Mizuho Securities Analyst & Associate Salary
Complete compensation breakdown for investment banking professionals at Mizuho Securities, including base salary, bonuses, and total compensation at every level.
Last updated April 2026 · By the Superday AI editorial team
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$105,000
$163,000 - $188,000
$280,000 - $320,000
Analysis
Mizuho Securities pays first-year analysts a $105K base plus a $50K-$75K year-end bonus and an $8K signing bonus, for total first-year compensation of about $163K-$188K in 2026, a competitive package backed by a Japanese mega-bank balance sheet.
Key facts
- First-year analyst base salary is $105K, with a year-end bonus of roughly $50K-$75K and an $8K signing bonus.
- Total first-year analyst compensation lands at about $163K-$188K in 2026.
- Associate compensation rises to $185K-$250K.
- Mizuho acquired Greenhill & Co. in December 2023 for approximately $550M, now operating advisory under the 'Mizuho | Greenhill' brand.
- Bonuses run 35-45% below Goldman and JPMorgan and 25-35% below Bank of America and Citi.
Base & Bonus
First-year US analysts earn a $105K base salary, a year-end bonus of roughly $50K-$75K, and an $8K signing bonus. Mizuho has raised pay in recent years to stay competitive for US talent. Benefits are thorough and include health insurance, 401(k) matching, and vacation policies that blend Japanese and American corporate norms.
Total Compensation
Total first-year analyst compensation comes to about $163K-$188K in 2026. Associate compensation rises to $185K-$250K, with the trajectory benefiting from the bank's ongoing US expansion, which creates more senior roles for those willing to grow with the platform.
How It Compares
Mizuho sits in the middle-market tier alongside other international banks like HSBC and Nomura. Bonuses run 35-45% below Goldman and JPMorgan, and 25-35% below Bank of America and Citi. The December 2023 acquisition of Greenhill & Co. for approximately $550M added a marquee M&A and restructuring advisory franchise that now competes directly with US elite boutiques and bulge brackets for the same candidate pool.
What Drives Pay
Bonus allocation benefits from Mizuho's strong leveraged lending franchise, which generates consistent fee revenue that is less cyclical than pure advisory businesses, plus the Greenhill-derived advisory fee base. The bank's Japanese corporate structure provides greater job security and a longer-term employment orientation than the hire-and-fire culture common at US banks. For candidates interested in leveraged finance, M&A advisory, restructuring, and cross-border deals, the package balances competitive pay with career longevity.
Analyst Compensation
First-year analysts at Mizuho Securities earn a base salary of $105,000 with a year-end bonus of $50,000 - $75,000, bringing total first-year compensation to approximately $163,000 - $188,000. Second-year analysts earn approximately $185,000 - $210,000 total comp, rising to $205,000 - $235,000 in the third year.
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Analyst 1 | $105,000 | $50,000 - $75,000 | $163,000 - $188,000 |
| Analyst 2 | $120,000 | $65,000 - $90,000 | $185,000 - $210,000 |
| Analyst 3 | $130,000 | $75,000 - $105,000 | $205,000 - $235,000 |
Associate Compensation
| Level | Base Salary | Year-End Bonus | Total Comp |
|---|---|---|---|
| Associate 1 | $160,000 | $88,000 - $128,000 | $280,000 - $320,000 |
| Associate 2 | $185,000 | $108,000 - $158,000 | $293,000 - $343,000 |
How Mizuho Securities Compares
Mizuho sits in the middle-market tier alongside other international banks like HSBC and Nomura. Bonuses run 35-45% below Goldman and JPMorgan, and 25-35% below Bank of America and Citi.
Benefits & Perks
Meals & Transportation
Dinner allowance, transportation support
Mizuho Securities Compensation Overview
Mizuho Securities offers middle-market compensation reflecting its Japanese parent bank heritage and the materially expanded US M&A advisory and restructuring franchise added through the December 2023 acquisition of Greenhill & Co. (operating as 'Mizuho | Greenhill'). Base salaries are competitive with middle-market US peers, while bonuses reflect Mizuho's position as a growing international player. The firm has sector strength in Japanese corporate M&A, cross-border financings, and leveraged finance, plus the Greenhill-derived M&A and restructuring practice. Mizuho's culture blends Japanese formality with US banking norms, emphasizing relationship building and process rigor. Analysts interested in Asia-focused banking, Japanese corporate clients, or building careers in M&A advisory and restructuring find the combined platform unique. Exit opportunities include corporate development at multinational companies and regional private equity.
Frequently Asked Questions
What is the total compensation for a first-year analyst at Mizuho Securities?
First-year analysts at Mizuho Securities earn a base salary of $105,000 with a year-end bonus of $50,000 - $75,000, bringing total compensation to approximately $163,000 - $188,000.
How do Mizuho Securities bonuses compare to other Middle Market banks?
Mizuho sits in the middle-market tier alongside other international banks like HSBC and Nomura. Bonuses run 35-45% below Goldman and JPMorgan, and 25-35% below Bank of America and Citi.
Does Mizuho Securities pay overtime?
Yes, Mizuho Securities does pay overtime to eligible analysts, which can meaningfully increase total compensation.
More Mizuho Securities Resources
Sources
- Mizuho Securities - Careers. Mizuho Securities (accessed 2026-05-14)
- Johnson Associates - Compensation Reports. Johnson Associates (accessed 2026-05-14)
- Wall Street Bonus Pool to Grow as Bank Revenue Boosted by Rally (2025). Bloomberg (accessed 2026-05-14)