There are newer employer reviews for Washington Mutual
There are newer employer reviews for Washington Mutual

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Helpful (1)

The "Longevity Penalty" is in full effect at WaMu!

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Assistant Vice President in Seattle, WA
Current Employee - Assistant Vice President in Seattle, WA

I have been working at Washington Mutual

Doesn't Recommend
No opinion of CEO
Doesn't Recommend
No opinion of CEO

Pros

The benefits aren't too bad and are in line with what I'm looking for.

Cons

The pay isn't great once you've been with the company for more than six months. The only way to be compensated fairly is to leave the company and then come back at what they would pay people coming from the outside. It's called the "longevity penalty"...

Advice to Management

Do a better job at mitigating risks! Realized the type of talent you have here within the company and work with HR to find ways to reward that talent and loyalty instead of always looking to bring people in from the outside and pay them better. Make it more equitable accross the board.

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  1. Helpful (1)

    Weigh out your pros and cons before working for WaMu

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

    I worked at Washington Mutual

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    The locations of branches are nice. They are working on putting more WaMus in more areas in the future.

    Cons

    The pressure to push products on customers that are not going to be beneficial to them.

    Advice to Management

    Please do a more comprehensive training on managers, especially interpersonal communication skills.


  2. Helpful (1)

    What went wrong?

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Seattle, WA
    Former Employee - Anonymous Employee in Seattle, WA

    I worked at Washington Mutual

    Disapproves of CEO
    Disapproves of CEO

    Pros

    People are friendly, smart and professional, good working environment. If you have appetite for learning new things in the industry, this is the perfect place for you. Great career growth opportunities, can move around within the company and learn new things.

    Cons

    Some senior level management tend to build their own Roman Empire and recruit their own Roman Armies. If you know what I mean.... and they don't live up with the WaMu Values! If you are looking for work/life balance, you can forget about it, this is definitely not the right place. Lately, it's seems like it's becoming a norm that you have to work at least sixty hours per week. In some areas, you are expected to put in that many hours, but mostly you just have to work more hours if you want to get caught up with the workload. Employee morale hits rock bottom the past few months as layoff announcements keep coming...Compensation is not very competitive.

    Advice to Management

    Quit laying off seasoned employees and yet keeping consultants who charge millions by the hour!Consider re-evaluating the organizational structure (too many managers)!


There are newer employer reviews for Washington Mutual
There are newer employer reviews for Washington Mutual

See Most Recent

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