This is my first post, but I thought I would reach out and ask fellow monkeys. I will be starting at SMBC as a 1st year IB analyst in July. Are there any PE firms that target SMBC? I know BB 1st years are inundated with emails from headhunters. I was just curious. Thanks so much!
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Bump
Ive never seen any banker or PE professional come from SMBC (only been in banking little less than 2 years) so cant expect PE exits to be any good if at all
None. The IB (advisory) side is weak in the US. The lending side is okay but they hardly ever lead. Seen one dude go to a failing BDC from their middle markets team, the BDC blew up and he ended in capital markets at SMBC because the skill set is just not there to be marketable to other places. If you have no other option then obviously go for it, lateral to a good investment bank, then recruit for PE.
Thanks for the feedback. I appreciate it
That being said, you should be proactive and reach out to the headhunters and know your shit. You’ll get some looks I imagine
From the lending side is there any opportunity to lateral to a stronger player or will that be an uphill battle?
There is. One guy moved to Golub, there have been others. If you’re top notch, you’ll get good looks
I Know someone who lateraled to a lower end BB
SMBC is good in shipping and they are respected in that industry but can’t say I’ve seen them do much else
dont the nordic banks lead in shipping
Sure you see SEB in some syndicates but you need low funding costs and very large balance sheets to finance multi billion $ vessels, both of which Japanese banks have and they love « real » assets
got it thanks, I though nordea and dnb lead the industry
Bump - any updates regarding this topic? Would also be great to hear about their pay and culture.
Do 6-8 months and lateral to a BB/EB. Very doable in this market. Your PE looks from SMBC will be few and far between, and not good opportunities
bump - considering the same thing
As others have mentioned, very few people exit directly to PE but it is an easy feeder to a BB/EB. They are constantly losing people to higher ranked banks.
Oh yay! that is good to hear
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