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Nomura Holdings Equity Research Interview Questions, Process, and Tips

Updated 27 May 2015

Top Nomura Holdings Equity Research Interview Questions and Answers

  • Q1. “The cement industry is in demand in India, but the analyst at Nomura has published the report saying NOT to invest in it”.What could be the reasons?
  • Q2. How would you find the growth rate of number of subscribers?
  • Q3. How would your predict the revenues of a telecom company for the next five years?

Nomura Holdings Equity Research Interview Experiences

2 interviews found

Interview Questionnaire 

12 Questions

  • Q1. Tell me about your self
  • Ans. 

    I am a highly motivated and analytical individual with a passion for equity research.

    • I have a degree in finance and have completed multiple internships in the finance industry.

    • I am skilled in financial modeling and analysis, with experience in using tools such as Excel and Bloomberg.

    • I have a strong understanding of the equity markets and keep up-to-date with industry news and trends.

    • I am a team player and have experien...

  • Answered by AI
  • Q2. Why finance?
  • Ans. 

    Finance offers a dynamic and challenging career with opportunities for growth and impact.

    • Finance is a crucial aspect of any business or organization

    • It involves analyzing financial data and making strategic decisions

    • Offers a wide range of career paths such as investment banking, corporate finance, and financial planning

    • Provides opportunities for personal and professional growth

    • Can have a significant impact on the succes...

  • Answered by AI
  • Q3. What were my role and responsibilities at Infosys?
  • Ans. 

    I was a software engineer responsible for developing and maintaining software applications for clients.

    • Developed and maintained software applications for clients

    • Collaborated with team members to ensure timely delivery of projects

    • Participated in code reviews and testing

    • Provided technical support to clients

    • Continuously updated skills and knowledge in relevant technologies

  • Answered by AI
  • Q4. About the role
  • Q5. How was our ppt?
  • Ans. 

    The ppt was well-organized and visually appealing.

    • The content was presented in a clear and concise manner.

    • The use of graphics and charts helped to illustrate key points.

    • The color scheme and design were visually appealing.

    • The overall structure of the ppt was easy to follow.

  • Answered by AI
  • Q6. Are your clear on your role and the career path explained in the ppt?
  • Ans. 

    Yes, I am clear on my role and the career path explained in the ppt.

    • I have thoroughly reviewed the ppt and discussed any questions with my supervisor

    • My role is clearly defined and aligns with my career goals

    • The career path outlined in the ppt provides a clear roadmap for advancement

    • I am committed to achieving the milestones outlined in the career path

  • Answered by AI
  • Q7. If i sell inventory how will my current ratio change?
  • Ans. 

    Selling inventory will increase current ratio as it reduces current assets and current liabilities remain the same.

    • Current ratio = Current assets / Current liabilities

    • Selling inventory reduces current assets

    • Current liabilities remain the same

    • Therefore, current ratio increases

    • Example: If current assets were $100 and current liabilities were $50, the current ratio would be 2. If inventory worth $20 is sold, current asset...

  • Answered by AI
  • Q8. How do u write a journal entry for a stock bonus?
  • Ans. 

    To write a journal entry for a stock bonus, record the fair value of the bonus as an expense and credit the stock bonus account.

    • Debit the expense account for the fair value of the bonus

    • Credit the stock bonus account for the same amount

    • Record the entry on the date the bonus is granted

    • Adjust the entry if the fair value of the bonus changes

    • Example: Debit Compensation Expense $10,000, Credit Stock Bonus $10,000

  • Answered by AI
  • Q9. Caselets
  • Q10. How would your predict the revenues of a telecom company for the next five years?
  • Ans. 

    Revenue prediction for a telecom company over the next five years.

    • Analyze historical revenue data and industry trends

    • Consider the impact of new technologies and competitors

    • Evaluate the company's marketing and pricing strategies

    • Factor in macroeconomic conditions and regulatory changes

    • Use forecasting models such as time series analysis and regression analysis

  • Answered by AI
  • Q11. How would you find the growth rate of number of subscribers?
  • Ans. 

    The growth rate of number of subscribers can be found by calculating the percentage change in the number of subscribers over a period of time.

    • Calculate the difference between the number of subscribers at the beginning and end of the period.

    • Divide the difference by the number of subscribers at the beginning of the period.

    • Multiply the result by 100 to get the percentage growth rate.

    • Consider any external factors that may ...

