Wintrust Financial
3.2 of 5 19 reviews
www.wintrust.com Lake Forest, IL 1000 to 5000 Employees

Wintrust Financial Reviews

Updated Jun 24, 2014
Wintrust Financial – Wheaton – “Wheaton Bank & Trust”

All Employees Current Employees Only

3.2 19 reviews

                             

87% Approve of the CEO

Wintrust Financial President, CEO, and Director; Chairman, Wayne Hummer Investments, Wayne Hummer Trust, Wayne Hummer Asset Management, and First Insurance Funding Edward J. Wehmer

Edward J. Wehmer

(15 ratings)

65% of employees recommend this company to a friend
6 Employee Reviews Back to all reviews
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    My Review

    Anonymous Employee (Current Employee)

    ProsWintrust is a nice place to work except for the department I am in

    ConsTo draconian in my department. Management is old fashion and out of touch

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    Not my worse employer but definitely not among the best.

    Anonymous Employee (Former Employee)

    ProsEmployment opportunity....there were not many positive to this job.

    ConsUntrustworthy management, lack of integrity...

    No, I would not recommend this company to a friend

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    • Culture & Values
           
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    Definitely lagging behind other banks in the area

    Intern (Former Employee)

    ProsLaidback work environment, low stress.

    ConsPoor pay, no work ethic in department or team collaboration.

    Advice to Senior ManagementPay attention and trust young workers with more challenging projects as opposed to menial tasks. Otherwise why bother paying them?

    No, I would not recommend this company to a friend

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

     

    Good company overall - Good benefits

    Financial Analyst (Current Employee)
    Rosemont, IL

    ProsGood benefits. Have on-site gym equipped with fitness classes for all employees free of charge. Two week vacation and unlimited sick days. Provides 401k match, medical (BCBS IL), dental and vision insurance. Discounts for AT&T, Jos A. Banks, etc.

    ConsCommunication within departments is limited. A lot of micro managing. In order to fit in you must have a traditional mindset. Not very open to new ideas. Very cut throat environment. Not a team environment.

    Advice to Senior ManagementNeed to offer work/life balance. Offer remote access to all employees to allow all departments to remain functional and allow for work/life balance.

    Yes, I would recommend this company to a friend

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    growing quickly with no regards on how it affects those employed here

    Anonymous Employee (Former Employee)
    Libertyville, IL

    Prosgood benefits, including 401k plan

    Consdisregard for those outside of management

    Advice to Senior Managementtalk to your employees.

    No, I would not recommend this company to a friend

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    The bank stock and profitability continue to decline, is the only solution to continue to grow through bank acquisition?

    Senior Vice President (Current Employee)
    Saint Charles, IL

    ProsWintrust financial allows each bank president to tailor the loan and deposit products to meet the needs of the community it serves. Some of the banks have a strong following in the community and devoted employees to ensure the highest level of customer satisfaction. The bank president has the authority to run the charter as his/her own business which allows for an entreprenureal spirt only found in a start up bank. The employee benefits package is very generous and competes strongly with employers of similar industries. The bank is large enough (when one considers all charters as one) to compete with the larger banks in the area; this eliminates many of the objections when working with customers who are concerned about moving to a community bank.

    ConsThe communication and sharing of information between the banks is extreamly limited. The leadership from the holding company does not trickle down to the bank level. Accountability for the banks performance is only judged on a profitability basis and does not incorporate employee turnover or customer satisfaction. It does not appear bank presidents of less profitable charters are held accountable for thier performance and poor performance is allowed to continue year over year. Senior management is a good old boys club made up from the original people who started the bank, no room for new ideas or opinions in this environment. The lack of diversity within the organization is concerning and does not promote opportunities for women or people of color.

    Advice to Senior ManagementHolding company officials need to be more involved at the bank level to ensure that the bank president is providing the leadership and communication to carry out the organizations goals and inititatives. Improvment in information sharing and communication between the banks would reduce lost productivity. Having an operations staff at each charter is a large duplication of job function with little financial return for the redundancy which is also complicated by the vast diferences in knowledge and expierience of similar positions at each bank charter. Leadership training for all senior managment and some type of oversight would better improve the level of bank presidents at each location.

    No, I would not recommend this company to a friend

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Glassdoor is your free inside look at Wintrust Financial reviews and ratings — including employee satisfaction and approval rating for Wintrust Financial CEO Edward J. Wehmer. All 6 reviews posted anonymously by Wintrust Financial employees.