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Business Development Bank of Canada
Employees at the BDC Square office in Montréal  

Recognized as one of Canada's Top 100 Employers (2024) and Montreal's Top Employers (2024):

Here are some of the reasons why Business Development Bank of Canada was selected as one of Canada's Top 100 Employers (2024) and Montreal's Top Employers (2024):

  • BDC supports employees' career ambitions with generous tuition subsidies to cover the costs of external education and an aspiring leaders program to help employees develop the necessary competencies for management roles -- for those new to the organization, BDC manages a structured onboarding program and a full-day welcome conference to help orient new hires to the workplace
  • BDC encourages employees to become recruiters for the firm with generous new employee referral bonuses, from $2,000 to $2,500 depending on the position
  • BDC enables employees to have a little more downtime with the option to purchase up to five additional vacation days through its flexible benefits program as well as a formal earned days off program
BDC employees use a collaborative space at the Montréal head office  

Employer Background

Industry Secondary market financing
Established in Canada 1944
Parent company Government of Canada
Parent company head office Ottawa ON
Major Canadian locations Ottawa ON, Vancouver BC, Calgary AB, Toronto ON, Montréal QC
Full-time employees in Canada 2,868
Part-time employees in Canada 89
Workforce engaged on a contract basis 4%
Average age of employees in Canada 41 years
Longest serving employee 47 years

Work Environment Rating: B+

Flexible work options hybrid work option, flexible work hours, 35-hour work week (with full pay), telecommuting, shortened work week (fewer hours with less pay), reduced summer hours, earned days off program, Flex+ model launched in the past year (enables most employees to work 1 to 5 days remotely per week)
Commuter amenities walk to public transit, electric vehicle charging stations, secure/sheltered bicycle parking, nearby bike sharing station
Onsite workplace features head office is located in the landmark 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), inside, the workplace features diverse spaces for concentration, collaboration, and social activities, an in-house studio, a tech café (for face-to-face tech support), telecommuter workstations, sit-stand workstations, private phone booth, religious observance room, self-serve lunchroom, outdoor patio
Employee lounge amenities comfortable seating, music, television, table tennis
Onsite cafeteria healthy menus, special diet menus, take-home meals, sandwiches, wraps, soups, and snacks, meal options use fresh and seasonal ingredients that showcase Indigenous communities

Work Atmosphere & Communications Rating: B

Past social events team breakfasts, brunches, lunches, and happy hour get-togethers, hybrid diversity equity and inclusion webinars to recognize events such as Black History Month, International Women’s Day, Indigenous Awareness Month, Pride, and International Day for Persons with Disabilities
Cultural aspects business-casual dress daily, dress-for-your-day policy, casual dress (e.g. jeans) daily, music while working, employee sports teams
Employee communications intranet site, company newsletter, traditional/email suggestion box, internal social media
Other in-house communications "Rendez-vous with Isabelle" (a live call with the CEO), BDC Live webinar series

Financial Benefits & Compensation Rating: A+

Financial benefits note BDC has multiple employee groups, financial benefits may vary by position
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 phased-in retirement work options, life & disability insurance
Year-end bonuses available to all employees
Referral bonuses (max) new employee referral bonuses (up to $2,500) for some positions
Signing bonuses available for some positions
Additional financial benefits employee savings and investment plan (employees may contribute a percentage of their salary and receive an employer match, and can invest savings in a tax-sheltered or non-tax-sheltered account, or a tax-free savings account)

Health & Family-Friendly Benefits Rating: B+

Health plan premium as part of the health plan, the employer pays up to 96% 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
Eyecare $300 every 2 years
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
Mental health practitioner benefit up to $10,000 each year
Health spending account up to $750 each year
Wellness spending account up to $750 each year
Additional health plan information $750 can be allocated to a health spending account or a wellness spending account, which can be used for home office expenses, fitness expenses, and expenses related to organized activities (dance class, paint class), mental health care includes coverage for psychotherapists and psychoanalysts, access to Beacon (digital platform that provides online cognitive behavioural therapy), retirees can purchase continued benefits coverage through Manulife's "Follow Me" program
Additional health and wellness initiatives dedicated strategies for mental health and employee wellness, "My Wellness" program focused on sleep, financials, stress, and nutrition, corporate wellness challenges to promote physical activity, access to LIFT (digital fitness programs that includes live chat with certified coaches)
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

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
Paid holiday shutdown during the Christmas to New Year's holiday break, employees receive an additional 3 days off
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, employees can use excess flex dollars to purchase up to 5 additional vacation days each year, personal days can be used for personal or family responsibilities, religious observance, community and volunteer work, or for professional development

