Union Bank reviews

3.9

66% would recommend to a friend

(1,464 total reviews)
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Greg Seibly

82% approve of CEO

47% positive business outlook

Union Bank has an employee rating of 3.9 out of 5 stars, based on 1,464 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Union Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

1K reviews
1.0
Jun 10, 2016
Recommend
CEO approval
Business Outlook

Pros

The dedicated staff who have been with the bank more than five years prior to 2016 have a great work ethic and work as a great collegial team. Pay is generally decent.

Cons

Executive leadership brought in over the past four to five years seems to be ineffective, at best, and unintentionally destructive, at worst. Many leaders have come into the organization without the skills to effectively lead change. Benefits are being slashed in ridiculous ways, embedded subject matter experts are being pushed out creating increased risks and demands on those who remain, and compensation perks are being eliminated. Middle and Senior Management ranks have exploded in size over the past four years as new senior managers and executives hire friends while forcing the lower-level management and staff to be reduced through attrition. The ratio of managers to staff, especially in the IT population, is seriously out of balance with a very top-heavy management structure. Finally, opportunities for career advancement are almost non-existent. Promotional title changes do sometimes occur but without actual accompanying growth in, what appears to be, most cases.

1.0
Mar 12, 2016
Recommend
CEO approval
Business Outlook

Pros

• Chances of the bank going out of business is very small given the Tokyo BTMU backing • Generous severance package which makes people hoping to be lucky enough to get laid off

Cons

1) horrible culture overall, the organization refuses to change at its core. Numerous "reorgs/savings initiatives" that do not cut any dead weight in the end, but instead just shuffle resources around which somehow is still being counted as synergies achieved. 2) unqualified MUFG CFO who has no vision/ability to actually make the bank more competitive through process improvement. The CFO surrounds himself with "Yes" men who will not challenge him and help him manipulate results to make Tokyo happy 3) Regional Bank CFO staffs his organization with his friends. He has promoted a disproportionate amount of managing directors / directors who are under 35, 80% of these promotions are unwarranted, but he had to take care of his friends and alumni 4) MUFG is trying to squeeze out expenses by no longer reimbursing for parking; delaying 401K match until year end; reducing expected merit increase from 3% to 2.5%

2.0
Oct 24, 2015
Recommend
CEO approval
Business Outlook

Pros

I truly wish I could say something positive.

Cons

Even located in SF this bank has very little awareness of its environment, women are referred to as "girls" even "my girl" by some of the senior male managers at this bank - yikes. High turn-over, low moral, never ending re-org - I know of at least 3-4 re-orgs in less than a year! Good luck on getting anything done - everyone passes the buck, candor is hugely lacking, you will die waiting to have a useful 1:1 with management. I wonder what they are afraid of? In many respects - technology, culture, sensitivity to a diverse society - they are a throw-back to the dark ages. If you are a young professional joining the bank - find another job and run away as fast as you can.

Viewing 7 - 9 of 1,464 Reviews

Glassdoor has 1,591 Union Bank reviews submitted anonymously by Union Bank employees. Read employee reviews and ratings on Glassdoor to decide if Union Bank is right for you.