Washington Mutual Reviews

Pros

the managers in place in the time of my employment were really great at mentoring employees.

Cons

the change over from wamu to chase was a disaster. I left wamu as it transitioned.

Advice to Senior Management

.advice to management: leave chase while you can. it was never going to be the end all be all

Pros

if you were on a team with a good manager, you were able to promote

Cons

if you were stuck with a bad manager, you pretty much were stuck

Advice to Senior Management

feedback or suggestions boxes that REALLY were anonymous

Pros

Good culture, very nice people.

Cons

Overly process-driven; too many meetings; too many Powerpoint decks. Senior managers utterly lacking in courage to make unpopular decisions or take chances.

Advice to Senior Management

N/A

Pros

opportunity for growth and advancement

Cons

numbers driven and goal oriented

Advice to Senior Management

keep it up... focus on behaviors not numbers

Pros

The WaMu I knew had a long, proud history of serving its communities, customers and clients. While it was in business I was proud to work there.

Cons

WaMu's senior management utterly destroyed the bank. Between 2007 and 2008 the company stock slid from $40 down to 10 cents as it imploded, its assets ultimately sold to JPM at firesale prices by the federal government.

Advice to Senior Management

Too little much too late. They presided over one of the greatest examples of the destruction of shareholder equity in the history of capitalism. On the flip side after this performance it should not be hard for any of them to actually improve as managers.

Pros

Money was good
Is was located on service rd of Expressway which was convenient

Cons

Management was selfish
The assistants worked like dogs with very little praise, loan officers got all of the glory

Advice to Senior Management

Respect a good job when a good job was done, it's nice to be acknowledged when you have done a good job

Pros

Always felt I was needed and appreciated

Cons

Sr Executives allowed it to be shut down/taken over by JP Morgan Chase

Advice to Senior Management

Stop being so greedy

Pros

The base salary was competitive.

Cons

The underwriting process was difficult.

Advice to Senior Management

WAMU is no longer in existence. Merged with Chase Bank. I have no advice to offer, due to that fact.

Pros

The company had a strong brand, strategic vision, decent technology support for employees, good work life balance, smart and fun co-workers and lots of charitable activities.

Cons

The mortgage portfolio left something to be desired. The commute was terrible for most employees. Some might say it was overly political.

Advice to Senior Management

Good luck on everything! It's nice that some of the former executives have worked hard to provide help to displaced employees.

Pros

Retail store and low and mid management corporate employees were very nice, and were eager to do good work

Cons

Desparate need for new and innovative ideas from senior management and significant passive/aggressive behavior demonstrated by management trying to move up the chain of command.

Advice to Senior Management

Live an honest life, both professionally and personally