Pros
There are pockets of talent within the bank, work life balance is reasonable, and comp isn’t terrible (but not great).
If you are looking for a place to start your career because you didn’t get a job at a better bank take it, the experience at a junior level is good up until a point. If you are a senior associate or higher, look elsewhere if you want to have a more meaningful role in the market and work at the forefront of new products and trades.
Cons
Where to begin… MUFG is as political, inefficient, and slow moving as any bank out there. With the absence of a proper IB business, outside of Project Finance deal flow is dismal relative to peers. MUFG is constantly dipping its toes into businesses (late) in which it lacks competitive advantage and institutional knowledge. As a result MUFG sits at the bottom of most league tables with angry managing directors that cannot produce due to either lack of talent, approval timing, and political constraints.
Management in the US can push as hard for initiatives as they want, but the slow pace of approvals and Tokyo oversight will forever make MUFG just an ok bank to work for if you care about your P&L or getting deals done.