Union Bank reviews

3.9

66% would recommend to a friend

(304 total reviews)
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Greg Seibly

82% approve of CEO

47% positive business outlook

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304 reviews

Reviews about "Compensation"

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1.0
Sep 7, 2014
Recommend
CEO approval
Business Outlook

Pros

The only good thing about this bank is the location. It is in the financial district and close to public transportation. However the office decor is quite dated and old.

Cons

Gender discrimination and salary gaps between women and men are atrocious! The salary / bonus discrimination is quite large and most of the men are members of a good old boys' network. Most of them are inferior and just collect their big paychecks--not much in the way of contribution.

4.0
Aug 26, 2014
Recommend
CEO approval
Business Outlook

Pros

Great company to work for if you looking for career growth and lots of change. Depending on your position and manager, you may have flexible work options including telecommuting. The bank has a strong leadership team and they communicate regularly to all employees on company-wide conference calls. There is 401(k) matching, educational reimbursements, participation in WageWorks, and the cost of the medical benefits feels to be on par with other banks. There is a good internal career site that is updated frequently and a published list of bankwide guidelines that help create a common basis for performance reviews.

Cons

Although there is currently many career growth opportunities within the company, company policy limits how much your salary can increase per pay grade preventing internal candidates to fully realize the market rates for their skill sets. This creates frictional unemployment and causes an outflow of talented people. Also, 401(k) matching could greater to be on par with other financial institutions.

4.0
Aug 25, 2014

Senior Relationship Banker

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good benefits, decent pay, friendly co-workers, loyal-based clients and plenty of recognition if you surpass sales goals. Sales goals are attainable, but you need to work hard, it isn't an easy job.

Cons

Poor career path development, technology is old and there are so many systems that you forget which you need to use, incentive plan changes more than once per year, bankers are pulled into so many directions and are expected to know about many different products in detail. Business partners are not very good and they encourage hiring externals rather than promoting within.

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