Westpac Banking

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

Westpac Banking Reviews

Updated December 10, 2014
Updated December 10, 2014
94 Reviews
3.6
94 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Westpac Banking Managing Director and CEO Gail P. Kelly
Gail P. Kelly
54 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.  

    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
  2.  

    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
  3.  

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


  5.  

    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
  6.  

    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
  7.  

    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
  8.  

    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
  9.  

    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 (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
  10.  

    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 (less than an 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
  11.  

    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 (more than an 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

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.