2026 - Investment Banking Off Cycle Internship – Madrid (July start)

Who we are Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through our three business divisions: Retail, Wholesale (Global Markets and Investment Banking) and Investment Management. Driven by the insights of some 26,000 people worldwide, we put our clients at the centre of everything we do, delivering unparalleled access to, from and within Asia. Investment Banking overview: Nomura's Investment Banking Division provides advisory and capital-raising solutions to corporations, financial institutions, governments and public-sector organizations around the world. Our global teams act as geographic, product and industry specialists.  We connect clients directly to Asia, accessing deep pools of liquidity and dynamic growth markets.  In EMEA, we operate across targeted industry sectors and in most major European countries to deliver strategic advice to clients wishing to acquire, combine or sell businesses or looking for financing and risk management solutions. Since Nomura's recent acquisition of GreenTech, we now also cover the renewables and energy sector. Programme overview: Internships are a great opportunity to experience first-hand the possibilities of a career in banking. It is your chance to get a feel for our culture, create new networks and gain valuable on-the-job training. Internships are also the perfect preparation for a subsequent full time role. Nomura will extend full time offers to strong performers. What's your role? Investment Banking interns are placed into the Iberia coverage team for 6 month internships. The Iberian coverage team provides M&A, capital-raising and risk management solutions to clients located in Spain and Portugal across all industries. As an intern in the team, you will: work with industry, product and geography teams located in the different Nomura offices, spanning over 30 countries participate in the full transactional cycle – from identifying and analysing deal opportunities to their complete execution What are we looking for? At Nomura our goal is to attract and develop exceptionally talented people who share our passion for individual excellence and our commitment to teamwork. We recruit graduates and interns with a high level of academic and extra-curricular achievement, who will be able to withstand the rigours of a rapidly changing, demanding but ultimately rewarding environment. Fluency in Spanish and English is essential. How to apply Please note that you can only submit one application per recruitment year (Sept 2025 – Aug 2026) and all applications must be submitted online via To apply for this off cycle position, candidates should be available for full time employment in January or July 2026. We accept applications for this programme from final year students graduating 2026 or students who have recently graduated. Please clearly state the dates of your availability for an internship in your application as we recruit on a rolling basis for this vacancy. We also review applications on a rolling basis and therefore advise that you apply as soon as possible. For further information about Nomura, please visit Deadline dates We recruit on a rolling basis and encourage applicants to apply early. For further information about Nomura, please visit  Diversity & Inclusion Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation. If you require any assistance or reasonable adjustments due to a disability or long-term health condition, please do not hesitate to contact us.