MB Financial

www.mbfinancial.com

MB Financial Reviews

Updated January 25, 2015
Updated January 25, 2015
50 Reviews
3.0
50 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
MB Financial President, CEO, and Director Mitchell Feiger
Mitchell Feiger
34 Ratings

Review Highlights

Pros
  • great benefits, above and beyond most employers (in 6 reviews)

  • Great work life balance and culture (in 3 reviews)


Cons
  • All the management team is connected inside (in 4 reviews)

  • Computer systems are way behind the norm (circa 1985 (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    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
  2.  

    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.

  3.  

    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
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  5.  

    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 a 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
  6.  

    NIce Employer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at MB Financial full-time

    Pros

    great benefits, above and beyond most employers. Centrally located and many different locations to work at

    Cons

    Compensation was on the low end of other companies. Middle management hesitant to make crucial changes

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Friendly environment with accessible senior management

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

    I have been working at MB Financial as an intern (less than a year)

    Pros

    accessible, intelligent senior management willing to teach those who are willing to learn. If you take initiative it will be a great learning experience.

    Cons

    Not many cons to discuss. You must live in the suburbs of Chicago to work for this company because it is only a regional bank, but has a strong reputation.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 2 people found this helpful  

    I have seen a lot of things done at MB to meet the goals and I wouldn't consider those things ethical.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker
    Former Employee - Personal Banker

    I worked at MB Financial full-time (more than a year)

    Pros

    Great corporate culture. Tons of benefits. Communication from top to bottom: top management shares future plans with employees. Great environment at the corporate offices in Rosemont, great training.

    Cons

    Communication from bottom to top - none. Relatively small company, everybody knows each-other, gossip about each-other. Goals do not reflect reality. Huge push on sales taking from customer service. Management that has no managerial skills.

    Advice to ManagementAdvice

    Rotation of Branch managers.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Hostile environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative in Lincolnwood, IL
    Former Employee - Customer Service Representative in Lincolnwood, IL

    I worked at MB Financial part-time (more than a year)

    Pros

    Its home grown. Everyone is acquitted with each other.

    Cons

    heavy work load. Poor Pay. Upper management pushed for sales.

    Advice to ManagementAdvice

    Hire more employees for peak hours. Invest more time and money in your employees.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  10.  

    Great Chicago area bank to work for

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

    I worked at MB Financial full-time (more than a year)

    Pros

    The bank regularly holds employee appreciation events. Examples include Halloween decorating parties, floor-sponsored parties that include games geared to meeting each other, and company-paid lunches on a regular basis. Benefits are good, and upper management appears to be caring and approachable. Severance during a lay-off was good compared to other companies.

    Cons

    Pay is not overly competitive (raises were quite small). Bank is somewhat conservative and employee pay can suffer as a result. There is not much bad to say - this is basically a good, conservative employer.

    Advice to ManagementAdvice

    Take a longer view of the market when making employment cuts

    Recommends
    Neutral Outlook
  11.  

    Really good company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MB Financial full-time

    Pros

    Really good benefits. Top 100 companies to work.

    Cons

    Everything is good small company to work for and easy growth opportunity.

    Recommends
    Positive Outlook
    Approves of CEO

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