OneWest Bank

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OneWest Bank Reviews

Updated September 1, 2014
Updated September 1, 2014
101 Reviews
2.8
101 Reviews
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OneWest Bank President & CEO Joseph Otting
Joseph Otting
44 Ratings

Review Highlights

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

  • OneWest is a great place to learn and grow with promotional opportunites through out the Company (in 4 reviews)


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

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

More Highlights

27 Employee Reviews Back to all reviews

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  1.  

    It's so depressing going to work.

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

    I have been working at OneWest Bank full-time (more than an 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 ManagementAdvice

    Please resign.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Some good people but bad company

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

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    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 (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
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  5.  

    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 (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
  6. 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 (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
  7. 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 (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
  8. 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 (more than an 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
  9. 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 (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
  10.  

    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 (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
  11. 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 (more than an 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

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