MUFG Employee Reviews

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Terrible
Analyst (Former Employee) –  Phoenix, AZJuly 30, 2018
The company is poorly run. Management is not experienced and often make poor choices in leading the organization forward.

If you come in as a contractor the company goes out their way not to include you in various Company activities. Contractors who have been working at MUFG past their contract can have it renewed however, if you apply to internal positions, it is VERY rare you will be contacted or converted to FTE. Yet, they tell each other good talent is hard to find. Perhaps if they considered the contractors that are there, on-site, doing the job successfully, they can find qualified talent.


Systems are old and antiquated. The culture is awful. Turnover is crazy high. Speaking for myself, i was told it was a new role i was interviewing for in April 2018, only to find out 3 other people were in the role in less than 1 years time.
Pros
Pay
Cons
Everything else
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No Work life Balance
Vice President (Current Employee) –  New York, NYJune 6, 2018
NO work life balance and management doesn't care. If you have family, management doesn't care. You are a machine and they own you. They will text you all hours (even 2am). Executive leadership under Risk is horrific. Steer clear if you're management is under that umbrella. Constant shifting of leadership, directional scope, training, etc. Risk is an extremely unstable group, primary Issues Management. You could be laid off at a moments notice and not see it coming. New leadership is brutal and cares only for her reputation, not the lives of her associates.
Pros
Pay
Cons
No work life balance
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some nice people but bad management and low morale
Vice President (Former Employee) –  New York, NYFebruary 15, 2018
People in general are nice and easy to work with, but MUFG is essentially a bank run by a west coast regional retail bank (Union Bank) over a east coast international wholesale bank (BTMU). They don't pay bonus until mid-June.
Pros
free coffee, good benefits
Cons
too many middle management, bad decisions, old technology, low morale of employees
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Awful workplace. Work elsewhere.
Information Security Project Manager (Former Employee) –  Jersey City, NJMay 16, 2018
Too many meetings. No program level strategy. Require strict focus on EPLC rigid process which adds months of delay to projects that lack adequate funding from the start. New managers lack managerial skills. Micromanager that manages through fear and intimidation and favoritism.
Pros
Friendly helpful colleagues
Cons
Terrible micro management. Draconian work environment. Terrible work life balance.
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Third Rate Bank Trying to be First Rate--They will never make it. Avoid them
Assistant Vice President (Former Employee) –  New York, NYAugust 30, 2017
MUFG is not one company but two. Union Bank (retail bank) on the west coast of the USA and (Bank of Tokyo Commercial Bank) on the east coast merged to become MUFG a few years ago, One bank, two cultures.

The powers that be in Japan decided that worst of all benefits should be established within the bank upon the merger. Paid time off, healthcare etc. should become the least desirable upon the merger. The powers that be also believed that management of the retail bank (west coast) should take over roles of the commercial bank (east coast). Not a smart move as many of the best employees have left.

Technology is antiquated. Capable people are few. HR is a joke.
It is best to stay away until the growing pains end (if they ever do)
Pros
Good Locations on east coast (Mid Manhattan Jersey City)
Cons
Union Bank runs the show.
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Bank needs improvements
Processor (Current Employee) –  Tempe, AZMarch 13, 2018
The company is way behind in technology. They are trying to update the companies systems so they can compete. CBSS area, management sucks to high heaven. Lead is difficult to work with. Manager is to soft and does not make the branches fix some of the mistakes they make. People are leaving quickly. Lost five people since I have been here in one year. They left because of management. No advancement on this team. Not a good place for people of color.
Pros
Hours are good
Cons
Time off, pay sucks
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Relatively relax operation environment in JC
AVP Operations (Former Employee) –  Jersey City, NJApril 24, 2018
Benefit is very good in the industry, 401 100% match, pension about 3%/year (3 years vested), HSA $750/year company contribute, 16 weeks maternity leave, 17 days vac. + 9 sick days;

