Low compensation. Too Corporate. High turn over. - Anonymous employee WaFd Bank Employee Review

2.0
Mar 17, 2013
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good benefits package including 401k. Good place to get trained at and move on to a better paying bank. Not much room to advance.

Cons

Poor salary. A lot of turn over, always short staffed. Upper management seems very stressed and disorganized. Too many responsibilities without the proper pay.

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5.0
Mar 18, 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The leadership at all levels is outstanding

Cons

No cons in the bank

2.0
May 28, 2026
Recommend
CEO approval
Business outlook

Pros

Primarily remote work. Decent PTO after the 4th year.

Cons

Limited staffing and limiting overtime opportunities until the bitter end of potentially missing deadlines, which you are guilted into working. 2% "raise" every January and ZERO merit raises. Gutted profit sharing and profitability bonuses over time. Most recent bonus, which is tied to net profit after dividends, was given a result when the scale was never published. All previous bonuses had a floor-to-ceiling profit scale that showed the targets months in advance of the end of the bonus period.

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