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
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)
Outside survey period outside consultant surveys are held every 12 months

Training & Skills Development Rating: A+

Career planning in-house career planning services, online employee skills inventory
In-house training initiatives apprenticeship/skilled trades programs, mentoring, in-house training, online training, leadership development programs, 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 welcome conference for new hires (activities include networking, a tour of the premises, and an immersion into a typical day at BDC), dedicated training for aspiring, new and experienced leaders, learning management system with resources on soft and technical skills (videos, articles, e-learnings), second-language training for French and English

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 2 paid days)
Total number of charities supported last year approximately 113 charitable and community organizations were supported last year
Some of the community organizations supported I Love First Peoples, True North Aid, Indspire, Black North Initiative, Orchestre Métropolitain, YMCA of Brandon, Fondation Jeunes en tête
Charitable giving matches employee donations
Community highlight BDC focuses its charitable efforts on initiatives that promote health and wellness, increase a sense of inclusion, belonging, and full participation of diverse communities in the workplace, the Canadian economy and society, and poverty.

Recognized as one of Canada's Best Diversity Employers (2024):

Here are some of the reasons why Business Development Bank of Canada was selected as one of Canada's Best Diversity Employers (2024):

  • BDC recently launched the Black Professional Network to help address the unique challenges Black professionals face in the workplace and increase opportunities to support career progression -- with over 100 members across Canada, the group operates under the pillars of connection, career guidance and career development
  • BDC underwent a comprehensive Indigenous employment systems review in 2019 from Indigenous Works, resulting in a three-year action plan -- as part of this review, the organization created a glossary and guidebook to share Indigenous history and language with employees and launched mandatory Indigenous cultural awareness training in partnership with First Nations University of Canada and 4 Seasons of Reconciliation
  • BDC created five new financing programs for diverse entrepreneurs to increase access to capital -- in partnership with other organizations, programs include Black Entrepreneur Startup Program, Black Entrepreneurship Loan Fund, Black Innovation Fund, Indigenous Growth Fund, and the Alterna Savings’ Community Microfinance Program (available in Ontario only)
BDC staff connect at work  

Highlights

Industry Secondary market financing
Major Canadian locations Ottawa ON, Vancouver BC, Calgary AB, Toronto ON, Montréal QC
Full-time employees in Canada 2,868
Management of diversity and inclusion initiatives diversity, equity and inclusion leadership council (chaired by CHRO and comprised of executives from each line of business), five communities of focus are each aligned to an executive sponsor who works to support the strategy for that community, the DEI team regularly consults with all groups
Performance management and accountability measures demographic makeup of the workforce, tracks source of job applicants
Employee resource groups communities of focus include women, visible minorities, Indigenous Peoples, persons with disabilities, and LGBTQ2+; Black Professional Network
Noteworthy diversity strategies and policies 3-year accessibility plan for employees and entrepreneurs, 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 participates in l’Effet A Ambition Challenge (professional development program for women) and previous graduates mentor participants internally, McKinsey Connected Leaders Academy (top employees who self-identify as Black, Asian, Hispanic or LatinX attended three programs: executive leadership program, management accelerator and leadership essentials), with management accelerator and executive leadership alumni matched with a senior management committee member for six months of mentorship
Training and awareness initiatives created an Indigenous history and language glossary and guidebook, annual LGBTQ2+ Pride campaign
Diversity highlights partners with a sign language firm to provide interpreting services and increase accessibility of BDC events, launched Fortes to advance women in STEM (open to high school students, immigrants and visible minority women offering coaching, mentorship, networking and internships), signatory to the BlackNorth Initiative pledge to remove anti-Black systemic barriers, Women in Technology Venture Fund to invest in women-led technology companies ($200-million), Thrive Venture Fund and Lab for Women ($500-million)
Highlights from the past year kicked off the Black Professional Network launched with a virtual kickoff and Q&A session, hosted two in-person networking events in Montréal and Toronto, closed offices during Christmas and New Year's Day for a shared break, continues to hold listening circles annually to gather feedback from the experiences of its communities of focus, published a resource on respectful communication, pronouns and gender-neutral language to help employees adopt inclusive language in their day-to-day lives, published an expanded version of French Inclusive Writing Guidelines based on feedback received

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 2,501 to 5,000
Parent company Government of Canada
Parent company head office Ottawa ON
Major Canadian locations Ottawa ON, Vancouver BC, Calgary AB, Toronto ON, Montréal QC
Student opportunities 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 $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 2 paid days)
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

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