2026 - Investment Banking Off Cycle Internship – Milan Technology

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 an array of 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, with a focus on domestic, regional and cross-border collaboration in M&A, acquisition finance, DCM and risk solutions businesses. Our global sector teams include Technology, Media, & Services, Financial Sponsors, Energy Infrastructure and Industrials, Consumer & Retail, FIG and Healthcare.

The Technology, Media & Services ("TMS") group exists to capitalise on key Tech mega-trends – digitisation, outsourcing, regulatory-driven transformation – supporting the rapid shift towards technology-enabled and service-led businesses across industries and markets.

Nomura's TMS group is focused on three key macro-verticals: (i) Software & IT Services, (ii) Fintech and (iii) Media, Entertainment & Education.

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 in London.

What's your role?

Investment Banking TMS interns are placed into the Milan office for up to 6 month internships.

Nomura's Milan based TMS coverage team provides comprehensive and innovative advisory, financing and risk solutions services to private equity firms and corporates. The team has a longstanding track-record of successfully executed M&A transactions both private and public including advising Bain Capital on the acquisition of Namirial and CVC on the sale of OANDA to FTMO.

As an intern in the team, you will:

• Support senior colleagues on the preparation of process documentation, valuation analysis and preparation of M&A pitches
• Receive first hand exposure to origination and execution projects with a rapidly increasing level of responsibility
• Work on cross-border projects alongside colleagues in London and other Nomura offices worldwide
• Develop strong presentation and analytical skills, through daily use of Microsoft PowerPoint and Excel

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 Italian 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 the 2026 off cycle position, candidates should be available for full time employment in July 2027. We accept applications for this programme from penultimate year students (graduating 2027) and final year students graduating 2026.

Please clearly state the dates of your availability for an internship in your application as we recruit on a rolling basis for these roles.

For further information about Nomura, please visit

Diversity & Inclusion

Nomura is an equal opportunity employer. We value diversity and are committed to creating an inclusive environment for all our employees. We do not discriminate on the basis of age, disability, gender identity and gender expression, pregnancy and maternity, marriage and civil partnership, race, religion or belief, sex 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.