Pros
-Good healthcare (low cost to workers) -some research teams realize it’s not the best shop, so you can have a good work/life balance on those teams
Cons
-Research falls under equity trading management, meaning pay for equity trading is prioritized over research (unlike almost every other bank). Equity trading is structurally declining (computers can and will eventually do all the work), so you can imagine how pay goes for research. Pay is not competitive with other banks, and is quickly being surpassed by boutique research firms. -Little, if any, emphasis is placed on training or continuing education. It is very clear Instinet is Nomura’s cost reduction effort. -Instinet is owned by Nomura, so any good year ultimately benefits the parent company, not Instinet or its employees.