MB Financial Reviews | Glassdoor

MB Financial Reviews

Updated September 4, 2017
123 reviews

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123 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. "Adivsory Analyst"

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

    I have been working at MB Financial full-time

    Pros

    Great People, great location, some ok management

    Cons

    Poor Management and internal career movement- no interest in reatining good employees


  2. "Customer Service Representative"

    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

    Location, atmosphere, and benefits were a plus

    Cons

    Not many locations, very small clientele, low pay

  3. "Technology & process need updating"

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

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

    Pros

    There is a friendly work environment and great benefits. Everyone works well together and supports each other. No additional pros to list.

    Cons

    It's very difficult to be productive with technology which is outdated and runs slow. Limited marketing support. Operations staff does not interact with sales and little gets accomplished. Limited training


  4. "Personal Banker"

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

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

    Pros

    Good community bank. Growing bank with a good perspectives.Nice coworkers.

    Cons

    They often promote people who are not honest, but manipulative.

    Advice to Management

    The CEO is a fantastic leader, and the upper management is of very high quality. Some managers on a branch level are disappointing and treat employees as slaves.


  5. "Not a commercial LDP, don't bother"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MB Financial full-time

    Pros

    People, cafeteria, decent company culture

    Cons

    Little chance for advancement unless you're a commercial LDP


  6. "Ok Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mortgage Business Controls in Ann Arbor, MI
    Current Employee - Mortgage Business Controls in Ann Arbor, MI
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Mega Benefits (college reimbursement, home downpayment assistance, etc), lots of celebrations for every holiday, laid back atmosphere

    Cons

    Lack of training, Culture that isn't very inclusive and people aren't willing to branch out, not many chances for promotions, lately lots of upper mgmt movement/fireings leaving things to feel unstable.

    Advice to Management

    Treat your people like they are more than just workers.


  7. Helpful (4)

    "Not the Same Company It Used to Be"

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

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

    Pros

    I was a Cole Taylor/MB Financial employee for 6-1/2 years. I loved my job and the people I worked with for the first 6 years.

    The compensation and benefits were very good.

    The Marketing Team always did a great job of creating a fun atmosphere for holidays.

    Cons

    Management tells you they want to hear your ideas but shut you down when you voice them. If you have a difference of opinion they label you as "combative and resistant."

    They do not respect the experience of long term employees or new employees with fresh ideas.

    If I was writing this review a year ago, it would most likely have been four or five stars.

    Advice to Management

    Senior management needs to get back to caring not only about what is best for the company, but also the employees.

    MB Financial (Mortgage Division) has lost many valuable long time experienced employees because middle managers are more concerned about their own positions.

    They should go back to the basics of being the type of company that respects the talent the employees have and what they can offer.

  8. "Relationship Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MB Financial full-time

    Pros

    Great benefits, fun work environment

    Cons

    Slow to promote from within, many mergers means many different banking cultures colliding.


  9. "Too much work in certain areas"

    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 MB Financial full-time

    Pros

    Benefits sabitical free coffee low price on pop

    Cons

    Not caring management treat you like dogs only half hour lunch too much extra work no time to self

    Advice to Management

    Stop treating people in certain areas like crap


  10. Helpful (4)

    "Great environment to invest yourself long-term"

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

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

    Pros

    Excellent honesty and transparency from executive management. From a company this size this is rare. Employees are clearly invested in and treated as valuable human capital. The culture is amazing if you give a crap about what you do for a living.

    Cons

    Certain aspects of their IT team are still in flux, and in some ways MB can still be a stereotypical slow-moving bank. Some folks are still stuck in the year 2000, and don't realize that blockchain has the potential to vaporize the entire industry in a generation.

    Advice to Management

    Mitch Feiger has set an incredibly high standard for other execs in terms of living out company values. I think they still have some more to learn. The attempt to move into a more Lean culture is a very interesting one, but Lean is not about only saving dollars so finance looks good. Can you achieve a culture where all employees, top to bottom, can readily identify process waste? More importantly, are they empowered and rewarded for doing so? Have you made it worth their while to bring solutions to the table? Knowing the history is key to a successful Lean implementation. Keep up the great work, but also realize how critical it is for you to lead by example. Also, make sure all managers can speak proper English. Fragmented language skills rapidly break down team cohesion and create ALOT of waste.


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