Nomura Investment Banking Summer Analyst
I recently signed an offer at Nomura for 2023, however, have been weary of the firm's criticism on here. Is Nomura not a good place to intern at? Would Investment Banking at Nomura on my resume be frowned upon? Really appreciate your views!
No, I think compared to the other banks talked about here, it isn't necessarily the same tier. That being said, it still is a pretty big and well-known IB. You may have more difficulty exiting, but that's only relative to EB/ other "top" BB. Most common things I hear is sweaty culture
In the same boat, signed recently. Is it common/easy to lateral out of Nomura to a better bank for full time?
You may be falling victim to a bit of WSO prestige whoring here. Is Nomura going to be as good for you as a top BB (GS/MS/JPM)? Obviously not in terms of laterals or exits. Will it be frowned upon? Not really either. Have friends that went to nomura and lateraled out, but they did have to work a bit harder. This is because they compete with other "more prestigious" banks and got a bit worse deal experience during their period as a summer analyst.
Considering that you want to lateral. I'm working with the assumption that you understand this although as it was not one of your top choices. Especially as you've already signed and there are very few other banks still recruiting (Wells, RayJay, and maybe CVP NY if you're lucky), it isn't that much better of an experience at any other of these shops (apart from center view). If you can get a spot at center view, then by all means do it, but at this point you're going to an investment bank with a recognizable name, so take the offer and just realize you may have to work a bit harder.
Know many people interning at Nomura, heard they’re getting no deal flow. Friend told me they’re out the office by 8. Think they have a solid rep, but not pulling in business like that.
Do you know which groups? Sounds good for WLB
Are the groups that have no deal flow constantly pitching or is it still pretty chill?
Which groups are pulling deals right now? Definitely trying to say fuck WLB for now, I need the deal experience lol
Don't be fooled by the prestige whoring on this site, yeah its true they have lower dealflow but honestly its still a great credential on your resume and if you go full time there you will still be making a crap load of money out of undergrad (just slightly less than the guy at the EB/top BB). I can speak from personal experience because I work at a similar "lower tier" bank, the ranking of your bank matters in exactly one context-- on-cycle private equity recruiting. You are not going to be getting a sweet PE gig straight out of Nomura unless you are the most well connected dude out there. However at my bank people seem to have no problem lateraling to more highly ranked banks and plenty do private credit or random MM private equity shops. I've heard Nomura doesn't have the greatest culture but honestly people on this site make the biggest generalizations, once you hit the desk you'll realize culture is primarily driven by your immediate team so you could get lucky.
If you join the Greentech & infra team, you'll have a good deal flow. I know that as I worked in this group in London. The team was turning down deals as everyone was so overworked.
Plus, you have a very good exposure. I was working on complex infra models in my first 6 months. I later joined a BB and was one of only few to actually know how to model.
Lateraling to KKR will be tough indeed. Lateraling to a BB will be relatively easy.
Culture was also great.
With that being said, this was in London. Also, that is true that some groups have no deal flow, so I'd be careful with that
How’s the Greentech rep in the US?
How were your hours in the greentech & infra team during your stint? (e.g. average time leaving the office/weekend work)
It was tough honestly but you get used to it. I think I was going home on average at 12 to 2am, doing around 90/110h a week with weekend work.
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