Westpac Banking Reviews

Updated July 26, 2015
145 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset

145 Employee Reviews

Sort: Popular Rating Date
  1. A Westpac life for me

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

    I have been working at Westpac Banking full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good work0life balance, open working environment, approachable employees, above market pay.

    Cons

    Some resistance to change and technology.

    Advice to Management

    Worry less about short term cost to income, and think mostly about long term gain.


  2. Opportunity for secure career progression

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

    I worked at Westpac Banking full-time

    Recommends
    Recommends

    Pros

    There are many opportunities at Westpac to grow your career in many directions. Processes for feedback and remuneration are clear and mentoring is excellent.

    Cons

    In some divisions, a negative culture was detrimental and caused a high rate of staff turnover.


  3. Helpful (1)

    Big 4 Fail - stumbling,bumblung giant!

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

    I have been working at Westpac Banking

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Big 4 in Australia, good for your resume. Pay scale in line with market. Some advantages to having staff benefits.

    Cons

    Highly bureaucratic organisation. Very large boys club from the 60s. Talk the talk of women in leadership however no diversity when it comes to women or minority groups not represented in executive. Highly reactive leadership team who are more managers than leaders. Dehumanizing management style. Accepted bullying culture and lead with threats. Promotions based on who your friends are. Highest first year attrition for a financial services organisation as a result of demotivating leadership team. Short term view with regards to its people, their development and organisation success. Need to be a YES MAN to progress! Senior mananagement are only worried about their next move so no long term visions for business segments.

    Advice to Management

    Don't just listen to what you want to hear. If you want the organsiation to grow listen to the internal complaints and not just what the yes men are telling you - they are as valid as the external complaints. This is an indication of the pulse of your business - you have been flat lining for a while and you don't even know it.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Great culture, lots of support from senior management

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good work life balance, very supportive management. Westpac is a Great company to work for with good resources and also support.

    Cons

    Can be repetitive and also lots of KPI to meet. Can be very demanding at times. Customer don't give you much time to prepare things.

    Advice to Management

    Good work


  6. Infrastructure Project Manager

    Current Employee - Technical Project Manager in Sydney (Australia)
    Current Employee - Technical Project Manager in Sydney (Australia)

    I have been working at Westpac Banking

    Disapproves of CEO
    Disapproves of CEO

    Pros

    Culture and work life balance

    Cons

    Delivery takes time and teams works in silos which make it more difficult to deliver.


  7. Finance Manager

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

    I have been working at Westpac Banking full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    - work live balance & flexibility

    Cons

    - multiple product systems - manual processes


  8. Helpful (4)

    Trying to catch up but falling behind

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

    I have been working at Westpac Banking full-time (More than a year)

    Recommends
    Negative Outlook
    Recommends
    Negative Outlook

    Pros

    Westpac Technology is a huge organisation, with a lot of projects going on, often interesting technology. For someone who wants to do the minimum and coast, its the perfect place. That said, the environment is nice and the people are generally ok.

    Cons

    After being comprehensively beaten by CBA in the technology upgrade game, and with CBA now reaping the rewards, you would think WBG would be turning themselves inside out to catch up? Nope. The new CEO is "customer focused, not technology focused" and while they have replaced most of the executive level Technology management, and reshuffled, the place needs a serious shake out to get rid of the dead wood. Everything is hard to do, and a lot of that is because the "lifers" would rather not do anything. Add to that the dead hand of outsourcing contracts, and you basically have a Titanic heading straight for an iceberg while the technology band plays on..

    Advice to Management

    Get serious about restructuring the organisation and retiring lifers and middle management who dont want to contribute. Put the technology in place to allow projects to succeed. Get managers to engage with their people rather than "managing upwards".


  9. Bank going backwards in time

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

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

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

    Pros

    Competitive salary and banking discounts. Good core values and putting customer first culture.

    Cons

    Archaic IT. The business will never evolve while the core banking platform is on Siebel. You need to invest in one core banking platform that can do all basic banking tasks. The competition is years ahead and this reflects in share price.

    Advice to Management

    The above!


  10. Helpful (1)

    Sales

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

    I worked at Westpac Banking full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good people and was a fun culture. Good team environment and mix of long term employees. Work life balance was good and employees were held to account for outputs and not inputs.

    Cons

    Lack of opportunities for non head office staff, and lack of succession planning. Structural changes occur far too often without enough transparency. Bonuses were awarded based on 'performance' however KPI's were loose and often quiet achievers were not well looked after.

    Advice to Management

    Be more flexible instead of just focusing on the bottom line. It gets harder and harder to motivate people when the messages coming from the top are all about hard times and then the bank reports massive profits.


  11. Silos, a very political organisation with a groupthink mentality, this is the best way because this is how we do it

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

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    large market share, strong balance sheet,

    Cons

    large organisation with often competing objectives, very frustrating to achieve change.

    Advice to Management

    Work cooperatively, listen to core values and live them



Showing 145 of 160 reviews
Reset Filters
RSS Feed </> Embed

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