Washington Mutual Reviews

Updated July 22, 2015
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3.9
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Recommend to a friend
Approve of CEO
Washington Mutual Chairman & CEO JP Morgan Chase James Dimon
James Dimon
42 Ratings

Pros
  • Great people, true team environment, challenging work, fair compensation, perfect work/life balance (in 41 reviews)

  • Great place for those who enjoy being challenged and surpassing expectations (in 14 reviews)

Cons
  • The assistants worked like dogs with very little praise, loan officers got all of the glory (in 13 reviews)

  • Too much risk in the subprime lending (in 8 reviews)

More Pros and Cons

368 Employee Reviews

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  1. Helpful (1)

    Desktop Support

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Washington Mutual

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    culture, people, benefits, latitude to move in the company

    Cons

    upper management, slow on making decisions


  2. Glory Days of WAMU

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Washington Mutual full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Was thriving when the financial services were. Lots of opportunities.

    Cons

    Got greedy, and went down the black hole

    Advice to Management

    This is not about Jamie. Jamie saved the day, even if he was forced.


  3. Washington Mutual Review- During transition

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Washington Mutual full-time

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good training, learning and development programs. Participated in a leadership training rotation program for college hires.

    Cons

    poor business practices that led to company being seized by the FDIC. Too much growth in the Commercial and home leading sectors without risk controls.

    Advice to Management

    This is no longer applicable.


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  5. it was fine

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Washington Mutual full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    i suppose it was fine working there. I didn't really mind it. It was in downtown seattle, which was convenient and very, very easy to get to by bus.

    Cons

    They shut down the doors and kicked everyone out in to the streets. That was not good. That really, really, really, really sucked.

    Advice to Management

    Maybe try to not go bankrupt. And don't lie to employees. That should really be frowned on and make a bad thing to do for everyone.


  6. Customer-centric brand and company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Washington Mutual full-time

    Recommends
    Recommends

    Pros

    great people, opportunities, work environment

    Cons

    acquired by Chase, no longer a company


  7. Great company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Washington Mutual full-time

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Great company. Great people. Well-loved place to work.

    Cons

    Overall, all things considered, no cons.

    Advice to Management

    None.


  8. Good

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Group Product Manager in Seattle, WA
    Former Employee - Group Product Manager in Seattle, WA

    I worked at Washington Mutual

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    I enjoyed working there for 10 years.

    Cons

    It went out of business.

    Advice to Management

    Don't go out of buisness


  9. First Vice President Markeitng

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - First Vice President in Seattle, WA
    Former Employee - First Vice President in Seattle, WA

    I worked at Washington Mutual full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Fun culture. Growth culture. Supportive executive management in the Mortgage Division.

    Cons

    Many mergers and reorganizations made it challenging to motivate people and keep everyone going all of the time.


  10. Great Company to work for.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Washington Mutual

    Pros

    The company was fair. It had great benefits and recognition program that made the employees feel valued.

    Cons

    The management could have been a little clear on the direction of the company.

    Advice to Management

    Make sure your employees stay well informed in your direction


  11. Was great while it lasted

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Washington Mutual

    Pros

    Decent pay for a high school student; very social; opportunity to take initiative and advance

    Cons

    Always pushing the up-sell. And up-selling subprime loans lead to terrible consequences in the end.

    Advice to Management

    Well, you don't really exist anymore. So next time when you have a business that survived the great depression, try to put people first (not profits) and survive the great resession.



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