Wintrust Financial Reviews | Glassdoor

Wintrust Financial Reviews

Updated December 1, 2016
35 reviews

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Current Employees

3.5
Star Star Star Star Star
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Wintrust Financial President, CEO, and Director; Chairman, Wayne Hummer Investments, Wayne Hummer Trust, Wayne Hummer Asset Management, and First Insurance Funding Edward J. Wehmer
Edward J. Wehmer
24 Ratings

35 Employee Reviews

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Pros
Cons
  • Zero workplace flexibility and no work/life balance (in 4 reviews)

  • The money is not elite and senior management will say the culture here is better than going to chase money (in 3 reviews)

More Pros and Cons

  1. "Wintrust"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    It is an amazing experience

    Cons

    Nothing wrong with this company


  2. "Commercial Banking Officer"

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    Strong bank, with excellent lending teams.

    Cons

    Can be a political office environment.


  3. Helpful (3)

    "Very old fashioned approach to office life. If you want to have a life outside of work, don't work here."

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

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

    Pros

    You can meet some great people. Great building location, lots to do during lunch or after work. Really good restaurants in the area.

    Cons

    Zero workplace flexibility and no work/life balance. You are expected to be in the office 8am-10pm. Upper management will openly bully talented employees just because they don't like them. No emphasis on career development.

    Advice to Management

    Stop cultivating a toxic environment. Inspire all employees and take an interest in employee development.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Personal banker"

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

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

    Pros

    Smaller bank with in house decision making. Not a lot of cold calling for sales. Lots of great account options with no fees, accounts sell themselves.

    Cons

    Outside events fall on nights and weekends and are unpaid. High expectations for staff members but upper management doesn't participate. Lack of training opportunities. Leadership needs a lot of work.

    Advice to Management

    Lead by example and be more hands on


  6. Helpful (1)

    "Mostly Positive"

    Star Star Star Star Star
    • 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

    Pros

    The company culture is friendly and welcoming. There are many people to network with to help build your career. There is plenty of job security.

    Cons

    HR can be less than helpful and disorganized; they typically need to be asked to do their job (not all HR employees). The pay could be better and the annual raises for hourly employees are a joke. Computer systems are mostly outdated and the 15-charter, one-bank model makes it difficult to handle all customers efficiently.

    Advice to Management

    Invest in employee retention and take employee advice/concerns seriously. Many employees would be willing to take the same job somewhere else for better pay. Work with employees to develop a career plan and a path for growth so no one feels stuck in their position.


  7. "Great company"

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

    Pros

    The bank has very friendly staff are dedicated to their customers.

    Cons

    Although there is no down side there can sometimes be downs. For example, the brach president is very demanding.


  8. "Wintrust Mortgage"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Branch Manager in Eagan, MN
    Current Employee - Branch Manager in Eagan, MN
    Recommends
    Positive Outlook

    I have been working at Wintrust Financial full-time (More than 8 years)

    Pros

    50 State Lending-- Benefits Package

    Cons

    Footprint to be Minnesota inclusive

    Advice to Management

    Grow the footprint


  9. Helpful (1)

    "A Growing 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
    Positive Outlook
    Approves of CEO

    I have been working at Wintrust Financial full-time (More than 10 years)

    Pros

    Solid reputation. Stable work environment. Entrepreneurial culture. Many opportunities for cross-functional experience. Excellent medical benefits.

    Cons

    Tenure can trump performance. Senior level task-focused management. Infrastructure did not match company growth. Dated systems.

    Advice to Management

    Replace reactionary senior level managers with more strategic, forward-thinking, coaches.


  10. Helpful (1)

    "Auditor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Auditor
    Current Employee - Auditor
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Good work life balance and office atmosphere. Its also virtually impossible to get fired.

    Cons

    Terrible compensation and will only pay $5,000 for tuition reimbursement per year.

    Advice to Management

    Pay more and hold people accountable who are bad at their jobs.


  11. "SVP"

    Star Star Star Star Star
    • 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 Wintrust Financial full-time (More than 10 years)

    Pros

    Good benefits and culture. Company for the most part values its employees and works to retain the people who perform.

    Cons

    Culture is changing as the company is growing. Flat management structure requires leadership to wear multiple hats and continually adapt to new challenges.

    Advice to Management

    Stay focused on the quality of the people and ensure that management ranks are not spread too thin. Watch for understaffed areas as the company continues to grow.



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