Midwestern culture that lacks in professionalism and global outlook - not friendly for women
Pros
Few financial opportunities in Chicago, and this would be considered the biggest and most stable of the other firms Strong reputation for a midwestern/regional bank
Cons
- Lacks in professionalism - not diverse and friendly to minorities and women; tendency to look the other way towards inappropriate conduct of male colleagues towards their female colleagues - not based on meritocracy; favoritism given to the families out of Chicago and does not place high value on global experience, broader thinking - Enables poor behavior, potentially abusive behavior, of senior management towards analyst/associates - utilizes fear to drive subordination - pays below market value of bulge brackets (specific to equity research) - extremely conservative in nature towards everything