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“Sumitomo Mitsui Banking Corporation has announced that the starting salary for university graduates joining the bank in April 2026 will be 300,000 yen, an increase of 45,000 yen from the current 255,000 yen. With the backdrop of Japan’s ageing population and labour shortages, the bank is looking to intensify its efforts to secure top talent.
This salary increase is the first in three years, and it will be the first time a major bank offers starting salaries in the 300,000 yen range for university graduates. For graduates with a master’s degree, the starting salary will be raised by 20,000 yen from the current 280,000 yen, bringing it to 300,000 yen.
In addition to the pay rise for new graduates, the bank also plans to implement salary increases for younger employees within their first few years to ensure their wages remain competitive.”