Westpac Banking – “Relaxed culture, nice people but bad money”

Pros

Relaxed culture
People are nice and helpful
Work/Life balance is a possibility if you get a good manager
People are not aggressive but still get things done

Cons

Bureaucratic
Money is low end
Limited international opportunities
Limited career opportunities if you want complexity of product/transaction - it is a run of the mill bank that focuses on retail franchise.

Advice to Senior Management

Need to match pay to market and speed up decision making.
Need to introduce more mobility for employees to move around different areas of Institutional Bank.