Washington Mutual

  www.wamu.com
  www.wamu.com
There are newer employer reviews for Washington Mutual

 

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)

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

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

353 Other Employee Reviews for Washington Mutual (View Most Recent)

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  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)

    I worked at Washington Mutual

    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

    I worked at Washington Mutual

    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
There are newer employer reviews for Washington Mutual

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