There is a growing movement in the financial world to raise starting salaries.Daiwa Securities Group Inc. andThe amount announced on the 1st by Mizuho Financial Group is the highest level for both companies. In addition to securing excellent human resources who will lead growth, we will also respond to the government’s move to request a raise in response to price increases.
Daiwa Securities Group announced that it will increase the starting salary for new graduates by 15,000 yen from 265,000 yen to 280,000 yen from June. Group companies such as Daiwa Securities, Daiwa Institute of Research, and Daiwa Asset Management are eligible for the second consecutive year of increases.
Daiwa Securities branch in Tokyo
Source: Bloomberg
Mizuho FGMizuho Bank, Mizuho Trust & Banking, Mizuho Securities, and Mizuho Research & Technologies will start joint recruitment, and will raise the starting salary for four-year university graduates to 260,000 yen from 2024.announcementbottom. This is an increase of approximately 55,000 yen from the current level.
Sumitomo Mitsui Banking Corporation plans to raise the starting salary for new graduates joining the company in April by 50,000 yen to 255,000 yen.
Junichi Hanzawa, Chairman of the Japanese Bankers Association (President of Mitsubishi UFJ Bank) announced on February 16At a press conference, he said that wage increases are not something that the banking industry should uniformly respond to, and that starting salaries and other attractive treatment compared to other companies and industries are also important from the perspective of securing human resources. MUFG Bank is said to be considering the same level as other banks.
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