Pros
Pay is very competitive than most industry standards, location is very clean and newer from most standard offices, and CEO treats employees very well w/ additional bonuses and company pays for advanced education.
Cons
Management: I’ve been at Ally two years and had 5 managers since that time. Managers are former BofA buddies who will know nothing about your role, but seek to enforce suggestions that are not tolerated in industry. There is a STRONG urge of micro-management culture and lack of direction from management. Do not let anyone fool you into believing that Ally is progressive and have competent management. Work-Life Balance: Ally doesn’t allow its employees (salaried) to work from home unless something as serious as a tree has blocked your garage, and even then Ally will ask you to still find a way into the office. Management requires to know your every move from when are you taking lunch to the time you arrive from the restrooms. It’s a very strict and tense culture w/ control from the top weighing down on the individual contributors. HR & Career Advancement: HR comes off as very approachable, but this is a plot in order to get you to believe they have your back. As an internal employee (and others I know), I’ve interviewed for 10 jobs and all were given to external employees or former friends. I was once told I did not receive a role bc I had “Compliance knowledge” of the business, but didn’t have “Risk knowledge”. When I found out who was hired internally the guy didn’t have any experience in Compliance or Risk ever; He was literally “bar buddies” with the hiring manager. HR has to meet a quota and will send you on interviews to fill that quota. HR once told me that inside employees are usually good for one job, so they hire a lot of outside ppl. Other: I am warning you right now! Because it looks progressive from the outside 85% of the employees are miserable in their role and desire to leave. There are more progressive companies in the banking/financial industry who are not hiring management that are incompetent and want to make your life a living hell. Do not take a role at this company unless you are planning to go in with the intention of leaving after a year experience doing a particular role. It’s not the place for longevity and to grow your brand.
