Company: J-P-Morgan
Date: 2008-10-28
Overall rating: 4/5
Employment status: current

WaMu values will be missed.
Pros: It was a great company to work for, if you show great results, expect to be recognized and to be promoted. Their 401k plan, sick time and vacation time is very generous.  Also, compensation package is your salary plus a monthly incentive based on your sales and your service.  You can make your own paycheck.  WaMu also has a great recognition program once a year where they send you on a 4 or 5 day trip to Hawaii or any other part of the country where they are hosting it with a guest.  They also have great perks such as cellphone discoutnts, etc.
Cons: Unfortunately WaMu made very bad lending decisions which led to its failure leaving employees with the morale on the floor.  Right now, their underwriting guidelines have made it pretty much impossible to lend to anyone.  Obviously it is all accross the industry but unfortunately employees, especially the banking loan consultants are paying the consequences of these bad decisions made in the past.  Also, they push different things at the same time.  Their product focus is different every month as well as other taks, such as cross sell ratio and offers a teller should make.  Sometimes this can be very overwhelming.