Make an impression

We are looking for the next generation of entrepreneurs and leaders to shape our future

About Nomura

Careers in global investment banking

Make an impression

At Nomura you will discover a unique spirit and proud heritage. Since 1925, Nomura has built on a commitment to deliver unique value to clients by connecting markets East & West. We continue to service our clients in a differentiated way, providing creative and entrepreneurial solutions.

If you are keen to be a part of a highly nimble and diverse workforce that offers opportunities for you to build a long term career, then come and discover more about Nomura. This could be a perfect fit for you.

Since our founding we have accumulated an unparalled depth and breadth of experience throughout Asia and the rest of the world. We are a highly integrated global network of 27,000 people in 30 countries across our retail, asset management and wholesale (Global Markets and Investment Banking) divisions.

Help us realize our strategy and ambition by joining us in one of our three wholesale businesses:

  • Global Markets
  • Investment Banking
  • Corporate Infrastructure (ie, Operations, Technology and Finance)

For Japanese-language information about our opportunities in Japan click here.

Message from the Group CEO

Supporting Japan's Future

Our home market of Japan is on the verge of significant change. Since the new government came to power in 2012, we have seen early signs of an economic recovery. To build on this momentum, we need to look hard at what the country requires and how we can contribute.

Given that Japan is the world's largest creditor nation and has the world's fastest aging population, one area that requires attention is the creation of a new social framework. At the same time, we need to revise the structure of our financial system. For Japan to grow sustainably into the future, the capital markets will have to play a more prominent role. Indeed, Japan's approximately ¥1,500 trillion in personal financial assets holds the key to the country's future growth. Nomura aims to support this growth by facilitating the flow of funds throughout the economy.

Connecting Markets East & West

Asia is expected to account for half of the world's GDP by 2050 and will no doubt remain the growth engine of the global economy over the coming years. However, for the region to realize its full potential, Asian countries must finance the large-scale infrastructure projects required to underpin economic growth. Japan can play a leading role here, growing together with the rest of Asia by putting its financial assets to work across the region. With Asia as our home market, this is an area in which Nomura has a distinct competitive advantage.

As economies around the world mature and become increasingly global, companies and investors in the West are looking East for growth opportunities. As the only Japanese financial institution with a truly global network, Nomura is well placed to connect markets in the East and the West by leveraging our franchise to provide liquidity in the world's capital markets. By meeting the needs of our global client base and expanding our business, we can contribute to economic growth and social development.

In doing so, we aim to win the trust of our clients and society as we work towards being Asia's global investment bank.

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Nomura History

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Diversity & corporate citizenship

Corporate citizenship

Nomura is actively involved in local communities in Asia, most notably where we do business, such as Australia, China, Hong Kong, India, Korea, Malaysia, Philippines, Singapore and Taiwan. Nomura focuses its regional volunteer and fundraising efforts towards educational and environmental initiatives, as well as programs focused on the elderly, through Nomura CARES (Community Affairs, Raising funds, and Employee Service), a grass-roots employee philanthropy committee.

In Hong Kong, Nomura CARES recently launched a unique partnership with Changing Young Lives Foundation

Changing Young Lives provides health, welfare, educational and recreational programs for disadvantaged children in Hong Kong.

We also participate in a number of other philanthropic and CSR-related activities which we participate in on an annual basis:

  • Hong Kong Cleanup - Each year the employees of Nomura take part in their own cleanup day at a local beach for four years running, which has engaged over 60,000 participates and cleaned over 250,000kg of waste from Hong Kong’s beaches.
  • UNICEF Marathon – dozens of Nomura employees complete the run and raise funds that go to providing mother’s in under developed countries with HIV tests.
  • Box of Hope – employees fill gift boxes for children in Southeast Asia with fun and educational items which are given around year-end holidays.
  • Earth Hour – Nomura participates in this global event, joining tens of millions of concerned citizens and corporations throughout the world in calling for action to save our planet for future generations.

With over $500,000HK raised for various charities and strong support from regional management, Nomura CARES will continue to widen its footprint to have a greater impact in the communities where we do business. The company always looks to create opportunities for a sustainable future, making sure that the decisions made today support the success of future generations.

Diversity and inclusion

We want to harness the value of diversity to create a sustainable organisation, and drive performance, revenue, market share and profit. Our Diversity & Inclusion team partners with all employees to embed diversity into how we do business.

Diversity is critical to our success as a firm and to our ability to attract, develop, engage and retain the very best people, regardless of their background, from the widest talent pools. We seek to:

  • Create a culture that fosters teamwork, eliminates “group think” and encourages the open exchange of ideas and excellence in all we do
  • Remove any internal barriers and bias which may hinder performance or progression of our people
  • Foster an inclusive work environment where every individual is valued, their talents are fully utilised and they have the opportunity to maximise their contribution to the firm
  • Create a culture of accountability to ensure we embed a mindset of diversity in everything we do

Nomura is committed to fostering an inclusive work environment, where our people can and do realise their full potential. Our employee networks, our inclusive benefits plans and our workplace practices and policies are all designed to help us achieve this goal.

