There are newer employer reviews for Washington Mutual

 

It's about leadership

  • Comp & Benefits
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
Former Employee - Vice President in Seattle, WA (US)
Former Employee - Vice President in Seattle, WA (US)

I worked at Washington Mutual full-time (more than 10 years)

Pros

The vision was exciting at first and I was proud to be a part of WaMu. I was able to do some of my best work, with some very creative and bright people.

Cons

Leadership--and by that I mean the C suite--got caught up in ego gratification and hubris. For the three to four years before the company went under it was all about the numbers.

Advice to ManagementAdvice

Learn from your mistakes and surround yourself with people who tell you the truth ... and then resist the urge to run them off if you don't like what you're hearing.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

352 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
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