WestLB Reviews

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2.9
27 Reviews
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Recommend to a friend
Approve of CEO
WestLB Chairman, Managing Board Dietrich Voigtländer
Dietrich Voigtländer
8 Ratings

Employee Reviews

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  1. Good learning experience, good people to work with. Dealing with Germany can be a little slower.

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

    I have been working at WestLB

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

    Pros

    Good people, good benefits, casual attire everyday is acceptable except when Senior Management is visiting from Germany. Otherwise it can be jeans everyday if you want.

    Cons

    IT department is good,but Software is obsolete. Bank was restructured and is now an Asset Management firm. Bonus and salary structure gone. No more raises, no more bonuses. Overall company moral is low.

    Advice to Management

    Provide $ to stay with company.

  2. Great Atmosphere and Free Lunch

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Trading Assistant in New York, NY
    Former Contractor - Trading Assistant in New York, NY

    I worked at WestLB as a contractor (Less than a year)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Very nice place to work, they pay well, the offices are in a very nice section of NYC (Rockerfeller Center). I cannot think of a better place to work. The main problem was diversity. Most of the employees look like they came out of Animal House. Their language on the trading floor was horrendous as well.

    Cons

    Lack of diversity in ranks. Other than that, the place is wonderful.

    Advice to Management

    Advertise more.

  3. Positive

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY

    I have been working at WestLB

    Approves of CEO
    Approves of CEO

    Pros

    Good placed to learn and gain experience

    Cons

    Job certainity in the current market

    Advice to Management

    More hands on approach is needed.

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  5. Dissatisfied

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at WestLB

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Life and work balance of employee

    Cons

    No compensation. No transparency in promotion.

    Advice to Management

    Increase compensation and promotion transparency.

  6. Associate Director

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY

    I have been working at WestLB

    Approves of CEO
    Approves of CEO

    Pros

    Work Life balance. Flexible hours.

    Cons

    Below market compensation. No career progress.

    Advice to Management

    Start making money. End favouritism.

  7. 10

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in New York, NY
    Current Employee - Intern in New York, NY

    I have been working at WestLB

    Pros

    Management is good. Really good.

    Cons

    Coffee Selection is weak at best.

    Advice to Management

    Keep it up. You helped me out in a scenario in which I was new and did not know a lot.

  8. Helpful (1)

    Working at WestLB

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at WestLB

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

    Pros

    Great benefits package, you don't pay for medical or dental, a small amount for vision for you and your family members. Work life balance is awesome, nobody works more than 40-45 per week. You get 20 days of vacation, 3 personal, and unlimited sick days. It's a relatively laid back environment, not like a stodgy investment bank.

    Cons

    Software/hardware is oboslete, it's hard to deal with people in Germany as they have a different way of doing things. Bonus/salary structure is lower than the industry standard. Overall company moral is low. Everything is done in Excel

    Advice to Management

    Invest more into the staff. Offer more training for career advancement.

  9. WestLB

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at WestLB

    No opinion of CEO
    No opinion of CEO

    Pros

    One of the best reasons to work at WestLB is the people. Overall, local management/HR is great but many times their hands are tied.

    Cons

    There is a lack of transperancy regarding compensation. WestLB currently pays its employees below market especially in terms of bonus.

    Advice to Management

    Head office needs to understand that if they want a successful U.S. presence, they need to pay their employees appropriately.

  10. Somewhat relaxed environment but little room for advancement

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Director in New York, NY
    Current Employee - Associate Director in New York, NY

    I have been working at WestLB

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

    Pros

    Relatively lenient working hours
    Relaxed office experience
    People are good

    Cons

    No career movement
    Management does not foster growth and creativity
    Work is not recognized unless your one of the managers

    Advice to Management

    Remember that the people under you is what makes you look good.

  11. MAnager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in London, England (UK)
    Former Employee - Manager in London, England (UK)

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

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

    Pros

    good work life balance 0

    Cons

    everything is done in excel

    Advice to Management

    too late rigth now

WestLB Photos

WestLB 7WTC location
WestLB, London
WestLB Headquartes Düsseldorf

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