Wilmington Trust Reviews

Updated August 6, 2014
Updated August 6, 2014
32 Reviews

3.0
32 Reviews
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Wilmington Trust CEO and Director, Wilmington Trust Corporation and Wilmington Trust Company Donald E. Foley
Donald E. Foley
7 Ratings

Employee Reviews

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  1.  

    Still Employed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Advisor Intern  in  Wilmington, DE
    Current Employee - Wealth Advisor Intern in Wilmington, DE

    I have been working at Wilmington Trust full-time for less than a year

    Pros

    Gave me a great opportunity out of school

    Cons

    No cons at the moment

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Management doesn't understand the investment business

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

    I have been working at Wilmington Trust full-time

    Pros

    Reasonably decent compensation for a bank but well below true asset management shops

    Cons

    It's a bank so don't think that the bankers within the senior management ranks understand the investment business.
    Management is ineffective and unable/unwilling to make tough decisions to benefit the business.
    The investment side has been a disaster since the M&T/WT merger and continues to be so because the bank lacks anyone who actually has investment experience running it.
    Management is comfortable with the status quo, rather than trying to take the business to the next level.

    Advice to ManagementAdvice

    Your investment business is highly dependent upon talent - without it, you have nothing. Hire/give authority to senior people who understand the business, can actually add value, and then compensate them accordingly.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 2 people found this helpful  

    There's a good reason why I'm a "former" employee

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Private Client Associate  in  Wilmington, DE
    Former Employee - Private Client Associate in Wilmington, DE

    I worked at Wilmington Trust full-time for less than a year

    Pros

    They know Trust Administration since they have been in business for decades

    Cons

    Parking fees in the city are not affordable, crime rate in the City of Wilmington is TOO risky, company culture is too cliquish

    Advice to ManagementAdvice

    Provide employee parking, encourage team building, provide some proper training

    Doesn't Recommend
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  5.  

    Treasury Services

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Associate  in  Wilmington, DE
    Current Employee - Investment Associate in Wilmington, DE

    I have been working at Wilmington Trust full-time for more than a year

    Pros

    Its a job, great people to work with. a lot of flexibility

    Cons

    pretty much a foot in the door at an ok company, I would keep looking if your are tenured.

    Advice to ManagementAdvice

    provide more opportunities

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Not bad for Phoenix, not good anywhere else

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant  in  Phoenix, AZ
    Current Employee - Fund Accountant in Phoenix, AZ

    I have been working at Wilmington Trust full-time for more than a year

    Pros

    It's in Arizona where the weather is nice in the winter.
    Parking is free in the garage behind building.
    It's a job.

    Cons

    Lack of communication between management and employees.
    Low morale and inadequate training.
    Phoenix office is cheap: Difficult to get office supplies, employees expected in clean 2 refrigerators in break rooms every Friday, few group luncheons and no holiday parties.
    Manager was clueless and never made any attempt to learn from subordinates with more experience in the group. Still got promoted and moved to another group.

    Advice to ManagementAdvice

    A storm is brewing and there will be a mass exodus soon. Bad managers will be exposed for the frauds that they are.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    Terrible place if you're looking to grow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Fund Accountant  in  Phoenix, AZ
    Current Employee - Fund Accountant in Phoenix, AZ

    I have been working at Wilmington Trust full-time for more than a year

    Pros

    Hours aren't bad compared to most financial services companies

    Cons

    Raises are small to non-existent
    No room for growth
    Other employees not friendly
    Upper management disconnected and out of touch with workers. No idea how unhappy most employees are.

    Advice to ManagementAdvice

    Start paying people more or I would guess that sooner than later you will have a mass exodus of workers.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Great experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst  in  Phoenix, AZ
    Former Employee - Business Analyst in Phoenix, AZ

    I worked at Wilmington Trust as a contractor for less than a year

    Pros

    Good group of people to work with. The senior staff considers social and personal life as important as work life.

    Cons

    Very few con remarks. Only would recommend that when looking into what is happening with an employee, ask the employee directly instead of going on heresay.

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    Wow...

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

    I have been working at Wilmington Trust full-time for more than a year

    Pros

    Do not micro manage.
    Vision insurance is good.
    Flexible with work schedule.

    Cons

    Unorganized
    Put unqualified, untrained, inexperienced people into leadership/management positions.
    Management doesn't listen to employee concerns.
    Money is wasted in areas when it could be put to better use in other areas, such as technology.
    Never hear positive feedback or recognition.
    No communication with manager in regards to performance. Asked what I would be held accountable for on Performance Evaluation, was told they would get back to me, never heard anything.
    No room for growth.
    Departments do not work together. Everyone is out for themselves and not the team.
    Medical benefits are horrible.

    Advice to ManagementAdvice

    Listen to your employees and show that they are valued. Give recognition.

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

    OK - Worked for a tough boss

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Corp Trust Associate  in  Wilmington, DE
    Former Employee - Corp Trust Associate in Wilmington, DE

    I worked at Wilmington Trust full-time for less than a year

    Pros

    Steady work, nice peer group

    Cons

    Some rules don't apply to everyone.... Pay was ok however they missed paying me one of my bonuses

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11.  

    Was great for a time but got caught in lending bubble

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

    I worked at Wilmington Trust full-time

    Pros

    Dynamic environment, educated and interesting staff

    Cons

    Was sometimes difficult to integrate new thoughts and ideas

    Advice to ManagementAdvice

    Avoid rigid hierarchy in business lines and hire strategically from outside of the company, while still being dedicated to loyal, productive employees

    No opinion of CEO

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