Nomura thoughts? - 2021
Hi everyone - would love to hear about Nomura and how they compare to their competitors. Additionally, how do their M&A and ECM teams perform?
Thank you!
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Don't know about the groups but think that most of the groups had a ~50% FT offer rate.
Wow, that's awfully low. Was there a particular reason for the low offer rate?
Bump
ECM team sucks. I don’t think they’re top 10 for any kind of equity deals. They’re getting beat by Mizuho and MUFG in league tables. However, any offer is better than no offer.
That's a shame. Do you know whether it would be easy to lateral from Nomura ECM? ECM really interests me but unlike M&A, not every firm has an ECM position.
Yes lateraling from one ECM team to another is somewhat easy. I saw a guy go from Wells Fargo ECM to Goldman Sachs. Keep in mind though that ECM is very cyclical so banks might not be hiring at all in ECM at certain times if the economy is bad.
curious about s&t, have heard they do well in rates and mortgages
They are rly strong in most products
dont have any mortgage business as far as i am aware, at least not outside the US. they are decent in rates.
Any insight into the New York FIG, Industrials, and TMT groups?
Weak group, don’t go. That is u less you care about a sushi bar.
How would you compare Nomura TMT/M&A to smaller tech focused boutique like FT Partners/Union Square Advisors? I’m looking for a lateral move
FT Partners is much stronger to my understanding.
Has anyone applied for nomura 2021 analyst role? If so, has anyone got an interview?
They have a decent SPAC team within ECM
The SPAC team recently left for William Blair
One person leaving doesn’t equate to the entire SPAC team falling apart - they still have significant deal flow both front end and DeSPAC
Rather work at a regional boutique or MM with deal flow that only the team can take on than at a place like Nomura/BMO/HSBC/SocGen/BNP Paribas etc. especially if you wanna close M&A deals. Just my opinion...
Interned there last summer and was part of the 50% who did not get a return offer (now going to an EB).
Memes aside, avoid Nomura. During the internship, we were told that the interns would be safe since they already laid off a bunch of people midsummer, but that wasn’t the case on decision day.
Morale in my group and other groups was pretty low. Mostly pitching and not winning any mandates. Turnover is quite high at the junior level (my analysts and associates have moved to better banks / buyside). The only exceptions are probably Greentech, LevFin, and Sponsors.
While I acknowledge that I could have tried a bit harder, made fewer mistakes to be in that top 50%, seeing near 100% return rates at other banks made it clear that Nomura was / is not a good place to be.
Not directly related but could you touch on how you went about FT recruiting from Nomura to ur EB?
Thanks for your insight, its super helpful! Can you also expand on what you think cost you the return offer? What specific mistakes did you make and how do you think you could have done better?
Any idea how their industrials/A&D teams are? Got through for a 1st round and am curious
Interned there this summer and everyone received a return besides ~3 individuals
Anyone have an idea of what culture on teams look like in NYC?
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