GMAC Review - Portfolio Manager Ally Financial Employee Review

2.0
Jul 22, 2008
Recommend
CEO approval
Business Outlook

Pros

Great coworkers, very hardworking and great mentors. Management / Executive pay is staggering compared to those below.

Cons

Limited opportunity within the company as well as the shrinking automotive finance market. GMAC is owned by Cerberus who eventually will sell the company once it turns it around, at that point look for more layoffs. Upper management has been stuck in their ways for years, and refused to change the company to compete with the market. Talent retention is a key failure at this company as everyone who works there is either new (0-2 years) or old (20 + years). Those in the middle were either fired, quit, or downsized which could create a large problem within the company in a few years.

Explore other reviews about Ally Financial

5.0
Jul 5, 2026
Recommend
CEO approval
Business Outlook

Pros

Great culture, good compensation and benefits. Excellent management team, very supportive and interactive with the team.

Cons

Onboarding was a challenge due to IT’s lack of clear direction. The loan origination system crashes a lot.

2.0
Jun 30, 2026
Recommend
CEO approval
Business Outlook

Pros

Hybrid schedule is reasonable, with only three days a week required in office. Benefits are decent and we have a fairly new office building is a nice.

Cons

Don’t be fooled by Glassdoor’s rating. It likely reflects the old Ally, not the company it is today. Ally used to be a great place to work, with strong culture, meaningful work, and real innovation. They used to pride themselves on culture, and now it’s the worst I’ve seen it. There have been significant leadership changes, with many of the leaders who made Ally great shown the door. Round after round of layoffs has everyone whispering about who’s next, and the people who remain here are stuck cycling through failed re-orgs meant to “fix” the department. It’s gotten bad enough that I know people actively hoping to get cut just to walk away with severance. If it doesn’t get better soon, I might be hoping to be let go myself. I can’t recommend it the way I once would have.

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