M&A / CorpDev groups at Japanese Trading House Conglomerates
Friend in the industry recently sent me a job opening for an M&A / Corporate Development group at a large Japanese trading house conglomerate (one of Mitsui, Marubeni, Mitsubishi, Itochu, Sojitz type companies). The position is based in NYC.
Anybody have any experience with these types of groups / guys? From what I can gather, comp is going to be quite low but pretty good work life balance, with another minus being having to deal with passive aggressive Japanese culture. These guys look like they do an acquisition every other year or so.
Thoughts? Any insights are greatly appreciated.
Based on the insights from Wall Street Oasis, Japanese banks and financial institutions, including large trading houses, are known for their strict hierarchical structures. This is primarily because they are still influenced by major trading houses that date back to WWII. When working with Japanese clients, including those in M&A or Corporate Development roles, it's common to encounter a slow decision-making process filled with bureaucracy and politics. This can be frustrating, especially for those accustomed to a more dynamic and fast-paced working environment.
Here are some key points to consider if you're looking at a role in an M&A/Corporate Development group at a Japanese trading house conglomerate:
Compensation: As you mentioned, the compensation might be lower compared to other similar roles in the industry. This is partly due to the overall conservative financial approach of Japanese firms.
Work-Life Balance: Japanese firms, including trading houses, are known for offering relatively good work-life balance. This could be a significant advantage if you value having time for personal activities outside of work.
Cultural Challenges: The working culture can be challenging due to the passive-aggressive communication style that is sometimes prevalent. Additionally, the strict hierarchy can mean that approvals and decisions take longer, which might be a source of frustration.
Frequency of Deals: As per your observation, these groups might not engage in acquisitions as frequently as other more aggressive players in the market. This could mean less frequent high-stress periods but might also impact the learning and growth opportunities available through hands-on deal experience.
Long-Term Stability: Japanese companies are often very stable and can offer a secure long-term employment option, which is an important consideration depending on your career goals.
If you're considering this opportunity, weigh these factors carefully against your career aspirations and personal working style preferences.
Sources: Knowledge Sharing: Corporate Development / M&A, Culture at Japanese Banks?, Best Groups at Nomura (NYC IBD), I Need You, WSO + Its Time To Move - Asia Job Search, Lifestyle/Comp of Industry Groups
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Anybody? Nothin?
Good wlb at a Japanese trading house? Is it April Fools?
It's a trading house and not super acquisitive, not an investment bank. From what I hear this is why the WLB is good. Have you heard different?
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