Mizuho vs Canaccord
Both are in NY and TMT. I’m aware these are smaller banks and aren’t near top 10 on the league table but which one will have a higher bonus/prestige?
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Mizuho and its not even close.
Either you don't work in banking or you're very misinformed. I work at a top MM and in terms of M&A or TMT, I would take Canaccord over Mizuho. Canaccord's deal sizes tend to be in the 100m-500m range with occasional deals in the 1-2b range, but the firm has decent deal flow in terms of tech M&A and TMT ECM. I have a buddy at Mizuho who's been trying to lateral for over 6 months now. According to him, he's not had the chance to work on any M&A deals in the past 2 years. As others have mentioned, Mizuho tends to primarily do debt deals.
I help run the lateral recruitment process for my group, and we would rather hire candidates with decent middle-market M&A experience over candidates with debt-focused deal experience. Although Canaccord is certainly not a sexy brand name, the experience itself is likely much better than the experience at Mizuho.
Never interacted with Mizuho, but see a ton of deals from CG on the tech side and everyone I’ve ever spoken to there has been friendly and smart. They get some cool mandates and are very active - have their latest update in my inbox and they closed 90 transactions LTM Q1 ‘21.
Canaccord all the way in. That firm is growing fast, pretty much leaders on the independent space in Canada. They also jump into many of the sectors that bigger banks find to risky (I.e. were the first ones doing Cannabis years ago, Bitcoin/blockchain).
CG 100%. Tech at CG is the real deal as they pretty much mass produce MM deals (no pun intended) in both M&A and equity financing. In the US, base increased to $100k.