From the monthly archives:

June 2012

Many American business and finance students, both undergraduates and graduates, consider New York City to be the only place to begin an investment banking career. However, opportunities abound in London as well.  One such opportunity is as an analyst or associate with Nomura Holdings Inc.

Based in Japan, Nomura is an internationally-focused investment bank that serves retail investors, institutional investors, and corporations. Nomura’s primary goal is to become one of the top 10 investment banks in the world according to James DeNaut, head of investment banking for the Americas for Nomura.  Per a recent Bloomberg News article, Nomura is planning to triple the number of executives in their American investment banking division. Nomura has expanded rapidly from 900 U.S. employees as of March 2009 to 2,350 employees this year.

This is a huge opportunity for both students and experienced investment bankers.  For students and recent graduates, Nomura offers a full-time program beginning in New York, and then culminating in an intensive, four-week training in London.  According to Nomura’s website, this program will cover accounting, modeling, valuation, deal structuring, and client skills—everything a new analyst or associate needs to learn to get started in investment banking.

For more information or to apply for this training program, see Nomura’s career site. Check out the “Our People” section of the site. Here recent graduates discuss how they got started at the company and where they’ve progressed to now.

At Milkround.com, an anonymous investment banking analyst discusses a typical day. Interestingly, this could be a typical day at any major investment bank. The biggest difference is that even this junior broker is given access to clients! As he or she states, “I often go to client meetings, attend their results presentations and go to lunches and dinners with them.  As a team we regularly entertain clients at concerts and sporting events. Such client contact and responsibility does not usually come to analysts in investment banking so I definitely count myself as one of the lucky ones!”

For experienced investment bankers, joining Nomura could be a lucrative career move.  As hiring at rival investment banks stalls and layoffs at those banks increase, Nomura is well-positioned to pick and choose top talent.  Joining a growing firm should have some serious perks, such as more opportunity for advancement than the old stalwart firms in investment banking, and more leverage to get the compensation and benefits you deserve.

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