MB Financial

  www.mbfinancial.com
  www.mbfinancial.com

MB Financial Reviews

Updated October 19, 2014
Updated October 19, 2014
46 Reviews
3.0
46 Reviews
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MB Financial President, CEO, and Director Mitchell Feiger
Mitchell Feiger
34 Ratings

Employee Reviews

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  1.  

    Good people, very conservative bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Analyst in Chicago, IL
    Former Employee - Credit Analyst in Chicago, IL

    I worked at MB Financial full-time (less than an year)

    Pros

    Employees are good people that care about more than just making money, Work/Life balance, Reputation, Community Impact, Volunteer Opportunities, Employee Benefits (loan forgiveness, tuition reimbursement)

    Cons

    Pay is low for a Chicago junior banker, Career Advancement, promotions, bank's approach to lending is too conservative (miss out on good opportunities because unwilling to think beyond simple ratios and numbers)

    Advice to ManagementAdvice

    Need to identify high performers early, and provide proper incentive and career advancement for them to stay

    Recommends
    Neutral Outlook
  2.  

    My internship experience was way better than expected, MB's culture was a big benefactor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Commercial Credit in Rosemont, IL
    Former Employee - Commercial Credit in Rosemont, IL

    I worked at MB Financial as an intern (less than an year)

    Pros

    Company Culture is very good. Everyone makes an effort to get to know you and help you out. I got to work with many different departments and many different individuals. My supervisors were very helpful and knowledgeable.

    Cons

    It would be beneficial to have more of a mentorship experience for the summer. More chances to get to know fellow interns would make the experience better.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker in Chicago, IL
    Current Employee - Personal Banker in Chicago, IL

    I have been working at MB Financial full-time

    Pros

    Great work life balance and culture.

    Cons

    Salary could be better. No negotiating pay.

    Recommends
    Approves of CEO
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  5.  

    Mismanaged and poor treatment of employees

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MB Financial

    Pros

    Some what routine working hours.

    Cons

    Employees are treated as resources rather than as people. There is very little effort to grow employees or build their strengths. Very conservative culture where feedback is not welcome. Many employees are very unhappy but do not have an outlet to address their concerns.

    Advice to ManagementAdvice

    Be more open to giving and receiving feedback. Employees are people and not numbers. Take a closer look at how managers' styles and ensure that employees are being treated fairly.

  6.  

    Hostite environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker in Chicago, IL
    Current Employee - Personal Banker in Chicago, IL

    I have been working at MB Financial full-time (less than an year)

    Pros

    Company is awesome and benefits are wonderful.

    Cons

    Worst managers and they push you to get accounts no matter how. I am a new employee and they treated me very bad. All the management team is connected inside. I was performing good when hired after my probation period they put me on probabtion one more time because they want me to get fired or look for new job. They need accounts all the time I think I made a worst choice by selecting to work with this bank. Overall this is not a good company when it come to retail side.

    Advice to ManagementAdvice

    Plz hire good managers and asst. managers who understand the staff.

    Disapproves of CEO
  7.  

    Cole Taylor merger disasterous

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at MB Financial full-time (more than 5 years)

    Pros

    Although pay is low, it was a nice place to work. Nice culture committee efforts, monday morning ceo call nice touch.

    Cons

    Wow. Bringing over all that is bad from Cole Taylor, Cole Taylor had all sorts of skeletons in their closet, about to become MB s problem. Many of the Cole Taylor management team taking over key roles and ruining key departments.

    Advice to ManagementAdvice

    If CT management team did a lousy job with Cole Taylor, why would you put them in charge? Mood has changed dramatically, lots of unhappy employees looking to leave.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    I was hired to start up a new division, which was a great challenge

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Chicago, IL
    Former Employee - Vice President in Chicago, IL

    I worked at MB Financial full-time (more than 5 years)

    Pros

    I had management support, visibility, support

    Cons

    Team didn't understand the new launch and would not change ideas

    Advice to ManagementAdvice

    As new products are launched, develop a team to work towards the end goal.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great company!

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MB Financial

    Pros

    Fun people, working hard, to build a better company

    Cons

    Banking is a tough industry

    Advice to ManagementAdvice

    Keep doing what you're doing.

  10.  

    Solid B+

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Rosemont, IL
    Current Employee - Vice President in Rosemont, IL

    I have been working at MB Financial full-time (more than 3 years)

    Pros

    Great benefits, good communication from CEO, supportive coworkers, great participation in the community, smart bankers

    Cons

    Inconsistent management across departments/groups, senior sales executives more concerned with internal meetings and reporting than meeting with customers, culture can be a little cliquey, lean systems and ineffective strategies for improving them, arrogant credit officers. Personal growth feels limited as direct management not interested in promoting their people or stretching to support deals.

    Advice to ManagementAdvice

    Keep up the communication, take reasonable risks for reasonable rewards, hold people accountable. Don't miss the forest for the trees. What may have worked in the 1990s doesn't work today. CEO needs people that can tell him the pros and cons of the company, especially if morale is low.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11.  

    Personal Banker - good entry level job for a recent college graduate

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker in Chicago, IL
    Former Employee - Personal Banker in Chicago, IL

    I worked at MB Financial full-time (less than an year)

    Pros

    Benefit is decent.
    Plenty of training and job growth opportunity.

    Cons

    Work-life balance is not so great for working mom, but if you are single, then it's ok.
    Base salary isn't so great, but it is bank after all.

    Recommends
    Neutral Outlook
    Approves of CEO

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