Mizuho Financial Group Reviews | Glassdoor

Mizuho Financial Group Reviews

Updated January 16, 2018
91 reviews

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

91 Employee Reviews

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Pros
Cons
  • Atmosphere could be negative, lack of support from senior management and staffing levels were too low (in 17 reviews)

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

More Pros and Cons

  1. "An up and coming universal bank in the United States"

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

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

    Pros

    The bank is consolidating it's US businesses under a single legal entity. Aside from being a US requirement for foreign banks, Mizuho is using this to coordinate sales and expand services, living up to it's motto "One Mizuho".

    As an employee, it's nice to work for an organization that is clearly growing and poised to become a much larger player in the corporate and investment banking space. Mizuho is moving very aggressively, which is unusual for a Japanese bank.

    With so much going on at the bank, I feel that there may be opportunities for promotions.

    Cons

    With Mizuho businesses being merged, it's hard to know what my colleagues are working on. I think a better understanding of areas outside my scope would be beneficial. I'd love to know more about what M&A or equities or fixed income lines of businesses are working on.

    Advice to Management

    By including areas like technology or operations in lunch and learn type meetings, you'd help build beneficial relationships across departments as well as broaden the scope of people who can provide solutions to complex business problems.

    Many people in operations and tech have worked at other companies in the financial services industry and can bring their experiences to the table. Additionally, operations and technology work with lots of areas in the bank. Perhaps LOB of the bank has found and implemented a a solution to a problem that is still challenging another line of business. Areas that work across business lines are perfectly positioned to see these things.

    Overall, management is doing a good job. Keep up your efforts in communicating.


  2. "AVP, Credit"

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

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

    Pros

    Used to be Good people but then they left. Decent Benefits with vacation, insurance

    Cons

    Management no where to be found. Old, outdated systems, everything down on spread sheets, not applications. Low pay

    Advice to Management

    Invest in people and new systems

  3. "Work Environment"

    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

    I worked at Mizuho Financial Group full-time (Less than a year)

    Pros

    Benefits are competitive; work family balance is good. If you do wish to think, here is the place

    Cons

    Work environment is not very challenging. People are hired lacking the work experience to do their jobs. Technology is old and very inefficient. It's like going back to the dark ages. Bank is hiring lots of people, but very unqualified.

    Don't come here if you wish to be challenged

    Advice to Management

    Hire people with experience beyond their resume and buzz words. Make people accountable for doing their jobs.


  4. Helpful (1)

    "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


  5. 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.


  6. "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.


  7. Helpful (1)

    "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.

  8. "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


  9. 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


  10. 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


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