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MB Financial Reviews

Updated January 15, 2018
134 reviews

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3.0
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MB Financial President, CEO, and Director Mitchell Feiger
Mitchell Feiger
74 Ratings

134 Employee Reviews

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Pros
Cons
  • Pay was not up to scale and there was a lack of work-life balance (in 7 reviews)

  • Mounting pressure to make sales goals (in 6 reviews)

More Pros and Cons

  1. "Good Start"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Neutral Outlook
    No opinion of CEO

    I have been working at MB Financial full-time

    Pros

    Have some of the best co-workers I have ever worked with. Benefits are very nice.

    Cons

    Looks like growth is limited to who you know and sucking up. There seems to be alot of that in this company. Don't really see much of diversity in upper management or any leadership roles.


  2. "AML"

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

    I have been working at MB Financial full-time (Less than a year)

    Pros

    Fast growing, great industry, interesting work

    Cons

    Not given clear consistent direction

  3. Helpful (2)

    "Strong Culture and Weak Pay"

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

    I worked at MB Financial full-time (More than 5 years)

    Pros

    Casual work environment, Numerous company activities and community outreach opportunities, above-average benefit package.

    Cons

    Outdated technology, overly bureaucratic procedures, ineffective communication practices between font-line retail and back office support. Advancement based on working relationships rather than performance. Incentive earning potential has been vastly diminished over last year. Raises are poor but productivity and stock-price continue to be high.

    Advice to Management

    Temper sales expectations for bankers with the tools you provide them to achieve these goals. Make banker pay reflect bank performance. MB's stock has nearly doubled while bankers are getting 1.5% raises. MB's pay is already below the market for Chicago area bankers, it should take care to avoid further reduction of incentive opportunity.


  4. "Quicken Wannabe, fails in most aspects"

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

    I worked at MB Financial full-time (More than 3 years)

    Pros

    The expected stability and growth in aspects of the mortgage origination and mortgage servicing industry mean that despite being a pathetic company to work with, career growth is possible.

    Cons

    Lack talent management, departments are "click" driven. Honestly, I never thought it to be possible to work for a company where there was more drama than High School. However if you play the favorite game you will progress, even if unqualified. The mortgage division was built by a great management team, that team evaporated after the MB Financial acquisition. It is a shell of the exiting and satisfying place to work it once was.
    Unless one is happy to pitch years of their career into a black hole, avoid at all costs.

    Advice to Management

    Stay true to what you do best. Recognize and harness talent you have to avoid turnover of quality employees. Pay people what their worth, not how they politic.


  5. "Disorganized"

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

    I worked at MB Financial full-time

    Pros

    Lots of opportunity to impact change

    Cons

    Rather disorganized, lacks clear responsibilities between 3rd parties and employees - who owns what

    Advice to Management

    Senior Management needs to be clear as to their expectations, the road map for projects and change and who owns what so there are no misunderstandings.
    Also, the company has stated Core Values, yet I experienced some senior leaders who did not embrace or exhibit the Core Values. When you see or hear someone in senior leadership - ANY level of leadership - disrespect someone and you're told that this is just the way this person is and this persons behavior is accepted - there's a disconnect between what the company preaches and what they demonstrate. The actions don't support the words.


  6. "Great Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Specialist in Chicago, IL
    Former Employee - Relationship Specialist in Chicago, IL
    Recommends
    Approves of CEO

    I worked at MB Financial full-time (More than 3 years)

    Pros

    MB has a great culture and it is a good size company. I had very nice managers and coworkers. Very people oriented and great in house training. Great organization.

    Cons

    It still lacks in economy of scale. Employees and customer service have to make up for the lack of banking services and technology other banks offer. Still, MB is a great bank.

    Advice to Management

    Keep up the hard work!


  7. "Vice President"

    StarStarStarStarStar
    • Culture & Values
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Neutral Outlook

    I have been working at MB Financial full-time (More than 5 years)

    Pros

    Competitive benefits
    Company continues to grow and acquire

    Cons

    Lack of direction from senior management
    Outdated technology

  8. "Relationship Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Banker in Lemont, IL
    Current Employee - Relationship Banker in Lemont, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at MB Financial full-time (More than a year)

    Pros

    Great Benefits, Great growth opportunity, and you are valued as a individual.

    Cons

    Long hours, but that comes with full time banking hours.

    Advice to Management

    Work with your employee's and understand that they to have a life.


  9. "LDP"

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

    I have been working at MB Financial full-time

    Pros

    Management is supportive and tries their best.
    Credit training is thorough and the trainers make it as enjoyable as possible.
    Benefits are good and having other recent college grads as coworkers is nice.

    Cons

    Large expectations and tasked with a lot of administrative duties, like making copies multiple times a week and commuting to Rosemont to do so. Stop relying on LDPs to fill in gaps and do work that clearly belongs elsewhere.

    Advice to Management

    Allocate the job tasked to LDPs better.


  10. "Great benefits.. and that is it"

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

    I worked at MB Financial full-time

    Pros

    the benefits are good. Insurance, retirement, and bonuses.

    Cons

    The support I received from my manager and their manager.


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