First Busey

  www.busey.com
  www.busey.com
There are newer employer reviews for First Busey

1 person found this helpful  

Growing too quickly for morale to keep up

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Teller in Champaign, IL
Former Employee - Teller in Champaign, IL

I worked at First Busey

Pros

Because it is a fairly large bank, compared to most community banks, Busey can afford to compensate its employees better than many small banks. There are also very good benefits, from relatively inexpensive health and dental insurance, to an amazing 401K with 5% match, profit sharing, and stock sharing. Busey also has friendly, helpful senior leadership that make themselves available to all employees, from the managers to the tellers. They hire internally first, so if you want to move up in the company, you only have to be at your current job 6 months to be eligible for another job, and you'll often get it before someone not with the company.

Cons

One of the downsides to hiring internally is that people who are less qualified are often given jobs over non-Busey outsiders. This results in a lot of training, and times where people that are above you, and thus supposed to be guiding you, have no clue what they are doing. Busey also merged recently with Main Street Bank, and the company morale took a nosedive. Many people got fired to put someone with less or equivilent experience in their job, because the company could pay those people less money. Many, many people, including some who have been with the company for 40+ years were either forced into "retirement" or quit to go find jobs where they were treated better. As some people leave, new people are not hired, forcing current employees to take over their tasks with no increase in pay. Policies change daily, without much notice to employees, until they get in trouble for not doing their job correctly. Managers can be inflexible, including telling students to work their schedules around when they're needed to work at the bank. Busey has also, though paying fairly well, failed to keep up with the rising minimum wage in Illinois, so entry level personnel are compensated less than they should be.

Advice to ManagementAdvice

Raise salaries to go with the rise in minimum wage, recognize that part time employees are students first and employees second, and communicate more with everyone.

Doesn't Recommend
No opinion of CEO

16 Other Employee Reviews for First Busey (View Most Recent)

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  1.  

    Analyst

    • Comp & Benefits
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at First Busey full-time

    Pros

    Great culture love the people

    Cons

    Limited advancement, great pace to start a career

  2.  

    Good way to boost resume and gain transferable skills

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Intern
    Current Employee - Intern

    I have been working at First Busey

    Pros

    -Talented people in the investment arena
    -Learn a lot of transferable business skills
    -Resume builder
    -Can lead to full-time offer
    -Good networking opportunities

    Cons

    -Pay is lower
    -Sometimes work is not challenging (menial tasks)
    -Work to do during the day is sometimes limited
    -Employee time efficiency could be better

    Advice to ManagementAdvice

    Allow interns and students to work in various departments of Busey (rotational program?). This includes loans, investments, and retail. It would help them see what their interests are if they intend on continuing a career with banking.

    Approves of CEO
There are newer employer reviews for First Busey

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