LevFin at a Japanese

Hey Everyone,

Just wanted to get a bit of input on Japanese Banks. How is LevFin at Japanese Banks (Mizuho, SMBC) viewed on the street? Also I am curious about exit ops and lateral movements if anyone has any experience. From what I can tell the hours and pay are definitely less, but is the work generally the same?

Thanks in advance

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Best Response

Can only speak regarding Mizuho. Work is similar: you do lbo models, comps, research, write papers, but you don't do any lead left stuff (bank book, lender presentation, etc.).

The good: pay in line with street (i.e. $85k for first year analysts), good relationships with megafunds (esp. KKR and TPG), lots of responsibility (you will model and write the credit paper), small deal teams, big balance sheet

The bad: Never are lead left, often work just as long hours as other places, no middle market deals, dumb credit committee (seriously), no headhunters are going to email you, not a lot of exit opps data (only like three analysts have left in the last three years), large balance sheet is why sponsors come (they want your money not your advice)

 

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