Mizuho Financial Group Reviews | Glassdoor

Mizuho Financial Group Reviews

Updated August 14, 2017
88 reviews

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2.8
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Mizuho Financial Group President and CEO Yasuhiro Sato
Yasuhiro Sato
31 Ratings

88 Employee Reviews

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

  • Rotating Senior Management & Expats (in 14 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (3)

    "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. "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.

  3. "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.


  4. "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


  5. "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


  6. Helpful (2)

    "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


  7. Helpful (3)

    "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

  8. 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.


  9. "Great place"

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

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

    Pros

    -Well-reasoned, respectible work environment
    -Business casual attire is preferred throughout the bank (except for some front-end sales roles, though most will leave their jackets at their desks, so there is some flexibility as long as clients are not around)
    -Frequent company-wide events allow employees to bond with eachother accross divisions and build rapport with colleagues including the catered holiday, end of fiscal year, and mid-year parties
    -Bank is slow-and-steady and tries to avoid risky propositions

    Cons

    -Not much of a con, but consensus-building can be slow at times and occassionally decision-making can become unnecessarily cumbersome.
    -Bank could seemingly afford to take more risks, although slow-and-steady generally wins the race.
    -There's general concern among some of the older guard that some former RBC employees, while contributing to growing the bank, may be posioning the well culture-wise. I can see both sides of it - I'm generally agnostic on this.
    -More consolidation likely ahead for the subsidiaries, from what I've heard

    Advice to Management

    Generally doing a good job

    Mizuho Financial Group Response

    Apr 17, 2017

    Thank you - we appreciate your feedback. Good luck in your future endeavors.


  10. Helpful (10)

    "Face time culture and no clear direction or leadership."

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Hard to say. Benefits used to be the only pro, but staff are discouraged from taking PTO, no real remote work options, other benefits are diminishing as well.

    Cons

    Zero leadership, zero focus on results. All the focus is who stays the latest every night. Antiquated belief in managing like we're in the 80's. They'll never keep any real talent this way.

    Advice to Management

    Get a focus on results and impact. Lose the culture of managing by perception and face time.

    Mizuho Financial Group Response

    Apr 17, 2017

    Thank you for your comments. We encourage you to discuss your concerns with management or your Business Partner in Human Resources.


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