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).

 

Doloremque necessitatibus incidunt mollitia a. Hic rerum exercitationem nihil voluptas. Delectus aut consectetur vel nesciunt aut quia ex. Odit id et laboriosam perferendis provident.

Career Advancement Opportunities

October 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

October 2026 Investment Banking

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

Professional Growth Opportunities

October 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

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
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...”