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)

India

The Nomura India office in Mumbai was set up in 2005 extending in depth high value-added services to Capital Markets and Investment Banking business across our global offices.

Nomura India offers best in class people, platform and infrastructure. Our full range of solution offerings includes Investment Banking Division, Global Markets, and Corporate Infrastructure services including Finance, Risk, Technology and Operations.

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

Our Corporate Social Responsibility initiatives aim to support the lesser privileged in the local communities in which we operate. These Initiatives are focused at impacting the Society, Environment and the Stakeholders

3 Key Corporate Social Responsibilities priorities at Nomura Services-Powai

  • Relationship with the Society
  • Our commitment to Environment
  • Relationship with our Stakeholders
Diversity and inclusion

Our aim for Diversity and Inclusion at Nomura is simple – we want to harness the value of diversity to create a sustainable organization, and drive performance, revenue, market share and profit

Our Diversity & Inclusion team partners with all employees to embed diversity into how we do business

We define diversity as all the ways in which people differ. These differences can be dimensions of identity such as gender, race, age, as well as less visible dimensions such as class, education, sexual orientation, religion, social styles, thinking styles

Nomura is committed to fostering an inclusive work environment, where our people can and do realize 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

One of the ways we encourage people to connect with others is through our employee networks, Women in Nomura (WIN), LGBT and Employee Life and Families (ELF). Through formal and informal events, participants are able to exchange ideas and receive support on both career and family related topics. By supporting the development of employee networks and communities of interest, we are breaking down silos and strengthening relationships across the globe.

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Our Business

Built to value ideas

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.

Investment Banking

Nomura offers a unique platform through the India Analytics Group (IAG) to advise on Mergers & Acquisitions and capital raising assignments for our clients and jumpstart a global career with opportunities to move permanently into one of Nomura’s global investment banking offices within 3 years. India Analytics Group ("IAG") provides support to the Investment Banking Division across our offices globally. IAG analysts work hand-in-hand with bankers based in the different regions on databases, comparable, financial modelling, pitch books and deal execution. As team extension model IAG provides support to several Industry and Product teams. IAG analysts have proved to be an integral part of their teams and provide them with significant leverage in day-to-day situations.

About IAG

India Analytics Group (IAG) is a team extension model run within Nomura-Powai. IAG analysts work with Nomura’s Global IBD teams in advising their clients on Mergers & Acquisitions (M&A) and capital raising. This is a unique platform, which offers global investment banking exposure and opportunities to move permanently into one of Nomura’s global offices.

IAG analysts in Powai get an opportunity to work with several industry and product groups. Industry groups like consumer & retail, technology, media & telecom (TMT), financial institutions (FIG), industrials, healthcare, financial sponsors and product groups that are involved in leveraged finance, debt capital markets, equity capital markets and convertibles among others.

The analysts work on both live deals and pitch opportunities. They are provided hands-on experience in various aspects like creating financial models, valuation and undertaking extensive industry and company analysis./

Our analysts are an integral part of their respective industry & product teams and are entrusted with some of the most significant responsibilities within the team.

Watch out for the launch of Case Study Contest 2017!!!

For further details, contact your placement committee.

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Global Markets

The Global Markets division delivers pricing, modelling and risk management expertise to the Global Markets business. Founded as a centre of excellence, the group leads the way in price discovery, portfolio optimization techniques and is integral to the business’ aggressive revenue targets. The team is playing an integral role in structuring, pricing and risk management for the global trading book. The Global Markets division includes :

The pricing function involves working in close tandem with the global trading desks facing dynamic markets and aggressive deadlines. This involves executing the firm’s strategies using the state-of-the-art pricing models to value complex derivative products. The team has at their disposal cutting edge technology which ensures that the global team acts as one unit adding to the efficiencies of scale and leverages the knowledge and proficiency of the entire team as a whole.

The structuring function requires coordinating with the global structuring desks with the common goal of creating value for the clients. The team has gained expertise in a variety of products and is well equipped to sustain the growing demands of the global business.

Risk management function is responsible for providing insights about exposures to the market movements on a regular basis. The function involves computing risk measures of our global trading book in various market scenarios and suggesting/executing state-of-the-art hedging techniques to maximize our profits.

Algorithmic Trading Strategies team is involved in providing algorithmic solutions to various businesses within the Global Markets such as the Rates, Commodities, FX and Index. Its activities cover, FX / Rates / Equities Trading strategies; Yield Curve analytics; Order Execution Algorithms for Equities and Rates futures, Portfolio optimization strategies, with specific application to risk management.

