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

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.

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.?)

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!

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (14)

Sep 22, 2011 - 2:20pm

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 - 3:46pm

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

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Sep 26, 2011 - 11:03am
------------ I'm making it up as I go along.
Start Discussion

Total Avg Compensation

May 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (195) $233
  • 2nd Year Analyst (110) $151
  • Intern/Summer Associate (96) $145
  • 3rd+ Year Analyst (26) $145
  • 1st Year Analyst (404) $131
  • Intern/Summer Analyst (330) $82