Bankrate Reviews

Updated August 8, 2014
Updated August 8, 2014
24 Reviews

3.0
24 Reviews
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Bankrate President & CEO Kenneth S. Esterow
Kenneth S. Esterow
2 Ratings

4 Employee Reviews Back to all reviews

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  1.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director  in  Palm Beach, FL
    Former Employee - Director in Palm Beach, FL

    I worked at Bankrate full-time for more than a year

    Pros

    Convergence of diverse technology stacks.

    Cons

    No cons in my tenure with BankRate

  2.  

    Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Manager  in  North Palm Beach, FL
    Former Employee - Software Manager in North Palm Beach, FL

    I worked at Bankrate as a contractor for less than a year

    Pros

    Benefits are good, most employees are very friendly. Good management staff. Hours are good for developers.

    Cons

    Infrastructure is overly complicated for what they do. Growth seems pretty limited, development environment suppresses creativity at times.

    Advice to ManagementAdvice

    Keep treating people well.

    Recommends
  3. 5 people found this helpful  

    Change is not always good or bad, just different.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Denver, CO
    Current Employee - Anonymous Employee in Denver, CO

    I have been working at Bankrate

    Pros

    -Good career opportunities exist for those who care about their jobs and perform well.

    -People who do not care about their jobs, typically do not last long.

    -Industry Leader
    -Good Benefits
    -Location downtown is superb
    -Free coffee, soda, snacks, catered food on occasion
    -Young professionals make the culture much more enjoyable
    -Company always advertises new positions internally and does look to promote within whenever possible.

    Cons

    Bankrate is extremely corporate, and as a result things tend to move at an excruciatingly slow pace. Everything from a new entry level hire, to when you can use the restroom, seems to have to be approved by Bankrate corporate, which is an excruciating process in and of itself.

    There appears to be a duplication of efforts between the executive team that was put into place by Bankrate to run the Insurance vertical, and the executives in New York who appear to be trying to maintain control of a company whom they never visit.

    After the Acquisition of NetQuote.com and the subsequent merger between NetQuote and Insureme, the culture definitely became much more of a politically motivated environment, than a results motivated environment. As a result, many key individuals have left the company in search of a more desirable work environment, and some have actually been fired for giving their honest feedback to the executive team.

    Bankrate no longer hires directly for service and sales related positions. Rather, they hire through a temp agency which provides disposable employees at extremely low pay who come and go without ever really learning the business, or having any motivation to perform.

    Bankrate appears to be running the company at an extremely high margin as almost none of the employees who have left have been replaced. This has left the remaining employees disgruntled as there has been little to no attempt to secure the remaining employees who continue to work hard for the company, other than the possibility of a company standard 3% annual pay increase.

    Advice to ManagementAdvice

    Why put an executive team in place if you do not trust their ability to make good decisions for the company?

    Start filling the positions of those who will left to show that you are committed to your company. Without committing to your employees, no employee will commit to your company.

    Stop hiring temps to do the most important jobs (which is retaining your customer base).

    Offer incentives for performers, and recognize those who perform.

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  5.  

    Overall, pretty good experience with Bankrate

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bankrate

    Pros

    Great company to work for, with great benefits.

    Cons

    Boring at times, with little room for advancement.

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