Hard work pays off! - Branch Manager WaFd Bank Employee Review

4.0
Apr 6, 2014
Recommend
CEO approval
Business Outlook

Pros

I like working for a company that values hard work and dedication. The benefits are some of the best in the market. The 401K is a major bonus. The company is very generous in profit sharing. I've made money moves in the past and while the immediate benefit was great, it didn't last (neither did the financial institution). Senior Managment leads by example. Great company to work and grow with.

Cons

The bonus compensation should be more closely tied to the profitability of each individual cost center. While the current program aims at keeping every employee working towards the same goal, there should be added incentives for branches/departments that hit more targets (efficiency ratios, etc.).

Explore other reviews about WaFd Bank

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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