Banamex Reviews | Glassdoor

Banamex Reviews

Updated August 15, 2017
53 reviews

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3.3
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Manuel Medina-Mora
24 Ratings

53 Employee Reviews

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  1. "Good experience"

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

    I worked at Banamex full-time

    Pros

    Good network and learning experience

    Cons

    Salary, big organization, bureaucracy, might be difficult to grow


  2. Helpful (1)

    "Investigator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook

    I worked at Banamex full-time (Less than a year)

    Pros

    Interesting field
    Benefits
    Nice building
    Farmer's market in the vicinity
    Holiday events
    Hours were great
    Not too big of a company

    Cons

    Unqualified management
    Raises were practically non-existent
    No room for advancement
    Supervisors did minimal amount of work
    No company culture

    Advice to Management

    Stop hiring friends to be managers, bring in people that know the business. Sadly, the company is closing business because of fraudulent activity. It's just sad that the people on the top got to walk away unscathed

  3. "AML Compliance Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in West Hills, CA
    Current Employee - Consultant in West Hills, CA
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Banamex (More than a year)

    Pros

    Worked close to home and enjoyed working with my collegues

    Cons

    The Traffic is just horrible


  4. Helpful (1)

    "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Los Angeles, CA
    Former Employee - Vice President in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nice people (peers); used to be nice offices before the new management came onboard. Use to have a defined business strategy and income. Not any more

    Cons

    Unexperienced Management, few customers, no strategy direction

    Advice to Management

    Change before you loose all your patrons and employees


  5. "Great Place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales in New Orleans, LA
    Former Employee - Sales in New Orleans, LA
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    great work and life balance

    Cons

    company does not hire within making it impossible to move up


  6. Helpful (1)

    "Complete caos and lack of communication"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Salary and benefits are above average

    Cons

    Unclear policies and procedures and awful technology, any single task needs to be done at least twice to complete, either because the system is not working (an every day issue) or because so and so says this process should be done this way, but other manager says the procedure was changed a couple of months ago ("Didnt they tell you??"). Frustration is everyday's bread and people stay there forever (many old schools ruling the place) just because they cannot find something better, but actually feel unhappy with the company. New management has promised improvement in many areas, but this is going on for more than a year and many promises had already been broken.

    Advice to Management

    You spend half of your time in meetings and it's obvious they dont produce results. Please stop arguing and work together to solve all the problems, one at a time, so you can start reporting real accomplishments, not just fairy tales.


  7. "Amazing company to work for."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Manager
    Former Employee - Relationship Manager
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Banamex full-time (More than 5 years)

    Pros

    Great compensation packages and vacations.

    Cons

    Very competitive enviroment but good company

  8. Helpful (3)

    "Great until the consent order. Mayhem began along with harassment."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Century City, CA
    Former Employee - Anonymous Employee in Century City, CA
    Doesn't Recommend
    Negative Outlook

    I worked at Banamex full-time (More than 8 years)

    Pros

    When originally hired on, the environment was interesting; meaning, their was a chance to vibe and tensions were not so high. I was able to interview, and once hired on, I took the initiative to learn everything i could about the financial industry. Reading, asking and involving myself with other departments. Inquiring about databases used, thus giving me the advantage of working efficiently granting me the time to continue my personal education.
    The banks clientele base is from Mexico for the vast part of it, therefore there was that phenomenal hispanic cultural ambience (which nevertheless sometimes had its drawbacks) but overall gave some flavor to the environment, not too bland, at least in most of the banks departments.

    Cons

    Before the consent order

    Times were still hard. Problems with other coworkers would not get addressed properly, regardless of how much you would make a complaint. Some managers lacked the "cajones" to want to address such situations, or even sometimes work. Dominos took up a great part of those individuals agendas, therefore i could see why important matters could be forgotten.

    The departments were atrociously set up, all different types of people did roles that did not pertain to them, nor should it due to conflict of interest in a compliance manner.

    I was fortunate to get promoted throughout my time there, but that is simply because i worked extra extra hard, and somehow made sure they had no reason to deny me a position that i could attain. However, others were not so fortunate. Their was definite favoritism amongst colleagues in other departments, and people who had zero brains, were randomly getting promoted to a managerial role. People who didn't know what their role entailed, and would call other departments and ask them how to do their job. Never understood this, but c'est la vie.

    After the Consent order

    Bank overtaken by an army of Citigroup VPs needing to clean up shop, and rebuild damaged goods. These people were a different beast of ugly.

    Short and sweet: definitely a new air was breathed, at first it seemed safe, then as more and more came, lets just say HR turned the cheek, and others brushed their harassing ways under the rug, and nothing was done. Thought it was a great chance for the bank to get back on its feet, soon after i regretted even saying that aloud.

    Advice to Management

    Stop harassing people, get rid of the new AVP people who are evil and rotten. Lawsuits are a possibility, if that continues.


  9. "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Banamex full-time

    Pros

    great place to learn, opportunities to develop and grow

    Cons

    sometimes the workload is very heavy


  10. "Banamex marketing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Manager in Mexico City (Mexico)
    Current Employee - Marketing Manager in Mexico City (Mexico)

    I have been working at Banamex full-time (More than 8 years)

    Pros

    Largest bank in Mexico. Steady company

    Cons

    Most bureaucratic company in the world

    Advice to Management

    Evolve


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