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Salary at Westpac
- Average rating for Salary, based on 72 reviews7.5 / 10
What are your thoughts on pay and bonuses at your company?
No bonus for graduates. However all staff get $1000 in shares
pay is definitely competitive. very happy in that regard
There is a salary cap for graduates. The regular salary increase per year is on par with other banks. You can get $1000 worth of Westpac shares if you stay for a year. A bonus is based on your behavior not really performance, and it isn't much. There is a pool of funds for bonuses and the top performers get the largest percentage.
Base salary is average; bonus structure is decent
The pay at Westpac is competitive when compared to other graduate programs.
Good for a graduate starting salary, but I think there should be greater scope to differentiate yourself.
Annual leave loading is good. Negative leave is good. As a grad, I can't speak for bonuses
Relative to other IT grad roles are competitor companies, our pay is fine.
Pay is quite reasonable; I think lower bonuses could be made more accessible to incentivised staff to reach for the higher bonuses. There should also be bonuses that reward staff for behavioral goals being reached.
Salary is ok, but disappointing that grads don't receive even a small bonus when we are performance reviewed and do real work for the company.
Entry level, Sydney
Pay progresses with your career. Bonuses annually.
Pay is standard market rate, no bonuses for graduates
I am aware that other graduate programs across the IT Industry may provide larger pay packages, however, Westpac's graduate package is in line with the other 3 Big banks of Australia.
Seems to be in line, if not more, than the market for a person in my position (although I have nothing to compare it to).
What are your company's best or most unusual perks? For example: free tickets, free dinners, moving expenses, taxis, pension, etc.
they offer a lot of items at discounted rates through supplier agreements. they also offer bank products at discounted rates which is absolutely awesome
The employee perks are not very good or even real perks, better off finding the best deal at other banks. Things like no fees on bank accounts are almost standard now. 0.2% extra interest is sad. Generally, more expensive than other banks so the perks don't even offset that. We do have drinks; half the time they are "self-funded" though. Other events happen like the Christmas party which Westpac pays for.
discount on a range of banking and personal purchases
employee discounts on banking products
The best perks are flexible hours.
Benefits including banking and super products, flight discounts, insurance etc.
Entry level, Sydney
All the Westpac employee benefits are really cool.
no fee Westpac/amex black card - extra points
Discounts for online shopping/ gym. Discounts on tickets to shows.
Free meals here and there, employee benefits and discounts
opportunities to attend sponsored sporting events regularly.
Generous relocation package. Good online shopping benefits and ok benefits on banking products.
Entry level, Sydney
Company discounts at several retail stores. Some slight discounts with bank fees and interest charges
my Benefits website where deals with a multitude of vendors are provided and regularly updated
The discounts on banking products are great, can save some good money from these!