Where should you send your CV if you want to target an expansionary bank which isn't averse to paying above market rates? Try Nomura in the U.S. Not only is the Japanese bank on an American recruitment drive, but it says it's being compelled to offer big pay packages simply to attract people to work there.
The Wall Street Journal points out that Nomura has doubled U.S. headcount since 2008 and that it still has space for another 800 people to work at its new U.S. office. Those jobs should be secure. Atsushi Yoshikawa, Nomura’s president and the head of its investment bank, told the WSJ that Nomura has no intention of building up in the U.S. only to cut back again in a few years time. "We need to be consistent," he said.
Yoshikawa also said that Nomura had been compelled to pay more than other investment banks to hire people after the financial crisis. The Japanese bank lacked a strong brand in the market and therefore, “didn’t have the luxury of attracting talented people at a cheap price,” said Yoshikawa. In London, data from self-reported compensation company Emolument suggested recently that Nomura pays its senior staff up to 70% more than rivals like Deutsche.
Separately, Bloomberg has identified a type of job where employment opportunities are going through the roof: data science, recently identified by Harvard Business Review as the 'sexiest job of the 21st century.' Data science practitioners are so sought after that jobs 'fall into their laps', says Bloomberg. As data increases exponentially, so will their job offers.
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There is an anti-hedge fund protest in Mayfair today. (Twitter)
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