Washington Mutual

  www.wamu.com
  www.wamu.com
There are newer employer reviews for Washington Mutual

1 person found this helpful  

Good times gone, target rich environment for new blood

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Program Manager in Seattle, WA
Current Employee - Program Manager in Seattle, WA

I have been working at Washington Mutual

Pros

Base compensation is above the local market, although benefits lag behind other local companies. The influx of East Cost management over the past few years means that new hires with connections to the new bosses will often get a fast track ahead of long time WaMulians - it's a great time to jump over from GE or JP Morgan and get on the fast track up the corporate ladder with your college alumni buddies or former colleagues. Of course, like many companies, much depends on who the department manager is and how they like to run their group. There are still areas within WaMu that are a great place to work, although the number of these is shrinking over time.

Cons

The company is in downsizing mode at present, so there is a greater and greater workload on fewer and fewer people. The overall morale is low, discontent is high.
There has been a strong drive by management to have greater control over decisions, expenditure, etc. As a result, the empowerment to get things down at the grass roots level has been eroded to nothing.

Advice to ManagementAdvice

Stop listening to what your directs are telling you. Get out there among the rank and file for a change. Get out there on the teller line, on the floor in the back office. Make your own conclusions about what's working and what's not. The Senior VPs are great at telling you what you want to hear - how about finding out the real story for yourself?

Doesn't Recommend
Disapproves of CEO

353 Other Employee Reviews for Washington Mutual (View Most Recent)

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  1. 1 person found this helpful  

    Weigh out your pros and cons before working for WaMu

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

    I worked at Washington Mutual

    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 ManagementAdvice

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

    Doesn't Recommend
    No opinion of CEO
  2. 1 person found this helpful  

    What went wrong?

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

    I worked at Washington Mutual

    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 ManagementAdvice

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

    Disapproves of CEO
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