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Our Business

Built to value ideas

Intellectual Capital in Action
Get a unique perspective from our international experts – Connecting Markets East & West.

Nomura provides investment banking services across the Asia Pacific region. We have a client-centric model and continue to make significant enhancements to our investment banking platform, global distribution, structuring expertise and product capabilities.

We continue to significantly increase our global footprint where we believe we have a competitive advantage and can best serve our clients, employees and shareholders. By putting our clients at the center of everything we do, we provide high value-added solutions and contribute to economic growth as Asia’s global investment bank.

Annisa Lee
Head of Flow Credit Analysis, Asia ex-Japan

Kevin Gaynor
Global Head of Asset Allocation Strategy

George Goncalves
Head of US Rates Strategy

Selim Toker
Hedging Balance Sheet Risk

Nick Kenworthy
Head of Research Sales, UK

Richard Byworth
Head of Multi Strategy Sales, Asia ex-Japan

Investment Banking

Our Investment Banking Division provides a variety of advisory and capital-raising solutions to corporations, financial institutions, governments and public-sector organizations around the world. Our global teams act as geographic, product and industry specialists.

Corporate Finance Advisory: Sector and country coverage professionals are critical in identifying and analyzing deal opportunities and managing client relationships. The ideas generated can have a tremendous impact on a sector.

Global Finance and Capital Raising: Global Finance is a combination of product experts, who are focused on providing tailor-made client solutions in debt or equity financing. The group works closely with Corporate Finance, M&A and Global Markets to originate structure and execute deals across the globe.

We deliver Asia to our clients – accessing deep pools of liquidity and dynamic growth markets, with cross-border collaborations in M&A, DCM, ECM, and solutions businesses.

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Global Markets

Nomura's Global Markets Division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent, client relationships and technology.

By developing strong relationships with our client base through consistent interaction, independent advice and pre-eminent access to Asia, we have built a powerful global franchise across interest rates, currency and credit products. Our client services cover both high-volume flow products and carefully tailored structured solutions. We have adapted to the changing financial landscape to build a client centric focus differentiated by innovation, electronic and service excellence and market-leading derivatives capabilities.

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Corporate Infrastructure

Our Corporate Infrastructure Division is what underpins the success of the entire organization. It is internationally renowned and structured to deliver a world-class client service. We rely on it to build and support the business, helping us deliver innovative financial solutions that set Nomura apart in the global marketplace.

In our highly competitive and fast-paced industry, strong infrastructure teams are fundamental to our success. Work in these areas (Compliance, Finance, Operations or Technology) with us and you will operate at the forefront of your field, as well as gaining a valuable insight into how Nomura operates on a global scale.

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Our People

Talented people to drive our business forward

Nomura believes in harnessing the ambition of talented and intelligent people to drive our business forward. Our graduates' entrepreneurial spirits are helping us to realize our strategy to become Asia's global investment bank. Hear how Nomura impressed them, their experiences as interns and graduates and the evolution of their roles and responsibilities since joining.

For top tips on how to prepare for interviews please also visit the Interview Skills section.

Programs

We’re looking to recruit individuals who are motivated

Our corporate infrastructure is what underpins the success of the entire organization. It is internationally renowned and structured to deliver a world-class client service. We rely on it to build and support the business, helping us deliver innovative financial solutions that set Nomura apart in the global marketplace. In our highly competitive and fast-paced industry, strong infrastructure teams are fundamental to our success. Work in these areas with us and you will operate at the forefront of your field, as well as gaining a valuable insight into how Nomura operates on a global scale.

Corporate consists of 10 diverse divisions that all partner with the business to ensure we run smoothly day-to-day:

Information Technology

Information Technology leverages state-of-the-art IT and risk management systems to develop new applications and achieve truly cutting-edge standards. They stay at the forefront of technology and its applications for clients, partners, regulators and suppliers.

Operations

The Operations division provides the support and control infrastructure that enables the Firm to develop and deliver financial products throughout the world. Working with the Sales, Trading and Information Technology divisions, Operations professionals are responsible for the management and execution of transactions in a manner which maximizes profitability and minimizes risk. Our goal is to provide innovative and efficient approaches to the systemic investment, liquidity and risk management needs of the Firm's clients.

Finance

The Finance division supports the business through control and advisory financial management services, as well as playing a critical role in supporting the strategy of the Firm. Finance is responsible for delivering key financial information to business areas and overall Firm results, as well as being accountable for delivering financial and capital-related information to regulators.

Corporate Communications

Corporate Communications is responsible for coordinating all our internal and external communications activities, helping to strategically position Nomura as a market-leading investment bank. Communications professionals also assist in safeguarding our corporate reputation by ensuring we maintain a strong internal brand and communication culture.

