Nomura Greentech
Can anyone provide any information on their Greentech? Anything would be helpful like hours, comp, culture, etc.
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Had a very bad interview experience in the past couple years. Very disorganized (something you may have read elsewhere on here, appears to be a recurring theme) and honestly kind of rude. Some people were great, some less so. Culture seems very mixed, but that's a risk at a lot of banks, so your call.
I don't know as much about comp, but believe I read it's not quite as strong as it was pre Nomura. Maybe similar to street, I don't think more. Hours seem tough; they definitely grind pretty hard.
That said they're an interesting bank. The Nomura platform gives them a massive advantage in Asia, and they are extremely specialized in a hot space, so would expect decent things to come, though less prestige in a weird sense post-acquisition.
To add a different perspective -- my interview experience was pretty positive. They were really quick and clear on communication, actually asked what day and time worked best for me for the Super Day, and was quick to let me know the results as well. Miles better than so many of the other banks that I interviewed with who just ghosted me or responded super late.
That’s really good to hear. Maybe I was an anomaly. Some people, including those I networked, with were awesome. Would be great to hear I was just unlucky.
Does anyone know whether they’re still recruiting interns?
I am an ex-banker there. If you have no other option, fine to join them. A lot of admin work for analysts. It is not uncommon to see Analysts staying up at 2 AM to send out newsletters. Many recruiting firms don’t include Greentech analysts in on-cycle recruiting. Therefore, exit can be difficult (all previous exits were off-cycle.)
Current/former GT banker:
Comp: Before the Nomura merger, GT had top of the street comp, with maybe only Centerview paying more. Bonuses of 100%+ of base were consistent for years for analysts (think $90-$100K for first years, $120K for second years). After the Nomura merger, bonuses have been aligned with general Nomura IBD. Last summer's bonus was ~$75K for first years (80 for top bucket) and ~$100K for second years. For the associates that stayed, apparently they got screwed over with super low bonuses and had to renegotiate to get higher bonuses. I foresee GT comp to be more in line with Nomura comp, because like it or not, "Nomura Greentech" is not going to last. GT is inevitably going to be eaten up by the larger Nomura IBD franchise and just become a coverage group.
Culture: Absolutely fantastic junior culture. The analysts were super tight, and this is really the only saving grace about the firm. Small class sizes combined with certain offsite events definitely helped junior relationships. Senior culture on the other hand is the opposite. Extremely aggressive senior bankers who will dive on a lot of pitches and deals has created a living nightmare for analysts. Understaffed junior team + strong deal flow = disaster.
Hours: No secret hours are terrible, and not even for banking standards. Just purely inhumane. Very old timer facetime culture, and even tho they say they want to be more flexible with WFH, best believe they give a shit if you are in the office or not.
Also look at the datapoints: All second years left, and the ones that stayed were laterals who had only <1-1.5 years at the firm. Just about every first year analyst left (class of 2020), and exits were definitely reflective of this "gtfo" mentality. First years either lateraled to other banks or went to smaller ESG/energy companies/investment shops with better WLB.
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