Westpac Banking

  www.westpac.com.au
  www.westpac.com.au

Westpac Banking Reviews

Updated October 19, 2014
Updated October 19, 2014
86 Reviews
3.5
86 Reviews
Rating Trends

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

Review Highlights

Pros
  • If you're willing to work hard and efficiently then your work life balance can be fantastic (in 18 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)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Painfully frustrating place to work!

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

    I worked at Westpac Banking full-time (more than an year)

    Pros

    The view from head office.
    Kitchen facilities on all floors

    Cons

    Business 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    Outdated programs and procedures.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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    interesting

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

    I worked at Westpac Banking full-time (more than 10 years)

    Pros

    Good working conditions, flexible employer, structures becoming very flat which creates a void for promotion with middle to senior management within increasingly difficult to obtain , hence why so many staff interchange between major employees - to get advancement

    Cons

    Rewards for Sales people in Management & Senior Management far greater then to those in direct face to face roles - needs to be a better balance of Reward. If not in sales, likely miss out on variable payment, even though KPI's met

    Advice to ManagementAdvice

    more equitable slice of Bonus pool to the actual front line

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    Good company with solid grwoth profile but lots of red tape

    • 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

    Great CSR record and DNA within the organisation

    Cons

    Restructures every 4-6 months make it hard for real progress to be made

    Advice to ManagementAdvice

    Hang onto your good people

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    Good benefits and work/ life balance but not a place to be inspired

    • 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 an year)

    Pros

    Large organisation with lots of opportunities for a varied career across a different departments. Many employees have built their entire career at Westpac .
    Reasonable pay & rewards
    Good for promoting women in leadership
    Good work/ life balance

    Cons

    Slow pace, general lack of urgency
    Decision by committee can be challenging when trying to deliver at pace
    Old organisation with old processes and ways of doing things. You are encouraged to " challenge the status quo " but when you have the courage to do this it can sometimes become quite a hostile environment.
    Lack of team work, team camaraderie across departments - lots of silos

    Recommends
    Approves of CEO
  6.  

    Overall, a good balance

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

    I have been working at Westpac Banking full-time (more than 3 years)

    Pros

    The culture, values and focus on being on of the world's great companies means that Westpac can be a fantastic place to work. Anybody willing to put the effort in can progress far by building their networks and proactively seeking out new opportunities.

    Cons

    Corporate politics has a tendency of creeping into the yearly performance appraisal process, meaning that overall fantastic performance can be overshadowed (and even negated) by comparatively minor issues. The tendency of Finance towards reducing head count while at the same time increasing workloads will, I feel, eventually backfire for the organisation.

    Advice to ManagementAdvice

    Question your staff engagement results rather than just taking them at face value. There may be underlying issues you are not seeing.

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Awesome

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Westpac Banking

    Pros

    - positive attitude
    - egos checked

    Cons

    - total comp needs work
    - hours can be long

    Advice to ManagementAdvice

    benchmark total comp

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    A good balance of competitive and flexible work life style

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

    I have been working at Westpac Banking full-time (more than 10 years)

    Pros

    Westpac has embraced flexible and diverse work practices which make it a great place for anybody to work hard and achieve their personal goals, within their corporate and personal lives.

    Cons

    In many specialized areas the bulk of people are from outsourced providers which reduce the depth of experience one can gain and the opportunity for rapid advancement (again increase in salary as you are competing with a commodity workforce)

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great solutions shame about the bureaurocracy

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

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

    Pros

    Great technology capabilities to deliver real value to customers.
    Fantastic staff benefits - particularly the generous 3 month full pay Paternity Leave.

    Cons

    Risk averse organisation
    More concerned about internal perception than client needs
    Too much red tape limiting speed to market and real innovation

    Advice to ManagementAdvice

    Learn to manage upward and understand that when a title involves leadership, one should try to lead rather than manage perception.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Political savviness a big plus

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Head of Specific Area
    Current Employee - Head of Specific Area

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

    Pros

    Very flexible work environment. Very collaborative within business units, though challenging to identify opportunities and collaborate across BUs. This is improving dramatically and could be a long-term shift. Currently there is plenty of "us and them" internally and the politics are not for the faint of heart.

    Cons

    Probably true in any large corporation, but there is little collaboration, and in fact outright competition, at the GM level.

    Advice to ManagementAdvice

    Listen to your people, be willing to challenge and debate rather than mandate.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Great Company

    • 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 10 years)

    Pros

    Work life balance + Benefits + Share options.

    Cons

    None...the place is really good.

    Advice to ManagementAdvice

    Keep it real as you have been.

    Recommends
    Positive Outlook
    Approves of CEO

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