Low salary and hard to go anywhere - Assistant Branch Manager WaFd Bank Employee Review

2.0
Oct 27, 2022
Recommend
CEO approval
Business Outlook

Pros

The clients are great to work with!

Cons

WaFd is one of the lowest paying FIs in Oregon and when you ask for a small increase, the management just laughs and changes the subject. Also, if you want to try to move up in the company, you are required to complete a "checklist". The checklist can take you up to 6 (or more) months to complete and only then do you get the pay increase. You basically have to do all of the work of the new position first, then get the title and pay. And no back pay either. But people can be hired off the street for the full amount of money without having to do the checklist or without having experience.

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WaFd Bank Response
3y
thanks for the post, we are working to invest further into our teams

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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