OneWest Bank Reviews

Updated July 10, 2014
Updated July 10, 2014
106 Reviews

2.8
106 Reviews
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OneWest Bank President & CEO Joseph Otting
Joseph Otting
45 Ratings

Review Highlights

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

  • Strong upper management with forward thinking vision (in 3 reviews)


Cons
  • Upper management operates with the idea that they can just hire anybody off the street to do your job (in 6 reviews)

  • Senior management is more impressed with themselves than focused on attracting business (in 5 reviews)

More Highlights

26 Employee Reviews Back to all reviews

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  1.  

    No Future

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager  in  Pasadena, CA
    Former Employee - Manager in Pasadena, CA

    I worked at OneWest Bank full-time for 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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Wall street: Let's Play Banker edition

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst  in  Pasadena, CA
    Current Employee - Analyst in Pasadena, CA

    I have been working at OneWest Bank full-time for 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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Always worried about the next layoff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Engineer
    Former Employee - IT Engineer

    I worked at OneWest Bank full-time for more than 5 years

    Pros

    Some managers are reasonable and keep their employees shielded from the problems.
    They recently resumed with tiny yearly raises and bonuses

    Cons

    Upper management most concerned with saving every penny at the expense of employees.
    They are trying to get sold, they recently sold an entire division, laid everyone off including some from other divisions.
    They are not maintaining support contracts so employees are constantly dealing with reocurring problems.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    This place is a JOKE!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Austin, TX
    Current Employee - Anonymous Employee in Austin, TX

    I have been working at OneWest Bank full-time for 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 ManagementAdvice

    Get a CLUE as to who is REALLY WORKING!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 2 people found this helpful  

    Cheap cheap cheap!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst  in  Pasadena, CA
    Current Employee - Analyst in Pasadena, CA

    I have been working at OneWest Bank full-time for 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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    Terrible place!!!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Austin, TX
    Former Employee - Anonymous Employee in Austin, TX

    I worked at OneWest Bank full-time for more than 5 years

    Pros

    The hourly pay for this company was good.

    Cons

    Don't value good workers!!!! Managers value friends instead. Favoritism is an all-time-high here. Also, some managers are not very knowledgeable in their positions. So some managers will ask for help with department colleagues for answers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    They ONLY care about how much money the investors earn....people don't matter, customers nor employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Pasadena, CA
    Former Employee - Anonymous Employee in Pasadena, CA

    I worked at OneWest Bank full-time for more than 3 years

    Pros

    Annual bonuses and some talented employees.

    Cons

    Poor leadership, disengaged employees, no management support of meaningless business principles.

    Advice to ManagementAdvice

    Realize your business strategies are very short-sighted and eventually, you'll reap what you are sowing.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Hard to soar with eagles when you're flocking with turkeys

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Pasadena, CA
    Former Employee - Anonymous Employee in Pasadena, CA

    I worked at OneWest Bank full-time for more than a year

    Pros

    They pay a lot of money.

    Cons

    They will toss you out like yesterdays' leftovers.

    Advice to ManagementAdvice

    Stop being so darn secretive. How can anyone help you if you don't give them any insights into what is going on?

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Disturbing, at best.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Austin, TX
    Former Employee - Anonymous Employee in Austin, TX

    I worked at OneWest Bank full-time for more than 5 years

    Pros

    Compensation for the positions at OneWest was considerably higher than the average in the industry.

    Cons

    Management at any of the departments at OneWest Bank goes to the employee that stayed the longest in that department regardless of their management experience and education experience.

    Advice to ManagementAdvice

    Get a clue and actually speak to the sub-ordinates in each department and hear and see what actually is going in.....but, that would take someone with actual management experience.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    where do I start.... the most negative place I ever worked at.....

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loss Mitigation  in  Austin, TX
    Former Employee - Loss Mitigation in Austin, TX

    I worked at OneWest Bank full-time for more than 3 years

    Pros

    it closed down the Austin office

    Cons

    worse management, no respect....poor organizational, project management skills, not what you know but who you know kind of atmosphere, which I am sure led to their demise in Austin....

    Advice to ManagementAdvice

    clean house....

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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