Japan’s electronics/electrical engineering/IT companies dominate its graduate recruitment scene. Even though Mitsubishi Electric will be hiring fewer graduates in Japan in 2020 than in 2019 (880 down from 920), it is the biggest graduate recruiter in Japan. Fujitsu, at number 2 in Toyo Keizai’s rankings of graduate recruiters, is hiring the same number in 2020 as the previous year (750) as is Panasonic at number 5 (700 for 2020, 700 for 2019) and Sony – 400 for both years. Hitachi is also maintaining numbers (600 in both years, at #9). Murata is increasing its recruitment by 30% to 395 and Canon is upping its recruitment to 522 from 495. NEC is hiring 25% more than last year, from 400 to 500 and NTT Data is hiring 50 more in 2020 (483). Nidec is the exception, hiring 430, down from 500 the previous year.
By contrast, the megabanks and securities houses are cutting back – SMBC is hiring 600, down 50 from 2019, Mizuho down 150 to 550 and MUFG is almost halving its intake from 951 to 531. Daiwa Securities is cutting back recruitment by over a third to 450. Nomura is also drastically cutting back – hiring only 339 in 220 compared to 627 in 2019. Mizuho Securities is reducing recruitment by 100 to 250.
The insurance sector is a mixed picture – Tokio Marine is the 7th biggest graduate recruiter in Japan and is increasing its graduate hires to 639 from 592. Mitsui Sumitomo Insurance is cutting its intake from 460 to 440. Aioi Nissay Dowa is also reducing its graduate hiring from 448 to 410.
The automotive sector is also mixed, Honda is increasing its graduates hires by 30 to 557 and Suzuki is hiring 80 more to 530. Nissan is cutting back by less than 10% from 380 to 350 and Denso is reducing its intake from 451 to 385. No ranking is given for Toyota.
So, for students overseas looking to work for a Japanese company, the electronics/electrical engineering/IT sector looks like the best bet for 2020.
For more content like this, subscribe to the free Rudlin Consulting Newsletter.