Westpac Banking

  www.westpac.com.au
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Westpac Banking Reviews

Updated Jul 15, 2014
Westpac Banking – Sydney – “Westpac Community Day”

All Employees Current Employees Only

3.4 76 reviews

77% Approve of the CEO

Westpac Banking Managing Director and CEO Gail P. Kelly

Gail P. Kelly

(47 ratings)

69% of employees recommend this company to a friend

Review Highlights

Pros
  • Good Work/Life Balance, really suited to people with families(in 17 reviews)

  • plenty of opportunities, large organisation(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 3 reviews)

76 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    It's an Australian Commercial Bank

    Anonymous Employee (Current Employee)

    ProsDepending 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.

    ConsAs 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 Senior ManagementGive staff their autonomy, but make them accountable for their decisions.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Working at Westpac

    Accountant (Current Employee) Sydney (Australia)

    ProsGood work life balance, plenty of opportunities, great people and culture, since it's such a big company there are plenty of opportunities to move between different units enable to to broden your skills, experiences and network.

    Conscompany changes quite a lot due to many restructuring

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Good place to work

    Senior Manager (Current Employee) Sydney (Australia)

    ProsLot of opportunities to work on different projects.
    Good reputation and brand recognition in Australia.
    Excellent work place culture & work-life-balance.

    ConsThere is limited brand recognition outside Australia.
    It is a 'local' bank with no global presence, therefore there are very few opportunities to work overseas.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Great workplace and very engaged management

    Senior Product Manager (Current Employee) Sydney (Australia)

    ProsFlexible workplace that truly live it's value from the top

    ConsThe size of the place makes things take time

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Good work/life balance, but uninspiring management

    Senior Product Manager (Current Employee) Sydney (Australia)

    ProsRelaxed culture
    good work/life balance
    diverse workplace

    ConsBureaucratic and self-interested management
    Reluctant to promote internally (to middle/upper management)
    Limited international opportunities
    average pay and (dollar) benefits
    inadequate resourcing for important teams

    Advice to Senior ManagementInvest some serious money in technology - it is the future of banking and you will be left behind by your rivals

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    bureaucratic project management

    Project Manager (Former Employee) Sydney (Australia)

    Prosplenty of opportunities, large organisation

    ConsWhere I was, the PMs were consistently disempowered, due to multiple layers of senior management being directly involved - i.e. portfolio director / program manager / finally the PM. The outcome was far from nimble project management - more like a standard business area.
    Also, (where I was) Change Managers have separate reporting structure and the outcome was (in one extreme case) that the change manager felt like he was above the team, which did not go unnoticed by the team, and meant the PM had an additional stakeholder to be 'managed'.

    No, I would not recommend this company to a friend

     

    Audit Manager

    Anonymous Employee (Former Employee)

    ProsProgressive bank, big team, career development and training is the best. There is lot of collaboration between the units. The teams have a good mix.

    ConsNo cons really. Had best time there both career wise and personal growth wise. Most recommended to work for.

    Advice to Senior ManagementNo advice to management

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Good employer

    Teller (Current Employee) Sydney (Australia)

    ProsGood benefits, growth opportunities and work environment

    ConsDifficult to change the departments

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Commercial Banking

    Relationship Banker (Former Employee) Adelaide (Australia)

    Proswell branded company, good colleague, ongoing training

    Constoo many old people working there for so many days and not willing to change. slow promotion.

    Advice to Senior Managementlet young players to be involved more as they are more efficient and quick learner.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Painfully frustrating place to work!

    Employee (Former Employee) Sydney (Australia)

    ProsThe view from head office.
    Kitchen facilities on all floors

    ConsBusiness Development Managers who don't know their 'A' from their elbow. Lack of understanding of their own role.
    Too many levels of management and stakeholders. Cant get things done.
    Meeting after meeting
    Low tech environment (Windows XP and Lotus Notes)
    Big bureaucracy including I.T. (which is outsourced to IBM)
    Penny pinching across all areas except the flavour of the month projects.
    No responsibility taken by senior management - finger is always pointed at others.
    No job security. Always looking to outsource roles.
    Outdated programs and procedures.
    Focus too much on setting unrealistic objectives - limited reward for achieving them.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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