Washington Mutual Reviews in Seattle, WA | Glassdoor

Washington Mutual Seattle Reviews

163 reviews

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Seattle, WA

3.3
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Washington Mutual Chairman & CEO JP Morgan Chase James Dimon
James Dimon
20 Ratings

163 Employee Reviews

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Pros
  • It had great benefits and recognition program that made the employees feel valued (in 17 reviews)

  • Stimulating environment, good pay, and great benefits (in 13 reviews)

Cons
  • Competitive, subprime lending downfall for the company (in 10 reviews)

  • poor business practices that led to company being seized by the FDIC (in 9 reviews)

More Pros and Cons

  1. "Data Center Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Seattle, WA
    Former Employee - Anonymous Employee in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    I really enjoyed working at this company due to the company culture. The company had great benefits and incentives for employee retention.

    Cons

    Unfortunately the company was seized by the government and sold to JP Morgan Chase. This led to stocks reaching zero value due to the government intervention


  2. "Poster Child for the Great Recession"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - HRIS Analyst III in Seattle, WA
    Former Employee - HRIS Analyst III in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    My team was cohesive and filled with good people, for the most part. Business partners were engaged and collaborated as equals.

    Cons

    If you're looking to work for this company, I have some bad news for you... Thanks to unscrupulous lending practices, WaMu is no more.

    Advice to Management

    Think about what your company stands for. WaMu was founded in order to help rebuild after the Great Seattle Fire of 1889. In the end it was destroyed by avarice and short-term thinking.

  3. "Online banking Specialist"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Seattle, WA
    Former Employee - Anonymous Employee in Seattle, WA

    I worked at Washington Mutual (Less than a year)

    Pros

    good pay and amazing people

    Cons

    its gone and that is sad

    Advice to Management

    wish they wouldn't have lost it al


  4. "The Past Is The Past"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Consultant in Seattle, WA
    Former Employee - Loan Consultant in Seattle, WA
    No opinion of CEO

    Pros

    The people that worked there were the best! The experience was enlightening and I am glad it was part of my tenure.

    Cons

    Management knew only one thing and that was make money at all costs, which eventually, lead to their own implosion. In spite of tremendous "in-the-door" volume, the compensation plan was diminished at best and completely geared toward 'Super-Producers'. No front or back-end points. I made more once I left to become a Mortgage Banker.

    Advice to Management

    It was fun while it lasted. Thanks for the good times. Standing on the stage with like-minded producing peers was definitely rewarding. It meant a lot to me.


  5. "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Lead Analyst in Seattle, WA
    Former Employee - Lead Analyst in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Washington Mutual (More than 5 years)

    Pros

    It was a good company. When JP Morgan took over, the benefits were even better. It was easy to get more education and raises were fair.

    Cons

    Moving around the company was very difficult.

    Advice to Management

    Wish you here


  6. "Doesn't exist anymore - good company while it lasted"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Seattle, WA
    Former Employee - Anonymous Employee in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Laid back - easy to work for

    Cons

    Decided to outsource to India. That caused them to fail


  7. "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Group Product Manager in Seattle, WA
    Former Employee - Group Product Manager in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    I enjoyed working there for 10 years.

    Cons

    It went out of business.

    Advice to Management

    Don't go out of buisness

  8. "First Vice President Markeitng"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - First Vice President in Seattle, WA
    Former Employee - First Vice President in Seattle, WA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Washington Mutual full-time (More than 3 years)

    Pros

    Fun culture. Growth culture. Supportive executive management in the Mortgage Division.

    Cons

    Many mergers and reorganizations made it challenging to motivate people and keep everyone going all of the time.


  9. "Excellent Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President/Manager of Organizational Excellence in Seattle, WA
    Former Employee - Vice President/Manager of Organizational Excellence in Seattle, WA
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Washington Mutual full-time (More than 3 years)

    Pros

    Great people, true team environment, challenging work, fair compensation, perfect work/life balance. Lots of opportunity with the ability and encouragement to "train up".

    Cons

    I, personally, saw no down side. Without a doubt the best place I have ever worked. Unfortunately, they were victim of the economic collapse between 2007 and 2010, otherwise I'd still be there!

    Advice to Management

    Great Management. Knowledgeable, open and engaged.


  10. "Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Seattle, WA
    Former Employee - Project Manager in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    close to home, liked co-workers

    Cons

    political, managers who climbed ladder but are not good leaders


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