Sumitomo Mitsui's 6 month analyst training program
Hi WSO,
I saw a posting for Sumitomo Mitsui's 6 month analyst training program. I was wondering if anyone on WSO had any experience with the program? Does Mitsui do this in lieu of the traditional summer analyst programs. How many hours per week during the school year is one required to work? I think it looks like a great program from both the student and bank's prospective.
2015 Analyst Program - Real Estate, Gaming & Leisure Finance Department
Sumitomo Mitsui Banking Corporation. - New York, NY
The Real Estate, Gaming & Leisure Finance Department is currently comprised of three distinct businesses: Private Equity Fund Finance; Commercial Real Estate lending, including Real Estate Investment Trusts, and; Hospitality and Gaming finance.
The Analyst Program is a 6 month developmental program consisting of coursework and development assignments for degree entry-level professionals.
This program is designed to provide a quick start to select degree entry level professionals who demonstrate high degree of intelligence (intellectual, emotional and cultural), possess a keen desire to build a career in the financial markets industry, have demonstrated learning agility, abilities to get things done, creativity and resilience. This program will build upon the existing skills of participants by exposing them to general financial and SMBC specific training, as well as short term rotations through Credit and Research.
After completing the program successful graduates are expected to move into full time positions within a business unit that will utilize their individual strengths. Participants in this program need to be willing to relocate domestically or globally in order to progress their career.
Responsibilities:
Key Responsibilities
Develop an understanding of private equity fund finance, commercial real estate, hospitality and gaming finance – 10%
Financial Analysis of existing and potential Borrowers – 20%
portfolio management responsibilities, including credit reviews of existing transactions – 40%
Support Relationship Managers with new / potential financing opportunities – 20%
Stay current with industry trends – 10%
Six Month Program
-Successfully complete pre-program eLearning coursework
-Successfully participate in academic program including: completion of reading and work assignments, classroom participation, team work with fellow-Analyst Trainees and strong test scores.
-Complete rotations with Credit and Research; achieving a meets expectations or better rating.
Post-Six Month Program Assignment
Assist with the credit review process, portfolio administration and support the Departments’ Relationship Managers in origination, structuring, documenting and closing transactions.
Essential Functions of the Position:
Financial analysis, industry research and supporting senior staff members.
Qualifications:
Key Competencies/Skills:
Analytical – 15%
Written and oral communications – 15%
Presentation – 10%
Ability to manage multiple priorities 10%
Learning agility – 20%
Detail Oriented – 15%
Ability to work in a team environment – 15%
Preferred Previous Work Experience
Office work
Financial Services Firms internships
Preferred Education/Licenses/Certifications/Registrations
Bachelor’s degree, or its equivalent
Finance/Accounting courses
Other Skills, Abilities and/or Training:
Deliver results and meet demands
Constantly be driven to learn and research
Decisive
Self-starter
It is not an internship. It is more of an internal training program geared towards you learning more about the firms culture and employees. Theyre fairly new to US full-time recruiting, so they use this program to hedge any potential bad eggs (if I recall this is only their 5th year doimg actual FT recruitiing in the U.S).
Disclaimer: i was accepted last year, but ultimately declined for a BB. Great firm and people, though
J.P. Morgan used to have a similar program until the early to mid 90s. Pretty sick if you ask me.
This looks more like corporate banking though?
They do a ton, primarily opening large lines of credit for project finance in the oil and gas regions. But know a friends who currently works there and have heard they work on some M&A deals and traditional ibd work. But, as stated earlier, corporate leding and lines of credit is theit main business
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