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Business Development Bank of Canada
BDC employees use collaborative tools in one of the head office's meeting rooms  

Recognized as one of Canada's Top 100 Employers (2022), Top Employers for Canadians Over 40 (2022) and Montreal's Top Employers (2022):

Here are some of the reasons why Business Development Bank of Canada was selected as one of Canada's Top 100 Employers (2022), Top Employers for Canadians Over 40 (2022) and Montreal's Top Employers (2022):

  • BDC helps employees plan securely for the future with contributions to a defined benefit pension plan and health benefits that extend to retirees (with 100 per cent premium coverage and no age limit)
  • BDC employees can also participate in an additional savings and investment plan, which allows them to contribute a percentage of their base salary to a group RRSP or TFSA with matching employer contributions
  • BDC maintains a charitable focus on supporting entrepreneurs, specifically, the financial health of their business as well as their own mental health and well-being (especially important over the past year) -- additionally, the organization launched six new partnerships to support Black entrepreneurs and sponsored the Rise UP Pitch Competition, which provided free workshops and resources to Black women entrepreneurs across Canada, plus $10,000 in capital to the winning entrepreneurs
BDC employees in the head office's bistro, a versatile interactive space  

Employer Background

Industry Secondary market financing
Established in Canada 1944
Parent company Government of Canada
Parent company head office Ottawa ON
Major Canadian hiring locations Vancouver BC, Calgary AB, Toronto ON, Montréal QC
Full-time employees in Canada 2,498
Part-time employees in Canada 75
Workforce engaged on a contract basis 3.8%
Average age of employees in Canada 42 years
Longest serving employee 45.3 years

COVID-19

Pandemic response regular CEO videos and live calls to share important updates, additional funds added to employees' wellness accounts to enhance home offices, designated COVID-19 microsite with information and resources, Yammer group called COPING with COVID to help employees stay connected, adapted its Wellness Day to a Wellness Week (featured webinars on wellness topics and a virtual exercise challenge)

Physical Workplace Rating: B+

Editorial note due to the pandemic, some workplace amenities may be temporarily unavailable
Commuter amenities electric vehicle charging stations, secure/sheltered bicycle parking, nearby bike sharing station
Workplace features head office is located in Place Ville Marie, which is centrally located and directly linked to the city's extensive underground walking network (providing all-season access to shopping malls, restaurants and the city's Métro), workplace features a variety of flexible and collaborative spaces including designated spaces for concentration, collaboration, training, and socializing, multiple meditation rooms (which are considered electronic-free zones), telecommuter workstations, sit-stand workstations, private phone booth, religious observance room
Employee lounge amenities comfortable seating, music, television, table tennis
Onsite cafeteria healthy menus, special diet menus, take-home meals
Other nearby amenities YMCA, YWCA, Nautilus Plus, Énergie Cardio, Place du Canada, Dorchester Square

Work Atmosphere & Communications Rating: B

Past social events various online events across the organization, including virtual treasure hunts, recipe sharing and cooking events, team breakfasts, brunches, coffee breaks and lunches, virtual games (from charades to family drawing contests), online yoga and meditation sessions hosted by employees
Cultural aspects business-casual dress daily, dress-for-your-day policy, casual dress Fridays, music while working, employee sports teams
Employee communications intranet site, company newsletter, traditional/email suggestion box, internal social media
Other in-house communications BDC Live speaker series (recent topics include cybersecurity best practices, climate change and resilience 101, and Black History Month), CEO call 3 times per year (as well as increased video messages throughout the pandemic), Perspective (online question and answer tool for employees)

Financial Benefits & Compensation Rating: A+

Outside salary surveys participates in outside salary surveys every 12 months
Employee salary reviews individual salaries are reviewed every 12 months
Long-term savings defined-benefit (DB) pension, matching RSP
Long-term planning retirement planning assistance, phased-in retirement work options, life & disability insurance
Year-end bonuses available to all employees
Referral bonuses (max) new employee referral bonuses (up to $2,000) for some positions
Signing bonuses available for some positions
Additional financial benefits employee savings and investment plan

