OneMain Financial reviews

3.0

42% would recommend to a friend

(2,525 total reviews)

Doug Shulman

51% approve of CEO

46% positive business outlook

OneMain Financial has an employee rating of 3.0 out of 5 stars, based on 2,525 company reviews on Glassdoor which indicates that most employees have an average working experience there. The OneMain 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

3K reviews
1.0
Nov 8, 2018
Recommend
CEO approval
Business Outlook

Pros

Hard to find any positives in comparison to what else is out there-

Cons

Company really gives way too much power to the local offices in regards to loan decisions- there is a lot of unfair practices, discrimination and inconsistencies that happen on a regular basis. Pretty scary that even now people are still being treated unfairly and only offered less favorable terms to make it harder to qualify or qualify for way less than their counterparts- Work life balance here is a myth- pressure to collect on delinquent accounts -plan on even less balance and last minute weekends!

avatar
OneMain Financial Response
7y
Thank you for bringing this to our attention. We are committed to responsible lending and would like to know more, so we encourage you to contact the Ethics Hotline to provide details. You may also provide information to hrsocialmedia@omf.com which will be shared with appropriate individuals. – M.S.
1.0
Sep 29, 2018

Horrible upper management.

Recommend
CEO approval
Business Outlook

Pros

Fast paced. Decent wages. Pay for performance

Cons

Upper mgmt consistently asked for honest feedback and ideas but punished you if you didn't parrot the current directives. Ran off or demoted a lot of experienced operators in favor of low paid drones who can't think of solutions

avatar
OneMain Financial Response
7y
Thank you for bringing this to our attention. We are committed to responsible lending and would like to know more, so we encourage you to contact the Ethics Hotline to provide details. You may also provide information to hrsocialmedia@omf.com which will be shared with appropriate individuals. – M.S.
1.0
Sep 7, 2018

Pays Well But Not Worth It

Recommend
CEO approval
Business Outlook

Pros

They pay a very competitive wage when including potential bonus and commissions, especially at the Branch Manager Level.

Cons

Everything else. High pressure sales environment. High pressure collections. They pretend you shouldn't pressure the customer into insurance sales in addition the the loan products,, but that is what was actually expected. Every day is a new day, every month is a new month. It doesn't matter how well today went, when you walk in the door the following day you are back to zero and have to do it all over again. And if you don't, you are harped on repeatedly. Finish with a great month? Well on the 1st of the following month the counter resets to zero and you have to do it all over again or you are barked at repeatedly. Nothing is ever good enough, they are always pointing out your deficiencies to offset any positive results you may have achieved. To make matters worse, the system never works. Literally daily. Whether it be the intranet, the customer account system, email, phones, etc. Something ALWAYS didn't work. And at the worst time. High pressure collections at month end - not a big deal if our phones quit working for half the day. Bonus is tied to collections and loan performance, so when you can't perform either one of those activities effectively it affects your pay. Changes were also a constant. It was under the guise they were trying to improve the system/processes, but after any system update either 1) the update didn't work right, 2) the update caused some other function not to work right, or most frequently 3) both 1 and 2 occurred simultaneously. It was near impossible to stay up to date on current policies and procedures as they would change daily, and often times different departments would operate under different sets of guidelines. Making navigating your day in and day out activities a challenge because at any point you could be told you were doing something wrong, when the change was never actually communicated to you. Terrible work life balance. As a manager you were expected to essentially live there.

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OneMain Financial Response
7y
We appreciate your feedback. We continuously look at staffing models to evaluate if we have the right number of employees in every department. At times, the amount of work can flex due to projects or unexpected situations. We encourage open communication between team members and their direct managers to gauge strengths and opportunities for team growth and development. Work life balance is also important to us. As this is personal for each individual, we encourage our team members to discuss their concerns with their direct managers or HR Business Partner. – M.S.
Viewing 79 - 81 of 2,525 Reviews

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