Audit

Our Audit team performs risk-based audits across the Asia region and provides advisory services to senior management. The team covers all businesses including Global Markets, Investment Banking, Wealth Management, Asset Management, and Merchant Banking.

Human Resources

Human Resources plays a critical role in managing our people, the most important asset of the Firm. Partnering with our clients and managers, Human Resources professionals ensure successful planning and execution of the Firm's human capital initiatives.

Corporate Services

Corporate Services focuses on three main corporate functions: Real Estate, Services and Corporate Security. Real Estate provides a "one-stop shop" service to troubleshoot issues with facilities and critical systems engineering. In addition, Real Estate professionals manage capital works procurement, vendor appointment and management, and lease negotiations and renewals for Nomura premises in the region. Services provides market data and presentation support through Business Information Services and Computer Graphics. Administrative support is also provided through Meeting Services, Mail & Reprographics, Operational Procurement, and Record Retention services. Corporate Security looks after the general safety and security of all the office premises.

Corporate Strategy

Corporate Strategy and Planning contributes to the Firm's growth by identifying and prioritizing business opportunities, evaluating potential investments and investigating strategic partnerships. The team then organize business development meetings with potential partners and acquisition candidates, leading efforts to implement these opportunities.

Legal & Compliance

Legal & Compliance partners all our divisions to support and advance Nomura's businesses and reputation. These professionals work to manage and mitigate any legal or regulatory risks, facing the challenges that come with the region's diverse jurisdictions and dynamically evolving laws and rules.

Risk

The role of Risk Management is to support and influence senior management in the execution of its business strategy. This means acting to increase shareholder returns and optimize the Firm's return on capital, all while ensuring capital adequacy. The Risk Management team works to provide a Firm-wide capital management framework, which takes into account the availability and cost of capital, its effective utilization within and across business lines, and the overall capital adequacy of the Firm.

Risk Management's key activities include: ensuring transparency and effectively managing market, credit, liquidity, concentration and tail risk within the risk appetite of the Firm, and monitoring the effectiveness of capital utilization through the use of limit structures. There is also a great emphasis on stress testing and risk adjusted returns on capital efficiency measures.

Nomura's Global Markets division handles client transactions for financial institutions, corporates, governments and investment funds around the world. We act as market makers, trading in fixed income and equity securities, including currencies, interest rates and credit in cash, derivatives and structured products. We have taken market-leading positions across the globe by leveraging the strength of our talent, client relationships and technology.

By developing strong relationships with our client base through consistent interaction, independent advice and pre-eminent access to Asia, we have built a powerful global franchise across interest rates, currency and credit products. Our client services are far reaching across volume driven flow products and carefully tailored and structured solutions.

We have exploited the changing financial landscape to build a client centric focus differentiated by innovation, electronic and service excellence and market leading derivatisation capabilities.

The Opportunity

If you are fascinated by the markets and their movements, cycles and patterns, then global markets could be for you. You will learn about how the partnership's between the different functions and asset classes which create success for us and our clients. Our success is built on:

  • Unique intellectual capital of research and structuring
  • Strategically disciplined coverage model of our sales force
  • Superior risk taking and market making capabilitie

What will I need?

For an Analyst position you should have or expect a minimum 2.1, Distinction or 3.5 GPA (or equivalent) degree in any discipline. A Masters degree is advantageous but not a requirement. You should be highly numerate and a strong communicator. Fluency in English is essential and fluency in other Asian languages is often for certain roles and locations.

What roles are available?

Sales: Developing and maintaining strong relationships with institutional clients, including pension funds, hedge funds, insurance companies and other corporate clients.

Trading: Assisting traders in buying and selling securities in the secondary market on behalf of clients or the firm; market making and capital commitment.

Research: Collecting, analyzing and assessing industry and company information to assist the research analysts in providing market insight and investment ideas for institutional investors and internal clients.

Structuring: Designing and developing innovative products and strategies for Nomura's clients, in partnership with the trading function, to create a risk management strategy for structured transactions and, together with sales, to create a marketing strategy for our products.

Our investment banking group provides a vast array of advisory and capital-raising solutions to corporations, financial institutions, governments and public-sector organizations around the world. Our global teams act as geographic, product and industry specialists. We deliver Asia to our clients – accessing deep pools of liquidity and dynamic growth markets. We have cross-border collaboration in M&A (Mergers & Acquisitions), DCM (Debt Capital Markets), ECM (Equity Capital Markets), and solutions businesses, and across global sectors such as FIG (Financial Institutions Group), natural resources and power, and financial sponsors.

Corporate Finance Advisory: Sector and country coverage professionals are critical in identifying and analyzing deal opportunities and managing client relationships. The ideas generated can have a tremendous impact on a sector.

Global Finance and Capital Raising: Global Finance is a combination of product experts, who are focused on providing tailor-made client solutions in debt or equity financing. The group works closely with Corporate Finance, M&A, fixed income and equities divisions to originate, structure and execute deals across the globe.