  • Answered by AI
  • Q12. I had an entrepreneur venture.The panel was very keen to understand the revenue model and the projects that I had done

Interview Preparation Tips

General Tips: Excellent communcation skill needed
Skills: Economics, Finance, Research
College Name: NA

Interview Questionnaire 

5 Questions

  • Q1. No HR questions were asked. They asked me to run them through my CV
  • Q2. They asked mw why I wanted to pursue equity research and why Nomura(I had no idea about the company, they were happy to share the details with me)
  • Q3. Caselets
  • Q4. “The cement industry is in demand in India, but the analyst at Nomura has published the report saying NOT to invest in it”.What could be the reasons?
  • Ans. 

    Nomura analyst advises against investing in Indian cement industry despite high demand.

    • Possible oversupply in the market

    • High competition leading to lower profit margins

    • Environmental concerns and regulations

    • Potential impact of government policies and infrastructure projects

    • Company-specific issues such as debt levels or management concerns

  • Answered by AI
  • Q5. They were ready to discuss my projects(at work) in detail. We discussed different methods that I could have used

Interview Preparation Tips

Round: HR Interview
Experience: I was able to correlate the analytics work that I was doing with the financial market. I gave multiple examples.I positioned myself as someone who doesn’t know much about finance but is very eager to learn

Skills: Economics, group discussion
College Name: NA

Equity Research Interview Questions Asked at Other Companies

Q1. “The cement industry is in demand in India, but the analyst at No ... read more
Q2. How would you find the growth rate of number of subscribers?
Q3. How would your predict the revenues of a telecom company for the ... read more
Q4. If i sell inventory how will my current ratio change?
Q5. How was our ppt?

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Campus Placement and was interviewed before Jul 2023. There were 2 interview rounds.

Round 1 - Group Discussion 

Social media Advantages & Dis advantages

Round 2 - One-on-one 

(4 Questions)

  • Q1. Family background
  • Q2. Self Introduction
  • Q3. College experience
  • Q4. Why U choose finance
  • Ans. 

    I chose finance because of my passion for analyzing data, making informed decisions, and helping individuals and businesses achieve their financial goals.

    • Passion for analyzing data and making informed decisions

    • Interest in helping individuals and businesses achieve financial goals

    • Enjoyment of working with numbers and problem-solving

    • Opportunity for growth and advancement in the finance industry

  • Answered by AI
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Tell me something about yourself
  • Ans. 

    I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.

    • I have a Bachelor's degree in Statistics and have completed multiple data analysis projects during my studies.

    • I am proficient in using statistical software such as R and Python for data analysis.

    • I have experience in conducting market research and creating reports to help businesses make informed decisions.

    • I am a q...

  • Answered by AI
  • Q2. Link between CF, P&L and BS
  • Ans. 

    Cash flow, profit and loss, and balance sheet are interconnected financial statements that provide a comprehensive view of a company's financial health.

    • Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.

    • Profit and loss statement shows the company's revenues, expenses, and profits over a specific period.

    • Balance sheet provides a snapshot of a company's financial p...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Have good finance knowledge. Basic accounting knowledge.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Campus Placement and was interviewed in Aug 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

Basic quants, accounting and general ability

Round 2 - Technical 

(2 Questions)

  • Q1. What is eps and diluted equity
  • Ans. 

    EPS stands for earnings per share, which is a company's profit divided by the number of outstanding shares. Diluted equity refers to the total value of a company's shares if all potential shares were converted into common stock.

    • EPS is calculated by dividing a company's net income by the number of outstanding shares.

    • Diluted equity takes into account potential shares that could be converted into common stock, such as sto...

  • Answered by AI
  • Q2. What is enterprise value
  • Ans. 

    Enterprise value is a measure of a company's total value, taking into account its market capitalization, debt, and cash.

    • Enterprise value = Market capitalization + Total debt - Cash and cash equivalents

    • It represents the total value of a company that would need to be paid by an acquirer in a takeover

    • EV is used to compare companies with different capital structures or levels of debt

    • It is a more comprehensive measure than

  • Answered by AI
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Difference between fcff and fcfe
  • Ans. 

    FCFF is the cash flow available to all providers of capital, while FCFE is the cash flow available to equity shareholders.

    • FCFF includes debt and equity holders, while FCFE only includes equity holders.

    • FCFF is used to value the firm as a whole, while FCFE is used to value equity.

    • FCFF is calculated as EBIT(1-Tax Rate) + Depreciation - Capex - Change in Working Capital, while FCFE is calculated as FCFF - Interest(1-Tax Ra...

