Above average benefits, below average job satisfaction - Program Manager Ally Financial Employee Review

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.

Explore other reviews about Ally Financial

5.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

We get to work from home full time.

Cons

We work 2 to 3 Saturdays per month.

1.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

You get a bi-weekly paycheck.

Cons

The culture has tanked under new leadership over the last couple of years. It’s cutthroat, senior management keeps swapping out experienced leaders for their own people, same values, same bottom line only mindset. No one actually knows what they’re doing because everyone’s expected to do everything and own the fallout when it doesn’t work. Decisions get micromanaged or made behind closed doors about your own team, with no input. There’s constant pressure to cut expenses, and the target seems to double every month, at this rate it feels like the end is inevitable. Layoffs happen a few times a year now, two years running, and leadership straight up tells you it’s the new norm, so get used to it. Everyone knows it, everyone talks about it, and everyone’s living in fear. On top of that, you’re expected to work 12 hour days and answer emails on weekends, then get told you’re still not doing enough. It’s demoralizing. This is an awful place to work, and with the job market this bad, people can’t leave even though everyone’s looking. Feels like a sinking ship, and they deserve it for how they treat people.

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