Comments (13)

Feb 5, 2012

they still exist? heard they were scrapping NYC plans

Feb 5, 2012

Curious to learn more

Feb 5, 2012

@westcoaster: apparently they do, the position is for NY summer 2012. Where did you hear that?

anybody else with insights into Nomura NYC Securities?

Feb 6, 2012


Feb 7, 2012

I can tell you about their London process if you are interested. And it's called the Global Markets division in Nomura, you should start by getting that one right.

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Feb 7, 2012

@Maximus -- I would really appreciate you telling me about the London process. And it was classified as securities on the resume drop, so that's where I got that from --- I do recognize that it is formally Global Markets. Any insights into first round interviews, firm culture, etc would be awesome. Thanks

Feb 7, 2012

2 interviews in the first round, 4 interviews in the final round. No assessment centre. All of them very fit and with VPs and EDs. I've heard you'll get a couple of brainteasers, mental math and a lot of current market level questions. If you have previous trading floor experience or a degree in finance you might get more technicals though.
They are not in the best shape and a lot of firing has been done in London and NYC this year, even at the junior levels. Many analysts fired a couple of months into the job, which sucks. I don't know if they are closing US operations (I doubt it) but they definitely aren't expanding as aggressively as a couple of years before, but if should be a legit opportunity nonetheless.

You'll need to be more specific about "firm culture, etc...". I'm willing to help, but my knowledge about the firm is limited and I can't come up the questions myself!!

Feb 7, 2012

Great post Maximus. Thanks a lot.

Have you heard of them taking sophomores for summer analysts? and would you think the interview would be different for a sophomore or they would just expect the same level of market knowledge?

I'm hoping brainteasers/mental math aren't too bad. I have not had any in my interviews so far. Could you give an example of one that you got? Resources to study from?

As for the "firm culture," I'm just wondering what a solid answer would be to the "Why Nomura" question.

Thanks again.

Best Response
Feb 8, 2012

Yes, they take sophomores, like all the banks, but it's hard to pull that off. You'll need good contacts at the firm, besides of course a good cv and nailing the interviews. Yes, the market knowledge required is the same, it's not about knowing things, it's a way to assess your real interest. You won't be able to sell them on giving you an internship as a sophomore because you are really interested if you know nothing about the markets. So yes, I would memorize the main stock indices, bond yields, currency pairs, gold and oil and at least read the headlines about major economic news because you will probably be asked something like "What was the US unemployment rate published last week?"
I didn't interview with them, but a close friend did his SA there, so I can't give you exact questions. However expect the same as in any banks, they have been discussed to death in the forum. Like 34*17=?? and a typical brainteaser. I haven't used any books to prepare this stuff, so I can't give you exact resources, but if you search the forums there are many threads on the topic.
As for the Why Nomura question I would elaborate on entrepreneurial spirit and the aggressive growth they've seen over the last years (even if this year has sucked for them) and how that can give you the best chance to grow faster and a broader set of opportunities on the long term which would be ideal to start a career. I would also add the usual BS about hearing from a classmate/friend the great responsibilities given to interns and how everyone was willing to teach and help and bla bla bla. However that's just me, and I'm not an interviewer or a Nomura employee, so take it at your own risk.

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Feb 8, 2012

Maximus-- Tremendous post. I cannot thank you enough for taking the time to write all of that out.

Feb 8, 2012

Preparing to Nomura right now sounds like trying to jump in the Titanic.

Feb 9, 2012

awesome post, Maximus. All of that helps a lot. Thanks bud.

Feb 10, 2012