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

See Most Recent

Helpful (1)

Good times gone, target rich environment for new blood

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

I have been working at Washington Mutual

Doesn't Recommend
Disapproves of CEO
Doesn't Recommend
Disapproves of CEO

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 Management

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?

0 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
  1. Helpful (2)

    WaMu still a good place to work if you can get past the negative press

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

    I have been working at Washington Mutual

    Recommends
    Disapproves of CEO
    Recommends
    Disapproves of CEO

    Pros

    While times are tough at the bank, WaMu really does care about its employees... moreso than any company I've ever worked for. Work-life balance is fantastic for many (I know there are a few that don't see a good balance but more are balanced than not).

    Cons

    Current financial conditions create a very unstable environment. Layoffs have been frequent in an attempt to right size the company with the down turn in the housing market. The atmosphere can be a bit depressing and difficult if you aren't prepared to work through it.

    Advice to Management

    Stop having layoffs every 3 months. Figure out the size the company needs to be and make it happen in 1 shot. Having layoffs constantly is killing the morale of just about everyone.


  2. Hard work gets rewarded at WaMu!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Operations Analyst
    Current Employee - Business Operations Analyst

    I have been working at Washington Mutual

    Pros

    Culture. Atmosphere. Easy interaction among coworkers and with managers. If you are driven, show skill and put in the time, promotions and recognitions are given.

    Cons

    Mostly reactive, not proactive to market conditions. Priority of focus on projects. Currently in huge cost cutting mode leading to stretching your human resources too thin. Trying to tackle too many projects with limited resources.

    Advice to Management

    Get back to the basics and focus on a profitable business model. Build trust back into your employees. Build and strengthen relationships between senior managers of different departments. Integrate your business lines and sell WaMu as a whole, not just a retail bank or home loan institution.


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

See Most Recent

Work at Washington Mutual? Share Your Experiences

Washington Mutual

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.