Equity Research team which provides market insight and continuous tracking of news/events in sectors, generate investment ideas, create market differentiating ideas backed by thorough insights/analysis and extensive financial modeling.

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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 and 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 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 banking. Hear how Nomura impressed them, their experiences as interns and graduates and the evolution of their roles and responsibilities since joining.

Programs

We’re looking to recruit individuals who are motivated

Our Campus Development Program will provide you with an excellent introduction to the industry and our culture. You will learn hands-on skills with an emphasis on practical application so that you can immediately contribute to our business.

We are committed to helping you develop your career, technical proficiency and professional skills so that you can thrive in this fast-moving market environment.

Nomura Services-Powai graduate program,is designed to attract, nurture and develop campus hires and create an internal talent pool. The graduate program provides opportunities to campus graduates across functions like:

  • Global Markets
  • Investment Banking
  • Corporate Infrastructure functions, which includes Global-Risk; Information Technology; Change Management; Human Resources; Finance; Operations & Change Management.

The program aims to attract & develop the campus talent pool through a structured and consistent approach including

Attract the right talent at Analyst/ Associate Level

Organizational Assimilation and Induction

  • Understanding of culture, overall business structure and strategy

Initial Product and Functional Training

  • Manage initial training program for all new analysts and associates
  • Provide foundation skills development

Continuing Professional Development and Functional Education

  • Ensure functional developmental milestones are met by providing frequent opportunities for continual professional development through special campus development programs
  • Create corporate social responsibility platform for campus program hires

The internship program of Nomura Services-Powai provides you with an opportunity to experience what a career in the industry would be like. As an intern, you will build relationships and take on challenges as a full member of the team, allowing you to develop a unique experience that will be vital in your future career. You will gain valuable on-the-job training and see what makes us the most exciting proposition in the investment banking world.

The internship program gives us an opportunity to gauge the intern’s capability; interest and aspiration as a future full time employee for the firm. It also helps the intern to decide on his/her future course of action, realize one’s strength’s and improvement areas. Internship opportunities are open for 6 & 2 month durations. The internship program includes :

Global Markets - Equity Research

The Equity Research internship program provides an opportunity for interns to work on a day to day basis with the team to executing typical, real-life assignments of a research analyst. The program provides first-hand experience of a future role in research and serves as an opportunity to assess the intern in a realistic work environment.

Interns will have an opportunity to conduct a comprehensive research on the company, the sector, identify key drivers and develop an investment thesis. They will create a framework for valuing the company using various sector-specific methods, write an initiation report on the company and appear on a mock morning meeting to pitch to the sales/trader/clients.

Global Markets - Algorithmic Trading Desk

The Algorithmic Trading Strategies team is involved in providing algorithmic solutions to various businesses within Global Markets such as the Rates, Commodities, FX and Index. Its activities cover FX / Rates / Equities Trading strategies; Yield Curve analytics; Order Execution Algorithms for Equities and Rates futures, Portfolio optimization strategies, with specific application to risk management.

The summer internship program duration over two months provides opportunities to work in areas related to inflation modelling, analysis of trade and quote data sets and estimation of time series model.

Global Markets Structuring / BRM

These teams deliver pricing, modelling and risk management expertise to the Global Markets business. Founded as a centre of excellence, the group leads the way in price discovery and portfolio optimization techniques and is integral to the business’ aggressive revenue targets.

The team is playing an integral role in structuring, pricing and risk management for the global trading book. Interns will get an opportunity to work with trading desks facing dynamic markets and aggressive deadlines, understand and implement state-of-the-art pricing models in variable scenarios, Suggest and actualize innovative product designs.

Global Markets ABS Research

This group is an integral part of Nomura’s European ABS platform and works closely with the European ABS Strategy team based in London as well as the European ABS IT teams based in London and Mumbai. Key responsibilities include pricing ABS bonds, in-depth analysis of collateral and structures, analysis of loan-level data and responding to desk/client request.

Internship will include analyzing ABS collateral and deal structures and, where necessary, model cash-flows, price ABS bonds for both client/desk trades and Maintain various databases, pricing tools and deal models tracking deal performance, issuance, and market/macro trends; Analyze loan-level and deal-level data and performance.

Global Markets FID Quant

The QuantitativeResearch team is a global team with its principal centres in London, Tokyo, Mumbai, New York andSingapore. The aim of the team is to predict the likely future outcomes of financial markets, so that Nomura’s traders can execute profitable trades and the firm can correctly value them. The team comprises about sixty people globally, often exceptionally talented individuals, with strong and deep knowledge of modelling and computer science.