Clients rely on the ingenuity and innovation of our bankers for strategic advice and financial solutions. This combined with our number #1 position in Japan investment banking allows us to deliver Asia’s global investment bank to our clients.

The Opportunity

If it is the challenge and excitement of corporate finance that drives you, then this is the route for you. We will provide you with training so that you have all the functional skills, technical knowledge and tools you will need for an influential career in investment banking. You will become a sector or product expert, working in teams to deliver analyse, market and execute transactions. Through our global network of professionals and our access to Asian markets, we can help deliver unique solutions to our clients.

What's involved? Our program is designed to give you everything you need to join the front rank of global investment bankers. You will begin with an intensive, 6-week development program, which covers accounting, modelling, valuation and deal structuring together with essential client skills. You will find that the emphasis is on practical application so that you can make an immediate impact. Throughout your development, you will be supported by a buddy, mentor, and our dedicated program management team.

What will I need?

For an Analyst position you should have or expect a minimum 2.1 Distinction or 3.5 GPA (or equivalent) degree in any discipline. A Masters degree is advantageous but not a requirement. You should be highly numerate and a strong communicator. Fluency in English is essential and fluency in other Asian languages is often required for certain roles and locations.

For an Associate role, you must have, or be completing an MBA and have at least 2 to 3 years’ relevant work experience and demonstration of a strong sense of commerciality.

What roles are available?

Deal execution: You will work closely with clients and execution teams (lawyers, accountants, consultants and bankers) on mandated transactions, including mergers and acquisitions, divestitures, capital raisings and restructurings.

Client relationship management: We want to see you generating and presenting ideas at client meetings alongside senior bankers.

Strategic analysis: We will train you to produce financial, structural and business risk analysis to support transactions and client presentations.

Have we excited your interest yet? The graduates we take on today are set to enjoy great success. If you're ready to become one of them, click here to get an overview of our business areas and choose the one that suits you.

Take a look at our opportunities to find out more. If you are a final year student, you will be eligible for our full-time program. To join one of our intern programs you will be in your penultimate or junior year of study.

Our Programs

  • Analyst: You should be pursuing or have recently completed an undergraduate or master’s degree with limited or no work experience
  • Associate: You should possess, or be currently studying for an MBA with at least 3 years’ full time, continuous and relevant work experience. Opportunities for MBA's are only available in the Investment Banking programs

Our programs start in July/August every year although we do allow earlier start dates, depending on your circumstances. We aim to hire our full time class from our internship program and therefore do not always have full time vacancies open.

Program Timing Location Eligibility Application Deadline
2017 Graduate Program February 2017 Analyst positions in Global Markets, Sydney Students graduating in 2016 12pm, 7 April 2016

An internship with Nomura is your opportunity to see just what you could be part of. You will get first-hand experience of the possibilities a career in banking could bring you, and get a feel for our culture.

We aim to give our interns the same level of exposure as a first-year Analyst or Associate. That means you'll work as a full member of the team, participating in team meetings, potentially meeting clients, forming effective working relationships and showing a real commitment to our goals and values. You will start with an initial orientation and training program to equip you with the fundamental skills and toolkit needed to succeed and, during the course of your internship, you can expect to work closely with a buddy and have regular contact with senior mentors. This, coupled with continual on-the-job training, regular senior business presentations, social events and networking opportunities, will allow you to see what makes us an exciting proposition in the investment banking world.

Our intern programs are an integral component of our full time recruiting efforts and are a two-way assessment process. While we evaluate your potential and suitability for a career at Nomura, you are also assessing your own fit for investment banking. At the start of the program, you will set objectives with your manager and then participate in a mid-term and final performance review. At the end of the program, offers are extended to strong performers to return to Nomura after graduation.

Our Programs

We have internship opportunities on the following programs:

Program Timing Location Eligibility Application Deadline
2016 Semester Program – Investment Banking October 2015 Analyst positions in Hong Kong Students graduating in 2017 6 September 2015
2016 Semester Program – Global Markets October 2015 Analyst positions in Hong Kong Students graduating in 2016 13 September 2015
2016 Summer Program June – August Analyst positions in Corporate Infrastructure, Global Markets and Investment Banking. Associate positions limited to Investment Banking only Penultimate year or junior students graduating in 2017 15 November 2015
2016/17 Australia Summer Program December – February Analyst positions in Investment Banking and Global Markets Penultimate year or junior students graduating in 2018 12pm, 21 July 2016

News & Campus Events

The graduates are set to enjoy great success

Campus Events

We are always keen to meet talented and ambitious students at events we run on campus. These include company presentations, skills sessions, careers fairs and networking events across various universities in Europe. Nomura campus events provide students with an opportunity to meet with business representatives and the graduate recruitment team, where we can provide you with the business knowledge and application and interview advice you need to succeed.

