Indigenous or other equity, diversity and inclusion topics
      Diversity highlights scholarship and work placement program for women, racialized, LGBTQ2S+, francophones, Indigenous students, and students with disabilities (summer employment is offered where possible), master's scholarship award for women in economics or finance, works with organizations representing the blind and partially sighted to offer a suite of accessibility features for identifying Canadian bank note denominations, guide for supporting trans employees

      The Career Directory

      Bank of Canada has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.
      Bank of Canada security assessment analyst at a company event

        Highlights for New Grads

        Industry Central bank
        Full-time employees in Canada 1,001 to 2,500
        Major Canadian locations Ottawa ON
        Student opportunities paid internships, summer jobs, co-op opportunities
        Training subsidies for professional accreditation, orientation program, online training, in-house training, mentoring, in-house career planning services, leadership training
        Annual tuition maximum employer pays up to $7,000 in tuition subsidies for job-related courses per year
        Other info for new grads Bank of Canada offers a master's scholarship award for women in economics and finance and a scholarship and work placement program for Indigenous students and students with disabilities.
        Typical new grad positions Research Assistant, Analyst, Economist, Senior Economist, FSS Senior Analyst
        Starting salary $60K to $65K
        Work benefits health benefits for new employees, flexible work hours, telecommuting, employees receive paid time off to volunteer
        Vacation allowance new employees receive 4 weeks of paid vacation after their first year on the job

        Academic fields recruited

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