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Investment Banking Summer Analyst

Nomura Summer Analyst Internship

Everything you need to know about the Nomura summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.

Last updated April 2026 · By the Superday AI editorial team

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Weekly Pay

$1,800/week

Duration

10 weeks

Conversion Rate

~65-70%

Overview

Nomura's summer analyst program brings in approximately 20-35 interns across its global offices, with significant cohorts in London, New York, Hong Kong, and Tokyo. The program includes structured training covering financial modeling, Nomura's product capabilities, and Asian market fundamentals. Compensation is competitive with international bank peers at approximately $1,800-$1,900 per week in the US and proportionally in other markets. The internship is distinguished by exposure to cross-border deal flow connecting Asian and Western markets, a dimension that few competitors can offer at the intern level. Interns may work on transactions involving Japanese corporates acquiring Western assets, or Western companies accessing Asian capital markets. The bank provides cultural programming that helps interns understand Nomura's Japanese heritage and how it shapes business practices. The conversion rate has improved in recent years to approximately 65-75%, reflecting the bank's stabilization after the post-Lehman integration period. Nomura recruits globally with a particular emphasis on candidates who bring cross-cultural competence, Asian language skills, or demonstrated interest in Asian markets. The recruiting process includes online assessments, phone interviews, and a final assessment day. The timeline varies by region but generally aligns with local banking recruitment cycles. Candidates from diverse backgrounds and those with experience living or studying in Asia are valued, as the bank seeks to build teams that can effectively bridge different business cultures.

Internship Compensation

Weekly Pay

$1,800

Annualized Salary

$94,000

Housing Stipend

$2,800

Relocation

Available for select candidates

Meals: Meal support

Transport: Transportation allowance

Recruiting Timeline

1

Applications Open

August-October (year before)

2

HireVue Deadline

October

3

First Round Interviews

October-December

4

Superdays

November-February

5

Offers Extended

December-March

Application Tips

  • Emphasize interest in Japanese corporate banking and Asia markets
  • Highlight cultural awareness and global perspective
  • Prepare technical questions on M&A, ECM, and valuation
  • Show understanding of Nomura's Japanese heritage and global platform

What to Expect

Nomura's summer program provides exposure to Japanese corporate banking and Asia-focused transactions. Training in the first week covers modeling, valuation, and equity capital markets fundamentals. Interns work on live M&A and ECM transactions, often involving Japanese multinationals or cross-border deals. The culture emphasizes professionalism and relationship building, with opportunities to interact with Japanese and international bankers. Performance is evaluated through mid-summer and final reviews, with return offers based on technical ability, cultural fit, and interest in Asia markets. Exit opportunities include multinational corporate development and Asia-focused private equity.

Intern Perks

  • Japanese corporate coverage
  • Asia M&A and ECM exposure
  • Global platform training

Frequently Asked Questions

How much do Nomura summer analysts make?

Nomura summer analysts earn $1,800 per week, which annualizes to approximately $94,000. The program typically runs for 10 weeks.

What is the Nomura intern conversion rate?

The conversion rate for Nomura summer analysts to full-time offers is approximately ~65-70%. Final week of program.

When should I apply to Nomura?

Applications for the Nomura Investment Banking Summer Analyst typically open August-October (year before). First round interviews are held October-December, with Superdays November-February.

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