Wintrust Financial Reviews

Current Employee – been working at Wintrust Financial for more than a year

Pros – Learn a lot and great training program.

Cons – Underpaid considering the hours I work.

Advice to Senior Management – Analysts should be compensated better.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Wintrust Financial full-time for more than a year

Pros – Excellent people and training. The Company is growing quickly and there is ample opportunities to learn.

Cons – Salary below market. Disconnect with senior management.

Advice to Senior Management – Provide internal raises and better evaluations, especially to those with less experience and fewer years in the industry. An excellent credit training program, but since you're educating general human capital, must ensure employees are properly compensated. Otherwise they will have an incentive to move taking the education you gave them.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Wintrust Financial

Pros – Wintrust professionals are up to bar among their peers and always look out for the customer, sometimes even more than the company.

Cons – Lack of growth opportunities; poor communication; very traditional.

Advice to Senior Management – Young professionals need more incentive to stay at the company.

Current Employee – been working at Wintrust Financial

Pros – Great opportunities for advancement. Highly regarded company within their market. Cash rich which allows one to cater to customers better than they would be able to otherwise. Very flexible with your vacation schedules and family time. Pay is within the normal range.

Cons – The company is very top heavy with a lot of SVP and higher employees and much fewer worker bees causing everyone to be hectic at all times. The company is very inefficient with its fifteen charters and I have yet to see a benefit to all the small banks. Their continued purchases of failed banks and cutting 80% + of their employees has caused many departments to be overworked and slow.

Advice to Senior Management – Collapse some of the charters to improve efficiency. Slow down and ensure that every department has sufficient support staff and competent management to accomplish goals.

Former Employee – worked at Wintrust Financial

Pros – good benefits, including 401k plan

Cons – disregard for those outside of management

Advice to Senior Management – talk to your employees.

No, I would not recommend this company to a friend

Current Employee – been working at Wintrust Financial

Pros – Wintrust 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.

Cons – The 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 Management – Holding 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

Current Employee – been working at Wintrust Financial

Pros – Community driven and concious with lots of opportunity to advance and educate yourself and peers. Open work environment with management available to bounce ideas off of and offer advice.

Cons – Less competitive salary structure with no stock option opportunities for incentive.

Advice to Senior Management – Provide opportunities for employees to receive options as an incentive/bonus and other stock rewards besides an employee stock purchasing plan.

Yes, I would recommend this company to a friend