Find out which events we have scheduled in your region.

Recent Nomura News & Awards

Finance Asia Japan Achievement Awards 2014/15:

  • Best Investment Bank
  • Best ECM House

Global Finance Best Investment Bank Awards 2014:

  • Best Investment Bank Asia Pacific
  • Best Investment Bank in Japan

Thomson Reuters Deal Watch Awards 2014

  • House of the Year - Nomura Securities

Institutional Investor 2014

  • No. 1 All-Japan Research team
  • No. 1 FX Research in All-America Fixed Income Research Survey

Nikkei Analyst Survey 2015

  • No. 1 overall in Fixed Income Analyst / Economist survey

The Banker - 2014 Deals Of The Year
Nomura wins two awards in The Banker Deals of the Year:

  • Best SSA Deal of the Year in Europe: Ireland’s 5bn Euro bond
  • Best Corporate Deal of the Year in Asia-Pacific: Softbank’s dual tranche JPY370bn domestic bond offering

Laura Atherley, Global Head of Senior Relationship Management named one of the top 100 Most Influential Women by Financial News 2014.

Steve Ashley, Nomura’s Head of Global Markets, has been voted no.4 in the Sales and Trading category in Financial News’ annual list of the most influential people in the European capital markets.

Apply Now

See what opportunities are available to you

Apply Here

Whether you are just entering the industry or an experienced professional looking for your next exciting opportunity, working at Nomura is a unique opportunity to make a difference in the industry in a way that is unprecedented. We have quite a number of roles for which we are currently accepting applications and we invite you to go through our list of global opportunities and send your CV to us.

Please click here to review current opportunities.

You will need to apply through our online application form. We will also ask you to upload a CV and cover letter. We accept applications from all degree disciplines - although you will need a minimum 2.1 degree (or equivalent). While your degree subject doesn't matter, you must be numerate, have an interest in finance and a desire to work in the investment banking industry.

Filling in the form

The application form is your chance to make a strong first impression. Before completing it, make sure that you:

  • Research the business area that you feel best corresponds to your skill set and interests, and your motivation for applying to this area.
  • Apply to the correct program (the Analyst program for Masters or Bachelor students, or the Associate program for MBA students with a minimum of 2-3 years work experience).
  • Tailor your cover letter to Nomura. Be original.
  • Check your grammar and spelling carefully before you submit your application.
  • Have good examples of our core competencies, such as leadership, academic achievement, national and school-specific awards and work experience.

If you’re applying for an Analyst position (full-time or internship), you will also be required to take an online numerical and logical reasoning test as part of the initial application process.

Once you have submitted your application, it will be reviewed by Graduate Recruitment team and the business and, if you are shortlisted, you will be invited to attend a first round interview.

You will typically have 2 or 3 first round interviews with junior business representatives (Analyst or Associate). Interviews are generally competency-based. Successful candidates will be shortlisted for further interviews with senior business representatives (Executive/Managing Director). Interviews may contain competency based questions but you should also expect technical questions and be prepared to explain your interests and motivations. Interviews may be conducted face to face or via telephone or video conference. You may also be interviewed in a language other than English, depending on the location and business you have applied for.

You should be prepared to answer questions relating to our competencies:

  • Problem solving/Analytics
  • Team skills/Professionalism
  • Leadership
  • Initiative
  • Communication
Which divisions are currently hiring?

Investment banking, global markets and corporate infrastructure. Most of our opportunities are in Hong Kong although we do have limited roles in Singapore, India and China.

Does Nomura offer internship programs?

Yes, we offer a 10 week summer program which runs from December to February in Australia and June to August in the rest of Asia. To be eligible for the internship program you should be in your penultimate or junior year of study. Please click here for further information.

Which academic qualifications must I have?

We encourage applications from all disciplines and look for candidates who have, or expect to achieve a minimum 2.1, Distinction or 3.5 GPA (or equivalent) in their degree program. It is essential that you're numerate, with an interest in finance and a desire to work in the investment banking industry.

May I apply to more than one division?

Yes. You can apply for up to three divisions. However, you should do as much research as possible beforehand. It's important to understand which business area would best match your skill set and interests. We are looking for applicants with motivation and we will expect you to be able to discuss your choice, and show both enthusiasm for, and knowledge of the various roles.

What should I expect during the interview process?

If you're selected for first round interviews you can expect to have 2 or 3 one-on-one interviews with junior employees which may be conducted face to face of via telephone or video conference. These interviews will typically be competency based. Successful candidates will be shortlisted for a further 3 or 4 interviews which will be conducted by senior business representatives and may be more technical in nature, possibly involving a case study or language test.

What is Nomura looking for in candidates?

We are looking for candidates with a true interest in and commitment to the financial services industry. Academic qualifications and previous work experience are important but we are also looking for you to demonstrate other qualities achieved through extra-curricular activities such as interpersonal skills, teamwork ability and motivation. We assess all candidates using a range of core competencies and we look for evidence of these in your CV/resume, cover letter and throughout the selection process.

