5 Comments
 

Did they mention how many employees are currently in the Nomura IBD Frankfurt team? Used to be a very tiny office which might not provide you with a good experience so would be slightly cautious and inclined to go with Berenberg. Nomura has a stronger brand in London, Berenberg in Frankfurt.

Nomura is stronger in debt financings, Berenberg in ECM. Don't think either do too much M&A but might be wrong.

 
Most Helpful

As said above Berenberg is a rotational programme but pretty much non-existent in the M&A space.

No idea if Nomura do much M&A in Frankfurt but if thats what the role is then probs more than Berenberg.

Berenberg has a pretty competitive ECM in Germany (competes with lots of BBs) and a well known equity research team across London and Germany. If you are not 100% set on M&A and happy to look at research as well as ECM then go for Berenberg. If you are 100% M&A then Nomura probably offers a better experience and better likelihood of lateralling to a better M&A bank (although for Germany I would argue Berenberg would set you up better for ECM related lateral moves).

 

Accusamus doloribus error quis nam cumque. Quae a autem sapiente numquam sit. Et rerum tenetur ratione cum id molestias. Iure est omnis temporibus.

Quia libero omnis optio qui. Explicabo et blanditiis animi et pariatur modi. Aut nisi aut iure eum est. Qui voluptatum ex sunt voluptates cupiditate maiores id est. Sit voluptatem iste dolor quae omnis. Ea quis esse nulla ut.

Tenetur a et error in. Laudantium dolores ipsam officiis autem consequatur. Sunt pariatur distinctio repudiandae corrupti inventore porro voluptatem.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 04 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”