Washington Mutual Reviews

Pros

There were plenty of opportunities for growth, both personally and professionally, the culture was outstanding, the employees were treated with respect and were appreciated.

Cons

Salary is always going to be an issue. Promotional opportunities were plentiful but the salary increases for internal employees were limited.

Advice to Senior Management

Challenge overall company initiatives to get a full understanding of the benefits not just for the company but for the employees as well.

Pros

potential growth opportunity and compassionate workers. work and life balance are great. management cares for you and will be there.

Cons

sometmes there are too much politics in play and management don't provide expertise. driven and eager to meet bench goals.

Advice to Senior Management

continue the work life balance and talent programs that allow people to excel at their position and train people better.

Pros

Good upward mobility, above average compensation, professional yet fun environment. Washington Mutual was a company that respected and rewarded the work of its employees.

Cons

Emphasis on diversity sometimes seemed to trump professional qualifications. The company was a bit to political polar for my taste. And it was apparently too appetizing for Jamie Dimon.

Advice to Senior Management

Don't trust the Federal Reserve, Treasury Department, FDIC, or Office of Thrift Supervision. This was a good company and a lot of good people lost their shirts. Obviously, some closed-door meetings and palm greasing led to the fire sale for pennies on the dollar.

Pros

rewarded for hard work, ability to promote within the company

Cons

they went out of business

Advice to Senior Management

should have focused more on the branches instead of home loans

Pros

Easy to work with company with good management and a solid corporate environment that like to have fun

Cons

Now they are out of business

Pros

Many opportunities for women to advance

Cons

No longer in existence due to bank closure

Advice to Senior Management

communicate

Pros

Autonomy to get things done.

Cons

Company closed by FDIC and purchased by JPMC.

Pros

Loved working for WaMu. It was when the company was bought and sold for peanuts that it hurt. The company was good and treated the employees well.

Cons

Sub-prime mortgages were the pitfall. The company had a strong consumer banking divison; the mortgage division was extremely challenging. Toward the end (during the financial meltdown of 2008), the company was in a frenzy.

Advice to Senior Management

Remember to keep the work/life balance and if you are miserable in your job, it will show and you will be gone.

Pros

Great Collegues and the kind of work you did

Cons

They sometimes go on a hiring spree and take on too many people.

Pros

Ample room for advancement across many different career directions. (Was) Secure and steady employer. Strong Benefits package offered. Ample training provided.

Cons

Weak pool of branch level management. Didn't necessarily foster 'the right way to do it', but promoted those with good sales numbers by questionable tactics. Banking gives you a little bit of the 'Office Space' type feeling.

Advice to Senior Management

Too much tinkering with commission pay. Pay consistently went down while production was similar or even increased. This seems disengenious and definitely fosters poor sales habits from producers.