Competency Examples
Professional presence Communication skills, attitude, assertiveness, self confidence and a high level of maturity
Commitment and drive Bias to action, resourcefulness, work ethic, drive to excel and tenaciousness
Problem solving and analytical skills Analytical approach, logic, commercial intuition, quantitative ability and natural intelligence
Planning and execution Attention to detail, results orientation, creative approach and time management skills
Collaboration Relationship-building, team orientation, diplomacy and respect
Leadership Relationship-building, team orientation, diplomacy and respect
I've been accepted for an interview. Do you have any tips?

We want you to do your very best at interview. So take a look at our section on interview tips. In this section, you can complete a mock interview and read our guide on interview etiquette.

When are the application deadlines?

The dates below are final deadlines, but because we review applications on a rolling basis, the sooner you submit your application, the more chance you'll have.

Program Timing Location Eligibility Application Deadline
2016 Graduate Program July 2016 Analyst positions in Global Markets across Hong Kong and Singapore Students graduating in 2016 25 October 2015
2016 Semester Program – Investment Banking October 2015 Analyst positions in Hong Kong Students graduating in 2017 6 September 2015
2016 Semester Program – Global Markets October 2015 Analyst positions in Hong Kong Students graduating in 2016 13 September 2015
2016 Summer Program June – August Analyst positions in Corporate Infrastructure, Global Markets and Investment Banking. Associate positions limited to Investment Banking only Penultimate year or junior students graduating in 2017 15 November 2015
2016/17 Australia Summer Program December – February Analyst positions in Investment Banking Penultimate year or junior students graduating in 2018 July 2016, exact date to be confirmed
Will Nomura sponsor work authorization?

Yes, we will sponsor those students we offer, but the government immigration office will ultimately make the final decision as to whether this will be granted.

Will I be required to complete online testing?

No, there are no online tests. You will need to complete an online application form and upload a CV and cover letter, which will then be CV screened. If you are successful, we will contact you for first round interviews.

First round interviews (for Investment Banking and Global Markets) will involve a case study. Case study interviews are designed to show us your problem-solving skills and analytical thinking. We will also be looking at how you present yourself and how good your communication skills are under pressure.

Why use case studies?

We use case study interviews because they provide us with insights into your thought processes. Problem solving is often independent of any particular subject expertise you may have and we want to see how you would tackle any of a very wide range of potential case study questions. We are interested in your expertise in general business, your ability to apply your formal education and work experience in an analytical and creative way, and your raw intelligence.

What kind of questions should I expect?

Often a case study is business-related, but it could touch on anything - the question is not designed to test any previously acquired knowledge or experience. You will be asked to prepare an exercise from information given to you when you arrive at the interview. You will have between 45 and 60 minutes to read the data and compile your notes. You will then be asked to make recommendations. Remember, there are no right answers. You should consider all lines of argument and then present one as your chosen opinion, mentioning why you discarded the other possibilities.

How to do well

  • Practice extensively beforehand. Research case study examples on the internet and use them to build your experience.
  • Ensure that you are able to present your pitch concisely and articulately. You will have a very limited time to get the main points across before the interviewer starts asking you questions on your rationale.
  • Listen carefully to the question. If you like, repeat it back to your interviewer to make sure you have understood fully.
  • Don't jump into your answer immediately. Take a moment to collect your thoughts, and get ready.
  • Remember that we are not looking for a 'correct' answer. It is the route you have taken to reach your answer that is important to us.
  • Ask questions. Asking the right questions will be key to proving that you have the analytical skills we expect. The interview is meant to be interactive.
  • Construct a logical framework with which to explore the critical issues of the case.
  • Prioritize the issues and objectives. Don't get bogged down trying to deal with every aspect.
  • Don't be afraid to think outside the box. Creativity is seen as a major asset at Nomura.

Further reading

http://www.wikijob.co.uk/wiki/case-study
http://www.casequestions.com

Asset and Liability Management (ALM): the practice of managing risks that arise due to mismatches between assets and liabilities of the financial institution.

Bond: an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date

CAGR: “Compound Annual Growth Rate” – the year-over-year percentage growth rate of an investment over a specified period of time

Capex: Acronym meaning Capital Expenditures, that are funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. This type of outlay is made by companies to maintain or increase the scope of their operations

D&A: Acronym meaning Depreciation and Amortization, a category of expenditure by which a company gradually records the loss in value of a tangible (Depreciation) and Intangible (Amortization) asset

Deleveraging: Reduction of the leverage ratio, or the percentage of debt in the balance sheet of a single economic entity, such as a household or a firm.

Discount rate: The interest rate used in discounted cash flow analysis to determine the present value of future cash flows. The discount rate takes into account the time value of money (the idea that money available now is worth more than the same amount of money available in the future because it could be earning interest) and the risk or uncertainty of the anticipated future cash flows (which might be less than expected).

