Tokyo M&A

How hard would it be to get a BB M&A role in Tokyo as a non native, non Japanese speaking applicant with 1-2 years experience in London (research/ capital markets team)?

Impossible?

18 Comments
 

Impossible. I went to Boston Career Fair. All the BB IBD requires native speaker level in Japanese.

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It's impossible. You have to speak Japanese for starters. The interesting thing about Japan is that everyone going through the schooling system takes six years of cumpulsory English language, yet only 3% of the population actually speaks English. Additionally, the M&A market in Japan is pretty weak. Japan is a country of buyers with no sellers. It took KKR over three years to close their first deal in Japan, and it was only a few hundred million USD buyout. Most of the people I know in Japan M&A and PE are trying to get OUT because the deal flow is so crappy (several PE shops have closed their Japan offices or scaled back considerably in recent years after a big push pre- and post-Lehman).

 
RavenousIt's impossible. You have to speak Japanese for starters. The interesting thing about Japan is that everyone going through the schooling system takes six years of cumpulsory English language, yet only 3% of the population actually speaks English. Additionally, the M&A market in Japan is pretty weak. Japan is a country of buyers with no sellers. It took KKR over three years to close their first deal in Japan, and it was only a few hundred million USD buyout. Most of the people I know in Japan M&A and PE are trying to get OUT because the deal flow is so crappy (several PE shops have closed their Japan offices or scaled back considerably in recent years after a big push pre- and post-Lehman).
Kind of confirms what I always believed that Japan is not big on new businesses.
 
Best Response
musto430Sorry to keep switching this discussion - how does everything above compare to HK and Singapore?

Singapore is fairly easy to get into for experienced hires even without speaking foreign languages beyond English. There are a ton of Asia funds based there due to the beneficial tax codes. In fact, a lot of Japanese investment firms have relocated to both HK and Singapore for that very reason. There are definitely some big emerging market / Asia funds that have recently been hiring analysts (and may still be) in Singapore -- I interviewed with one but passed because they have a history of blowing themselves up. If you want to do Singapore, I would check out INSEAD's program as they probably have good local placement.

Am not as familiar with HK -- obviously everyone there speaks English, but a lot of HK business is still China-focused, so Mandarin is a must for most of the jobs I've seen. Easier to crack than Japan, but still not an easy move.

Regardless of the country, you are going to have a tough time moving to new geographies without any experience. You have to offer any of these firms something pretty substantial for them to want to even consider relocating you.

 

Way to completely derail my thread, guys : (re: graphs - only if they have pretty colours...)

Currently: future neurologist, current psychotherapist Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 

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