Ally Financial reviews

3.7

68% would recommend to a friend

(2,387 total reviews)
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Michael Rhodes

60% approve of CEO

54% positive business outlook

Ally Financial has an employee rating of 3.7 out of 5 stars, based on 2,387 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Ally Financial employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

2K reviews
2.0
Apr 11, 2012
Recommend
CEO approval
Business Outlook

Pros

Strong brand recognition, great benefits and highly competent upper management.

Cons

Slow to respond to both its employees and the market. Products out of step with today trends. Its middle managers have very poor people skills and zero empathy for its rank and file. It fosters an environment of mistrust and fear among its team members, who learn quickly to keep their head down and agree blindly with everything. Very old school.

2.0
Apr 9, 2012
Recommend
CEO approval
Business Outlook

Pros

There is TONS of work to do - you won't be bored. Free Parking. Benefits. 20 PTO days per year. Nice people. New building. Free coffee/tea.

Cons

50+ hours per week expected in my department. Some departments require overtime to be worked at the office, even though they provide laptops so you CAN work from home. Most processes are overly complicated. Management sets deadlines that are much too short and are unrealistic. For example, an email may be sent out at 10pm at night, requesting an answer by 9am the next day when many hours of work are needed to complete the request.

2.0
Apr 7, 2012
Recommend
CEO approval
Business Outlook

Pros

Compensation is above average for the Detroit area, and benefits are in line with other financial services companies. Automotive financing unit is strong, which lends a modicum of stability to the company. Most managers understand the need for work/life balance.

Cons

Senior management continues to hold on to the Mortgage business unit, despite many opportunities to dispose of it over the last 4 years. This is the albatross around the company's neck, and continues to lead to sever budget issues, and yearly Reduction In Force initiatives. 10Q's continue to degrade and don't look to be turning around any time soon. Overly heavy process - creating a Statement of Work for a project can take 6 months due to the bureaucracy and process (inherited from GM!). Very litte IT innovation due to this. The job is more of a case where you need to learn the heavy process and follow it to a "T". Look elsewhere if you want to be involved in cutting edge technology. Look here if you want to be a process guru. Above a certain level (say 2C or so), employees are lifers. This is a glass ceiling that is very difficult to punch through if you are a career ladder climber. Kiss the right butt and you might get lucky. Almost all leadership roles (maye 90%) are filled by ex-Bank of America employees. Don't have BoA on your resume? Forget about it, then.

Viewing 2263 - 2265 of 2,387 Reviews

Glassdoor has 2,713 Ally Financial reviews submitted anonymously by Ally Financial employees. Read employee reviews and ratings on Glassdoor to decide if Ally Financial is right for you.