EBITDA: Acronym meaning Earnings Before Interest, Taxes, Depreciation and Amortization

EBIT: Acronym meaning Earnings Before Interest and Taxes

ETF: Exchange traded funds. An exchange traded fund is an investment fund traded on stock exchanges, just like stocks. An ETF holds assets such as stocks, commodities or bonds, and trades close to its net asset value over the course of the trading day.

EV: “Enterprise Value” – Equal to Equity Value plus Net Debt (or minus Net Cash)

FCF: “Free Cash Flow” – Measure of cash generation used in fundamental valuation of a business. Equal to EBIT x (1 - tax rate) + depreciation and amortisation - changes in working capital - capex

Forward interest rates: An interest rate that is specified now for a loan that will occur at a specified future date. As with current interest rates, forward interest rates include a term structure that shows the different forward rates offered to loans of different maturities.

Hedge: an investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position in a related security, such as options or short sales.

LTM: Acronym meaning Last Twelve Months

IRR: Acronym meaning internal rate of return. The IRR corresponds to the rate of return on an investment. The IRR of a project is the discount rate that will give it a net present value of zero

Market Cap: Market capitalisation or market cap is a value of a corporation as determined by the market price of its common stock (shares). It is calculated by multiplying the number of outstanding shares by the current market price of the share

Market liquidity: an asset's ability to be sold without causing a significant movement in the price and with minimum loss of value.

Opex: Acronym meaning Operating Expenditures, a category of expenditure that a business incurs as a result of performing its normal business operations

Payout ratio: The amount of earnings paid out in dividends to shareholders

Shareholder loan: an instrument used to distribute cash to shareholders while minimising a company’s tax liability. Not typically included within net debt

Swap: highly liquid financial derivative instruments in which two parties agree to exchange interest rate cash flows, based on a specified notional amount from a fixed rate to a floating rate (or vice versa) or from one floating rate to another.

Swaption: An option granting its owner the right but not the obligation to enter into an underlying interest rate swap. A payer swaption gives the owner of the swaption the right to enter into a swap where they pay the fixed leg and receive the floating leg. A receiver swaption gives the owner of the swaption the right to enter into a swap in which they will receive the fixed leg, and pay the floating leg.

Ultimate forward rate (UFR): the theoretical forward interest rate to which forward rates converge.

Yield to maturity: Discount rate at which the sum of all future cash flows from the bond (coupons and principal) is equal to the price of the bond.

There is no need to be nervous at interview - we want you to do well and to show us your potential and what you can do. Preparation is essential and well prepared candidates are more confident, provide more thorough and focused answers and are therefore more likely to be successful.

Use our step by step guide to ensure you take the time to prepare wisely; the key is to ensure your preparation is carefully planned and focused.

Focus - Structure and Plan your Preparation

Preparing for, and being interviewed is similar to sitting an exam; you won’t have time to cover everything, instead you will need to identify the key points and focus on the relevant material.

Firstly, you should congratulate yourself in being selected for interview stage and have confidence in your ability. Then, ask yourself the following questions:

  1. What will the interviewers want to know?
    • An interview is not an opportunity to divulge everything you know- instead you need to focus on what is relevant to the company and the position you’re applying for
    • To identify what is most relevant, you will need to fully understand the role, it’s requirements and the key skills and competencies required
  2. How are you going to sell yourself?
    • What is your unique selling point? I.e. what sets you apart from the competition?
    • How do you want the interviewers to remember you after the interview – what key points do you want them to recall?
  3. How will you be assessed?
    • You can’t start your preparation until you know what you are preparing for
    • Read the interview format thoroughly to identify how you will be assessed (i.e. Interviews, case study exercises, and tests). If you’re unsure – ask.
  4. What are the core competencies required for the role?
    • Your interview performance and ultimately if you are successful or not, will be dependent on how you perform against core competencies
    • Identify what are the key competencies required for the role and for the company
    • What examples do you have to demonstrate each competency? Have you considered examples outside academia (i.e. sports, music, drama, volunteering, charity, mentoring, societies or other extracurricular activities)
    • What achievements are you most proud of and why – which competency do they demonstrate?

Interview Questions

Interviewers will use a variety of questions to assess your ability against each competency. Ensure you are familiar with each type of question and how to structure your answers accordingly.

