Great Western Bancorp

www.greatwesternbank.com
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There are newer employer reviews for Great Western Bancorp

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Helpful (1)

A great company to work for as a mortgage loan officer.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - MOrtgage Loan Originator
Current Employee - MOrtgage Loan Originator

I have been working at Great Western Bancorp full-time (More than a year)

Recommends
Neutral Outlook
Approves of CEO
Recommends
Neutral Outlook
Approves of CEO

Pros

Autonomy, great location, tight knit department. The mortgage department is big enough to get things done and small enough that everyone knows each other. Low fees and low rates make the selling process easier. 401K match and annual generous profit sharing.

Cons

Commission pay scale is good for a retail bank but on the lower end of mortgage banking. However this can be overcome with volume. Health benefits are expensive and only a 80/20 plan is offered but that seems to be the norm now a days.

Advice to Management

You've made tremendous progress on the mortgage operation sides. MLOs could benefit from greater price control flexibility.

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  1. Helpful (1)

    Not As Advertised...

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

    I worked at Great Western Bancorp full-time (More than 5 years)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Great Western Bank sells itself as a community bank. However the truth is that it is owned by an Australian Conglomerate. So, it is definitely an organization that is set for growth. If you are young and dumb, there is a lot of opportunity for you.

    Cons

    Although there are opportunities for career growth, the pay is less than stellar. In fact a "salary survey" was completed by an company and the data was used to reduce employees salaries (even some long tenured). That doesn't sound like "small town" business to me.

    Advice to Management

    You claim to have a open door policy. Well, be true to that policy from the top to the bottom of the organization. Also, don't make every decision based on profitability. Finally, treat people like people.

  2. Helpful (1)

    Worst career move I ever made.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations in Sioux Falls, SD
    Former Employee - Operations in Sioux Falls, SD

    I worked at Great Western Bancorp full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Bank is well-funded by its parent bank. Pay is competitive.

    Cons

    Very little cooperation between departments. It takes multiple attempts to get a response to emails or phone calls. There is very little accountability, leaving employees to do as they please or ignore rules they don't agree with. Management is willing to ignore regulations they feel are too burdensome in the name of "customer service". Management is very short-sighted, believing customers are just not interested in products such as Internet or mobile banking. And there is no opportunity for career advancement.

    Advice to Management

    Do more promoting from within the organization. Management should spend time developing modern products and listening to customer comments. Additionally, management should consider replacing older members with people with more experience in the modern banking environment.

There are newer employer reviews for Great Western Bancorp
There are newer employer reviews for Great Western Bancorp

See Most Recent

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