Ally Financial reviews

Management - with 3 managers in 4 years 2 of which were the worst I've come across in 30 years in banking. The best one I had is not the one Ieft under. Overtime, covering for buyers out, having to beg for a 2week vacation, just a few things. Micromanagement, having no work / family balance Was told when hired 1 Saturday a month - had to work 3 Saturdays a month to make my goals barely. Goals set by what Ally thought your dealers should generate never mind competition. Volume was our sole responsibility the outside Sales reps would constantly throw the buyers under the bus if they didn't get the call they wanted and managers would not back up your call. Volume was all that mattered to managers. Risk was not a factor it al comes down to making GOALS. EVERYONE got paid commissions but the buyers

Ally Bank is a small bank, but it's part of a huge financial institution and managed by people who have all worked at much larger banks. So you get the assets and market share of a small bank with the management overhead and process of the largest banks in the world. Seriously, there are far too many chiefs and not enough indians here. Well, that's not entirely true if you work in IT. The whole organizational structure is geared toward CYA. Nobody will ever, ever make a decision on even the most trivial thing without a powerpoint deck, 3 meetings, and an admirable attempt to get somebody else to decide instead. If you have an idea about how to do something better or improve a process, just keep it to yourself. Your opinion is not welcome unless you worked at BofA for your manager 3 years ago. Like many old-school organizations, there's a big emphasis on empire-building. So you meet people who are hired because a manager needed to preserve his/her headcount but for whom there is no actual work. These people either contribute nothing to the success of the company or invent the process and bureaucracy necessary to keep their jobs. Then they get to hire their own staff and the cycle repeats.