Mesirow Financial Reviews | Glassdoor

Mesirow Financial Reviews

Updated March 18, 2017
123 reviews

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Full-time Part-time

3.3
Star Star Star Star Star
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Approve of CEO
Mesirow Financial Chairman and CEO Richard S. Price
Richard S. Price
63 Ratings

123 Employee Reviews

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Pros
Cons
  • Upper management, who used to at least try to appear human, have totally dropped that pretense now (in 10 reviews)

  • Work/Life Balance was completely non-existent; (in 5 reviews)

More Pros and Cons

  1. "Good Company"

    Star Star Star Star Star
    • 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
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at Mesirow Financial full-time (More than 3 years)

    Pros

    Great culture among employees, many fun events sponsored by corporate, a lot of vacation time.

    Cons

    Undergoing larges changes in business structure, which makes job security a concern


  2. "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Associate in Chicago, IL
    Former Employee - Investment Associate in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    They pay well, and the people are very nice. At least in my group, the work was very flexible, so if you had a dentist appointment, or needed to arrive early/leave early for any reason, you were given that freedom and trusted to get the work done. Deep Chicago roots and seems to be quite well-respected within the community.

    Cons

    The different departments are very silo'd, so it can be tough to form a network outside of your immediate group. They do have networking events and such, but they aren't very well attended.

    Advice to Management

    In some ways the company seems to "set in its ways" or even overly conservative in some respests. While I understand it is employee owned and everyone wants to do right by the shareholders, perhaps being a bit more dynamic could be helpful.


  3. "Internship"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Washington, DC
    Former Employee - Anonymous Employee in Washington, DC
    Recommends
    Approves of CEO

    I worked at Mesirow Financial (Less than a year)

    Pros

    It was a great time working at Mesirow - they had a great internship program.

    Cons

    As an intern of course, you do not get the responsibilities that you would hope for as a full time employee.


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  5. Helpful (1)

    "IT Project Manager"

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

    Pros

    Peers are generally hardworking. Great location.

    Cons

    Lack of growth opportunity and formal career path; poor annual salary increases; decreasing annual bonuses. Changing corporate direction.


  6. Helpful (2)

    "Was once a good place to work for."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Chicago, IL
    Former Employee - Vice President in Chicago, IL
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good office location in river north. Very connected to the city and suburban politics and they gets lots of business from their political connections.

    Cons

    Management was one great, took risks and actually cared about employees. Current management team is all about lip service and is only worried about themselves and making it to retirement. They are always looking to sell off units for a quick way to make a buck. They are running out of things to sell and are going to need to hire a CEO that is positioned to lead the company into the future or finally sell the mother ship so the executives can retire and finally be happy.

    Advice to Management

    Lead follow or get out of the way. Mesirow once cared about its employees that built the company. Go back to that our get out of the business.


  7. Helpful (5)

    "Employee"

    Star Star Star Star Star
    • 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
    Negative Outlook

    Pros

    The offices are in a newer building that has a lot of (costly) amenities. The downtown Chicago location has a wide selection of restaurants nearby.

    Cons

    Firstly - Poor retirement benefits. The company never fully restored the 401K benefits after the financial crisis.

    Almost each product is offered by a different business group and each respective group is set up like an independent business. A lack of communication and planning between these business groups makes it hard to implement any strategy drummed up by the board or each respective group's senior management. What information is shared is incomplete or half truths because many in senior management what to appear as if they are team players but in actuality will do everything they can to protect their turf.

    Advice to Management

    Take leadership!! Make a decision! Develop a strategy, share it, and implement it!! After divesting so many different groups, us who are left have no idea how the firm plans to grow. We keep getting assurance that it will happen but *poof*… yet another group disappears.

    The CEO, Richard Price, does not come across as Mesirow’s leader. He may just have been a lucky committee or board member that happened to be at the right place at the right time.

    The former CEO, Jim Tyree (which everyone loved and respected and passed away unexpectedly), admittedly created a large shadow For Richard Price to come out from under. But he STILL appears afraid of being compared to his processor. So, as a way to avoid any direct blame for potential missteps, he found a way to also never take direct responsibility.

    It's never Richard Price that decides, it's always "the board decided this was best" or "a committee determined how to handle that". People wonder who is actually leading the company and why he is still around if it isn't him?


  8. "Executive Assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Assistant in Athens, MI
    Current Employee - Executive Assistant in Athens, MI
    Positive Outlook
    Approves of CEO

    I have been working at Mesirow Financial (More than a year)

    Pros

    People are easy to work with. Lots of support from upper management. Lots of opportunities for growth and training.

    Cons

    None. I work for an excellent group of guys who are very good at asking for what they need.

    Advice to Management

    Please continue to provide a positive work experience with lots of room for growth.


  9. "sales"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Syosset, NY
    Former Employee - Anonymous Employee in Syosset, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Mesirow Financial (More than 8 years)

    Pros

    sales can be fun

    Cons

    there can be some pressure from management


  10. Helpful (6)

    "Bizarre"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Shared Services in Chicago, IL
    Former Employee - Shared Services in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Mesirow Financial full-time (Less than a year)

    Pros

    The overall facilities are nice - location is close to most transit options and entertainment venues; the cafeteria in the building is acceptable. Benefits were comparable. Charitable outlook is a positive.

    Cons

    Where does one begin....What you were sold on during the interviewing process versus reality couldn't have been anymore different.
    Some Highlights:
    Work/Life Balance was completely non-existent;
    Working from Home concept was a foreign language to management;
    Career Opportunities (inside and outside your respective department) were lacking/non-existent;
    Too many dead-weight/"favorite" employees that are not capable of performing their job duties.

    The list goes on and on.....

    Advice to Management

    Management needs to take the time and effort to reevaluate their policies and actions. There's a reason this place is a revolving door and it's mind boggling management isn't getting it. You are losing many well qualified and skilled employees by protecting the dead-weight. Time to clean house!


  11. Helpful (1)

    "Not Great"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Executive in Chicago, IL
    Current Employee - Account Executive in Chicago, IL
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Competitive Salary, benefits and 401k matching

    Cons

    Not accommodating to employees with families. Very much like high school, many many cliques and supervisors are not very encouraging.

    Advice to Management

    Appreciate the good workers you have and tell them that they are appreciated.


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