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hope you like syndicated loans
I mean their M&A team
do they have an M&A team?
m&a team is mainly focused on cross-border transactions.
usually related to physical asset heavy industries energy/infrastructure
SMBC will have good MD's hear and there, but firms don't go to SMBC for their expertise most of the time, and only for their capital. There are exceptions as SMBC does hire experienced MD's by offering them a generous package that entices them to leave their role at a BB. Which means if you work under this MD you might get some deal flow on your resume.
In general, Japanese banks have a large balance sheet, so they are the go to for lev finance or any transactions requiring capital.
I should give you a heads up their culture isn't the best. I've heard stories about how difficult it is to use all vacation days, and their HR teams are pretty unprofessional.
I can't speak to culture, although I know that their HR is understaffed/not the easiest to work with
Thanks for the insight. Is this the same with mizuho and the rest of the japanese megabanks in the U.S?
I've talked with a couple returning analysts going back to Mizuho, and from what I've seen/heard the culture is pretty good. A lot of people go A2A, not only because PE exit ops aren't necessarily the best from a debt shop, but also cause it's not a sweatshop.
Are they done with 2021 SA recruiting? I know their application deadline was Nov 4/8 but was curious if the process was over?
I would say yes? No threads were posted so can't say for sure
I work here-- as others have said highly dependent on group/MD. I'll be honest the M&A dealflow is not great, the stronger groups are DCM, Lev Fin, and some coverage teams. If you are set on M&A I would steer away from the Japanese banks as a whole because they just don't get deals. However I do want to disagree with the guy who said their culture is poor, in my experience most people are extremely friendly/collegiate and there is not the "face time" culture you might expect from a Japanese bank, at least in my group. Also want to add that junior comp has been improved in recent years and they might pay more than other Japanese banks at this point.
Appreciate the insight
I think they still pay below street though, according to what I've heard and the WSO comp database.
curious to know which coverage team has stronger deal flows
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