Mother Ultimate Freaking God - Associate MUFG Employee Review

1.0
Oct 8, 2021
Recommend
CEO approval
Business Outlook

Pros

You learn what not to do because there will always be real life examples

Cons

I worked at MUFG across 2 branches on both the JCB and GCIB side. 1) After a year or so, I negotiated my promotion salary based on two points 1) my current actual earnings (as I had already been doing the work of the new title, and was being paid a lot of overtime) and 2) the market rate for the position, which is higher than my pay with OT. HR tells me they can't pay market rate because the profits are not comparable to other financial institutions. Yet when I was first hired and had the conversation with the exact same HR person, they named those exact same FIs as their market competitors. 2) I was fed a lot of guilt-trip about how they were promoting me after I only worked their for 1.5 years (even though I was doing the work of the new title for over six months) and they were promoting me over another person on the team at my previous level. A month later they also promoted them. Promotion cycles take at minimum 6 months. They already knew they were promoting them. 3) I interview for another position at GCIB, thinking it would be better. The position was for Associate, but they said they could not promote me from Analyst so soon as I was just promoted, but if I could prove myself a promotion next cycle was highly likely. 4) I was doing the exact same work as the previous associate, with even more additional duties due to restructure within the team. I was being paid 70k less total compensation (base + bonus). 5) I later found out someone else on the team who joined the team as analyst made 15k more in base than me. 6) When I was finally promoted to associate after fighting tooth and nail for 7 months, I was still being paid 40-50k less TC than the previous associate, and 30k less than the other person on my team. At this point I had another offer so I didn't bother negotiating. Do not work here if you expect fair market compensation for your efforts, want to advance in your career/learn new things, and/or if you are a nice, decent person. You either 1) become a hardened corporate drone, or 2) you are fully taken advantage of. Either way, you will become utterly miserable, and you won't realize how miserable you were until you finally leave the environment.

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Cons

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Pros

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Cons

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