M&T Bank

  www.mtb.com
  www.mtb.com
There are newer employer reviews for M&T Bank

1 person found this helpful  

Headquarters does not have many people from the outside.

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

I have been working at M&T Bank

Pros

Accessibility of senior management. Conservative stable bank.

Cons

Older systems, inefficient business processes, slow to change.

Advice to ManagementAdvice

Encourage "customer service" mentality both toward external and internal customers. Conduct performance management; there are a lot of people who are in their jobs just because they've been there for 20 years. Encourage efficiency and reward employees for improving efficiencies.

Approves of CEO

291 Other Employee Reviews for M&T Bank (View Most Recent)

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  1. 6 people found this helpful  

    Great place to work, but be aware of the raise system...

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

    I worked at M&T Bank

    Pros

    - It's a great opportunity to get experience with a large company
    - Pretty tough to get fired, from what I saw. Solid job security comes with a conservative company.
    - Workload for my particular group was very manageable. Rarely worked over 40 hours.
    - Vacation time was solid. Three weeks, bumped up to four weeks when I received an officer promotion (these aren't very difficult to achieve in a professional position - go for it after two years)
    - Flexible work situations are available. It was very common to be able to work from home occasionally. This varies with whom you work with.

    Cons

    - The conservative nature of the bank means that the work can be dull at times, especially if your work is project-based.
    - Raise / promotion system is frustrating - here's why. The salary that you start at is essentially where you're going to stay. 3% raises are the norm if you get very good reviews - a 5% raise is almost unheard of. Promotions typically do NOT yield a raise. The bank defines, for every job grade, a minimum and maximum salary. If, when you are promoted, your salary falls below the minimum salary for your new job grade, your salary will be raised to that rate. If your salary falls within the range of your new job grade, you won't receive a raise. This is completely fair until you see how wide these ranges are. A position with a median income of 50k can have a range between 35k and 70k, for example. What this essentially means is that regardless of your performance or your promotions, your salary track is essentially limited to 3% on a yearly basis. This doesn't present an issue if you come into the bank at a rate you would be happy with in the long term, but if your expectations are to start off at a low rate / position, prove your position, and then reap the rewards, the system in place isn't conducive with this. Because of the scenario, at least in my department, a higher rate of turnover of younger people who started with the bank and gained experience but continued to be paid entry-level rates was easily observable.

    Advice to ManagementAdvice

    Consider changing the raise / promotion system so that each and every year, performance is matched appropriately with salaries paid. It's a major and unfortunate issue at an otherwise wonderful place to work.

    No opinion of CEO
  2.  

    MTB is a great company to work at

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

    I have been working at M&T Bank

    Pros

    Decent pay and benefits for the Western NY area. They respect the employees and try really hard not to overstaff, which could cause layoffs during downturns. Very competent management team throughout. If you make it into management here, you have to be good at what you do.

    Cons

    Budget and forecasting for projects needs serious work, it's a convoluted process that forces people to estimate projects with very little requirements. As a result, the estimates are often very far off and then people get slammed because of it. Health care coverage is not that good, but don't know how it compares to other banks in the area.

    Advice to ManagementAdvice

    Continue conservative approach and be cautious about pulling back on employee benefits, otherwise you risk losing your best people. Retaining good talent will be challenge going forward, not just for M&T, but for all companies.

    Recommends
    Approves of CEO
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