OneWest Bank Reviews

Updated August 17, 2015
31 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
Employment Status

Reset
1.0
Rating Trends
Recommend to a friend
Approve of CEO
OneWest Bank President & CEO Joseph Otting
Joseph Otting
21 Ratings

Pros
  • Nice work-life balance, no micromanagment (in 3 reviews)

  • OWB has been a great place to work (in 4 reviews)

Cons
  • Upper management seems hesitant to approve OT and promotions (in 7 reviews)

  • Cost saving initiatives that only impact employees at a lower level while waste is prevalent at the senior management level and above (in 5 reviews)

More Pros and Cons

31 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (2)

    Relationship Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President & Branch Manager in Cerritos, CA
    Current Employee - Vice President & Branch Manager in Cerritos, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at OneWest Bank full-time (More than 5 years)

    Pros

    Bank has been purchased by a real financial comapny!

    Cons

    No products, no Regional support for the branches, no bonus payout since we have no products.

    Advice to Management

    Replace Regional Management with bankers and leaders


  2. Helpful (1)

    Poor Structure

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Foreclosure Specialist in Austin, TX
    Former Employee - Foreclosure Specialist in Austin, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at OneWest Bank full-time (More than a year)

    Pros

    Location was perfect right next to the domain and parking was not bad. They had food trucks that is about it for pro's.

    Cons

    They laid off a lot of people and the place is so disorganized. People were constantly getting fired or quitting.

    Advice to Management

    Not much to say since management was worthless and never gave direction. Maybe figure out how to run a successful organization.


  3. Helpful (1)

    no room to move forward

    Former Employee - Bank Teller in Los Angeles, CA
    Former Employee - Bank Teller in Los Angeles, CA

    Pros

    good training and a lot of locations

    Cons

    nothing to look forward to working in a place thats not going to give a raise

    Advice to Management

    help


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


  5. Helpful (1)

    Company didn't care about employees

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Property Tax Specialist in Kalamazoo, MI
    Former Employee - Property Tax Specialist in Kalamazoo, MI
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at OneWest Bank full-time (More than a year)

    Pros

    Easy job, little required to keep management happy.

    Cons

    There was no opportunity for advancement, bad pay, only mediocre benefits.

    Advice to Management

    Pay your employees something meaningful.


  6. It's so depressing going to work.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialist III in Austin, TX
    Current Employee - Specialist III in Austin, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at OneWest Bank full-time (More than a year)

    Pros

    Have a/c and heat. That's all i could think of.

    Cons

    The company is very unorganized. Supervisors don't care about employees. Employees are lazy and dishonest. That's the kind of environment that you'll see. Come and work if you need money, but if you want a professional career, then apply somewhere else. Any where but here.

    Advice to Management

    Please resign.


  7. Some good people but bad company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Supervisor in Austin, TX
    Former Employee - Supervisor in Austin, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at OneWest Bank full-time (More than 5 years)

    Pros

    At one time there was a nice work atmosphere. They were not strict about the dress code or when you came and went.

    Cons

    Awful raises. You are only allowed a 5% raise if you are promoted and if you do great at your job the best you can do is 3% raise. Some very bad managers that make change when it is not need just so it look as if they are doing something. Top doesn't care about bottom and everyone there is fairly miserable and doesn't think very highly of the company.

    Advice to Management

    Look at what works before making change. Treat people with respect.


  8. Helpful (1)

    No Future

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Pasadena, CA
    Former Employee - Manager in Pasadena, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at OneWest Bank full-time (More than 8 years)

    Pros

    There is a minority of employees who are professional and talented

    Cons

    Lack of cooperation between the different departments makes working there extremely difficult Lack of standards Lack of honesty amongst many of the employees at all levels Managing through politics and favoritism and not merit Rotating in and out 1/3 of there staff every year is not a indication of a healthy and productive environment Cost saving initiatives that only impact employees at a lower level while waste is prevalent at the senior management level and above. Low moral given the fact that the company's directive is to benefit the small investor group by giving a return on there investment as quickly as possible and not investing in the future because the true end state is to sell the company and not grow it.

    Advice to Management

    Stop touting that your employees are your greatest asset. Your actions are contrary to that statement. The lack of communication and secrecy only fosters animosity and doubt throughout the organization. It is clear that those that were part of the original investment team have benefited greatly from the acquisition of Indymac Bank.


  9. Helpful (1)

    Wall street: Let's Play Banker edition

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Pasadena, CA
    Current Employee - Analyst in Pasadena, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at OneWest Bank full-time (More than 3 years)

    Pros

    - Some really good and intelligent people if you're lucky enough to find them who will always give you great advice and look out for you. The life/career lessons I learned from them were the most valuable take away from working here.

    Cons

    - Extreme incompetence at nearly every level. Every bloated department seems to have a handful of people who do 99% of the work while other (often more senior) employees are permitted to run their mouths and play a silly corporate gossip game that makes them feel relevant. - Pitifully low compensation and with the company being sold at some point in the future, resources are being cut razor thin including your bonus and comp. Inflationary/Merit raises are not a thing here. Promotions will typically involve a paltry 2-3% raise - Very low morale as a lot of talent was let out the door as a result of a partial sale in 2013. Near zero accountability for shoddy 2-bit work (Austin, TX) which has cultivated a culture of sweeping problems under the rug and a 'shoot the messenger' mentality - Pervasive attitude being that you are lucky to have a job at all - Bank ran by wall street folks and an 'inner circle' that enjoys feeling exclusive and insulated, like kids in a treehouse. Hollow brand name with even more vapid "cultural values" that attempt to create a "front".

    Advice to Management

    Executive MGMT: I have zero confidence in your ability to run any semblance of a functional bank. Stick to wall street. Senior MGMT: Appreciate the employees who really add value and stop pushing them to the breaking point on account of those who aren't carrying their weight. OWB is a meat grinder.


  10. Helpful (2)

    This place is a JOKE!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Austin, TX
    Current Employee - Anonymous Employee in Austin, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at OneWest Bank full-time (More than 5 years)

    Pros

    It paid better than other companies in the area.

    Cons

    There are many challengers here starting with no training. The people in my department were a bunch of goof-offs who got paid for walking around gossiping while the ones that were working got nothing more than what the goof-offs got plus they got bonuses too!

    Advice to Management

    Get a CLUE as to who is REALLY WORKING!


  11. Helpful (2)

    Cheap cheap cheap!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Pasadena, CA
    Current Employee - Analyst in Pasadena, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at OneWest Bank full-time (More than a year)

    Pros

    The people are nice and the stress level is minimal as my department is rather lenient and flexible about hours worked and time off as evidenced by the employees who take advantage of working "remotely."

    Cons

    I feel like this place is where you go to die as this company slowly sucks the life out of you for low wages and annual 1% increases. Your silly bonuses don't even bump you up to market. I'm going on my third year as an Analysis with glowing reviews from management with each passing year, yet my annual incentive stayed the same or got worse. Whats the point in trying if the dead weight next to you does nothing as you work so hard and take on more responsibility but still end up with the same incentive? Makes for some bitter employees. As an outsider coming in post FDIC takeover, I witness that the attitudes among the veterans who didn't lose their jobs and tolerating below market pay is that they are just lucky to be working. Give me a break! If you have brains and are hard working, don't waste your time here. They will low ball you and it will be a struggle to move forward. They have high turnover for a reason.

    Advice to Management

    Why bother with lengthy self assessments when it's not taken into consideration during annually incentives.



Showing 31 of 134 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.