Arvest Bank Reviews | Glassdoor

Arvest Bank Reviews

Updated September 19, 2018
274 reviews

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3.7
StarStarStarStarStar
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Approve of CEO
Arvest Bank Chairman and CEO, Arvest Holdings and Arvest Bank Jim C. Walton
Jim C. Walton
154 Ratings

274 Employee Reviews

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Pros
  • "Profit sharing bonuses - Usually a large payout once per year" (in 33 reviews)

  • "Great benefits, good insurnace, awesome paid time off and profit sharing bonus" (in 24 reviews)

Cons
  • "Low pay for front line management vs other banks" (in 21 reviews)

  • "There is no work life balance in the position" (in 5 reviews)

More Pros and Cons

  1. "Great company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Analyst in Bentonville, AR
    Current Employee - Credit Analyst in Bentonville, AR
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Arvest Bank full-time (More than a year)

    Pros

    Autonomy, 401K match, profit sharing bonus, competitive pay for the industry

    Cons

    Outdated technology can cause for lack of efficiency


  2. "Quality Control Anylist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great culture. Good management.

    Cons

    Limited grouth opportunities after grade 13

  3. "Good company poor management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bank Teller
    Former Employee - Bank Teller
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Arvest Bank full-time (More than 3 years)

    Pros

    Great benefits, good insurnace, awesome paid time off and profit sharing bonus

    Cons

    Poor management, promised room for growth but hard to move up, low pay compared to other banks in the area.


  4. "Loan Assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Officer Assistant in Shawnee, OK
    Current Employee - Loan Officer Assistant in Shawnee, OK
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Arvest Bank full-time (More than 5 years)

    Pros

    Very fair in their dealings with employees; the PTO accrued weekly that can be used for any purpose is easy to track yourself and very convenient for vacations, sick days,

    Cons

    Could pay a little more; the loan assistant job can be extremely stressful, more than what the job pays.

    Advice to Management

    Maybe a bit more money and do more to relieve excess stress that sometimes has to be dealt with.


  5. "Teller"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Teller in Joplin, MO
    Former Employee - Teller in Joplin, MO
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Arvest Bank full-time (More than a year)

    Pros

    Benefits are good, but a little high. President of the region seemed to know almost everyone's name and was very friendly and down to Earth.

    Cons

    Hard to use vacation time or sick time when no floaters are available. Not much room for career growth and advancement. Seems some branches get the short end of the stick .


  6. Helpful (1)

    "Financial Sales Representative"

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

    I have been working at Arvest Bank full-time

    Pros

    Good PTO, garanteed vacation every year because they require everyone to take 9 calendar days where they don’t come to work. Good work life balance. Managers actually care.

    Cons

    Branches are beginning to all be short staffed because they want to work with less tellers. If you are applying for this position, be aware that the training for new systems is horrible. We got 2 new systems at the same time this year and we’re given almost no training before they went live at the branches, and we were expected to be able to use them right away.


  7. "Family Bank-Not technology rich"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Commercial Account Manager
    Former Employee - Commercial Account Manager
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Arvest Bank full-time (More than a year)

    Pros

    Friendly atmosphere, business casual most of the time.

    Cons

    Average to slightly below market pay and behind the curve on technology. Financial results at the business unit level were a bit of a mystery as to how the numbers were derived.

    Advice to Management

    More transparancy. Upgrade tech.

  8. "FSR"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Arvest Bank full-time

    Pros

    Benefits are really good. Pto is good.

    Cons

    The pay could be a little better.


  9. "Great Culture, Decent Pay, Profit-Sharing, Excellent Healthcare"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Teller in Norman, OK
    Current Employee - Senior Teller in Norman, OK
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Arvest Bank full-time (Less than a year)

    Pros

    Great Healthcare - United Health. Excellent workplace culture; this place becomes your family. Tedious and lax training process, especially for those coming in with no prior banking past, and there's continued education. If you can stick with customer service, regardless of the department you're in and stay positive, anyone can handle this atmosphere.

    Cons

    Constant cameras on you, tedious evaluations, customer service, lower than average pay than competing employers.

    Advice to Management

    Consider overall pay raises throughout the company, get rid of favorites or poor people in leadership positions, and find better ways to train newbies. Thanks.


  10. Helpful (1)

    "Good People, Lowest Pay In the Area"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Mostly relaxed atmosphere on the surface.
    Sell PTO for cash.

    Cons

    Policies and procedures are super outdated, along with the technology. You’ll be dealing with some equipment that was outdated before Y2K, adding stress to an already tedious job.

    Favoritism is a big factor in advancement: Drink the Kool-Aid or struggle. That’s it. Fluctuating staff levels due to the lowest pay in banking (turn-over is high) compared to other institutions (really do your homework, every other bank and credit union WILL pay more) and don’t count on a work/life balance. Incentive pay is hyped up bigger than it is (pennies NOT dollars in your pocket). Shaky ground and no consistency in policy and procedures and constant rule changes with no warning beforehand.

    It’s all an attractive dessert until you notice the maggots on the back of the table. Everything is hyped up in a very bait and switch way in the interviews with no truth as to how little of a work-life balance you will have compared to other institutions. You will be run around to the point of exhaustion for a paycheck that is much much bigger elsewhere with another institution. Know your worth: Banking and poverty ARE mutually exclusive, especially for those WITHIN the bank family itself, not its customers.

    Advice to Management

    Don’t take on another bank when your equipment and procedures are even more dated than the smaller fish you gobbled up. Staff your branches properly and don’t stress out the people who are there by doubling up duties and tasks. Don’t bait and switch in the interview process in such a big way that is debatable by even BBB standards as a scam.


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