Westpac Banking

www.westpac.com.au
Employer Engaged

Westpac Banking Reviews

Updated February 25, 2015
Updated February 25, 2015
108 Reviews
3.5
108 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Westpac Banking Managing Director and CEO Gail P. Kelly
Gail P. Kelly
60 Ratings

Review Highlights

Pros
  • If you're willing to work hard and efficiently then your work life balance can be fantastic (in 19 reviews)

  • Great people, effective training (in 4 reviews)


Cons
  • No responsibility taken by senior management - finger is always pointed at others (in 7 reviews)

  • This is the domestic commercial bank for people who want work life balance (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Operations

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

    I worked at Westpac Banking full-time (less than a year)

    Pros

    Exposure to different business units

    Cons

    Need to define roles and responsibilities of the department better to reduce redundancies in work scope

    Recommends
    Neutral Outlook
  2.  

    It's an Australian Commercial Bank

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

    I have been working at Westpac Banking full-time (more than 8 years)

    Pros

    Depending on the area you work in, there's lots of opportunity to get exposure to a range of products and functions across the bank. Reasonable work life balance. The maternity and working arrangements are very generous if you're a younger woman starting a family.

    Cons

    As a few other people have mentioned, it can be ridiculously bureaucratic. Decision making is a long, protracted process, which seems to be an attempt at avoiding responsibility by mutualising everything. Information hoarding and "managing up" are common.

    Advice to ManagementAdvice

    Give staff their autonomy, but make them accountable for their decisions.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Great experience, leadership development and career opportunities for candidates that work hard.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager in Sydney (Australia)
    Current Employee - Manager in Sydney (Australia)

    I have been working at Westpac Banking

    Pros

    Very warm work atmosphere, supportive environment, easy to excel for hard working and committed employees.

    Cons

    Sometimes lacks performance culture, and has a consensus-driven decision making process. Lots of great ideas, sometimes poor follow-through.

    Advice to ManagementAdvice

    Develop better performance culture and focus on empowering individual decision making at each management level.

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Fantastic place to work

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

    I have been working at Westpac Banking

    Pros

    Great people - very smart, care about each other, great motivation

    Cons

    Financial sector - exposed to fluctuations in staffing levels - not always a safe bet for contractors

    Advice to ManagementAdvice

    Keep up the great work

    Recommends
    Positive Outlook
  6.  

    Lots of opportunity in an environment that is focused and sometimes tough

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

    I have been working at Westpac Banking as a contractor (more than a year)

    Pros

    great location and lots of opportunity

    Cons

    The exec are a tough bunch...but hey that what you expect

    Advice to ManagementAdvice

    keep the focus on results

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    software developer

    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor

    I worked at Westpac Banking as a contractor (more than a year)

    Pros

    they pay relatively good rate

    Cons

    cumbersome security decreases productivity,
    politics,

  8.  

    Needs to develop future leaders

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker in Melbourne (Australia)
    Former Employee - Personal Banker in Melbourne (Australia)

    I worked at Westpac Banking part-time (less than a year)

    Pros

    Opportunities to step up, competitive pay

    Cons

    Needs to look after performers and stop making it harder to achieve targets

    Advice to ManagementAdvice

    Listen to your employees more and separate 1 up management in performance of staff

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    westpac

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

    I have been working at Westpac Banking

    Pros

    big 4 bank, good resume

    Cons

    too big target, cut bonus

  10.  

    Operational Risk

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

    I worked at Westpac Banking full-time

    Pros

    Steps taken to improve standardisation of OR

    Cons

    Resources to support the rollout of OR needs to be increased

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    As good as Banks get?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Head of in Sydney (Australia)
    Current Employee - Head of in Sydney (Australia)

    I have been working at Westpac Banking full-time (more than 5 years)

    Pros

    A collaborative and performance driven culture
    Mostly nice and smart people
    Many job opportunities across the Group (made more readily accessible by the endless restructures)
    Good remunerations, even though salary and bonus increases not what they used to be

    Cons

    Political skills are your best ally to make your way up
    Endless restructures
    Profit culture overtook 'Customer best interest' long ago

    Recommends
    Positive Outlook
    Approves of CEO

Westpac Banking Photos

Westpac Community Day

+ Add Photo

Work at Westpac Banking? Share Your Experiences

Westpac Banking

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.