Types of interview questions may include:

  • Competency based questions
    • These require you to provide a real life example to explain how you behaved in a certain situation. Past behaviour is used as an indicator to assess potential future performance
    • Delivering a structured answer is crucial - research the STAR method to guide you
    • Top Tip: Ensure your examples are varied and recent (the more recent the past behaviour; the greater the indication of future ability)
  • Technical questions
    • Practice! There are many online resources or books available with practice questions
    • Questions may include basic accounting, valuation, brain teasers and mental arithmetic
    • Top tip: Brain teasers – the key is not the answer; it is the how you derive at the answer. The interviewer is assessing your ability to formulate a logical and methodical response
  • CV, cover letter and application questions
    • Ensure you have thoroughly re-read each document and identify any obvious questions
    • Top tip: Practice articulating your experience in a concise and structured manner out loud (it doesn’t always sound the same as when you practice in your head).
  • Industry related questions
    • Interviewers will assess your interest, understanding and industry knowledge
    • Top tip: Form an opinion – digest the information you read and form your own judgment. Use facts and statistics to back up your conclusions

Research

There are a number of readily available resources to help you prepare. Make sure you fully utilise all resources available to you. These may include:

  • Online resources: Company website, press releases, annual reports, research publications, social media and online forums
  • School career services and recruitment events
  • Networks – academic Staff, alumni, peers, family and friends – even if they do not have a financial services background, they can help you practice questions

Your Questions

An interview is a two way process. It is an opportunity for you to assess if the company, role and culture is right for you. You will be given time to ask questions at the end of the interview, so you should ensure you use this time wisely.

  • Plan questions to ask in advance - ensure they are relevant, well-thought-out and to the point
  • Show you’ve done your research and use the opportunity to demonstrate your interest

Plan the Interview Day

Preparing as much as possible in advance of your interview day will remove many of the inevitable nerves associated with the process.

  • Before the interview:
    • Dress professionally. Plan you outfit the day before and ensure you wear corporate attire
    • Be Punctual. Plan your route and account for delays in public transport
    • Aim to arrive 15 minutes before your interview start time. Contact us if problems arise and ensure you have noted the name and contact details of who to contact should this happen
    • Take a notebook, a pen (that works) and a calculator. Take a copy of your CV and application form
    • Remember: Be polite to everyone you meet, your interview begins as soon as you walk through the door of the building ore recent the past behaviour; the greater the indication of future ability)
  • During the Interview:
    • Ensure your mobile phone is turned off
    • Greet your interviewer(s) with a firm handshake. Remember their name(s)
    • Maintain eye contact with your interviewer(s) and be aware of your body language – sit upright, don’t fidget and smile!
    • Listen carefully to questions you are asked. If you are unclear about anything, ask for clarification
    • Be honest. Back up your answers with real examples. If you exaggerate or lie it will show up in pre-employment checks
    • Relax - whether you are successful or not, the interview is a valuable learning experience. Make sure you get something out of it.
    • Close the interview – thank your interviewer for their time. If you’ve enjoyed the experience and you look forward to hearing about the next steps – tell us
  • After your Interview:
    • Be responsive. Following the interview, go back to your recruiter and continue to build a relationship
    • If you are offered a position it is unprofessional to renege (to accept and then later decline). This could be the first impression you create in the industry - you never know what the future holds
Q: Tell me about yourself

This is one of the most popular interview questions. It allows the interviewer to assess how you react in an unstructured situation and you answer provides an insight to what you think is most important.

Tip – focus on what will be of most interest to the interviewers. Ensure your answer is structured, brief and highlights your most important achievements.

Follow up questions may include:

  • Why did you choose your place of study?
  • What courses have you most / least enjoyed and why?
  • Talk me through your internship experiences
  • What are you interests and hobbies (outside academic)?
  • What are the most important things to you in a job?
Q: Why Banking?

We look for people who have a strong interest in investment banking. Interview Questions will determine how motivated you are and your rationale behind your decisions.

  • Why do you want to work in investment banking?
  • What do you think an Analyst does on a typical day?
  • Why are you interested in this division?
  • Where do you see yourself in five years? Ten years?
  • Explain the financial crisis
  • If I gave you a million dollars today, how would you invest your money?
  • Which business publications do you read and why?
Q: Why Nomura?

We want to employ graduates who are passionate about joining Nomura and representing our brand

  • Why do you want to work for Nomura?
  • What differentiates us from our competitors?
  • What is the share price of Nomura today?
  • What do you hope to get out of a job?
  • What other banks are you interviewing with?
Q: Skills

Your interviewer’s want to understand what sets you apart from the competition - sell yourself.

  • Why should we hire you?
  • What skills have you got that make you suited to the role?
  • What are your strengths/development areas?
  • What is your greatest achievement and why?
Competency Questions

Show us proof that you are the kind of graduate we are looking for. Give concrete examples from any aspect of your life that show where you have personally made a difference.

  • Tell me about a time when you were creative
  • Tell me about a time when you had to manage conflicting priorities
  • Tell me about when you have missed an important deadline
  • What has been your biggest failure, professional or personal - and what did you learn?
  • Describe an occasion when you have had difficulties working in a team
  • What is the biggest risk you have ever taken?
  • How would you deal with a difficult client that puts you under pressure?
  • If a client told you that they wanted to improve their portfolio performance in the next 12 months, what would you suggest as potential strategies
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