Work life balance is good in most operation teams, nice people;
Pros
good benefit;
Cons
Low pay; Moving operation to AZ;
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Good company for fresh graduates
Account Associate (Former Employee) –  Shenzhen, ChinaAugust 7, 2018
I was working in the Shenzhen branch of MUFG. This is a very international company and we mainly use 4 languages at work. I was in the corporate banking department. This is an excellent department to build our interpersonal relationship and expand our business. The financial statement analysis and loan business really open my world. I left only because of master's study. Great experience.
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Unstable
executive (Former Employee) –  Los Angeles, CADecember 21, 2015
Company was acquired about a year ago and going through the final stages of downsizing. Alot of people leaving and no chance for advancement unless you know someone in upper management. However, with the new workday implementation. Pay increases are not minimal to keep things fair finally. Alot of favoritism. Benefits are minimal and no more pension plans. Bonus are not through out and are still being distributed to people that have not earned them while others work hard.Alot of office politics.
Pros
Gym, starbucks cafe, alot of volunteer opportunities
Cons
Office, politcs, unstable, poor pay
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Great Management
Consultant (Current Employee) –  San Diego, CAJuly 2, 2018
The team that I was able to work with, the Leadership was top notch. They gave you room to do you work, give feedback, suggest improvements and let you run with it.
Pros
great opportunities to learn
Cons
to many contractors not enough full time employees
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Horrible!
Vice President (Current Employee) –  New York, NYApril 19, 2018
MUFG is a terrible place to work. Do not be fooled if you are from another bank. This place is deceptive and a disaster. Management is clueless and the technology is old, weak and in decline. AVOID IT!
Pros
None
Cons
Liars in management, MRA's which are not truly resolved
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Upper management not in touch!
Branch Manager (Former Employee) –  Los Angeles, CAFebruary 23, 2018
Poor management. Staffing cuts, still same workload. Management has not managed branches with this new staffing model and does not have a clue as to the daily branch environment! Unrealistic goals, reviews and expectations. Hire good people and and hold them accountable for unrealistic sales goals and staff training.
Longtime employees leaving frustrated and worn out.
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Horrible management
Analyst (Former Employee) –  CaliforniaFebruary 10, 2018
Development opportunities are available.
However, incompetent management creates a hostile environment which drives high turn over. Senior management lacks oversight of junior management.
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Great Place but Chaotic
Manager (Current Employee) –  Tempe, AZMarch 6, 2018
A great place to work - lots of good people from different backgrounds. However, lots of chaos - still trying to understand who does what and where, who has authority, and getting people to get a sense of urgency is difficult.
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Not a good place for IT or InfoSec people
VP (Current Employee) –  Tempe, AZMarch 1, 2018
Perfect storm of chaos, change, infighting, and poor leadership. Serious maturity issues abound. Very painful ride if you choose to board this train.
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Falling apart with lack of direction
Vice President (Current Employee) –  New York, NYMarch 4, 2016
The bank was doing quite well until the merger to MUFG Union Bank. Essentially Japanese management decided that a retail bank could run an investment bank which resulted in poor accountability and the for the first time a lack of job security. It's probably best to stay away from them until everything is resolved over the next few years.
Pros
Not many-work life balance
Cons
No direction, inflexibility, never equal to a Japanese worker
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If you have a choice, take the other choice.
Analyst (Former Employee) –  Jersey City, NJApril 6, 2017
Worked there as an analyst. People stay here for decades with very little advancement. A lot of lifers in the company.
Everything is insanely manual(I cannot stress this point enough), and tech improvements are only promises.
A lot of micromanagement. Spent a lot of time explaining errors over penny differences. There is a report for everything and the useful ideas are overlooked.
Only positive thing was the reasonable work schedule of 9-5:30 with a 1 hour lunch, hard to find that in finance now.
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Excellent career opportunity
Manager (Current Employee) –  Tempe, ArizonaJune 25, 2017
I have worked for many top employers in my career and this is by far the very best company yet! Having been with the bank for over six years, I have found the leadership, culture, values, and opportunities to be among the best. I highly recommend MUFG.
Pros
Career opportunity, challenge, meaningful work, people, culture, values, rewards, and recognition
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Toxic Environment
Enterprise Information Security (Current Employee) –  Phoenix, AZOctober 9, 2017
MUFG Union Bank is trying to grow rapidly with unqualified, untrained leadership, inefficient processes, and silo mentality. The result is a cesspool of toxicity and frustration that makes it a challenging place to work. Management is unrealistic on expectations - easy place to burnout quickly.
Pros
Pay
Cons
Leadership, in-fighting
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IRMG Audit Team - Applications
Sr Applicaitons Auditor (Former Employee) –  Monterey Park, CAMay 5, 2015
Worked for over a year and the people that I worked with were great. Great co-workers, but management was not good. The entire audit team is going through restructuring and there have been some good audit SVPs let go during this time. The managers that you interact with on a daily basis can make things frustrating and annoying at times. They never listen to you, just bark orders and accept it. Very moody and their weekly team meetings are toxic. All they do during meetings is to put you in the spotlight in front of your peers. A lot of ppl have transferred out of audit and into other positions. The Applications Audit team in general is not a good place to work in. Lots of turn over and overall not good. If you really need a job and like getting kicked in the face, then go for it. Otherwise, go somewhere else.
Pros
Peers, 9/80 schedule, onsite cafeteria, close to good restaurants
Cons
Mgmt, culture, work environment
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Overall rating

2.7
Based on 42 reviews
57
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2.9Work/Life Balance
3.3Compensation/Benefits
2.7Job Security/Advancement
2.2Management
2.4Culture

Ratings from women

InHerSight Score
1.5

1.2Personal Development

1.7Career Opportunities

1.5Family Support

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