Bank Of Tokyo-Mitsubishi UFJ Reviews

Updated June 29, 2015
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2.9
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Bank Of Tokyo-Mitsubishi UFJ President Nobuyuki Hirano
Nobuyuki Hirano
50 Ratings

Pros
  • Decent benefits and work-life balance (in 11 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)

  • Everything is OK'd by Head Office (in 5 reviews)

More Pros and Cons

188 Employee Reviews

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  1. Sr. Administrator

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bank Of Tokyo-Mitsubishi UFJ full-time

    Pros

    The company allowed me to proved my duties as well as my performance to be met on a timely based.

    Cons

    I was a team player. Got along great with other.

    Advice to Management

    Please give me a change.


  2. Impossible to Get Work Done (Frustrating)

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

    I have been working at Bank Of Tokyo-Mitsubishi UFJ full-time (Less than a year)

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

    Pros

    The best thing about the company is the people who work there. The staff members are extremely helpful r o one another and try to help each other in a difficult environment. Difficulties breed comradery, and individuals work together to overcome the challenges of getting basic business done.

    Benefits are the best thing about MUFG, being one of the few institutions offering an actual pension plan in addition to a 401K. Compensation is fair and market-based. Promotions are not so easy to come by from most observations. There is some politicking, and favorites are obviously chosen. Hardest workers are frequently rewarded, but it all depends on which reporting structure you are aligned with. Seems like the California-based reporting structure is favored.

    All in all MUFG is not a bad company to work for, but ultimately, as anywhere, your work experience depends on who you report to and how good your relationship is with your managers.

    Cons

    The obstacles are not limited to basic tasks, there is a lack of management buy-in to basic requirements and tasks. One would think that a Japanese parent company would instill a sense of efficiency and accomplishment, but instead many challenges seem to be inherent to the complexity of a multicultural environment.

    Many basic processes taken for granted in other analogous institutions are simple. Another challenge stems from the merger of the three financial institutions brought together under the MUFG umbrella and the challenge is not only cross-border, by bi-coastal. It seems that somehow the California-based Union Bank's senior management seems more in the lead, and most policies are oriented towards that Coast.

    Medical benefits are only fair, and bonuses apparently have dropped from previous years. Office locations are okay. There is a fancy office planned in NYC, but the Jersey City offices are cramped and overcrowded.

    Advice to Management

    Senior management would do well to listen to their key employees.


  3. Executive Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in Brooklyn, NY
    Former Employee - Executive Assistant in Brooklyn, NY

    I worked at Bank Of Tokyo-Mitsubishi UFJ (Less than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Cultural training is great for this bank

    Cons

    Not big to changes overall

    Advice to Management

    The small players matter too


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  5. Friendly People

    Former Employee - Senior Specialist in Chicago, IL
    Former Employee - Senior Specialist in Chicago, IL

    I worked at Bank Of Tokyo-Mitsubishi UFJ full-time (More than 3 years)

    Recommends
    Recommends

    Pros

    The staff at BTMU is unique for a US job because it is at least 50% Japanese, with many of those being ex-pats or recent immigrants. It is helpful to learn at least a little bit about the Japanese culture in order to relate to your coworkers. All the staff are very friendly, and I maintain communication with several of them still today.

    Cons

    Being a bank, policies are very important, and sometimes feel stifling. This isn't a bad thing, but something you may have to adjust to.
    Cubicles are very low-walled, keeping in line with an office layout more common to Japan.

    Advice to Management

    Allow more independence to your staff to make decisions and own their products and services.


  6. Interesting Environment

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

    I worked at Bank Of Tokyo-Mitsubishi UFJ full-time

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Lots of smart people. Interesting projects. Profitable in spite everything.

    Cons

    Confusing direction at times. Work life balance suffers at times.


  7. Helpful (1)

    Not a top tier bank

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

    I have been working at Bank Of Tokyo-Mitsubishi UFJ full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Work life balance, you don't get too stressed out, and American management is pretty nice.

    Cons

    You work for the Japanese. Good luck making any decisions on your own.

    Advice to Management

    Get rid of the Japanese spies in the planning department.


  8. Sox Intern Review

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

    I have been working at Bank Of Tokyo-Mitsubishi UFJ

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Really good company culture, friendly colleagues, and great experience. As a SOX Audit Intern, you learn audit, internal control, and how to interact with people from different departments.

    Cons

    There aren't really too many cons with regards to the work environment. The only negative aspect that might have been mentioned by other workers was that is was a "revolving door" company. Every week, somebody new joined and somebody else left.

    Advice to Management

    To take the time out to really review the work and help the intern understand conceptually what is going on.


  9. Great place to do nothing

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

    I have been working at Bank Of Tokyo-Mitsubishi UFJ full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Job offers challenges, and is relatively a stable place to work at. There are many people who work until retirement.

    Cons

    Management is highly politicized. Lots of fiefdoms and not much room for advancement. They are adverse to new ideas. Much of their staff is plain and lack any real hope of advancing on their own merit.

    Advice to Management

    Please retire and stop being a tick.


  10. Senior specialist

    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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Good pay. Nice benefits. Salary based on 35 hour work week.

    Cons

    Excessive workload. Long hours. Difficulty making changes to current processes.


  11. Helpful (3)

    Marginally better than being unemployed

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

    I have been working at Bank Of Tokyo-Mitsubishi UFJ

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

    Pros

    (+) Office is conveniently located in Midtown

    (+) Work/Life balance.
    Most jobs here are very low stress, low impact 9 to 5 gigs. Employees are entitled to leave 2 hours earlier than normal (e.g. 3:00 pm) on days that precede a bank holiday. (Note: this only applies to non-Japanese employees. Japanese expatriates, on the other hand, stay in the office until the wee hours of the night. Suffice it to say, face time is considered very important in Japanese corporate culture. Spending long hours in the office and demonstrating total dedication to the bank is more important than getting work done efficiently and having a life outside the office)

    (+) Benefits
    Full-time employees receive a traditional defined benefit pension plan (a cash pension which is a % of base salary, adjusted on factors such as years of service, etc.) IN ADDITION to a defined contribution plan (employer sponsored 401k plan with employer match)

    (+) High job security
    Generally speaking, unless one is egregiously incompetent, it is nearly impossible to get fired from here. There are plenty of people who work here who are, in fact, incompetent (but not egregiously so) and thus they are able to keep their jobs year after year.

    Cons

    (-) A culture of mediocrity
    What is perhaps most shocking to me is the mediocre talent level of employees who work at this bank. The average non-expatriate employee at MUFG Union Bank is a graduate of a "non-target" college/university. For those unfamiliar, the definition of "Non-target" refers to schools that banks such as JP Morgan and Citi DO NOT recruit at.

    The majority of non-expatriate employees are also mid-career hires (very few people join straight out of college/university, although this might be changing slightly due to the Corporate and Investment Banking internship program)

    Suffice it to say, if you are a current student or a graduate of an Ivy League caliber school, do not come here. You will be bored to tears and your brain will slowly rot away due to the lack of intellectual stimulation.

    (-) Non-existent training

    (-) Compensation is below average for a bank on Wall Street

    Advice to Management

    Management, in this case, refers to Tokyo, as all major decisions still come through the parent company in Tokyo. My one piece of advice to management in Tokyo is to give Steve Cummings, the new "CEO of the Americas," total autonomy and complete discretion to make major changes and ultimately allow this bank to break the cycle of mediocrity that it has been stuck in for the past two decades.



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