The PrivateBank Reviews | Glassdoor

The PrivateBank Reviews

Updated Sep 25, 2018

To filter reviews, or .

Found 46 reviews

3.2
StarStarStarStarStar
Rating TrendsRating Trends
66%
Recommend to a Friend
78%
Approve of CEO
Larry Richman
23 Ratings
Pros
Cons
  • "(in 2 reviews)

  • "(in 2 reviews)

More Pros and Cons
  1. Helpful (3)

    "Terrific culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Managing Director in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at The PrivateBank full-time for more than 10 years

    Pros

    Family friendly Incredible hard working co workers Fast paced Strong management Growth company Client focused Flexible work options Interesting place to be

    Cons

    Uncertainty due to CIBC acquisition makes job security a little scary. Management is older and will be replaced in next three years.

    The PrivateBank2017-08-03

    The PrivateBank Response

    September 8, 2017CHRO

    Thanks so much for your positive comments; I'm glad that you find this to be a great place to work as that's our intention. We know that in times of change there can be uncertainty and as you've said "scary". As I mentioned at the all-team meeting this week, we're really excited ...

    Show More
  2. "Fair"

    StarStarStarStarStar
      Former Employee - Anonymous Employee 

      I worked at The PrivateBank full-time for more than 10 years

      Pros

      Good People across the organization

      Cons

      Lack of focus on the small client.

      The PrivateBank2018-09-25

      The PrivateBank Response

      December 7, 2018CHRO

      Thanks so much for your feedback. We have terrific people on our team and we pride ourselves on taking care of our clients. If there's more that you believe we can learn from you, please send me a note. Thanks again.

    • "PVTB"

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

      I worked at The PrivateBank full-time

      Pros

      Pleasant, courteous, professional staff. Frequent catered lunches. Good benefits

      Cons

      Too many levels of management. Limited opportunities for advancement resulting in higher turnover rate. Stagnant wages

      The PrivateBank2018-09-21

      The PrivateBank Response

      December 7, 2018CHRO

      Thanks so much for your feedback. We pride ourselves on being a great place to work and that starts with having a values-driven workplace. It is important that people feel that they have room to grow. Because we're part of CIBC, a large global organization, we have numerous opportunities ...

      Show More
    • Helpful (8)

      "Internal Audit"

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

      I have been working at The PrivateBank full-time for less than a year

      Pros

      Trainings are offered and supported; Staff is given generous bonuses.

      Cons

      Disappointing attempt to cultivate a team oriented Internal Audit culture by ex-Big Four task delegators. Public accounting hours are expected but not communicated or rewarded.

      Advice to Management

      As majority of the auditor to manager level staff is miserable after completing 16 audits in 7 weeks and are actively interviewing internally and externally, it would be advised for Senior Managers to start focusing on raising the extremely low and quite negative team morale.

      The PrivateBank2017-09-07
    • "Not a bad place if you like a set in by 8am out by 5pm career"

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

      I have been working at The PrivateBank full-time

      Pros

      The bank is committed to community outreach which is a major plus. They serve a diverse set of communities and partner with some great organizations, to help spread financial literacy and just lend a caring hand.

      Cons

      Due to the hands on approach of the bank there is not much opportunity to work remotely.

      Advice to Management

      Lean more toward flex time. It will help keep employees from feeling burned out.

      The PrivateBank2017-09-01

      The PrivateBank Response

      September 8, 2017CHRO

      Thanks so much for your feedback. Being of service to those in the communities where we live and work is key to who we are as an organization. We've received numerous awards for our work and we're excited to do even more. To learn more about the work we do in the community, please ...

      Show More
    • Helpful (8)

      "Lack of diversity"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 

      I have been working at The PrivateBank full-time

      Pros

      Good work-life balance. relaxed environment

      Cons

      if you are a person of color, just stay away

      The PrivateBank2017-07-31
    • Helpful (1)

      "Senior loan processor"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Senior LoanProcesso in Chicago, IL
      Recommends
      Neutral Outlook
      No opinion of CEO

      I have been working at The PrivateBank full-time for less than a year

      Pros

      good benefits, company match 401k, decent pay

      Cons

      there is a gap between management and employees

      The PrivateBank2017-05-09

      The PrivateBank Response

      July 19, 2017CHRO

      Thanks so much for taking the time to write a review. I'm glad that you feel that we're offering good benefits; our goal is to provide total rewards that support our employees' well-being. As an employee you know that our goal is to become a great place to work by all measures. ...

      Show More
    • Helpful (19)

      ""Stay Away From Internal Audit...""

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Internal Auditor in Chicago, IL
      Doesn't Recommend
      Negative Outlook

      I worked at The PrivateBank full-time for less than a year

      Pros

      You get a paycheck and benefits.

      Cons

      By far, the worst career decision I have ever made. Very dysfunctional and unethical culture. The managers consisted of the most incompetent, inept, and ignorant group of child robots I have ever worked with. Instead of building a respectable internal audit program; the managers are too busy gossiping, social networking, and playing Candy Crush. Along with their lack of intellectual capacity, there is a lack of maturity,...

      Show More

      Advice to Management

      I am a huge proponent of education and training, unfortunately, you can’t fix character flaws and stupidity.

      The PrivateBank2017-03-17

      The PrivateBank Response

      July 19, 2017CHRO

      This is a highly unusual experience here at The PrivateBank. We take acting with integrity very seriously and our employees have rated this very highly (at least 90% favorable) in our last three employee engagement surveys. Our employees also have indicated that they feel they're ...

      Show More
    • Helpful (9)

      "Finance"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Financial Analyst in Chicago, IL
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I worked at The PrivateBank full-time for more than a year

      Pros

      Hired quickly. Short time from call to offer, and offer to start. Gave a positive outlook at interview of position.

      Cons

      Found out company sold after I got there. Basically this is a temp job. Old tech. Very old tech. Before my time tech. Difficult orientation to systems. Unreliable systems. No resources being used to update tech. Uncertain outlook.

      The PrivateBank2017-03-04
    • Helpful (6)

      "Stay Away"

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

      I worked at The PrivateBank full-time for more than a year

      Pros

      Reasonable work-life balance and decent pay.

      Cons

      Working at this place was one of the most disappointing experiences of my life. I was on the client-facing side of business. The lack of internal urgency was mind-numbing, only further exacerbated by direct managers who did not seem to care or take the time to be engaged. Way too out of touch to make a meaningful impact. Internal communication was terrible and management demonstrated a LIFO (last in, first out) approach...

      Show More
      The PrivateBank2017-01-10
    Found 46 reviews