Pros: stability in corporate offices, very well managed, strong marketing support
Cons: employee benefits, wages, upward mobility, goals
M&T is ahead of the curve. They thrive on honest, hard hitting analysis and game plan around that analysis to address key issues affecting the organization currently, and in the future. Their response to the rapidly evolving compliance culture around banking was second to none, and an easy transition for their clients. The bank is heavily tilted toward the share holders, making it an extremely sound investment. However, the employee benefits have taken a huge nose dive, from compensation, to health insurance to general expenses. No holiday party expenses are aloud for each branch team, and a very minimal employee welfare budget. Furthermore, the goals are pre-2008 level. In a challenging deposit and loan environment, the bank is asking each employee to double and triple their pre-2008 output, despite having significantly less staff. Overall it is a shrewd, very intelligent organization that is losing sight of the heart of the culture - the people.