Washington Mutual Software Developer Reviews | Glassdoor

Washington Mutual Software Developer Reviews

4 reviews

Filter

Filter

Software Developer

3.5
Star Star Star Star Star
Recommend to a friend
Approve of CEO
Washington Mutual Chairman & CEO JP Morgan Chase James Dimon
James Dimon
0 Ratings

Employee Reviews

Sort: Popular Rating Date

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
  • Bad industry coupled with bad decisions at the senior level have impacted stock and goodwill among customers and employees (in 6 reviews)

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

More Pros and Cons

  1. "Good gig while it lasted"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer Lead in Seattle, WA
    Former Employee - Software Developer Lead in Seattle, WA
    Recommends
    No opinion of CEO

    Pros

    Good compensation structure, reasonable benefits package, convenient location in the heart of downtown. Interesting work with many smart and enjoyable people.

    Cons

    Overly bureaucratic IT governance, too frequently process rather than results oriented. Cumbersome decision making culture. Largest bank failure in history.

    Advice to Management

    It's probably a little bit late for any advice to senior leadership, unless the advice comes along with a time machine.


  2. "Washington Mutual does not treat low level employees fairly"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer Lead in Seattle, WA
    Current Employee - Software Developer Lead in Seattle, WA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The workload is very reasonable. Most of my co-workers are nice people to be around. The work hours are fairly flexible. There is a push to be green, like having food waste recycling.

    Cons

    The constant threat of being laid-off. The disrespect from Sr. management, who uses lay-off of low level employees as the primary mean to pay for the financial mistakes of upper management. only 2% raises for each of the last 5 years. No work-from-home program for non-managers to cut down on commuting.

    Advice to Management

    Stop laying-off people who do the actual work. Lay-off some of the middle and upper management who have very little employees left to manage. Take responsibility for your mistakes and cut some Sr. managers instead of keep out-sourcing low level employees to save a little money.


  3. Helpful (1)

    "Good culture and people. Senior Management is in denial."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer Senior in Seattle, WA
    Current Employee - Software Developer Senior in Seattle, WA
    Disapproves of CEO

    Pros

    The company culture and people make WaMu a pleasant and interesting place to work. Most people are really trying to do a good job and are constantly trying to deliver the best product/services for the customer.

    Cons

    Current stock situation sucks. Senior management has just traded half of the entire stock holder equity for 7B. There just doesn't seem to be any accountability. Unfortunately, between the layoffs and the uncertaintly surrounding the bank's future, good people are leaving the company left and right.

    On a software development front, banks are not technology companies and are reluctant to adopt the latest and greatest. So if you need to work on the latest and greatest this may not be the place for you.

    Advice to Management

    Be ashamed for your megalomaniacal ways. If your goal was to put the company in position to be purchased, you've succeeded.


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


  5. "Change is good."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer Lead in Seattle, WA
    Current Employee - Software Developer Lead in Seattle, WA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Competitive pay versus the industry standard. Most direct managers are forthright, direct and considerate. In general, peers are easy and pleasant to work with and provide thoughtful ways of addressing challenges.

    Cons

    Executive and Senior leadership have not been far-sighted or prepared. Issues with cross business-line cooperation - things can get very beuracratic and territorial. The pejndulum as it relates to oursourcing versus direct employment is swinging back in a direction where knowledge is getting outsourced. As outsourcing companies experience high turn over there is an element of always having to start from scratch.

    Advice to Management

    Step down and let new leadership take over. The bank has been headed in a downward direction and it is time to get some new insight in how to move this company forward, while still maintaining its integrity as a locally operated institution. Sometimes the best return on investment takes into account more than the bottom line.