OneMain Financial reviews

3.1

44% would recommend to a friend

(2,525 total reviews)

Doug Shulman

53% approve of CEO

48% positive business outlook

OneMain Financial has an employee rating of 3.1 out of 5 stars, based on 2,525 company reviews on Glassdoor which indicates that most employees have a good 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
May 3, 2013

Company has some unethical values

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Small, intimate office. I liked the closesness of the offices. Creates a good work environment to work in. Employees really look out for each other.

Cons

Very different from what they told me, gives a lot of run around. They tell you one thing before you start working, then you start working and it's a completely different story. They were hiring for a financial rep, and at first were wanting me to have that title. When the official job offer came, they wanted me to take a lesser position, which I would be doing the same exact work for, but with less pay.

2.0
Jan 21, 2013
Recommend
CEO approval
Business Outlook

Pros

The work is easy, but that's a con in itself because it's mindless and repetitive. You get to work inside.

Cons

Quick summary: mindless work, harassing customers, dm's/managers typically don't care about employees and aren't qualified to actually manage workers, basically no room for advancement, no pay increases, company that won't catch up with the times (don't even have outside email). Where to start. You need a degree for a rep position, but it's completely unnecessary. A monkey could do the work. The work is just taking applications over the phone and in person. If you don't have an application, you are supposed to call people who are late paying or call current and former customers to try to get them to borrow more money - repeatedly. Needless to say, most people don't appreciate constantly getting phone calls, even after telling the company no - but if you stop calling you get in trouble. And you get ridden constantly on your lending and delinquency numbers. District managers don't care. I know of a DM who literally screamed at a coworker in the middle of the office because she took a week off to be with her daughter in the hospital and didn't hit her loan goal because of that. They will move an employees home office without any notice, and they don't care about the distance. And most don't even know how to take a loan application. Managers don't have to do anything except hang around long enough to get their positions - that means they don't have to be intelligent, friendly, qualified to manage others. Being a manager does not mean much though; you do the same work but just have to make sure that 2-4 others do theirs. And even then the pay is not great. Coworkers are alright, but that varies from location to location. In my experience most employees do not like the job at all, but can't find a local job they want to switch to. Sadly, if you're with the company too long you're basically stuck. Career opportunities are basically non existent. You can move from financial rep to manager after 2 years IF another manager leaves (usually at least 8-12 people waiting for that one opening) and managers basically have to wait for a dm to retire to hope to be promoted (again probably 8-12 within any given area just waiting for that one spot to open). No corporate opportunities either. And don't expect a raise - the company eliminated those a year ago, even though current salaries are very mediocre. There are some reward programs if you do enough new money volume for the month, but it's not any amount that's significant. Bosses will tell you if you want a raise, you need to sell ancillary products on top of loans (overpriced, low value term life insurance and auto plans similar to AAA), for which you get an average of $10 for each one sold. Again, nothing significant. Finally, the company is archaic, especially technologically. They only have internal email. There isn't any internet access except for switchboard.com. Not able to process payment by credit or check card. No voicemail, not even any hold music. I'm surprised they don't still make employees use type writers.

Viewing 292 - 294 of 2,525 Reviews

Glassdoor has 2,651 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.