  • Answered by AI
  • Q2. Impairment of assets
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Campus Placement and was interviewed in Dec 2023. There was 1 interview round.

Round 1 - Technical 

(3 Questions)

  • Q1. What are the 3 financial Statement's?
  • Ans. 

    The 3 financial statements are the income statement, balance sheet, and cash flow statement.

    • Income statement shows a company's revenues and expenses over a period of time.

    • Balance sheet provides a snapshot of a company's financial position at a specific point in time.

    • Cash flow statement shows how changes in balance sheet and income statement affect cash and cash equivalents.

  • Answered by AI
  • Q2. What are types of Depreciation?
  • Ans. 

    Types of depreciation include straight-line, double declining balance, units of production, and sum-of-the-years-digits.

    • Straight-line depreciation: Allocates an equal amount of depreciation expense each year.

    • Double declining balance: Accelerates depreciation by applying a fixed rate to the book value of the asset.

    • Units of production: Depreciation is based on the actual usage or production of the asset.

    • Sum-of-the-years-...

  • Answered by AI
  • Q3. Explain Components of Balance sheet?
  • Ans. 

    Balance sheet components include assets, liabilities, and equity.

    • Assets: Resources owned by the company such as cash, inventory, and property.

    • Liabilities: Debts and obligations owed by the company such as loans and accounts payable.

    • Equity: Represents the owner's stake in the company's assets after deducting liabilities.

    • Balance sheet equation: Assets = Liabilities + Equity.

  • Answered by AI
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
-

I applied via Walk-in and was interviewed before Jun 2023. There was 1 interview round.

Round 1 - HR 

(1 Question)

  • Q1. About cv and yourself

Analyst Interview Questions & Answers

UBS user image Anonymous

posted on 25 Jan 2015

Interview Preparation Tips

Round: Resume Shortlist
Experience: My strong resume aided in getting shortlisted for Credit Suisse.

Round: Group Discussion
Experience: The GD went well as I did not haste into my chance and was calm throughout.

Round: Other Interview
Experience: The interview was with an alumni who told me that my GD performance was good, and asked me a puzzle. It was followed by some questions on my resume, mainly my internship.
Another puzzle followed, which I took some time to solve. I was able to solve the next one instantly,
Then I was asked to sell a crumbled piece of paper innovatively.

Round: Other Interview
Experience: This round was with a senior member in the company who asked about my resume, stay in campus, post of election officer and some tricky questions, which I answered well. A question on probability was asked. A few more puzzles followed, along with some questions on finance. He also mentioned that he did not expect me to answer these as I had no background in finance. But i was able to answer them.
I was then asked to leave and HR was called inside. I also had an interview with Diamond. The HR came to me and told me that they were interested in and asked me to stall my interview with diamond for a while.

Round: HR Interview
Experience: It was with VP and continued for 45 minutes with no puzzles, finances or cases. It was more of a discussion on all fields ranging from campus life to UP politics to Sachin's retirement, etc.
I was asked about my internship experience and the reason i wanted to join their company .

Round: HR Interview
Experience: It was with the Director, who said that he had a sore throat and hence would not say much. he said that they wanted to hire me and that I do not interview with any other firm. I was more than glad! I was the first person to bag an offer in the placement season.

College Name: IIT KANPUR

Interview Questionnaire 

23 Questions

  • Q1. Why Morgan Stanley?
  • Ans. 

    Morgan Stanley is a top-tier investment bank with a strong reputation for innovation and excellence.

    • Morgan Stanley has a long history of success in the financial industry

    • The company is known for its innovative approach to investment banking

    • Morgan Stanley has a strong reputation for excellence in research and analysis

    • The firm offers a wide range of services to clients, including wealth management and investment banking

    • M...

  • Answered by AI
  • Q2. What between Tower and Morgan Stanley?
  • Ans. 

    Tower and Morgan Stanley are both financial services companies.

    • Tower is a global investment management firm with over $1 trillion in assets under management.

    • Morgan Stanley is a multinational investment bank and financial services company.

    • Both companies offer a range of financial services including wealth management, investment banking, and asset management.

    • Tower is known for its focus on sustainable investing, while Mo...

  • Answered by AI
  • Q3. Strengths/weakness
  • Q4. What is the job profile offered ? Why not phd?
  • Ans. 

    The job profile offered is for an analyst position. A PhD is not required for this role.

