Washington Mutual

  www.wamu.com
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344 Employee Reviews (View Most Recent)

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Great company that went under.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Senior Teller  in  Visalia, CA (US)
Former Employee - Senior Teller in Visalia, CA (US)

Pros

Great compensation compared to larger banks.

Cons

Unfortunately it went under however was saved by JP Morgan Chase.

Recommends
Positive Outlook
Approves of CEO

Other reviews for Washington Mutual

  1.  

    Great company---Culture was very good, but failure at senior levels ran the Bank into the ground.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Representative  in  Encinitas, CA (US)
    Former Employee - Financial Representative in Encinitas, CA (US)

    Pros

    Good pay, benefits, culture. Support in-house promotion vs. outside hiring unless. Excellent stock options and benefits made this a good place to work.

    Cons

    Failure to see that risky lending practices and a greed for money took over vs. doing the right thing for the customer and the employees ended in the Bank failing.

    Advice to ManagementAdvice

    I think the Bank could have remained a strong and solid Bank if it wasn't for the loosing of lending guidlines and a "race to the bottom" to approve any and all loan applications. Housing prices, borrow incomes, and FICO scores, are always a snap shot in time---and while that is how all loans are u/w placing more conservative guidelines could have made all the difference!

    Recommends
    Disapproves of CEO
  2.  

    Lot of growth opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Business Banking Specialist
    Former Employee - Business Banking Specialist

    Pros

    They were growing extensively, lot of new product and new market. Employees were recognized for their performance and hard work.

    Cons

    Sometimes there was too much red tape to get things done. There could have been more training in some areas.

    Advice to ManagementAdvice

    The company was bought by Chase and they have changed how the products are offered to different markets, and even the look of the financial centers.

    Recommends
    No opinion of CEO
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