Health & Family-Friendly Benefits Rating: B+

Health plan premium as part of the health plan, the employer pays up to 100% of the premiums
Flexible coverage health plan is flexible with adjustable premiums and coverage levels
Waiting period there is no waiting period for coverage
Family coverage option yes
Retiree coverage with no age limit yes
Dental coverage routine, restorative, orthodontics
Paid sick days employees receive 5 days off each year
Health plan includes traditional coverage (e.g. prescription drugs), employee assistance (EAP) plan, semi-private hospital room, physiotherapy, medical travel insurance, homecare, medical equipment and supplies, massage therapy, nutrition planning, podiatrist, osteopathy, chiropractor, alternative coverage (e.g. acupuncture, naturopathy), virtual healthcare services
Additional health plan information employees can purchase up to 5 additional vacation days through the flexible health plan, health plan includes access to online cognitive behavioural therapy
Wellness initiatives dedicated mental health strategy, wellness program based on 4 pillars (financial, physical, emotional, and social), access to virtual fitness platform (includes live chat with coach to answer questions related to fitness, nutrition, sleep and recovery), encourages employees to complete a health risk assessment every 2 years (BDC uses the data to help shape future wellness actions)
Maternity top-up (mothers) up to 100% of salary for 17 weeks
Parental top-up (fathers) up to 100% of salary for 6 weeks
Adoption top-up up to 100% of salary for 6 weeks
Additional family-friendly benefits extended parental leave to unpaid leave, phased-in return to work for new parents, academic scholarships of up to $2,500 per child
Flexible work options flexible work hours, 35-hour work week (with full pay), shortened work week (fewer hours with less pay), compressed work week, telecommuting, reduced summer hours, earned days off program

Vacation & Personal Time-Off Rating: B+

Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Vacation jump vacation increases after 5 years of employment
Maximum vacation allowance employees move to a maximum of 5 weeks of vacation over their career
Personal paid days off employees can schedule 5 personal days off each year, as needed
Unpaid leave of absence option yes
Additional time-off information some employees start at 4 weeks of paid vacation, depending on their position

Employee Engagement & Performance Rating: A

Employee performance reviews employees receive individual performance reviews every 12 months
Managers receive performance review training yes
360° feedback option as part of the review process, performance feedback is also solicited from co-workers and other managers familiar with each employee's work
Confidential employee feedback employees can also provide confidential feedback on their manager's performance
Exit interview exit interview option is available for departing employees
Performance recognition online recognition platform, individual performance bonuses, on-the-spot rewards, peer-to-peer recognition awards, long-service awards, tailored and unique rewards (e.g. travel), Samara awards program to recognize exceptional achievement (winners receive recognition points and personalized awards delivered to their homes)
Outside survey period outside consultant surveys are held every 12 months

Training & Skills Development Rating: A+

Career planning online employee skills inventory
In-house training initiatives mentoring, in-house training, online training, leadership training, paid internships, subsidies for professional accreditation
Related tuition subsidies employer covers up to 100% of tuition per year
Annual tuition maximum employer pays up to $25,000 in tuition subsidies for job-related courses per year
Unrelated tuition subsidies employer covers up to 100% of tuition per year for courses unrelated to current position
Unrelated tuition maximum employer pays up to $25,000 in tuition subsidies per year for courses unrelated to current position
Unique training & development programs second-language training, internal coaching program, leadership development programs

Community Involvement Rating: A

Scope of charitable involvement local, national
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 7 paid days)
Total number of charities supported last year approximately 300 charitable and community organizations were supported last year
Some of the community organizations supported United Way Centraide, Douglas Foundation, Canadian Mental Health Association (CMHA), Revivre, McGill University, Fonds Inclusion, B Lab Company
Charitable giving matches employee donations
Community highlight BDC's community program is built around a community investment strategy to support entrepreneurs, including the financial health of their business as well as their own mental health and well-being (especially important over the past year). Additionally, the organization expanded its commitment to address anti-Black systemic racism, launching six new partnerships to support Black entrepreneurs, and has continued its work with the National Aboriginal Capital Corporation Association to design and structure an Indigenous Growth Fund to increase access to capital for Indigenous business owners.

