M&T Bank

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261 Employee Reviews (View Most Recent)

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Lack of communication, conflicting messages and minimal growth opportunities

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Operations Manager  in  Baltimore, MD
Current Employee - Operations Manager in Baltimore, MD

Pros

employee bank account
good medical/health benefits
can purchase up to 5 days extra vacation/year

Cons

Expensive medical/health benefits
very little employee appreciation
no real growth uless you relocate to headqtrs in Buffalo

Advice to ManagementAdvice

Take Employee Engagement seriously!!!

Doesn't Recommend
Disapproves of CEO

Other reviews for M&T Bank

  1. 1 person found this helpful  

    Good Company to work for, exept pay and advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Teller Manager  in  Buffalo, NY
    Current Employee - Teller Manager in Buffalo, NY

    Pros

    They seem to care about their employees as well as the general outlook/ consequences for business decisions.
    The company likes to advocate that they promote from within.
    They are in actuality, superior to competitors, therefore selling their products/services is something to not feel guilty doing.

    Cons

    The general sense of promotion is not always done fairly. A current employee should be at least given an interview if meeting basic qualifications of a specific job they are applying to.
    Pay is less than competitors.
    Raises are ridiculous.
    Branch asst managers and managers can not fully support the rest of the staff because they are unfamiliar with teller systems.
    Lots of sales required for tellers.

    Advice to ManagementAdvice

    Increase pay for the tellers, who you continuously say "are the FACE OF THE BANK." Give more training to upper mgmt in branches. Maybe some communication and team playing training as well, since many asst mgrs or br mgrs feel as though they do not have to treat their employees with respect.

  2. 5 people found this helpful  

    Professional, if Antiquated Work Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Buffalo, NY
    Former Employee - Anonymous Employee in Buffalo, NY

    Pros

    The people I interacted with at M&T Bank where uniformly professional. I saw very few politics or game playing. Work-life balance is good--I didn't witness many occasions of people, even senior management, getting into the office before 8 AM or leaving after 5:30 PM. Base salaries seem to be generally good--much higher than my previous employer job-for-job. Professional advancement is adequate--there seem to be ample opportunities for someone to move up with the right combination of skill and ambition.

    Cons

    Professional development was below average. Managers are not compensated on how they develop the people below them. I encountered numerous managers who didn't even conduct one-on-ones with their subordinates (aside from annual reviews). Skip-levels are unheard of.

    While base salary was decent, the bonus structure was inadequate. For the position I was in, 20-60% of base is customary, but M&T was offering 2-4% annual merit bonus.

    The technology and systems at M&T are woefully outdated. They are probably 20 years behind the cutting edge financial institutions. This problem is emblematic of a general reluctance to undergo change. Pushing through any substantive change at M&T takes an act of Congress, so if you've got a lot of good ideas, prepare to be either stymied or have it take 4-5 times longer to implement your ideas than you expect.

    Not to be overly nitpicky, but no coffee in the break rooms? C'mon! It's such a cheap perq that makes such a big difference.

    Advice to ManagementAdvice

    Develop a plan to emphasize people development. Overhaul performance incentives and the bonus structure. Figure out a way to encourage change and growth without compromising the bank's famous return on shareholder equity.

    Approves of CEO
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