Ally Financial reviews

3.7

69% would recommend to a friend

(2,383 total reviews)
avatar

Michael Rhodes

60% approve of CEO

55% positive business outlook

Ally Financial has an employee rating of 3.7 out of 5 stars, based on 2,383 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
Sep 28, 2010

No Opportunity Combined With Unrewarding Work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Compensation is just good enough to stay. 401K match is excellent and HSA program is good. The people are friendly. Overall benefit package is good. Offices are generally located in places employees would like to live.

Cons

The is absolutely no career advancement. Historically, employees had many different career opportunities. Now, employees are pigeon-holed into one job and will remain there forever. There is constant restucturing (you can count on one at least every year). The workload is incredible without any thanks from management. Salaried employees aren't asked to put in extra hours, it is demanded from them. The work is not satisfying and the systems are antiquated. 80% of an employees time is spent on administrative tasks regardless of job description. Senior leadership has a mindset that all good ideas come from Detroit. No one is empowered to make a decision.

2.0
Jun 24, 2010
Recommend
CEO approval
Business Outlook

Pros

The PTO time is good, the benefits are good, and the 401k match is phenomenial--they match 100% up to 6% of your salary. You have to work here a year before you are eligible to enroll, but then you are vested immediately, which is very nice. They usually let you leave early before major holidays, and Friday's are pretty casual. Most of my peers are nice, smart people that you can learn from--I wish the same could be said for management!

Cons

ahh, the downside to working here. Let's see--zero work-life balance if you work in Finance. Basically, if there is a presentation due on a certain day, be prepared to work day and night to get it done. It's horrible to work here during Business Plan--for about three months straight you work 50-80 hours a week and no one ever says thank you. They have not given raises since 2008...and none are expected for 2011 either---so that is 3 years without a raise. So what is the reward for working long hours, busting butt, and doing well? Management has told me "you get to keep your job." What an awful thing to say to someone who is reliable, hard working, and smart. Also, it's not what you know, it's who you know. If you kiss the right butt and ride on the right coat tails, you're golden, regardless of skill set/knoweldge/intelligence. Working smarter and more efficiently is actually discouraged my upper management. Their mentality is pretty much "don't ask questions, just do what I say." That is not the type of environment where people learn, thrive, and grow.

4.0
Jan 24, 2010

GMAC

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good career start. In-depth training provided. Lot's of communication all around the globe with colleagues. Opportunities to be heard by senior management. People are generally open and eager to assist.

Cons

Poor benefits package. Lack of information about what is actually happening in the company, especially in today's tough times. Commitment is not necessarily praised.

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Glassdoor has 2,708 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.