Incoming at SMBC in Corporate & Investment Banking. Curious to hear what their best groups are in terms of deal flow, culture, hours, exit opps, etc. Any insights on their Tech and Industrials group in particular would be much appreciated!
| +209 | Return Rates For Interns Are Falling? | 85 | 1h |
| +128 | UBS Americas IB: The Kids’ Table of Wall Street | 16 | 1d |
| +104 | I am a drunk MD AMA | 39 | 34m |
| +80 | KISSED MY VP… HELP!!! | 14 | 16h |
| +63 | VP Lifestyle at Top BB Coverage Groups | 40 | 19h |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 3d |
| +49 | SharePoint makes IB hours HELL | 15 | 3d |
| +49 | UBS Offer Day | 18 | 17h |
| +44 | momentum of Rx groups | 16 | 23h |
| +34 | WF Return offers | 20 | 19m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
SMBC CIB is all corporate banking, so deal flow are all relatively similar with shelling out term loans/RCF/treasury products. Advisory mandates are all outsourced to Jeffries. People tend to stay forever, limited exits.
Not true I’ve seen decent exits into IB either for FT or lateraling 6-8 months into UMM and lower BB IB
Most are on the LevFin/CM side. The above comment is pretty accurate in terms of coverage function. You aren’t touching the equity side of the cap structure for company—purely credit. Most of your day-to-day work is spent being an RM and trying to originate business for the various product partners such as trade finance, ABF, DCM, HYCM, and LevFin. You will run returns analysis frequently to project out returns for a certain company that your group is wants to add to their lending portfolio to see if the ancillary business would be worth joining the bank group during the RCF refi.
People exit to IB but these people typically are getting these lateral seats despite being CIB at Sumitomo not because of it. If you have SMBC CIB coverage as your experience, interviewers are going to assume CB experience because that’s what it is. There’s rarely an instance where you are doing any type of valuation.
All things considered, chill bank though and people are amazing.
Source is my friend who I lived with worked there
Great write up thank you so much, first proper explanation I’ve found on this website. Seems like culture/hours:pay ratio is quite good as well from what I’ve heard. If coming from a semi-target/target, do you think still think it’s feasible to recruit for IB FT? I understand interviewers will see it as just being CB, but is the jump from CB to IB doable?
Sit sed aliquid et autem. Eum qui asperiores rerum aut autem earum possimus. Quod sit ut et qui qui qui ut. Laudantium cupiditate temporibus ipsa neque.
Praesentium eos quibusdam natus non. Et fuga velit et aut a est voluptas. Natus quia voluptates debitis quia ea. Temporibus et praesentium voluptatem et occaecati incidunt. Atque fugit quidem laborum nihil maiores cupiditate perferendis.
Soluta exercitationem qui quos amet. Quis omnis explicabo voluptatem eum totam.
Atque harum velit enim perspiciatis eum. Eos est ipsum voluptatum quos. Dolorem eum provident tempora quia sint ea.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...