    • The job involves analyzing data and providing insights to clients

    • A PhD is not necessary as the role focuses more on practical application of analytical skills

    • The job may require a bachelor's or master's degree in a related field

    • Examples of job responsibilities may include data collection, statistical analysis, and report writing

  • Answered by AI
  • Q5. Minimize the cost of the pen, what innovations can you do with it?
  • Ans. 

    Innovations to minimize cost of pen

    • Use recycled materials for pen body and ink

    • Simplify design to reduce production costs

    • Implement refillable ink cartridges to reduce waste and cost

    • Partner with companies for bulk purchasing of materials

    • Automate production process to reduce labor costs

  • Answered by AI
  • Q6. Prove that for N>= a, N> N^.5 + N^(1/3)+N^(1/4)
  • Ans. 

    Prove N>=N^.5+N^(1/3)+N^(1/4) for N>=a

    • Use AM-GM inequality

    • Substitute N with a and prove the inequality holds

    • Use calculus to find the minimum value of the expression

  • Answered by AI
  • Q7. Statisticss, Algorithms
  • Q8. X, y are random variables with probability distribution ke^(-kx) and ue^(-ux). What is the dist. for min(x,y)
  • Ans. 

    Finding the probability distribution for the minimum of two random variables with given distributions.

    • Use the formula P(min(x,y)>z) = P(x>z)P(y>z)

    • Integrate over the range of z to get the distribution of min(x,y)

    • Final distribution is 2ke^(-kx)ue^(-ux)exp(-uz)

  • Answered by AI
  • Q9. An organism dies out with prob. p and spawns into 2 with prob (1-p). what is the prob. that starting from 1,the organism will die out?
  • Ans. 

    Given prob. p of dying out and prob. (1-p) of spawning into 2, find prob. of dying out starting from 1 organism.

    • Use probability tree to visualize outcomes

    • Probability of dying out starting from 1 is p + (1-p) * (probability of dying out starting from 2)^2

    • Solve recursively to get final answer

  • Answered by AI
  • Q10. In a unit circle, p is chosen uniformly on the circle and q inside the circle, what is the prob. that the rectangle is inside the circle?
  • Ans. 

    Probability of a rectangle being inside a unit circle with p chosen uniformly on the circle and q inside the circle.

    • The probability can be found by calculating the ratio of the area of the rectangle to the area of the circle.

    • The area of the circle is pi and the area of the rectangle can be found using the distance between p and q.

    • The probability is 1/4.

    • Example: If the distance between p and q is 0.5, then the area of t...

  • Answered by AI
  • Q11. Find a local minima of an array in o(log n)? In a functional program
  • Ans. 

    Find local minima of an array in o(log n) in functional programming.

    • Use binary search to find the local minima.

    • Check if the mid element is a local minima, if not, move towards the lower side.

    • If the mid element is greater than its left element, move towards the left side, else move towards the right side.

    • Repeat until a local minima is found.

    • Example: [5, 3, 2, 4, 6, 8, 9] -> local minima is 2.

  • Answered by AI
  • Q12. Write a code to sort a list without pipes?
  • Ans. 

    Code to sort a list without pipes

    • Use a sorting algorithm like bubble sort, insertion sort, or selection sort

    • Implement the algorithm in the programming language of your choice

    • Test the code with different input sizes and types

  • Answered by AI
  • Q13. Find an even length palindrome in a string in o(n)?
  • Ans. 

    To find an even length palindrome in a string in O(n), we can use the two-pointer approach.

    • Initialize two pointers at the center of the string.

    • Expand the pointers outwards while checking if the characters at both pointers are equal.

    • If they are not equal, return the previous substring as the even length palindrome.

    • If the pointers reach the end of the string, return the entire string as the even length palindrome.

  • Answered by AI
  • Q14. A is a matrix vi's are n linear vectors s.t. Avi= Vj a<=j<=n, what are the possible values of |A|?
  • Ans. 

    Possible values of determinant of matrix A given Avi=Vj for n linear vectors

    • The possible values of |A| are non-zero as the given vectors are linearly independent

    • The value of |A| can be calculated using the formula |A| = (-1)^n * det(A)

    • If the given vectors are orthogonal, then |A| is the product of the magnitudes of the vectors

  • Answered by AI
  • Q15. A and B play a game with unfair count with P[Heads]= p. they count # of heads and tails .if # of heads > #tails +1 at any point, A wins.Find the prob. that A wins
  • Ans. 