Interns work as fully integrated member of the global quant team, part of the front office. Interns also get an opportunity to understand & implelement state-of-the-art pricing models in C++ code, work with traders and structurers to enable new trades to be executed and Interact with risk managers and other corporate functions to explain new quant models

Wholesale Strategy

Wholesale Strategy team works directly with senior management across the businesses and regions to determine the optimal strategy for reaching Nomura’s aspirations in the rapidly changing market environment. Team is involved in a diverse range of projects - market entry strategy, business performance review, analysis of Nomura’s operating model, acquisition screening and market & competitor analysis.

Internship involves analysing the competitive and general macro / market environment, develop market sizing / revenue pool models at a regional / product level, Work on modelling / forecasting the financial performance of the Wholesale business and Work closely with the strategy team members, business CAOs, finance and other functional teams in different regions and divisions

Global Risk

Market Risk management works to identify, monitor and control the firm’s exposure to risk, analyze stress test results, and provide analysis on new products and businesses. Market Risk managers liaise with the risk managers and traders in the trading centers to help manage their market exposure, set & review risk strategies.

Major activities involve daily analysis and interpretation of the results of risk sensitivities, validation of risk parameters and drill down analysis of less transparent risks and issues of importance to senior Risk Management/Trading Heads. Internship will involve Risk reporting and aggregation and delivering these reports to traders and Front Office senior management.

Trouble-shoot and reengineer the risk reporting process where necessary, daily analysis and interpretation of the results of risk sensitivities across various trading strategies. Monitor & understand the external market. Monitor the P&L and tie-up P&L with risk

Finance Global Support

Nomura Powai Finance is an integral part of the Global team, providing support to the various functions namely Treasury, Financial Control and Tax, GIF, Product Control, FP&S, ESS and Core Finance. The department's primary focus is to provide best in class service forthe identified activities based on the capabilities and experience that the Powai Finance team has assimilated over a period of time. With a team of experienced, qualified and highly motivated young individuals, we support the Organization to successfully achieve what it is striving to be - a Global Leader.

We would like to invite application from students appearing for CA final examination. The eligibility criteria are as follows: Minimum 60% in Senior Secondary, Higher secondary and graduation; Cleared CA Intermediate examination in first attempt; Candidates should possess good communication skills, ability to work in team; Proficiency in MS Office Suite. To apply please write to "indiacampusprogram@nomura.com" with a subject line “Industrial Trainee”

Investment Banking Division (IAG)

The IAG internship program has been carefully constructed to provide a good mix of theory and practice to maximise learning for the interns. Interns are assigned to an industry sector for their projects. The program requires interns to understand sector dynamics, identification of investment opportunities, basic valuation, in-depth analysis which includes valuations of the targets and recommendations and results. -Interns also gets opportunties to work on real assignments with their shadowee buddies including profiles, comparable company analysis and other pitch-related work.

Information Technology Division

In Technology we focus on facilitating business growth by building and supporting a scalable global front to back infrastructure, whilst continuing to control operational risks and costs.

Technology team is pivotal in designing & engineering our vital information technology and risk management systems to support an ever expanding demand. Professionals in this team work in tandem with world class technologists and gets hands on experience in working with latest computer science technologies off the shelf.

The internship program offers a platform to interns to work on real-life scenarios, get on the job training on cutting edge technology, execute project work and enable transition of interns from campus to corporate world.

Human Resources

The Human Resources internship program gives an opportuntiy to an intern to work on a day to day basis with the team/project guide executing typical, real-life assignments. The program provides a first-hand experience to the intern of the future role.

Compliance Program

The Core Compliance team consists of a dedicated workforce whose primary purpose is to ensure that adequate policies and procedures are put in place and adhered to, thereby ensuring complete corporate governance and also making sure that all the actions carried out by the firm in Powai conform with the rules and regulations prescribed by the relevant regulators.

The internship program provides an opportunity to work with different teams within Compliance. This rotation program provides thorough insight to interns on Complaince practices of an Investment Bank.

Programs

RE-IGNITE - Transforming Careers for Women

Nomura Services India (Powai) launches “RE-IGNITE 6.0: Transforming Careers for Women”, 2024.

The objective of this program is to attract, evaluate and provide opportunities to a talented pool of female professionals, who are currently on a career break and are aspiring to get back to the corporate world.

Launched in 2018, the Re-Ignite program has played a prominent role in enhancing the representation of women in our workforce, and has further strengthened our position as an inclusive organization.

