WaFd Bank reviews

3.3

49% would recommend to a friend

(644 total reviews)
avatar

Brent Beardall

63% approve of CEO

41% positive business outlook

WaFd Bank has an employee rating of 3.3 out of 5 stars, based on 644 company reviews on Glassdoor which indicates that most employees have a good working experience there. The WaFd Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

644 reviews
2.0
Jan 15, 2021

Poor Compensation

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

remote work, great work/life balance

Cons

employees are underpaid and overworked

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WaFd Bank Response
5y
I agree our employees are our greatest asset and we are working hard to get the right compensation mix. Thank you for your contributions to WaFd and I am going to work hard to change your opinion
1.0
Nov 4, 2020
Recommend
CEO approval
Business Outlook

Pros

A great place to retire as you will never be terminated for completing the bare minimum responsibilities for your role.

Cons

-Pay structure -Hostile and toxic work environment -Cliques -Politics -Lack of career growth for hardworking individuals -Unabashed favoritism

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WaFd Bank Response
5y
Thank you for your post, we do our best to listen and make appropriate changes but clearly from your input we have work to do. We wish you the best moving forward.
3.0
Sep 28, 2020
Recommend
CEO approval
Business Outlook

Pros

People: There are some genuinely good people that work in the corporate Seattle HQ. The relationships with coworkers were by far the best part of the company. Investment in tech: There has been a savvy ongoing investment in technology to try and advance the bank but it was so stuck in the past (no laptops until 2019, outdated software etc.) that there's still a ways to go. Retirement: If you're with the bank long term, the retirement plan and matching benefits are quite good.

Cons

Pay: Base pay is near laughably low for corporate jobs and unfortunately the bonuses don't make up for them. They're based on a % of your net income (not pre tax) and tiered to higher percentages for upper management where I also suspect there is a bit of a wage gap compared to associate/middle manager levels which creates some naivety on to what employees actually take home. Career: Opportunities for advancement and promotions are hit and miss but are ultimately not considered unless someone has to been a loyal WaFd'er for 8-10 years. Nothing wrong with it, just know it's a real old school traditional bank in how they view and value employee loyalty despite not necessarily returning it. Siloed Departments: Departments within corporate don't really speak or even work all that much together.

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WaFd Bank Response
5y
thank you for your post and agree that investing in our teams is key. Hopefully you have seen we have been doing that and will continue to. Ultimately our the talent and dedication of our people is what differentiates us. Wish you all the best.
Viewing 88 - 90 of 644 Reviews

Glassdoor has 658 WaFd Bank reviews submitted anonymously by WaFd Bank employees. Read employee reviews and ratings on Glassdoor to decide if WaFd Bank is right for you.