Nomura Investment Banker / M&A Analyst Interview Questions
& Process
Real candidates share what happened, how many rounds they had,
and how the experience turned out.
Based on 129 interview experiences · FREE TO READ
Candidate interview experiences
First-hand accounts from people who interviewed at Nomura.
Nomura
Investment Banking Analyst
Intern Difficult Neutral experience No offer 3 rounds
Interview process
Recruiter call Technical screen Onsite
Interview formats
Behavioral Technical
The process was pretty quick, with technical questions starting right from the first round. They asked behavioral questions, brain teasers, about deals I'd been following, and macro trends, along with technical questions. Networking really helps, so don't skip that part.
Confirmed questions1 question
- Can you tell me why you're interested in Nomura and the field of Investment Banking?
Nomura
Investment Banking Analyst
Entry Average Positive experience No offer 2 rounds
Interview process
Recruiter call Onsite
Interview formats
Technical Behavioral
The first day had an HR interview, and the second day was the superday. The superday included interviews with a VP, two associates, and one analyst. This was post-bachelor's, so it wasn't as difficult as one might find after an MSc.
Confirmed questions4 questions
- Can you explain DCF?
- What is an LBO?
- How does consolidation work?
Nomura
Investment Banking Associate
Mid Average Positive experience Accept offer 2 rounds
Interview process
Recruiter call Technical screen Panel
Interview formats
Technical Behavioral
The first round involved interviews with five people from different departments like HR, COO, IBD Coverage, and the Product Team. The second round was with the department head, covering technical and market-related questions. It's generally not too difficult if you have prior IBD experience.
Confirmed questions2 questions
- Can you explain the IPO marketing process?
- Could you share your experience from past deals?
Nomura Investment Banker / M&A Analyst Interview Questions
Quoted word for word from Nomura interview reports.
“If Depreciation and Amortization increase by $10, how does that impact the three financial statements?”
Read reports →“Regarding a 10x10x10 cube made of smaller cubes, if the exterior is painted, how many small cubes would have no faces painted?”
Read reports →“Imagine a 10x10x10 cube, if its exterior is painted, how many cubes remain unpainted?”
Read reports →“How is the Weighted Average Cost of Capital (WACC) applied within a DCF model?”
Read reports →“Could you explain the effect on the financial statements when a property is acquired using 50 cash and 50 debt?”
Read report →“Can you explain how a $10 depreciation in the USD impacts the three financial statements?”
Read report →“Could you explain the rationale behind using EV / EBITDA as a valuation multiple compared to EV / NI?”
Read report →“Is an acquisition where a company with a higher P/E buys one with a lower P/E accretive or dilutive?”
Read report →“What are the reasons for financing a deal with equity rather than debt?”
Read report →Formats, difficulty and experience
Across all 129 Nomura interview reports.