Hi everyone,
Currently have an SA offer from Mizuho. I heard that the conversion rate for interns to full time is very high, so I'm curious what the pay (base+bonus) and exit opps to PE are like for investment banking analysts at Mizuho. I've heard very mixed things on other threads about this topic, so just looking for some fresh opinions. Recruiting is basically over for me, and my only other offer is at a tier 2 BB in Global Capital Markets.
Thanks in advance for responses.
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Pay and bonus are street, or pretty close to it. Yes, the conversion rate is high so that is a benefit. However, Mizuho mainly works in loan syndication and they have a tiny presence in US deals. From colleagues I know there, they definitely seem to enjoy the work, but there are no real exits into PE. May be better to lateral to a different bank later if PE is definitively the next step
These guys are a joke.
Well that might be little harsh, especially as I'm sure he accepted the SA offer already
I reccomend that you do not take this offer. Within their core coverage teams there is not a single person that I know of that went into Private Equity. It is almost purely a debt shop, so if you want to go to a credit hedge fund you might have a shot from here. They really stress that you stick with the firm, especially compared to other banks. Compensation is street, while bonuses are slightly lower. However, hours are also slightly better although not by much (think 75 hours a week avg.).
So the feedback's not been great. If you've accepted, I recommend you lateral after a year, or maybe even better, try to lateral after the internship itself
What about their Lev Fin group? I would think that has exit ops to PE... right?
Thanks for all the feedback guys - super helpful. Although the firm is fast growing and expanding in the US, the consensus seems solid that it isn't the best opp if the eventual goal is buyside. Ended up going with a different offer.
I've heard they do a lot of loan syndication and that a lot of things need to be sent to and approved by the head office in Japan.
Here's some insight
http://uk.businessinsider.com/mizuho-us-fixed-income-ambitions-2016-11?…
Anyone heard from Mizuho for SA? (Originally Posted: 02/10/2016)
Just wondering if they're done recruiting for their position
I heard recently from them. They are not done yet.
Def not done. I just got asked for a 1st round phone interview for LatAm IB coverage.
Hey, I had superday with them on Thursday (2/11) in NYC office for IBD SA. Still waiting to hear back. I followed up but they said they are still interviewing candidates.
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