Exeter Finance reviews

3.7

61% would recommend to a friend

(422 total reviews)
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Jason Grubb

81% approve of CEO

68% positive business outlook

Exeter Finance has an employee rating of 3.7 out of 5 stars, based on 422 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Exeter Finance 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

422 reviews
1.0
Aug 1, 2018

Nepotism, Favoritism and Lack of direction

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- Professional co-workers trying to do the right thing - Very nice building - Pay is competitive

Cons

Read carefully the nepotism and favoritism reviews; this is a friend and family environment. However, I did not want to emphasize too much on the nepotism area because this is a very well documented area by other reviewers. When people opinions coming from Major corporations like Microsoft does not count you know you have a problem. However, I wanted to list a bunch of other issues: - Too many SVP's that do no talk with each other and instead spend their time in political infighting to keep their salary coming - SVP's and above do not respond to there emails unless someone from the executive suite asks them to accomplish something - Friends and Family get all the promotions or projects - Very low morale because they instead hire from a specific company and there is no room for advancement - They want to do performance reviews before submitting goals - They rather hire an SVP versus hiring an admin or an analyst to accomplish the job mainly seniors and managers are performing analyst and data admin jobs versus implementing projects - PM leads do not share projects and work in secret and when a project fails a non-friend, or non-family member gets the blame for a project plan he never saw. ( Most of the projects are failing) - Very tight click in the upper management - They hire from a specific company to replace all the smart people that build the company - People hired from a particular company have all the privileges than everyone else. However, they are not the most qualified for there jobs. The managers have to educate most of them on basics job duties, and the list goes on. - If you are hired as a manager or a senior be very careful because you will be doing everyone's job Prepare, analyze, review and get blamed when anything goes wrong because VP's and SVP's do not study the work or set any direction they are there to sit in the offices. - Also after every bad review they post a positive one. If you analyze the trend you will find out the answer. The CEO cares about the company and HR is afraid he finds what is really going on.

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Exeter Finance Response
7y
Thanks for your feedback. As Exeter continues to grow, we will be constantly looking for ways to improve in who we are and how we do business. Learning from constructive criticism is one of the best ways to do that. If you would like to help us improve, please contact me at: joinus@exeterfinance.com
1.0
Jan 18, 2018

Upper Management Is Inncompitant and Deceitful

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

When I first started it really was a great company to work for. The clearfield site was ran by two amazing leaders. Carl and Christian were a great example of what a leader should be. They had values, morals and when they said they really cared about their employees, they meant it. They created a positive work environment. They were always walking around encouraging agents and setting them up for success. I really enjoyed my job during this time. They have a handful of managers who really want to see their agents succeed. The perfect example of what a manager should be. They also have more than a handful of deceitful, vindictive and heinous managers. The good news is that if you're a manager looking to get promoted to director all you have to do is be late for work almost everyday, and don't worry, if you're one of those managers who can't be on time (but still holds their agents to those standards) they will change your schedule to accommodate you. What more could you ask for? They do offer good schedules that are permanent. You only have to work one Saturday a month and closed Sundays. Benefits are absolutely horrible and get worse every year.

Cons

When Carl and Christian left is when things took a horrible turn. The new directors are not qualified for their position. They're running the place into the ground. Like I said, it doesn't take to much to get promoted. If you possess these qualitys you're golden! also, if you know one of them outside of work you're a shoo-in! They waste other peoples time with interviews when they already have the person hand picked. As an agent, if you're lucky enough to get promoted to Loss Mitigation the pay is good....but not worth your sanity. As for the ones who get promoted, some of them deserve it and the others are chosen strictly by favoritism. The job is fun and exciting, but it comes at a price. If you like a toxic work environment you won't have a problem. They have a manager training program called a "Role Model" suposedly setting them up for a manager position when one comes available. Well that was the case in the beginning. New upper management has turned that into a joke. They will set you up for failure because they already have the person picked out and back on the phones you go. Their good managers are under paid and treated poorly and the awful ones are rewarded. proceed with caution. Oh and the stats that your'e held accountable for and determins your bonus, they do not accuratly determine if you're a good collector or not. It can sometimes be pure luck. You could sit on your tush all month sometimes and still come out on top, and the ones who really put in the work don't get recognition. Culture and values.... they don't have any.

1.0
Aug 28, 2015

Such a shame

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Fair pay and time off benefits

Cons

It's very difficult to write a review like this about a company I used to love so much. I'm doing this because people should know the truth about a potential employer. The first four years with Exeter were very exciting. We were a family who enjoyed spending 8-10 hours a day with each other, working hard to get the company up and running. We had a leadership team that respected us; we had the kind of talented, respectable, professionals needed to build the business. Mistakes were made, yes...but the absolute ugliness and peculiar behavior of the new administration blows my mind. For example: - Firing/letting people go (without any indication it’s about to happen) - Laying off employees while they are on vacation. Their direct reports only finding out through organizational announcements - Walking some employees who give two weeks notice, but not others - HR walks the floor you work on looking for you. Everyone notices… then they call you into an office to let you go. This should be handled with more sensitivity and respect. How about on the first floor, where HR offices are actually located. - Don’t shred anything, they search the shred bins for any and everything - Security constantly walks the floor and stands in the lobby, makes you wonder what they are so afraid of, should I be concerned too? - Major changes made on the fly, then working backward to correct problems caused by knee jerk reactions (including needing to re-hire someone because they didn’t really know what they did to begin with, and that they were integral to the business). - Do not ever leave your drawers unlocked; they check them on a regular basis to make sure they are locked…or else! - An EVP actually told me that it’s not about the people, it’s about the positions…. really? It should always be about the people. If you don’t see this the company will NOT survive - You will notice the few good reviews on Glassdoor are in direct contrast to the majority. That’s because HR can’t get anyone hired, so they told management they needed to jump in and post some positive reviews. How about you do the right thing by your employees so they want to stick around. I could go on and on, but you get the general idea. Stay away until this place is under new management…. if the company survives this.

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Glassdoor has 439 Exeter Finance reviews submitted anonymously by Exeter Finance employees. Read employee reviews and ratings on Glassdoor to decide if Exeter Finance is right for you.