Associated Bank reviews

3.9

74% would recommend to a friend

(198 total reviews)
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Andy Harmening

85% approve of CEO

66% positive business outlook

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198 reviews

Reviews about "Compensation"

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4.0
Oct 7, 2014
Recommend
CEO approval
Business Outlook

Pros

Associated Bank seems to promote from within quite frequently. They have good benefits such as a 410k match (~4.5%) as well as a pension. In-store bankers (grocery store locations) have a quicker opportunity to advancement as they can move up to be Assistant Managers, which the stand alone locations don't offer.

Cons

In-store relationship bankers get shafted until they are promoted. The hours working in the grocery store location is hardly ideal (Holidays, Sundays, and open till 7pm during the week). Expect to earn less money than the bankers at the traditional branches too. It is next to impossible for the grocery store bankers to reach goals and thus earn any commission (Currently there are only ~2 in-store bankers in the entire company that reach monthly incentives compared to almost 50% of all traditional bankers). And don't expect to be able to transfer to a traditional branch. Unless you are one of the two in-store bankers in the company that meet the arbitrary incentive goal they won't allow you to transfer if you can't meet your monthly incentive goals.

5.0
Aug 14, 2014

Great Place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Love working with the older clients. They are a pleasure and brighten my day. It's nice to help those that have specific financial needs and are truly interested in your assistance. Great group of co-workers. Everyone has a job to do and they do it well. Work atmosphere is fine. Associated is an a older regional company that has a stellar call center that clients really appreciate. It makes my position so much better to know that I can count on the call center to answer questions right away. Pay is average for the market. No one is going to get rich in lower levels of banking but they do compensate with a nice 401K and they even slip in extra "bonus" into a retirement fund based on bank profitability and your yearly salary. With a fairly high turnover rate, anyone that has the gumption to move up the ladder has a fair chance to do so. I would guess that if you want to move up, a college degree would help. Stress level is low to medium which is a big plus. It's no fun working in a meat grinder environment like some of the other banks.

Cons

Turnover is high in branch management and other positions. I'm not sure why but I guess everyone wants to get paid more and that keeps the turn rate fairly high. As with any job your direct supervisor or manager can make it a great place to work or a not so great place to work. If you get a bad manager just hold on for a year or two and they generally move on. Another annoyance is that we were told to start unlocking the doors early and leave then unlocked late so that customers can get there early and stay late. I understand that you want to be flexible but that is what ATM machines are for. Customers could pick up the phone and make an appointment or let us know they were running late and we would accommodate without having everyone stick around on a daily basis. Commission structures are always changing. Sometimes they are obtainable and other times they are impossible to meet.

2.0
Jul 2, 2014

Fake Political Show

Recommend
CEO approval
Business Outlook

Pros

- Training programs and trainers are EXCELLENT - Benefits are good

Cons

- Compensation is bottom rung. I was embarrassed with some of the salaries that I had to offer to new employees. - Little effort spent on Marketing in the Minnesota market. - Verint scheduling system runs staffing like a joke. One teller and one banker? This delivers poor service to customers when everything is in DUAL CONTROL and you constantly have insufficient staffing. Couldn't schedule a vacation without worrying about coverage. - Lower Management is terrible. My exempt managers rarely put in close to 30 hours per week. Constantly lying about "business appointments". - People are WAY too involved in each other's personal lives. It makes it really uncomfortable. - I had a DM that was sneaking around with someone in facilities (both married employees)... closed door meetings for 3+ hours... (shaking my head) - People are constantly leaving and moving positions. Never the same face in the same place for more than 3 months at a time. - Very political. Unnecessarily so. If you weren't liked, you had no potential of upward movement. - Although training programs are steller at Associated, good luck getting to training. - HR departments are biased towards Senior Management and tends to side with them on many pressing issues.

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