Wintrust Financial Reviews | Glassdoor

Wintrust Financial Reviews

Updated April 24, 2017
11 reviews

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2.0
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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
4 Ratings

11 Employee Reviews

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  1. Helpful (1)

    "Information Technology - System Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Systems Engineer in Wood Dale, IL
    Current Employee - Systems Engineer in Wood Dale, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great people

    Great overall skill improvement opportunities

    Growing corporation

    Good benefits

    Computer based training courses available to further technical education on personal time

    Cons

    Senior management lacks a clear understanding on employee staffing levels

    Technology systems delivered lacks imagination and innovation

    No formal training provided for on-boarding employees

    Little room for professional advancement

    Advice to Management

    Properly staff your organization

    Properly organize and plan long term projects and allow the staff adequate time to execute said plan

    Listen to employees in matters of technical feasibility vs possibility

    Refine processes to actually help your employees be efficient, rather than hinder them

    Provide formal training to employees to increase productivity

    Be consistent with decision making and policy enforcement

    Give proper annual reviews (something I have had exactly 1 time in all my years at the company)

    Be realistic with expectations to the business units, it feels at times the inmates run the asylum


  2. 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.


  3. Helpful (1)

    "Marketing Department"

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

    I worked at Wintrust Financial full-time (More than a year)

    Pros

    Free company gym, free shuttle to/from blue line, happy hours, department outings, free monthly company luncheons, good health benefits, 401K, flexible hours

    Cons

    No challenging work, no room for advancement, extreme favoritism, pay is below average, employees are not recognized for hard work

    Advice to Management

    Treat your employees better, create better opportunities for them to advance within the department/company, create more engaging work for employees to stick around, pay higher salaries


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  5. Helpful (1)

    "Up Your Game"

    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
    Neutral Outlook
    No opinion of CEO

    I worked at Wintrust Financial (More than a year)

    Pros

    Reasonable working hours
    Not too much micromanagement
    Conveniently located
    An office with great views
    Great coffee in the lobby, and a good gym nearby as well
    Not too many frivolous meetings

    Cons

    A generally apathetic and mildly to moderately discontent culture. Not quite dysfunctional enough to warrant one star, but still pretty bad. I imagine it's kind of like working for the DMV, except everyone you work with is a college graduate from a third tier institution (that's not to say every college graduate from a 3rd tier institutions is dumb though, as some are quite brilliant) .

    Also, I can't speak to other peoples' experiences, but I felt totally out of place there. I also witnessed insane levels of turnover among the analysts, which doesn't speak well to the future viability of their investment product offerings.

    Also, there was lots of middle management bloat.

    Advice to Management

    A wealth management company is not a bank. Stop treating it like one. Autocratic decision making, rigid hierarchy, a culture that rewards conventionality over originality, and so forth are the exact opposite traits that a company needs if it's going to produce superior investment results and provide high quality customer service.


  6. "Good company overall - Good benefits"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Rosemont, IL
    Current Employee - Financial Analyst in Rosemont, IL
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Good benefits. Have on-site gym equipped with fitness classes for all employees free of charge. Two week vacation and unlimited sick days. Provides 401k match, medical (BCBS IL), dental and vision insurance. Discounts for AT&T, Jos A. Banks, etc.

    Cons

    Communication within departments is limited. A lot of micro managing. In order to fit in you must have a traditional mindset. Not very open to new ideas. Very cut throat environment. Not a team environment.

    Advice to Management

    Need to offer work/life balance. Offer remote access to all employees to allow all departments to remain functional and allow for work/life balance.


  7. "growing quickly with no regards on how it affects those employed here"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Libertyville, IL
    Former Employee - Anonymous Employee in Libertyville, IL
    Doesn't Recommend
    No opinion of CEO

    Pros

    good benefits, including 401k plan

    Cons

    disregard for those outside of management

    Advice to Management

    talk to your employees.


  8. Helpful (1)

    "The bank stock and profitability continue to decline, is the only solution to continue to grow through bank acquisition?"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in Saint Charles, IL
    Current Employee - Senior Vice President in Saint Charles, IL
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Wintrust financial allows each bank president to tailor the loan and deposit products to meet the needs of the community it serves. Some of the banks have a strong following in the community and devoted employees to ensure the highest level of customer satisfaction. The bank president has the authority to run the charter as his/her own business which allows for an entreprenureal spirt only found in a start up bank. The employee benefits package is very generous and competes strongly with employers of similar industries. The bank is large enough (when one considers all charters as one) to compete with the larger banks in the area; this eliminates many of the objections when working with customers who are concerned about moving to a community bank.

    Cons

    The communication and sharing of information between the banks is extreamly limited. The leadership from the holding company does not trickle down to the bank level. Accountability for the banks performance is only judged on a profitability basis and does not incorporate employee turnover or customer satisfaction. It does not appear bank presidents of less profitable charters are held accountable for thier performance and poor performance is allowed to continue year over year. Senior management is a good old boys club made up from the original people who started the bank, no room for new ideas or opinions in this environment. The lack of diversity within the organization is concerning and does not promote opportunities for women or people of color.

    Advice to Management

    Holding company officials need to be more involved at the bank level to ensure that the bank president is providing the leadership and communication to carry out the organizations goals and inititatives. Improvment in information sharing and communication between the banks would reduce lost productivity. Having an operations staff at each charter is a large duplication of job function with little financial return for the redundancy which is also complicated by the vast diferences in knowledge and expierience of similar positions at each bank charter. Leadership training for all senior managment and some type of oversight would better improve the level of bank presidents at each location.


  9. 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.


  10. "My Review"

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

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

    Pros

    Wintrust is a nice place to work except for the department I am in

    Cons

    To draconian in my department. Management is old fashion and out of touch


  11. Helpful (1)

    "Not my worse employer but definitely not among the best."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    I worked at Wintrust Financial full-time

    Pros

    Employment opportunity....there were not many positive to this job.

    Cons

    Untrustworthy management, lack of integrity...


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