Nomura Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Nomura, including base salary, bonuses, and total compensation at every level.
Last updated April 2026 · By the Superday AI editorial team
Preparing for Nomura? Practice with Real Questions
Master the technical and behavioral questions to maximize your chances.
$105,000
$160,500 - $185,500
$274,000 - $314,000
Analysis
Nomura pays US first-year analysts a $105K base plus a $48K-$73K year-end bonus and a $7.5K signing bonus, with Asian operations often subsidizing competitive Western pay.
Key facts
- Nomura's US first-year analysts earn a $105K base salary, a $7.5K signing bonus, and a $48K-$73K year-end bonus, for total compensation of about $160.5K-$185.5K in 2026.
- Third-year analysts at Nomura reach a $128K base and $73K-$103K bonus, for $201K-$231K total.
- First-year associates at Nomura earn a $158K base, a $30K signing bonus, and an $86K-$126K bonus, for $274K-$314K total.
- London-based Nomura analysts receive a GBP 52K-58K base with proportionally similar bonuses.
- Nomura bonuses run 35-45% below Goldman and JPMorgan and 25-35% below Bank of America and Citi.
Base & Bonus
US first-year analysts start at a $105K base with a $7.5K signing bonus and a year-end bonus of roughly $48K-$73K. The base climbs to $118K in year two and $128K in year three, with bonuses rising to $63K-$88K and $73K-$103K respectively. London analysts receive a GBP 52K-58K base with similar proportional bonuses. The bonus reflects both divisional performance and individual contribution.
Total Compensation
First-year analyst total compensation lands around $160.5K-$185.5K in 2026, reaching $181K-$206K in year two and $201K-$231K in year three. First-year associates earn $274K-$314K on a $158K base plus a $30K signing bonus, and second-year associates earn $288K-$338K. Nomura pays overtime, and benefits include health insurance, pension contributions, and vacation allowances set to each regional market's standards.
How It Compares
Nomura sits in the middle-market tier alongside Mizuho and other international banks. Bonuses run 35-45% below Goldman and JPMorgan and 25-35% below Bank of America and Citi. The firm has made deliberate efforts to close the pay gap with US competitors to improve retention, a challenge it faced in the years immediately after the Lehman acquisition.
What Drives Pay
Nomura's Asian operations often subsidize competitive pay in Western offices during years when local performance is uneven. The long-term trajectory favors bankers who develop expertise in cross-border transactions connecting Asian and Western markets. Distinctive perks tied to the Japanese parent include potential international rotation between Tokyo, London, Hong Kong, and New York.
Analyst Compensation
First-year analysts at Nomura earn a base salary of $105,000 with a year-end bonus of $48,000 - $73,000, bringing total first-year compensation to approximately $160,500 - $185,500. Second-year analysts earn approximately $181,000 - $206,000 total comp, rising to $201,000 - $231,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $105,000 | $48,000 - $73,000 | $160,500 - $185,500 |
| Analyst 2 | $118,000 | $63,000 - $88,000 | $181,000 - $206,000 |
| Analyst 3 | $128,000 | $73,000 - $103,000 | $201,000 - $231,000 |
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $158,000 | $86,000 - $126,000 | $274,000 - $314,000 |
| Associate 2 | $182,000 | $106,000 - $156,000 | $288,000 - $338,000 |
How Nomura Compares
Nomura sits in the middle-market tier alongside Mizuho and other international banks. Bonuses run 35-45% below Goldman and JPMorgan, and 25-35% below Bank of America and Citi.
Benefits & Perks
Meals & Transportation
Meal stipend, transportation support
Nomura Compensation Overview
Nomura offers middle-market compensation reflecting its position as Japan's largest investment bank with global ambitions. Base salaries are competitive with middle-market US peers, while bonuses reflect Nomura's restructuring and focus on core strengths. The firm has sector expertise in Japanese corporates, Asia M&A, and equity capital markets, where bonuses can reach the higher end of ranges. Nomura's culture emphasizes relationship banking and long-term thinking, which can moderate bonus volatility compared to pure advisory firms. Analysts interested in Asia-focused banking or Japanese corporate coverage find the platform valuable. Exit opportunities include corporate development at multinationals and Asia-focused private equity.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Nomura?
First-year analysts at Nomura earn a base salary of $105,000 with a year-end bonus of $48,000 - $73,000, bringing total compensation to approximately $160,500 - $185,500.
How do Nomura bonuses compare to other Middle Market banks?
Nomura sits in the middle-market tier alongside Mizuho and other international banks. Bonuses run 35-45% below Goldman and JPMorgan, and 25-35% below Bank of America and Citi.
Does Nomura pay overtime?
Yes, Nomura does pay overtime to eligible analysts, which can meaningfully increase total compensation.
More Nomura Resources
Sources
- Nomura - Careers. Nomura (accessed 2026-05-14)
- Johnson Associates - Compensation Reports. Johnson Associates (accessed 2026-05-14)
- Wall Street Bonus Pool to Grow as Bank Revenue Boosted by Rally (2025). Bloomberg (accessed 2026-05-14)