    A and B play a game with unfair coin. A wins if # of heads > #tails +1 at any point. Find prob. of A winning.

    • The game is played with an unfair coin with P[Heads]=p

    • A wins if # of heads > #tails +1 at any point

    • Find the probability of A winning

  • Answered by AI
  • Q16. Given a sorted array find two element (i,j) s.t. i+j =x in O(n) time?
  • Ans. 

    Find two elements in a sorted array that add up to a given sum in linear time.

    • Use two pointers, one at the beginning and one at the end of the array.

    • If the sum of the two pointers is greater than the target, move the right pointer to the left.

    • If the sum of the two pointers is less than the target, move the left pointer to the right.

    • Repeat until the sum is found or the pointers meet.

    • Example: Given [1, 2, 3, 4, 5] and ta

  • Answered by AI
  • Q17. Question on bubble sort : Given random permutation, suppose i run bubble sort on it.
  • Q18. What is the prob. that element at 20th position lands up at 31st position after the first iteration?
  • Ans. 

    The probability of element at 20th position landing up at 31st position after the first iteration.

    • The probability depends on the size of the dataset and the algorithm used for iteration.

    • If the algorithm involves swapping adjacent elements, the probability is higher.

    • If the dataset is sorted in a way that the element at 20th position is adjacent to the element at 31st position, the probability is 1.

    • The probability can be...

  • Answered by AI
  • Q19. A rod at length l, I randomly put 100 ants in the rod .each ant moves left and right in random direction with l m/s .what is the expected no. of collisions after 30 secs?
  • Ans. 

    Expected number of collisions between randomly moving ants on a rod after 30 seconds.

    • Calculate the probability of two ants colliding at any given time.

    • Use the formula for expected value to find the expected number of collisions.

    • Assume that the ants are point masses and collisions are perfectly elastic.

    • Consider the possibility of multiple ants colliding at the same time.

    • Simulation can also be used to estimate the expect

  • Answered by AI
  • Q20. In how many ways can i permute n numbers 1 2 3...n so that all the no.s between u and i+1 are less than i (for all i in the permutation)?
  • Ans. 

    Counting permutations where numbers between u and i+1 are less than i for all i in the permutation.

    • The first number in the permutation must be 1.

    • For each i in the permutation, all numbers between u and i+1 must be less than i.

    • Use dynamic programming to count the number of valid permutations.

    • The answer is (n-1)th Catalan number.

    • Example: for n=4, the answer is 5.

  • Answered by AI
  • Q21. Find f(n) : pdt F(x) cdf. the value of k> 0 a constant -inf S +inf f(x)*F(kx) dx x follows normal standard distribution?
  • Ans. 

    Finding f(n) for a normal standard distribution with a given constant k.

    • Calculate the product of probability density function and cumulative distribution function.

    • Integrate the product of f(x) and F(kx) from -inf to +inf.

    • The value of k is a constant greater than 0.

  • Answered by AI
  • Q22. Number of inversions in an array in O(nlogn) time?
  • Ans. 

    Number of inversions in an array in O(nlogn) time.

    • Use merge sort algorithm to count inversions

    • Divide the array into two halves and recursively count inversions

    • Merge the two halves and count split inversions

    • Time complexity is O(nlogn)

  • Answered by AI
  • Q23. Given a chessboard 8X8 I put numbers from 1 to 8 in it in such a way that no. x is the mean/average of its neighbor. What is the range of the numbers?

Interview Preparation Tips

Round: Test
Experience: Topics:
1. Statistics
2. Probability distributions
3. Theorms of linear algebra 
4. Algorithms: DP, Puzzle
Duration: 120 minutes
Total Questions: 8

General Tips: Improve on Linear Algebra&#44; Probability, Algorithms.
College Name: IIT KANPUR

Skills evaluated in this interview

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Nomura Holdings Interview FAQs

How to prepare for Nomura Holdings Equity Research interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Nomura Holdings. The most common topics and skills that interviewers at Nomura Holdings expect are Equity Research, Editorial, Content Development, Content Writing and Equity Valuation.
What are the top questions asked in Nomura Holdings Equity Research interview?

Some of the top questions asked at the Nomura Holdings Equity Research interview -

  1. “The cement industry is in demand in India, but the analyst at Nomura has pub...read more
  2. How would you find the growth rate of number of subscribe...read more
  3. How would your predict the revenues of a telecom company for the next five year...read more

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