Ally Financial Reviews in Detroit, MI

Updated September 18, 2014
Updated September 18, 2014
218 Reviews
3.3
218 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Ally Financial CEO and Director Michael A. (Mike) Carpenter
Michael A. (Mike) Carpenter
63 Ratings

Review Highlights

Pros
  • Good colleagues, work life balance, and competitive pay (in 15 reviews)

  • Great work-life balance, good pay, and nice facilities (in 11 reviews)


Cons
  • Also work-life balance for many was unheard of (in 7 reviews)

  • Some senior management are not strong leaders and are not able to keep their teams aligned to the company strategy (in 8 reviews)

More Highlights

52 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Valuable internship experience and learned new skills

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Auto Finance  in  Detroit, MI
    Former Employee - Auto Finance in Detroit, MI

    I worked at Ally Financial as an intern for less than a year

    Pros

    Challenging work environment and able to contribute instantly. It was very easy to collaborate and work with managers.

    Cons

    Company values are strong, but considering the age difference between new hires and management, promotions look limited until management starts retiring.

    Advice to ManagementAdvice

    As an intern, it would have been beneficial to shadow other parts of Ally's Auto Finance division to understand the different variables involved with Ally's products. The internship program was great.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Tough, but possibly getting better. Management is changing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Detroit, MI
    Current Employee - Anonymous Employee in Detroit, MI

    I have been working at Ally Financial full-time for more than a year

    Pros

    Pay is as good as any other company for my role
    6% Matching 401k after 1 year.
    8% bonus for direct hires

    Cons

    Mix of in-source and outsource. Lots of off hour work with the expectation of being in the office 9 to 5pm. Bullying to work on projects that were planned poorly. Many islands of single individuals with all the expertise (pulling the weight of others). Micromanagement, Disorganized IT process. Unskilled coworkers.

    Advice to ManagementAdvice

    Hire more skilled people, allow working at home again. Hire people outside of Detroit. Review tools for governing IT process.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Great place to intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern  in  Detroit, MI
    Former Employee - Intern in Detroit, MI

    I worked at Ally Financial as an intern for less than a year

    Pros

    HR has a team that focuses on making the internship program beneficial for both the company and the interns. The interns are given many opportunities to learn from company leaders. The main focus seems to be giving interns the chance to showcase the value they could bring to the company. We are given the same work entry-level employees would get.

    Cons

    Interns may be spending the summer in a department that does not have any entry-level openings. Since HR might have to place you in a different group, you are proving your ability to learn and adapt, not your knowledge of that specific department

    Advice to ManagementAdvice

    Make sure roles and expectations on all sides (executives, managers, staff, and interns) are communicated at the beginning of the program

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Ally Financial - Short minded

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Risk Director  in  Detroit, MI
    Current Employee - Risk Director in Detroit, MI

    I have been working at Ally Financial full-time for more than 3 years

    Pros

    Generally speaking good compensation levels. Very competitive

    Cons

    Management in risk is very short minded. In many instances control freaks

    Advice to ManagementAdvice

    Plan more strategically and empower people

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Tough Company to work for in IT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations Manager  in  Detroit, MI
    Former Employee - Operations Manager in Detroit, MI

    I worked at Ally Financial full-time for more than 3 years

    Pros

    Pay is good. Company as a whole is doing very well and consistently growing and increasing profits.

    Cons

    Still undergoing lots of change. Different areas in IT are run better than others. Typical of a large company. However, senior/executive leadership doesn't see that some areas are consistently under performing and have a revolving door of employees.

    Insource / Outsource strategy is constantly in flux. Pick a direction and stick with it.

    Advice to ManagementAdvice

    Time to take an honest look at some of the under performing IT areas and change the leadership. It's not hard to see the areas that need review.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Great company, becoming more difficult to work there as the company moves towards IPO

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Executive Director, Information Technology Group  in  Detroit, MI
    Current Employee - Executive Director, Information Technology Group in Detroit, MI

    I have been working at Ally Financial full-time for more than 5 years

    Pros

    Well paying company with strong benefits and auto purchase opportunities. Still moving fast and trying to redefine itself to become a strong bank. #1 online bank and largest auto financier.

    Cons

    Some senior management are not strong leaders and are not able to keep their teams aligned to the company strategy. IT Infrastructure is especially challenged with poor leadership.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Some good and some bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Detroit, MI
    Current Employee - Anonymous Employee in Detroit, MI

    I have been working at Ally Financial full-time for more than a year

    Pros

    Good benefits, good people, overall not a bad place to work. There are pockets of knowledge, and people are willing to share and help.

    Cons

    Bureaucracy stalls the progress, it takes unreasonably long time to push things through the system to get them done. By the time they are done they may be obsolete or not needed, or requirements may have been changed. There are clear signs of lack of vision, and shifting directions on management side.

    Recommends
    Negative Outlook
  9. 1 person found this helpful  

    Friendly place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Actuarial Analyst  in  Southfield, MI
    Current Employee - Actuarial Analyst in Southfield, MI

    I have been working at Ally Financial full-time for more than 3 years

    Pros

    Leadership
    Work environment
    Study program for Actuaries
    Time-off policy
    Voluntary opportunities

    Cons

    Low pay compared to other companies
    Low retention of employees

    Recommends
    No opinion of CEO
  10.  

    I had a great time at Ally, received the support I needed to achieve my goals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Manager  in  Detroit, MI
    Former Employee - Senior Manager in Detroit, MI

    I worked at Ally Financial full-time for more than 5 years

    Pros

    Growing company, challenging and fast paced for dynamic individuals

    Cons

    Fast paced environment, too many changes too fast

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Great people. Great job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  Detroit, MI
    Former Employee - Analyst in Detroit, MI

    I worked at Ally Financial full-time

    Pros

    People were great, including management

    Cons

    My pay was horrible. Also work-life balance for many was unheard of

    Recommends
    Positive Outlook
    No opinion of CEO

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