Westpac Banking

  www.westpac.com.au
  www.westpac.com.au
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Westpac Banking Reviews

Updated September 8, 2014
Updated September 8, 2014
82 Reviews
3.5
82 Reviews
Rating Trends

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

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)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    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
  2.  

    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 for 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
  3.  

    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 for 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
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  5.  

    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 for 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
  6.  

    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 for 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
  7.  

    Overall a good company to work for

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

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

    Pros

    - Great flexibility such as work from home etc.
    - Lots of internal opportunities but obviously will have to go through the normal job application process
    - Great employee benefits

    Cons

    - Pay scale bit low compared to other banks
    - Training opportunities depends on your manager
    - Pay rise not consistent across the divisions

    Advice to ManagementAdvice

    Too much politics at Senior Management level but I guess it is the norm in corporate world!!! Wish they would work together more for the company rather than building their own empire.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Project Management

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

    I worked at Westpac Banking as an intern for less than a year

    Pros

    Great team, good for personal growth, great culture.

    Cons

    Very bureaucratic, hard working environment. Can't really say too much it all depends on which department you're in.

    Recommends
    Positive Outlook
    No opinion of CEO
  9.  

    Great opportunities for driven, motivated individuals

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

    I have been working at Westpac Banking part-time for more than a year

    Pros

    Development focussed management and intelligent co-workers

    Cons

    Long hours are expected without compensation at times

    Advice to ManagementAdvice

    Continue providing opportunities for driven people to learn, grow and succeed

    Positive Outlook
    Approves of CEO
  10.  

    Amazing Experience

    • 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 Place to work , amazing team environment

    Cons

    There are no cons currently

  11. 1 person found this helpful  

    Good people, bad management

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

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

    Pros

    Friendly people
    Good teamwork
    Wide variety of work
    Flexible work/life balance

    Cons

    No link between effort, performance and reward
    Low pay/benefits
    Rampant favouritism

    Advice to ManagementAdvice

    Appraisals need more transparency

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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