Eligibility criteria:

  • Women professionals having a career break of minimum 2 years
  • Should have relevant work experience of minimum 5 years

For more details, write to indiarecruitment-in@nomura.com

Testimonials of RE-IGNITE participants

Apply Now for RE-IGNITE 6.0

News & Campus Events

The graduates are set to enjoy great success

We arrange a number of campus events during the recruitment season, which include company presentations, skills sessions, careers fairs and networking events across various universities and business schools in India.

Nomura campus events provide students with an opportunity to meet with business representatives and the graduate recruitment team. Our team can provide you with application and interview advice, and we are always keen to meet talented, ambitious students on campus.

For more information on upcoming Nomura events, please contact the careers service office at your university or business school for further information

Know Nomura Facts

  • No. 1 Institutional Investor All-Japan Research team ranking for the fifth consecutive year
  • No. 1 in Nikkei Veritas analyst ranking survey for Fixed Income Analyst / Economist survey for the fourth consecutive year
  • Nomura ranked #1 for FX Research in Institutional Investor’s All-America Fixed Income Research Survey
  • Nomura wins Best IPO: Suntory Beverage & Food $3.72bn IPO
  • Xstrata Glencore, $90bn joint financial advisor
  • Grifols acquisition of the Transfusion Diagnostics Unit of Novartis AG, $1.68bn

 

Human Resources Division of Nomura Services, India brings to you the fourth edition of its Campus Program "".

The program aims to create new learning avenues and build future leaders. As part of the program, we will be engaging with campuses through a case contest, panel discussions and webinars, thus enhancing and enlarging our industry academia connect.

The launch of is a testimonial of our endeavor to build strong and sustainable relationship with HR campuses. This is a unique opportunity for students to get a first-hand opportunity to engage with the corporate world and create meaningful relationships while doing so.

Global Markets Women's Mentorship Program

The Global Market’s Women Mentorship Program aims to nurture students with talent in finance and shape them into influential leaders of tomorrow. Specially designed for future women professionals, this three-month program is aimed at transforming their professional selves, and propelling them towards a successful career path in the financial services industry.

Highlights of the Program:

  • Opportunity to learn from senior leaders
  • Access to senior colleagues having extensive experience and industry knowledge
  • Comprehensive range of workshops and training modules
  • Connect with like-minded peers from diverse backgrounds

Program Eligibility:

  • Those pursuing B-Tech/Dual-Degree (including BS/MS) courses, and will be graduating in or before 2026
  • Must possess a keen interest in finance, preferably demonstrated through previous coursework, and relevant projects

Global Markets Quant Challenge

Data is the new oil, but only the finest refineries can get anything useful out – the ones with the skill to separate signal from the noise. Do you have that skill?

Do you aspire to be a Quant? The path is not easy and requires demonstrating proficiency in:

Statistical Analysis
Financial Concepts
Machine Learning
Stochastic Calculus
Understanding established models
Creative usage of all of the above

Do you have the mettle? Take this challenge to find out.

Nomura Powai Global Markets, in collaboration with the Campus Recruitment team, is delighted to launch the second edition of the ‘Nomura Global Markets Quants Challenge’.

Are you ready for the challenge?

Background

Global Markets Powai works closely with the business across products, platforms and functions in a global capacity. Within Global Markets, Powai Quants is a highly integrated team that provides in-depth analysis and expertise to the various functions of Global Markets. This operating model lends itself to a wide range of activities, including quantitative modelling, pricing, structuring, product development and strategy.

We are looking for contestants with essential quant skills, who can bring a fresh perspective and help deliver business growth.

Contest Details

In an environment where the race to the top is determined by one’s ability to separate the signal from the noise, this program offers an opportunity to showcase your analytical skills to solve real world business problems.

The primary areas of interest would be quantitative modelling, algorithmic trading and the e-trading business. The contest offers a chance to pursue a career in quantitative finance and be a part of the digital transformation which is engulfing the financial sector.

Last date of registration – 20th March 2023
Event Start – 24th March 2023, 06:00pm onwards
Event End – 26th March 2023, 06:00pm

For any queries please reach out to gmquantchallenge@nomura.com.

What is up for grabs?

Contest finalists stand a chance to win attractive prizes -

  • First Prize – Mac Book
  • Second Prize – IPhone
  • Third Prize – iPad 32 GB

In addition, you would also have an opportunity to network with senior management and tap into their wealth of experience to help you chart a career in finance.

This also presents an opportunity for a PPO (pre-placement offer).

Eligibility?

Graduating/Post Graduating Batch of 2023 (B.Tech, M.Tech, Dual Degree, MSc, Phd)

Streams: Computer Science, Electrical/Electronics, Maths & Computing, Statistics and Information Technology

Disclaimer: This program does not obligate Nomura Services India Private Limited and its affiliates to provide a job or internship offer to participants in any manner whatsoever.

