Pros
Generally good people working for the company. Overall you will find hardworking and honest people at Union Bank. Some room for career advancement if you have the right people rooting for you. Some real gems in the long time older employees. Other pros are steadily disappearing. Work life balance is generally good, there is strong pressure to perform at times but typically nothing backbreaking and nobody has died of overwork and stress that I know of. Benefits were pretty good before but are steadily being cut down, see below.
Cons
This bank used to have a pension. It's now gone. This bank used to have a better health care plan. That is now also gone. This bank used to have long tenured staff and people who knew their communities. Gone. This bank used to have a 401k match. It is also gone replaced by an annual match that you don't get unless you are working for the company on the last calendar day of the year. AOL tried this a while ago and had to withdraw due to public backlash. IBM does this but offers a higher employer match and access to an advisor. Benefits are steadily being cut, commission is half of what it used to be. This bank was known for paying higher base salary and lower commissions, so it would even out with other competitors. Now the commissions are lower, benefits are lower and staff is being aggressively cut to deal with the fact that branch banking does not have the foot traffic it once did. They say they are looking to be a top ten bank over and over again but have shown little progress in anything besides cutting costs. Investment in technology is not there and systems are very antiquated. Not sure when the top ten part begins but it hasn't started yet. It seems like it would be hard to attract top tier talent for a top ten financial institution with sub par technology, staff and benefits, but maybe there are more changes in the works.
