Washington Mutual

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

355 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. 2 people found this helpful  

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

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

    I have been working at Washington Mutual

    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 ManagementAdvice

    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.

    Recommends
    Disapproves of CEO
There are newer employer reviews for Washington Mutual

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