First Midwest Bank Reviews | Glassdoor

First Midwest Bank Reviews

Updated December 26, 2018
138 reviews

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3.4
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First Midwest Bank President, CEO, and Director Michael L. Scudder
Michael L. Scudder
63 Ratings

Employee Reviews

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Pros
Cons
  • "This positions salary was nonnegotiable however if sales goals are met the pay out is about 400 dollars a quarter" (in 7 reviews)

  • "There is a lack of communication from upper management" (in 5 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (3)

    "For Career Mobility - The place to be!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Midwest Bank full-time (More than 5 years)

    Pros

    Growth trajectory very strong. Bank had doubled size in 5 years, which has created great opportunities for employees to grow and get promoted into . Increasing investments in people and opportunities.

    Cons

    Because of the rapid pace of growth, it can be too dynamic an environment for some.

    Advice to Management

    Continue to stay focused our your people. It ultimately is what differentiates you from your competitors.


  2. "Consumer Banking Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consumer Banking Representative
    Current Employee - Consumer Banking Representative
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at First Midwest Bank full-time (More than 8 years)

    Pros

    Values Clientele and Employee's. Holds customer service to the highest of standards. Great benefits, Great pay, Great Company to work for.

    Cons

    Getting to be to "Sales" orientated.

  3. "Teller II"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends

    I have been working at First Midwest Bank full-time

    Pros

    Great coworkers, and scheduling

    Cons

    Old software and high sales expectations


  4. "Good Part-Time position"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First Midwest Bank part-time

    Pros

    Friendly coworkers, good part time pay especially for students

    Cons

    Working early morning weekends


  5. "Waiting to be sold"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Will BE Sold Soon
    Current Employee - Will BE Sold Soon
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at First Midwest Bank full-time

    Pros

    Colleagues and clients you work with. Great vacation package.

    Cons

    Agree with other reviews regarding software outdated, very high sales expectations which is leading to dishonest practices , retail branches are consistently under staffed, the bank keeps acquiring new banks and doesn't increase headcount in support areas, no one can make a decision, culture fosters bullying and favoritism as they do what they want for people they like.

    Advice to Management

    Executives and Sr. Management needs to be more transparent with their communications to the colleagues. The rumors are that the bank is gearing up its M&A efforts just to sell in the next couple of years which means we will all be out of jobs. That so sad considering many colleagues already lost their jobs this year due to Delivering Excellence. Spend more time on being more transparent, recognizing the colleagues, building future leaders, improving the culture vs. buying new banks.


  6. "Teller II"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Teller II in Gurnee, IL
    Former Employee - Teller II in Gurnee, IL
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at First Midwest Bank part-time (More than a year)

    Pros

    Pay is decent if you are a student in college
    They are pretty flexible with your hours if student
    Branch managers and Supervisors are helpful

    Cons

    Short staffed majority of the time
    Workers complain alot about being over worked
    Life/work balance is terrible
    Pushy on Retail sales goals

    Advice to Management

    Work on the work/life balance of the employee. Show more recognition for hard hard people do for your branches


  7. Helpful (2)

    "Poorly Managed"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Development in Villa Park, IL
    Former Employee - Business Development in Villa Park, IL
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at First Midwest Bank full-time (More than 5 years)

    Pros

    Great co-workers, company gives back to community

    Cons

    antiquated systems and culture, positive change takes forever and no one has authority to make decisioins

  8. Helpful (1)

    "Senior Creative Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at First Midwest Bank full-time

    Pros

    Lots of flexibility in project management.

    Cons

    Many people do not have much to do.

    Advice to Management

    Evaluate your talent, and their files before making any decisions.


  9. "Great people, opportunities to move around and move up"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller in Chicago, IL
    Current Employee - Teller in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at First Midwest Bank full-time (More than a year)

    Pros

    Benefits and quarterly incentives are good

    Cons

    Pay is average. Easy to get stuck


  10. Helpful (1)

    "Dishonest Compensation Structure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at First Midwest Bank full-time

    Pros

    Work / Life balance - There is little work to do, so plenty of balance.

    Cons

    At more senior levels, compensation includes Long Term Incentive Compensation in the form of restricted stock. If/when your position is eliminated, your restricted stock which was awarded for your individual past strong performance, your restricted stock is forfeited back to the company. So don't believe your offer letter if it includes LTIC - the company will just eliminate the position before having to pay any.

    Advice to Management

    These dishonest practices are not the best way to attract talent from top competitors.