Mizuho Financial Group Reviews | Glassdoor

Mizuho Financial Group Reviews

Updated September 19, 2017
90 reviews

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2.9
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Mizuho Financial Group President and CEO Yasuhiro Sato
Yasuhiro Sato
32 Ratings

90 Employee Reviews

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Pros
Cons
  • Rotating Senior Management & Expats (in 15 reviews)

  • Culture, work life balance, etc) (in 8 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (5)

    "Best place to work for the people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Mizuho Financial Group full-time (More than a year)

    Pros

    Great people and growing business. Lots of opportunity for professional growth and learning. Lots of young talent with fresh ideas. Blue sky for your next job opportunity. I have the best manager in the world.

    Cons

    They have some red tape for process changes
    There are Japanese expats who can be hard to communicate with sometimes but they are never rude about it.

    Mizuho Financial Group Response

    Jan 31, 2017

    Thank you for your feedback. We are pleased you are having a positive experience!
    We recognize the frustration related to 'red tape,' which is something being examined.


  2. "okay place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst in Los Angeles, CA
    Former Employee - Credit Analyst in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Mizuho Financial Group full-time (More than 3 years)

    Pros

    Good hours, nice office and benefit

    Cons

    the company is very controlled from Japanese HQ

  3. Helpful (3)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Mizuho Financial Group full-time (More than 3 years)

    Pros

    Decent pay scale and good/inexpensive benefits. Generous vacation time.
    Low pressure work environment.

    Cons

    Ancient technology - both internal and client facing. Values process over results.
    Credit process and culture is not up to market standard - too long, too cumbersome and lacks competitive perspective.
    Cross-sell strategy has no teeth as products are largely inadequate.
    Not a global Bank - too much power in the regions/branches.

    Advice to Management

    Let those who understand the Americas market run the business. Stop the Ex-pat rotations. Invest in internal and client facing technology immediately to get to minimum competitiveness. Bring in new Credit/Risk talent who understand market best practices and the importance of execution and client delivery vs. process.


  4. "Competitive Investment Bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Mizuho Financial Group full-time (Less than a year)

    Pros

    Excellent place to work. Overall employees are professional, focused, efficient, smart and respectful. Financial institution has clear goals to become a more prominent investment bank in leveraged lending and high yield lead tables. Bank has a long and established position in investment grade market and lead tables. Compensation packages for recently hired staff are on par with market.

    Cons

    Organization is going through a process of reorganization of its U.S. operations to merge various branches and legal entities into one single entity. Path towards promotion is not 100% clear. Large portion of the current employees have in part of the organization for 5, 10 or more years, which denotes stability, but also causes challenges when trying to push through cultural changes and increase awareness of evolving market practices and regulatory demands.

    Advice to Management

    Management needs to do a better job a delineating path towards title promotions. Organization would benefit from management overall encouraging staff to change and adapt to more recent trends in capital markets and ever more demanding regulatory environment. Accelerating the investment in centralized data systems would make business and operations much more efficient and effective.


  5. "Executive Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Mizuho Financial Group full-time (More than 3 years)

    Pros

    Mizuho really has great and talented employees and some departments work really well as a team.

    Cons

    Very negative overall work environment as most employees felt overworked.

    Advice to Management

    Listen to the concerns of your valued employees.


  6. "Sales and Trading Summer Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Summer Analyst in New York, NY
    Current Employee - Summer Analyst in New York, NY

    I have been working at Mizuho Financial Group (Less than a year)

    Pros

    Rotational program, great people wiling to help out, awesome culture

    Cons

    Not much opportunity to compete for full-time role

    Advice to Management

    hire more young analysts to attract young talent


  7. Helpful (1)

    "Bank Holding Company (BHC)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Mizuho Financial Group full-time

    Pros

    Generous paid time off (30 days [incl. sick days])

    Cons

    Managers tend to be socially inept and disrespectful; technology is dated; rely too heavily on consultants

  8. Helpful (3)

    "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Neutral Outlook
    No opinion of CEO

    I worked at Mizuho Financial Group full-time (More than 8 years)

    Pros

    Strong Franchise and corporate relationships in Japan.

    Cons

    Overly bureaucratic Japanese management combined with local U.S. managers who do not understand Japan well. Lots of cultural miscommunication and ugly political infighting

    Advice to Management

    Put more emphasis on local management who really understand what is happening on both sides of the Pacific


  9. Helpful (4)

    "Terrible place of work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Mizuho Financial Group full-time

    Pros

    Some of the people are worthwhile. good PTO (but taking PTO is frowned upon), decent benefits

    Cons

    No upward mobility, awful management, ultimately the company has no idea what it is doing. A lot of restructuring but nothing that makes sense. Expats are impossible to work with. Tech is unbelievably behind the times. A long career at Mizuho is a waste of time. Japanese culture is extremely exclusive and uncomfortable

    Advice to Management

    Hire some real talent, make big management changes, be more transparent, join the 21st century


  10. Helpful (2)

    "fear culture"

    StarStarStarStarStar
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY

    I have been working at Mizuho Financial Group full-time (More than 3 years)

    Pros

    its just a job, nothing more. The stressed out staff keep a smile on and work hard.
    despite the head games, most people are decent.

    Cons

    Its a hang around the office culture, show up late and stay late. Not a fun place, most cant wait to go home. Rumor is the benefits are being chipped away too.

    Advice to Management

    Expect high turnover for better conditions, you may not care, but you will eventually.


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