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Thanks for registering...

You have registered already for KakushIN. If you need to connect with us about your registration, please use this email: kakushin@nomura.com. We will get back to you about your registration request in due course.

KakushIN

Information Technology Division of Nomura Powai in collaboration with Campus Recruitment Team brings to you the seventh edition of its coding contest KakushIN. KakushIN means Innovate in Japanese.

KakushIN provides a great platform to pit yourself against the brightest minds from selected top technology colleges to showcase your analytical, technical and communication skills to build an innovative solution for real world problem(s).

A unique opportunity to showcase your design and coding expertise by participating in this challenge rolled out by one of the world class organization.

Along with great learning experience, the finalists also stand a chance to:

  • Interact with senior management and core technologists of Nomura
  • Win attractive prizes!!
  • An opportunity to get a PPI (pre-placement interview) or a PPO (pre-placement offer)

The launch of KakushIN is a testimonial of our endeavor to build strong and sustainable relationship with our esteemed campuses. This is a unique opportunity for students to take their knowledge out of the classroom and create meaningful relationships with likeminded people.

So what are you waiting for? Come, register soon for this one of its kind event & display your creativity, vision and imagination to us!

Snippets from 2022 KakushIN

  • 165 team registrations
  • 25 teams short listed for on-campus presentations
  • 15 teams hosted for the grand finale
  • 1 full time employment offer and 7 internship offers extended

Testimonials of KakushIN participants and full time PPO obtainers

Register for KakushIN now

Disclaimer: This program does not obligate Nomura Services India Private Limited and its affiliates to provide a job or internship offer to participants in any manner whatsoever.

IAG Case Study
Previous Winners' / Participants' Testimonials

Gaurav Prakash, MDI - "Nomura IAG case study competition provided a platform to compete against teams from the top B schools and an opportunity to apply what we learnt and test our understanding of the IB industry. The whole process from preparing pitch book to evaluation by senior bankers was a great learning experience."

Ketan Chawla, SIBM Pune – "The case-study competition was an enriching experience, where I got to play the role of an investment banker while still being a student. The ideation, financial analysis, amount of work and the time commitment gave me a flavor of what was in store for an investment banking career. From the start till the end, the competition was very professionally organized and kept me on the hook."

Aneesha Chandra, MDI – "As a student, we get the opportunity to participate in several competitions. But only a select few leave a mark and Nomura IAG Case Study Contest is one such competition. The short case study which initially seemed like a piece of cake led to many long sleepless nights, with us wracking our brains and analyzing the limited available data to find the best solution which is convincing enough to impress seasoned investment banking professionals. Furthermore, the end-to-end management of the competition and the ownership displayed by Nomura made it an experience to cherish forever. And the one-to-one interaction with the senior bankers was the cherry on the top. This contest tested my skills and resilience enough to confirm my belief that I could be a successful investment banker."

Prince Sethia, IIFT – "The Nomura Case Study Competition was a challenging and an extremely rewarding experience. The entire exercise of preparing a pitch-book, working on valuation models and presenting the book to senior bankers helped me to get familiar with the dynamics of Investment Banking. The competition was very well organized, and the guidance provided by some of the analysts at Nomura was really helpful. I wish to be a part of this competition again, and compete with some of the best minds of the country."

Apply Now

See what opportunities are available to you

Whether you are just entering the industry or an experienced professional looking for your next exciting career move, working at Nomura is a unique opportunity to make a difference in the industry in a way that is unprecedented. If you are interested in exploring a career opportunity with us, please click on the above button which will take you to the open roles where you can apply.

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

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:

  • 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
  • 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?
  • 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.
  • 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
Tips from our Graduates
  • Understand how the bank operates, the different roles available and the characteristics and tasks that each role entails
  • Don’t regurgitate generic questions and answers; it is quite obvious to those who work in the industry when someone has spent time reading and understanding concepts and news
  • Be yourself! It is important that the interviewer can see your personality in order to stand out from the rest
  • Keep up to date with relevant news - understand the current drivers in the industry
  • Do the obvious – read the latest annual report and CEO’s letter. Gain an insight into the firms values and strategy
  • We look for people with strong analytical and interpersonal skills, plus a keen interest in markets and equities.
  • We want candidates with the energy and the maturity to step up to quite senior positions quickly – ensure you demonstrate your ability to do this
  • Use your Careers services – they have direct contact with the recruiters and can offer invaluable advice you cannot find online
  • Be proactive - speak to graduates at fairs and presentations to get the ‘inside information’

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.

Interested Applicants may reach out to the College Placement Committee

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