Pros: relaxed for a bank
Cons: pay, benefits, management
The bank has a great mission to revitalize Chicago’s distressed South and West sides. They believe this can be achieved by commercial lending initiatives which will create jobs. They also offer consumer products to encourage commercial customers to conduct personal banking as well. Beyond that they offer banking services for consumers and customers.
The attitude in the office is mostly relaxed and easygoing. People don’t get hung up if you’re a little late here and there, and people dress from suits, to no ties, to tiny dresses, to slacks and polos. Management interrupts you while you are working a lot or while you are in a meeting, I find that disrespectful.
The company is very top heavy. The workers are in constant fear of losing their jobs. There have been MANY layoffs/terminations of workers (not management) since I started a year ago. The few that remain pickup the slack while management continues to come up with new ideas to add more work to their large load. The few good managers are all leaving for better opportunities or tired of the way things are. Even worse, middle management is usually promoted from another area in the bank because one executive likes them or they performed well there. Then they work in an area they know little to nothing about and micromanage.
Compensation and benefits are terrible. Pay is well below most banks, workload is higher and benefits are average or below. There is no education support and the retirement plan might as well not exist.
The major benefits are the President and the diversity. The President is the coolest, most normal executive. – more... He actually talks to the workers about personal things and the mission. The other is the diversity. The company is very mixed with young to old, African America, Caucasian, Hispanic, Asian and Middle Eastern women and men. It’s refreshing being a minority and not working with all Caucasian people. Not that I have anything against any group of people but it’s refreshing to see people of color in high ranking positions and having diversity in all levels. – less