IndyMac Bancorp

  www.indymacbank.com
  www.indymacbank.com

IndyMac Bancorp Reviews in Los Angeles, CA

Updated July 1, 2014
Updated July 1, 2014
44 Reviews
3.0
44 Reviews
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IndyMac Bancorp CEO John F. Bovenzi
John F. Bovenzi
8 Ratings

18 Employee Reviews Back to all reviews

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  1.  

    Great experience working for this company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Asset Manager in Los Angeles, CA
    Former Employee - Asset Manager in Los Angeles, CA

    I worked at IndyMac Bancorp full-time (more than 10 years)

    Pros

    Good bonus structure for employees.

    Cons

    Lack of room for growth.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    The Fish Rots From The Head

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in Pasadena, CA
    Former Employee - Assistant Vice President in Pasadena, CA

    I worked at IndyMac Bancorp full-time (more than 5 years)

    Pros

    Not much at all. There were some decent managers. However, the kill or be killed culture usually only left managers that supported and contributed to a terrible culture and environment

    Cons

    Over worked, too many hats, underpaid, under appreciated, most promotions were given to incompetent friends of management, horrible leadership, terrible culture, high turnover.

    Advice to ManagementAdvice

    clear the ranks of dictators and hire managers that are true leaders and motivators, people who have some hands on experience

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Very Satisfying... Promotion was recognized...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Consultant in Irvine, CA
    Former Employee - Senior Consultant in Irvine, CA

    I worked at IndyMac Bancorp full-time (more than 8 years)

    Pros

    At the beginning we were LoanWorks and it was an easy going company.. the move to a BANK changed the structure of the company however the easiness lingered and became more to the corp entity that is was.

    Cons

    Seemed like there was much moving around...Oh... I forgot... the FDIC walked in and we were put in Receivership, UGH... On my Birthday even.

    Advice to ManagementAdvice

    Beware to Be Ware.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Banker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Pasadena, CA
    Current Employee - Manager in Pasadena, CA

    I have been working at IndyMac Bancorp full-time (more than 3 years)

    Pros

    Great company, fun atmosphere. I liked the people I worked with, the company did not seem greedy in terms of salaries.

    Cons

    Departments could be a bit unorganize but overall it was a un experience for me. I learned alot there.

    Recommends
    Negative Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Was a good company but lost itself in politics and break neck growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Technical Consultant in Pasadena, CA
    Current Employee - Technical Consultant in Pasadena, CA

    I have been working at IndyMac Bancorp

    Pros

    Rewarded its employees if they were outstanding

    Cons

    Lot of politics specially in IT

    Advice to ManagementAdvice

    Get out of the rut

    No opinion of CEO
  7.  

    Good experience.

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

    I worked at IndyMac Bancorp

    Pros

    Dedicated, well compensated, hard working staff.

    Cons

    Seemed like a 24/7 job.

    Advice to ManagementAdvice

    Best job leads are from former associates.

    Doesn't Recommend
    No opinion of CEO
  8.  

    OneWest Bank formerly Indymac Bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Associate Analyst in Los Angeles, CA
    Former Employee - Associate Analyst in Los Angeles, CA

    I worked at IndyMac Bancorp

    Pros

    The management team was very knowledgeable.

    Cons

    Monetary compensation was one of the lowest in the industry.

    Advice to ManagementAdvice

    Provide better compensation

    No opinion of CEO
  9.  

    Indymac Bankcorp

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

    I worked at IndyMac Bancorp

    Pros

    Part of great sales team. All AE's were smart, fun, and had great personalities. Had a good benefits package.

    Cons

    Our management was not very receptive to the employees and what was going on. Some managers did not know much about what they were managing.

    Advice to ManagementAdvice

    Listen to the employees and use the suggestions to your local offices. Learn how to communicate information in a more timely manner.

    No opinion of CEO
  10.  

    Sr. Underwriter

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

    I worked at IndyMac Bancorp

    Pros

    Good salaries, high volume, plenty of time off, risk management availability, highly skilled emplyees still offered overtime pay, imaging, short commute

    Cons

    lack of knowledgable employees, lack of skilled management, no opportunity for advancement, country club atmosphere, male driven environment, no cohesive risk strategy, sales driven production environment

    Advice to ManagementAdvice

    NA

    No opinion of CEO
  11.  

    Good place to work before taken over by FDIC

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

    I worked at IndyMac Bancorp

    Pros

    Easy to move up the ladder in relatively short period of time. Overall i was satisfied with senior management and their abilities to get things done quickly when needed

    Cons

    There was too much middle management who mostly sat around in meetings all day but weren't ever contributing to the end product. Paying for parking and office politics

    Advice to ManagementAdvice

    Give the employees more value, the ones that are left have been through quite a bit for this company and deserve to be compensated well for this. Don't make employees pay for parking!

    Recommends
    No opinion of CEO

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