Am I mad to take a Japanese bank over a bulge bracket?
Had FT offer from Nomura/MUFG/Mizuho and decided I’m gonna take it instead of my BB offer (not GS/JPM/MS). Culture and opportunities for secondments and things like that far outweigh the slightly better pay and exits in my opinion. Was hoping for peoples takes on this.
Assuming you are not based in Asia, you are below ED level and we aren't talking about a super niche product group that the Japanese bank is superior at vs the BB bank then yes you are mad.
At the junior / mid levels you need to be prioritizing deal experience over almost everything else. Even if you are not gunning for PE or other competitive exits, the junior years of your career are a critical window where you have a unique opportunity to develop your skillset that you will use throughout the rest of your career.
You're missing a chromosome to think Japanese culture is noticed on any of the floors. Maybe working 13+ hours a day is the culture you're talking about.
A family friend of mine who worked 20+ years in a Japanese bank once told me that if you are not ethnically Japanese/from Japan, they won't expect you to work these sorts of hours.
My friend, I apologize to break this to you, but that family friend lied to you.
Yeah, because he is probably not working in a top tier group or IB; Even more, you will always be last for promotions if you are not Japanese. Just stay there for a few years then lateral to another bank and start over. But not sure why would anyone make this choice if they had other offers
Currently at MUFG — Let me know if you’d like to chat. Can give you the good and (mostly) the bad.
Interested to hear perspectives as well, also have an offer at Japanese bank
Hey can you pm me I’d love to ask some questions
Hey can we PM about this
Could we PM?
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