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How important is brand name in Banking?

Not sure if this is the right place to ask a question as general as this, but here goes. 

I have the opportunity to join either Mizuho or Standard Chartered for an entry level role in Trade Finance, and I have trouble choosing between them. SCB definitely has the better brand name, however due to the volumes of trade that it receives, a chunk of the processing work is outsourced overseas, therefore I would only be exposed to 1 or 2 steps of the entire trade financing process. Mizuho on the other hand, has lower volumes of trade, and better learning opportunities as the work is largely done in-house, and I would be able to gain exposure to other areas such as commodities.

Salary wise, they are both around the same, however Mizuho has a better bonus scheme. I do not see myself staying at either role for more than 2 years, therefore a large part of my choice will depend on how the role I choose now will affect my subsequent jobs/career. While it may be a stupid question, I’m curious to know if a brand name or the lack of one will affect my future job opportunities in the banking industry? For example, if I were to apply for a more senior role in the future, will another candidate from SCB be looked upon more favourably despite having less knowledge or understanding? How is Mizuho’s reputation in the industry in any case?

Thank you.

Yeah, avoid Mizuho and Japanese banks in general. I can’t speak for Standard Chartered, but I’ve known some people who had worked at Mizuho and it was not good (think rigid Japanese management culture and lack of upward mobilities, unless you are Japanese)

Choosing the right team and the right manager is very important.  Brand name, your business card all flies out the window if you and your manager hate each other’s guts and if your manager wants you to suffer - no bonus, no learning, no mentoring.  I have never worked at a brand name fund in nyc but have seen people really blossom and take their careers to the next level at other firms

Be yourself. The world worships the original.

Don’t work for a Japanese bank unless you are Japanese and down with their professional culture.

"Verdict: TRUE" - Fact Check

I’d definitely stay away from Japanese banks..and i’d also stay away from “trade finance” but it is what it is.. good luck

^ he covered it pretty well. but if you have no options you have got to make a living.

"Verdict: TRUE" - Fact Check

i worked for a Japanese company. The perks are you get to bang Japanese chicks but you get paid pennies relative to the Japs.

jap culture is sickening….In Japan the exploitation of children is legal and viewed as acceptable as a society - you know the activity that will put you in jail for a long long time if done in the USA. sickos really. Still deny their role in WWII and their history books are empty of their roles during WWII and their atrocious acts.  Don’t let their benign looking gentlemen like smiles and 90 degrees bows fool you.

Be yourself. The world worships the original.

^

must be Korean or Chinese 

when i sat next to a gs guy in level 3, i thought he was immediately the shiznit.

I love my cheese. I got to have my cheddar.

HugeGamma wrote:

I’d definitely stay away from Japanese banks..and i’d also stay away from “trade finance” but it is what it is.. good luck

Just curious as to why you would stay away from trade finance. Is it not a good function to be in? Just asking as I have limited industry knowledge as a fresher and it does seem like a good starting point for me in a sense. 

infinitybenzo wrote:

Choosing the right team and the right manager is very important.  Brand name, your business card all flies out the window if you and your manager hate each other’s guts and if your manager wants you to suffer - no bonus, no learning, no mentoring.  I have never worked at a brand name fund in nyc but have seen people really blossom and take their careers to the next level at other firms

I’ve been for 2 rounds with Mizuho and I feel like this is also an important factor for me. The 2 heads I interviewed with were both locals, not japanese, and they seemed to be really great people to work for. I did mention a lot about my concerns with regards to learning opportunities as a fresh graduate during my interviews and they echoed my sentiments and emphasized that learning and mentoring opportunities were there for me if I wanted to grab them.

Conversely, the other bank that I also interviewed for (citibank) seemed cold and unwilling to nurture employees, especially fresh graduates and it seemed like they were just hiring someone to “do a job”. 

el_macca17 wrote:

^ he covered it pretty well. but if you have no options you have got to make a living.

Genuinely interested to know why you think trade finance is not a good place to be in

AbrahamIsaac wrote:

^

must be Korean or Chinese 

doesn’t matter if i am chinese or korean or mongol or jew - stating the facts that they are indeed weird at least from the Western culture.  Not only weird but also sickening.

Have been to Japan couple times and the tourist guide there gave us a pamphlet of history of Japan from the shogun era.  Then went blank from 30s to 50s.  Thought it was strange so I asked and the guide looked at me blank and said nothing there as if all of a sudden she could not speak english.

Their child protection law rivals those of lawless countries only found in war torn African nations.  Execept that in Japan, their law states that it is legal to do _____________to minors.

Be yourself. The world worships the original.

In general I guess that Japanese banks are seen pretty negatively, which is not very surprising. Even in my country it is regarded poorly by some. To be honest, I am not a stellar student and these 2 banks (Mizuho and SCB) are my best shots in breaking into the industry, lousy function or not. 

Would it be worth it to avoid japanese banks due to its rigidity if i could potentially stand to be in a better learning environment? The lack of upward mobility would not really apply to me as an entry level employee. Besides, I totally understand that organic growth is not so feasible these days. Not sure if japanese banks are also seen in a negative light by other employers in the industry, which could affect my chances at switching to another firm in the future? 

infinitybenzo wrote:

AbrahamIsaac wrote:

^

must be Korean or Chinese 

doesn’t matter if i am chinese or korean or mongol or jew - stating the facts that they are indeed weird at least from the Western culture.  Not only weird but also sickening.

