Mitsubishi UFJ Financial Group Reviews | Glassdoor

Mitsubishi UFJ Financial Group Reviews

Updated February 13, 2017
36 reviews

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3.0
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Katsunori Nagayasu
3 Ratings

36 Employee Reviews

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Pros
  • Good work life balance compared to other investment banks (in 19 reviews)

  • Bright workforce, customer focused, good benefits (in 7 reviews)

Cons
  • Terrible merger with Union Bank, a lot of good things from MUFG went away for employees (in 7 reviews)

  • Gets quite messy at the senior levels with a lot of politics (in 3 reviews)

More Pros and Cons

  1. "Investment Banking Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Los Angeles, CA
    Current Employee - Analyst in Los Angeles, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Mitsubishi UFJ Financial Group full-time

    Pros

    Work-life balance, great team atmosphere

    Cons

    Inefficient corporate structure and policies

    Advice to Management

    Streamline business processes for efficient execution


  2. Helpful (2)

    "A once great place to work.."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quantitative Analyst in New York, NY
    Former Employee - Quantitative Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Mitsubishi UFJ Financial Group full-time (More than 10 years)

    Pros

    The bank used to be a great place to work.  There were a lot of heavyweights in/around the bank, who were more than willing to engage with you, work together, share knowledge, etc..  There was a sense of "achievement by doing", not "achievement by meeting attendance" nor even "achievement by rolodex."

    Cons

    Post credit-crisis, the bank started absorbing a lot of the dead-weight that was cut from other institutions.  These individuals came onsite, having been cut at earlier positions, with a very political-approach.  The mgmt level new-hires helped to alter the whole bank's atmosphere.  Towards the end of my tenure, I couldn't stand the thought of dealing with mgmt., at any level.  And by mgmt, I'm referring to anybody who couldn't PROPERLY PERFORM AND/OR AT LEAST DESCRIBE the job of his/her subordinate(s) on any given day.  The bank is now crawling with this type, and it's unfortunate.
    And all of this boils down to an unsatisfactory work env, coupled with a lack of a sense of achievement in anything.. due to the fact that your mgmt doesn't understand your job, doesn't intend to understand the bank's functionalities, and this very disconnect doesn't help your year-end review.  The reason that this somewhat disconnected mgmt level flourishes within this bank is because other pre-existing mgmt figures have hired them.  They need to ensure that this newly hired mgmt layer flourishes, and def not fail.  And therein lies the crucial problem.

    Advice to Management

    The bank should go back to basics.  If anybody wants to work on a trading floor, they need to at least be able to point at a cashflow, if not revalue a plain vanilla deal using a pen and a piece of paper.  If anybody wants to work in the bank, they must at least be able to explain how a bank makes money. 
    Does this read as being odd for a bank?  It shouldn't.  But this is their current environment, after stepping away from about 2 decades of fairly satisfactory employment.


  3. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Mitsubishi UFJ Financial Group (Less than a year)

    Pros

    Good work life balance and friendly culture

    Cons

    Less opportunities for juniors to learn


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst
    Current Employee - Analyst
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    There are some diamonds in the rough

    Cons

    Its hard to get ahead if youre not japanese or playing politics

    Advice to Management

    be more transparent


  6. Helpful (1)

    "Credit analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Mitsubishi UFJ Financial Group full-time (More than 3 years)

    Pros

    Decent hours with good flexibility for work/life balance.

    Cons

    Training program lacks structure and proper teacher.


  7. "Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Finance in New York, NY
    Current Employee - Vice President Finance in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Nice people to work with and interesting projects.

    Cons

    Lots of change happening right now.

    Advice to Management

    Take care of your people.


  8. Helpful (6)

    "Organization in Transformation"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in San Francisco, CA
    Former Employee - Director in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Mitsubishi UFJ Financial Group full-time (More than 5 years)

    Pros

    Talented, creative team members in bank - both mid level leaders and individual contributors. Ability to grow into new roles. Good compensation with performance - both salary and incentive. Historically invested in training (but much of training staff has now been let go).

    Cons

    Extreme cost cutting and frequent reorganizations causing disruption for employees as well as clients. Staggered layoffs continue at all levels after starting several years ago. Some are related to deeper integration of Union Bank subsidiary into MUFG Americas, but many are simply cost-cutting. Lack of employee recognition program.

    Advice to Management

    Bank needs a vision, an identity. Why MUFG? Customers need to know and employees need to believe in a mission.


  9. Helpful (4)

    "Tenured = Not a good thing"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    I worked with a lot of amazing tenured employees and learned so much while I was there. Management invested in their employees and really cared about developing existing talent.

    Cons

    New Management came in and targeted tenured employees. Terminating entire departments, mine included. Cost savings, blah, blah, blah...


  10. "Company Review"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Mitsubishi UFJ Financial Group full-time (More than 5 years)

    Pros

    Good work life balance
    Laid back environment

    Cons

    Very political culture for staff


  11. Helpful (2)

    "Confused Management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Mitsubishi UFJ Financial Group full-time

    Pros

    Fairly relaxed atmosphere, excellent benefits, very fair salaries.

    Cons

    Your most important boss may very likely be in a different continent.... Many really have no idea of individual contributions, good or bad

    Advice to Management

    Eliminate the numerous global thiefdoms



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