MB Financial - Great place to gain experience | Glassdoor
There are newer employer reviews for MB Financial
There are newer employer reviews for MB Financial

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"Great place to gain experience"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Chicago, IL
Current Employee - Anonymous Employee in Chicago, IL
Approves of CEO

Pros

Great culture. Friendly and helpful co-workers. Great to starting point in any area of Banking. Management is open to new ideas. And you can pick any project and you will own it. Nice benefits. Aggressive college campus recruiting for Leadership Program (LDP).

Cons

As i mentioned most employees are hired out of college so the starting salary is pretty low. But the growth of your salary is even lower (mostly 2%-3%) with very low bonus amounts. Therefore there is a lot of turn around in staff. Most younger recruits leave the bank within 3 years. Salary levels on the mid-level employees is about 30% less than the market.

Advice to Management

The cost of rehiring and retraining new employees is a lot more than increasing the salary of key employees by 10%-15%. We have lost many great employees to other companies because we didn't want to promote them or increase their salaries. Really it is our loss.

Other Employee Reviews for MB Financial

  1. "Good"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Approves of CEO

    Pros

    Good company to start career.

    Cons

    It's regional bank. But since it is still growing, it has good future.


  2. Helpful (1)

    "Nice benefits, not enough room to grow long term"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Officer in Rosemont, IL
    Current Employee - Officer in Rosemont, IL
    Approves of CEO

    Pros

    Benefits are good
    People are great
    Culture is strong

    Cons

    Pay is too low compared to competition
    Promotion prospects are not great

    Advice to Management

    Hire from within

There are newer employer reviews for MB Financial
There are newer employer reviews for MB Financial

See Most Recent

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