Have been to Japan couple times and the tourist guide there gave us a pamphlet of history of Japan from the shogun era.  Then went blank from 30s to 50s.  Thought it was strange so I asked and the guide looked at me blank and said nothing there as if all of a sudden she could not speak english.

Their child protection law rivals those of lawless countries only found in war torn African nations.  Execept that in Japan, their law states that it is legal to do _____________to minors.

but they’re women though bro. Open their legs faster than you can turn head 

AbrahamIsaac wrote:

infinitybenzo wrote:

AbrahamIsaac wrote:

^

must be Korean or Chinese 

doesn’t matter if i am chinese or korean or mongol or jew - stating the facts that they are indeed weird at least from the Western culture.  Not only weird but also sickening.

Have been to Japan couple times and the tourist guide there gave us a pamphlet of history of Japan from the shogun era.  Then went blank from 30s to 50s.  Thought it was strange so I asked and the guide looked at me blank and said nothing there as if all of a sudden she could not speak english.

Their child protection law rivals those of lawless countries only found in war torn African nations.  Execept that in Japan, their law states that it is legal to do _____________to minors.

but they’re women though bro. Open their legs faster than you can turn head 

not sure what that has to do with a country that legalizes and enjoys child exploitation.  Plus I would never go for any women who “open their legs faster than you can turn head” because I have more respect for myself - not into the whole “you are the 9th man this week come here white boy.” errr today is Wednesday. lmao

Be yourself. The world worships the original.

I never heard about this child exploitation stuff in Japan. I know the men are obsessed with ladies looking like children and men on streets coercing women into porn 

Where is this job located? In the US, both banks are relatively obscure, even though they have expansive global businesses. Mizuho is expanding more aggressively here though, along with Nomura and maybe some other comparable companies. Standard Chartered’s reputation in the US was destroyed by their money laundering scandal with Iran, and they might never recover.

Outside the US, I would imagine Standard Chartered is more prestigious, and you should probably lean there, if everything else is equal. For what it’s worth, I think the whole “multiple hats” attribute is overrated. If you work somewhere with more specialized roles, you are usually also in a more polished environment with higher work standards.

The reason why you would go to a less developed business is when you see upward career opportunities as the business grows. If you only plan on staying for two years, this is not as important of a consideration.

“Visit the Water Cooler forum on Analyst Forum. It is the best forum.”
- Everyone

Japs pay well though dude. So if you’re only looking for a couple of years and then move on to somthing better then go with the Japs and move to SCB in a couple of years and you’ll get a upsize in salary. 

If you’re junior then you wont have much interaction with Jap anyway so dont worry about culture and all that stuff just yet. 

That said, SCB is THE trade finance bank of the world… def one of the most recognized especially in emerging markets, so exit options will be good.

I think both are good choices, so just go with thwe one where the management is best and you team looks the coolest.

plumber > stripper > experience > CFA > MBA

AbrahamIsaac wrote:

I never heard about this child exploitation stuff in Japan. I know the men are obsessed with ladies looking like children and men on streets coercing women into porn 

you for real? Been on NYT, WSJ, CNN etc at least once in the past year - a photographer from the US was under heavy fire from all sides in the US for taking pictures of nude boys and girls in Japan and posting/selling them in Japan.  It is legal so yeah…..

Also, their denial in their atrocious part in WWII is well known even in the West.  See the nazis were into human experimentation and genocide.  Japs were into rape, sexual abuse of infants, genocide and human experimentation.

You ask Japs about Pearl Harbor and they either say fake news (no joke) or Japanese defensive after an attack by the US only that the Japs were far more superior.  The “unprovoked attack” is a title added by the US to hide their incompetency is some of their answers.

Be yourself. The world worships the original.

not all Japs are bad people fool. Dont get it twisted.

AbrahamIsaac wrote:

not all Japs are bad people fool. Dont get it twisted.

you jap? I only stated the truth…..I did not make anything up.  Google search for news articles son.  Knowledge is power and it can save your pride, from total embarrassment and sometimes even life….Unless of course you deem all news and academic articles as fake

Be yourself. The world worships the original.

No but I’m pretty sure you’re a China man 

AbrahamIsaac wrote:

No but I’m pretty sure you’re a China man 

egg rolls and fried rice is not my type.   I love sushi though.  Do yourself a favor and educate yourself and by the way get ready for level 1 again because you failed lmao. LIFO and FIFO all over!!!!

Be yourself. The world worships the original.

^OP said “fresher”. Pretty sure he’s in India… this sounds like ‘IB KPO’ thread all over again

"Verdict: TRUE" - Fact Check

infinitybenzo wrote:

AbrahamIsaac wrote:

No but I’m pretty sure you’re a China man 

egg rolls and fried rice is not my type.   I love sushi though.  Do yourself a favor and educate yourself and by the way get ready for level 1 again because you failed lmao. LIFO and FIFO all over!!!!

not funny bro . That ish is hard mang

AbrahamIsaac wrote:

infinitybenzo wrote:

AbrahamIsaac wrote:

No but I’m pretty sure you’re a China man 

egg rolls and fried rice is not my type.   I love sushi though.  Do yourself a favor and educate yourself and by the way get ready for level 1 again because you failed lmao. LIFO and FIFO all over!!!!

not funny bro . That ish is hard mang

i feel like you have multiple accounts on AF…..are you cfa level V candidate?

I guess I could be a carpenter in Alaska using my DSL connection or coyote hunter in mongolia or beach bum in Malibu…..

Be yourself. The world worships the original.

I like how this thread turned into a jap bashing rant

^jap lover

I love my cheese. I got to have my cheddar.

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