Bank Of Tokyo-Mitsubishi UFJ

  www.bk.mufg.jp
  www.bk.mufg.jp
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Bank Of Tokyo-Mitsubishi UFJ Reviews

Updated September 10, 2014
Updated September 10, 2014
133 Reviews
2.6
133 Reviews
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Bank Of Tokyo-Mitsubishi UFJ President Nobuyuki Hirano
Nobuyuki Hirano
36 Ratings

Review Highlights

Pros
  • Decent benefits and work-life balance (in 9 reviews)

  • Good people, Ok workload, good benefits (in 7 reviews)


Cons
  • Not a place to work if you want work life balance (in 5 reviews)

  • Management makes up of personnel sent from head office in Japan, that rotates around every 3 years (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Leader in international banking but extremely process oriented. Creativity is not encouraged and very risk averse.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bank Of Tokyo-Mitsubishi UFJ full-time for more than a year

    Pros

    The bank's reputation as international leader in financial services.
    The medical benefits are decent and the bonuses are good.
    The diversity of the workforce.

    Cons

    Status quo reigns supreme. Managers who "know his/her job and show up to work" appear to exemplify the best requirement to be a manager and rewarded accordingly.
    The abilities to coach, train and motivate don't matter if you have already "paid your dues".
    Time off is not that great, especially for non-exempt employees.
    The culture is to correct and improve by over-compensating for the errors and issues of the past.
    Work is often triple checked before anything gets out of the door.
    Doesn't create an environment of accountability as the notion is someone will check your work anyway.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Great company to work for!

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank Of Tokyo-Mitsubishi UFJ

    Pros

    growing, allows mobility, constant yearly bonuses and promotions

    Cons

    foreign bank, conservative with regards to credit approvals

  3. 1 person found this helpful  

    Disappointing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Washington, DC
    Former Employee - Anonymous Employee in Washington, DC

    I worked at Bank Of Tokyo-Mitsubishi UFJ

    Pros

    Company is well-recognized in the global financial services industry.

    Cons

    Highly politicized work place. Significant lack of internal controls with little oversight on office spending.

    Advice to ManagementAdvice

    Tighten internal controls and encourage professional work environment.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Fun summer internship experience with Japanese bank in NYC

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank Of Tokyo-Mitsubishi UFJ

    Pros

    Nice people; interesting work; client interaction

    Cons

    low pay for interns; long hours

  6.  

    Stay far away

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Specialist  in  Jersey City, NJ
    Former Employee - Specialist in Jersey City, NJ

    I worked at Bank Of Tokyo-Mitsubishi UFJ full-time for less than a year

    Pros

    Absolutely no pros other than the coworkers I have maintained contact with, who have all left as well lol

    Cons

    This place is a joke. Under pay staff, treat staff as slaves like this is a sweatshop. If you are not an officer you are looked down upon. Work process is very old fashioned yet all management even junior level thinks they are field experts. Stay away and if you happen to work here hurry up and leave.

    Advice to ManagementAdvice

    Treat staff fairly, they are not robots. Just because you are in a position of authority doesn't mean your staff has to bow down to you. Get over yourselves.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Security v.s. career trap

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst/Associate  in  New York, NY
    Current Employee - Analyst/Associate in New York, NY

    I have been working at Bank Of Tokyo-Mitsubishi UFJ full-time for more than 3 years

    Pros

    stable job security at the junior level
    stable pay
    clear path to promotion at the junior level...just stick around for 2-3 years

    Cons

    as a junior person, no one give a damn to your career development, you are basically stuck in the position without knowing where you are heading, how you can grow yourself, what are the career options you have
    compensation is okay compared to average college grad salaries but lower than other competitors in the banking industry
    work is boring but that's the more or less nature of the banking industry
    not much training available for junior and middle layers staff
    management lack the necessary managerial skills
    business outlook is okay...the bank itself does not have any distinguishable competitive advantage or identity so it's just going to be middle of the pack in a more and more regulated industry, go figure yourself what that means.

    Advice to ManagementAdvice

    start investing in developing your junior talent, build your human capital from within
    figure out a competitive advantage for the bank beside being dumb money and stuffy bank

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Analyst  in  New York, NY
    Former Employee - Credit Analyst in New York, NY

    I worked at Bank Of Tokyo-Mitsubishi UFJ full-time for more than 5 years

    Pros

    On surface, it seems a reasonable place to work. Some, although not enough, training, paid vacation days and occasional company-wide events. Benefit was not generous, but could be acceptable given the fact that almost all banks severely downgraded them.

    Cons

    Political, bureaucratic, conservative, and lack of intellectual work. I really hated there as that was the place where those who had no brain and "Yes" man were more valued and treated well. If you chose to work there, you's better hide your opinions.

    Advice to ManagementAdvice

    Today's competitive work world, you need to take risk and be creative!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    data center operation I/T consoltant.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - I/T DATA CENTER OPERATION  in  New York, NY
    Former Employee - I/T DATA CENTER OPERATION in New York, NY

    I worked at Bank Of Tokyo-Mitsubishi UFJ as a contractor for more than a year

    Pros

    interesting place to work. Low turnover.

    Cons

    too many chiefs,not enough indians.

    Advice to ManagementAdvice

    n/a

    Recommends
    Positive Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Lack of leadership, worst integration ever

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Bank Of Tokyo-Mitsubishi UFJ full-time for more than 5 years

    Pros

    Depends on what department you are in. Some departments are full of great honest, direct, and skilled colleagues. Other groups it's amateur hour...four folks not able to do the job that one skilled high school graduate could do. Almost impossible to get fired, so a good place to collect a steady paycheck until a better opportunity turns up. Always a bit of a clumsy and slow to react organization, but there were pockets of great quality here and there, less so in these early stages of integration with the retail bank in California.

    Cons

    Marketing department is a joke, the lead (Art Smith) lies about his title (Tokyo head office is either so clueless that they don't know or are too intimidated to correct him) and the content his department produces is generic and uninspiring. We spent a fortune on newspaper ads announcing our new brand on July 1 - no traction in the media or an increase of the public's perception of us. New CEO is ineffectual, prior CEO is obviously still in charge (missed revenue numbers and abysmal efficiency ratios under his watch). HR has some great folks, but they are an embarrassment.

    Advice to ManagementAdvice

    Inappropriate behavior and even fraud will happen if there are no consequences for inappropriate behavior and actions. Doing nothing is a choice. It will be very difficult to achieve the public stated goal of becoming a top ten bank and it will be your fault for not acting.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Should be doing a lot better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Specialist  in  Jersey City, NJ
    Current Employee - Senior Specialist in Jersey City, NJ

    I have been working at Bank Of Tokyo-Mitsubishi UFJ full-time for more than 3 years

    Pros

    Not as cut throat as other banks. Departments are hit or miss, some department have great working environments.

    Cons

    A lot of red tape. Many managers are in over their heads. Very weak HR department has led to some terrible hiring practices.

    Advice to ManagementAdvice

    Current management should do a better job vetting senior management personal. They have been recycling JPMC rejects and giving them higher positions within the BTMU organization. BTMU came out of the '07 on pretty good footing compared to other banks but management has gone away from that style. With the changes brought in by Senior Management business will increase short term but any significant downturn in the economy will hit this company hard.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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