TD Securities S&T Equities or Nomura S&T

I have recently received an offer for both, hopefully going to end up being a trader on the equity derivatives desk down the line. What would probably be the best way to go for my future. Thank you! 

12 Comments
 

Based on the most helpful WSO content, here's what you should consider:

  1. Nomura S&T: Nomura has a solid reputation in S&T, particularly in certain regions and desks. However, its equity derivatives desk might not be as globally dominant compared to some other major players. If you're aiming for a strong equity derivatives career, you should evaluate the specific desk's performance and growth potential at Nomura. Additionally, Nomura's reputation in S&T is often seen as more regionally focused, so consider where you want to build your career geographically.

  2. TD Securities S&T Equities: TD Securities is known for its strong presence in North America, particularly in Canada. If you're looking to focus on equity derivatives, TD's equities platform might offer a more regionally concentrated opportunity. However, its global reach and brand recognition in equity derivatives might not be as extensive as some other firms.

Key Factors to Decide: - Desk Strength: Research the specific equity derivatives desks at both firms. Which one has a stronger reputation, better deal flow, and more opportunities for growth? - Geographic Preference: If you prefer to work in North America, TD might have an edge. If you're open to a more global career, Nomura could be a better fit. - Exit Opportunities: Consider which firm will provide better exit opportunities into buy-side roles or other trading opportunities in the future. - Culture and Fit: The work environment and culture can significantly impact your experience. Try to gather insights from current or former employees at both firms.

If your ultimate goal is to end up on an equity derivatives desk, prioritize the firm with a stronger platform and better resources in that area. Good luck!

Sources: Q&A: Equity Derivatives S&T, https://www.wallstreetoasis.com/forum/investment-banking/should-i-pursue-st-or-ib?customgpt=1, Is S&T still a good career path?, Nomura IBD vs S&T London office SA 2021, offer compare: Nomura S&T option desk VS blackrock PAG, active investment analytics (NY)

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Suscipit exercitationem eveniet culpa sit. Inventore ut ea possimus omnis inventore. Eos libero et aspernatur sed. Aut blanditiis enim voluptatum fugiat. Ipsum excepturi atque nesciunt explicabo sapiente dicta. Ipsam qui dolorum rerum quia et qui dolor. Sunt nihil et nobis repudiandae est rem.

Sint praesentium aut corporis quo pariatur architecto. Non mollitia possimus voluptatem tenetur. Voluptatibus blanditiis eligendi eos et dolor architecto. Odio harum voluptatem molestiae nobis quisquam quas voluptates. Beatae excepturi esse qui qui eligendi. Magnam culpa odio explicabo assumenda.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”