Recognized as one of Canada's Best Diversity Employers (2022):

Here are some of the reasons why Business Development Bank of Canada was selected as one of Canada's Best Diversity Employers (2022):

  • BDC's diversity and inclusion strategy serves as the roadmap for activities, with six communities of focus (women, visible minorities, Indigenous Peoples, persons with disabilities, LGBTQ2+ and military/veteran communities) each with a dedicated employee resource group who sets its priorities and objectives for the year, and consults with BDC's Diversity and Inclusion Centre of Expertise
  • BDC underwent a comprehensive Indigenous employment systems review in 2019 from Indigenous Works, resulting in a three-year action plan -- BDC has also created a glossary and guidebook to share Indigenous history and language with employees
  • BDC ran a mentoring program in 2020 to grow talent at the organization and support women in identifying career development opportunities, particularly in leadership -- the program was sponsored by three executives across different business lines and matched 25 mentees with experienced leaders -- due to its success, it has been approved as part of the organization's ongoing diversity agenda
BDC and CCDI co-hosted an employer event in BDC's Winnipeg office on best practices for Indigenous employment  

Highlights

Industry Secondary market financing
Major Canadian hiring locations Vancouver BC, Calgary AB, Toronto ON, Montréal QC
Full-time employees in Canada 2,498
Management of diversity and inclusion initiatives new diversity and inclusion leadership council (chaired by CHRO and comprised of executives from each line of business), 6 communities of focus are each aligned to an executive sponsor who works to support the strategy for that community, including an aligned ERG, diversity and inclusion centre of expertise (consults each ERG and with the diversity and inclusion leadership council)
Employee resource groups communities of focus include women, visible minorities, Indigenous Peoples, persons with disabilities, LGBTQ2+ and military/veteran
Noteworthy diversity strategies and policies underwent a comprehensive Indigenous employment systems review from Indigenous Works and created a 3-year action plan specific to Indigenous persons, reviewing policies, procedures, internal and external communications for gender neutral terminology, diverse suppliers can register via BDC's website to be included in their list, diversity certified companies are 51% majority owned and operated by person(s) who are women, minorities, Indigenous persons, LGBTQ2+, persons with disabilities or veterans
Retention and development programs mentoring program to help women identify career development opportunities specifically related to leadership roles, 12 employees attended McKinsey's Black Leadership Academy to support professional development
Training and awareness initiatives held listening circles on racism (facilitated by Canadian Centre for Diversity and Inclusion) to create a safe space for employees to discuss their lived experiences and ask questions, resulting in a survey of areas of improvement and initiatives to address training, created an Indigenous history and language glossary and guidebook, e-learning modules in partnership with Our Children's Medicine, participated in Orange Shirt Day and promoted awareness about the tragedies experienced by Indigenous persons in residential school systems, annual LGBTQ2+ Ally campaign
Diversity highlights signatory to the BlackNorth Initiative pledge to remove anti-Black systemic barriers, Entrepreneurship Connections program offered in partnership with ACCES Employment to provide newcomers with opportunities for mentoring and networking as well as training on how to successfully launch a business, Women in Technology Venture Fund to invest in women-led technology companies ($200-million), sponsors Prince's Operation Entrepreneur (business accelerator program to help transitioning military personnel and veterans start their own business)
Highlights from the past year in 2020, the #EspressoInitiative was deployed across the entire organization -- originally started by the young women's group, the program matches diverse colleagues from across the country to meet for a coffee and chat and expands employees' professional networks, Coping with COVID-19 resource centre to help employees, their families and dealing with clients (tips and tricks, assistance programs that provided virtual healthcare, digital therapy, amongst others), launched 6 new partnerships across Canada to support Black entrepreneurs

The Career Directory

Business Development Bank of Canada has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.
BDC hosts local college students at a hackathon

Highlights for New Grads

Industry Secondary market financing
Full-time employees in Canada 1,001 to 2,500
Parent company Government of Canada
Parent company head office Ottawa ON
Major Canadian hiring locations Vancouver BC, Calgary AB, Toronto ON, Montréal QC
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, mentoring, leadership training
Annual tuition maximum employer pays up to $25,000 in tuition subsidies for job-related courses per year
Typical new grad positions Customer Service Representative, Account Manager, Client Relationship Officer
Starting salary $50K to $55K
Work benefits health benefits for new employees, flexible work hours, telecommuting, employees receive paid time off to volunteer, (up to 7 paid days)
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Academic fields recruited

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