OneMain Financial reviews

3.0

42% would recommend to a friend

(2,523 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 2,523 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
2.0
Apr 16, 2017
Recommend
CEO approval
Business Outlook

Pros

Good pay and vacation time - that is pretty much it.

Cons

As several others have said after the OneMain Springleaf merger it has gone down hill. Took away bonuses by keeping targets the same as when they were a small company. More locations = less business for each, not that hard to understand. Horrible health insurance. Long hours. Horrible system, they are slowly working to improve.

1.0
Jul 6, 2023
Recommend
CEO approval
Business Outlook

Pros

Good benefits , work- life balance , and I guess you can count rapid advancement because of turnover

Cons

Lack of bonus payout / low base pay for while upper management executives continue to get paid millions. The company routinely boats healthy quarterly profits while not paying hard working employees a living wage. Sad to say, several of my team members work a second job to make ends meet……This use to be great company to work for, but corporate mentality changed from taking care of the employees they in turn will take care of your customer to : only care about shareholders and profits. Your bonus monthly is solely dependent on you collecting payments from customers with poor credit. Around the time covid hit a lot of customers started to default and as a result the bonuses dried up. This wouldn’t be an issue if the base pay was fair but it’s not you can’t live on that alone. Upper management routinely cascades the message down to recruiting that a lot of team members make up pay with our very lucrative bonus structure. Not true anymore. The company is hemorrhaging seasoned team members and can’t seem to figure out why ? It’s the pay or lack there of that couples with the sense that corporate officers could truly care less about their workers on the front line. I think I speak for everyone at the company when I say year end raises at .10 to .40 cents / hr is just insulting.

avatar
OneMain Financial Response
2y
Thanks for your candid review. We are sorry to hear your frustrations regarding pay. Our compensation and benefits package are evaluated and guided by a set of company principles that are regularly reviewed. Specifically, as part of our evaluation process our pay and salary ranges are informed and adjusted based on industry standards, general pay practices, and geography. Please consider taking the time to talk with your HRBP about your concerns. - ck
2.0
Nov 7, 2021
Recommend
CEO approval
Business Outlook

Pros

-Time Off with Personal, sick & vacation time. -30/45/1 hr lunch depending on how your office schedules it -Incentive lunches (If you hit a target for the day) -Bonus structure for the commission

Cons

-District manager micro managing -Unprofessional / immature branch managers -Managers that don't know how to lead / motivate properly -You have to pay partially for benefits (I paid half for an HMO as the company only pays half) -Work/social life balance is terrible (Working saturdays) -Unobtainable goals -Terrible commission for selling life / disability insurance -Forcing of selling non-credit products and having intangible goals for them. -Selling a 35% apr on mostly all loans due to customers having bad credit. -Soliciting the same list every month -Collection calls

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OneMain Financial Response
4y
We wish you success in your next venture. Please provide details to hrsocialmedia@omf.com for review if you wish to discuss further. -AS
Viewing 13 - 15 of 2,523 Reviews

Glassdoor has 2,648 OneMain Financial reviews submitted anonymously by OneMain Financial employees. Read employee reviews and ratings on Glassdoor to decide if OneMain Financial is right for you.