IBD (JefferiesNY/Nomura) vs. AM (TRowe/Brandes/JPM) full-time

tchekm845's picture
Rank: Baboon | 112

Hey All,

I've read a lot of topics here and I know some of you guys are way more knowledgeable than I am when it comes to IBD vs AM and specific firms.

I've got a specific question I hope you guys could help me out with. What are your thoughts on compensation/exit opps/the street's view/etc. on these guys? I'm thinking of going HF or PE or maybe going an entrepreneurial route but would prefer taking one of these jobs first.

IBD:
Jefferies (Seems to get bashed alot...whats the deal w/ these guys?)
Nomura (What is Wall St.'s sentiment towards these guys right now? How are they performing, etc.?)

AM:
T Rowe Price (Prestigious? Kind of in B-more...not the most idealistic place to be)
Brandes Investment Partners (Out in SD but I hear they have a poor pay structure...and 4 yrs is a long time)
JP Morgan (Don't know if still hiring but trying to network in)

Also what are your thoughts on AM vs Equity Research...and AM-->HF vs ER-->HF

Thanks in advance!

Comments (14)

Sep 22, 2011

IBD has the most exit ops

Sep 22, 2011

Sounds like you're not too crazy about the AM options so I would probably say stick with IBD if you have those offers. I don't really think Jefferies v. Nomura is much of a competition in the USA, assuming that's where you are. Globally it's probably more of a wash, maybe edge Nomura, but in the USA Jefferies is a clear winner. Both firms have momentum but Jefferies will likely give you much better exit opps and deal flow. They're both growing and if you have both offers you can't go wrong, but I think Jefferies is the safer bet.

Sep 22, 2011

It sounds like to me that Jefferies has a bad rep...Nomura NY i hear is mostly now a mix of ex-Lehman (non-US) and veterans from other BB's because they pay well...

I interned w/ a hedge fund this summer but it seems like the HFs that recruit ugrad only target Harvard/Wharton; haven't had much luck on that front. AM is different and I'm unsure about exit ops from AM...I think I would only seriously consider it if it were JPM

Sep 22, 2011

Take Jefferies, hands down... I've actually met Jefferies alums at PE and VC firms

Nomura is nothing in the U.S.

If you start in asset management you will get paid less in base (except maybe JPM), and your bonus will be paltry

Sep 22, 2011
Solidarity:

Nomura is nothing in the U.S.

..........yet

Sep 22, 2011

Apparently Nomura's S&T and capital markets teams aren't half bad but in terms of M&A advisory they have yet to make a mark

Sep 22, 2011

Is Nomura and Jefferies still recruiting?

Sep 22, 2011

JPM Investment Management is full. But you could try the private bank.

Sep 23, 2011
pestilence:

JPM Investment Management is full. But you could try the private bank.

The JPM asset management position is still open on my school's job board

Jefferies and Nomura are both still recruiting as well, but the resume drops for FT have already expired

And I feel like a Jefferies cheerleader on these last two boards haha but it really IS your best offer

Sep 22, 2011

Not asking for JPM

Sep 23, 2011

I was trying to help the original author figure out who's hiring.

Sep 23, 2011

O I C. You know anything about Nomura and Jefferies?

Sep 26, 2011

For those of you on Wall Street - what is the street's view on Nomura?

Sep 26, 2011
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