Ally Financial

www.ally.com
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Ally Financial Reviews in Detroit, MI

Updated February 9, 2015
Updated February 9, 2015
58 Reviews
3.6
58 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Jeffrey Brown
58 Ratings

Review Highlights

Pros
  • Excellent work-life-balance and many strong team members (in 18 reviews)

  • Challenging work environment and able to contribute instantly (in 12 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 9 reviews)

More Highlights

58 Employee Reviews Back to all Reviews

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  1.  

    I was a Intern in their marketing department

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

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

    Pros

    -Great work environment
    -Great mentors
    -Wonderful work life balance
    -I was treated like an employee and not just a lowly intern

    Cons

    None! I really enjoyed my time there

    Recommends
    Positive Outlook
  2.  

    A good internship where I gained a lot of corporate skills.

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

    I worked at Ally Financial

    Pros

    Some of the best reasons to work here is the culture. The people here love working at Ally. Downtown Detroit is pretty amazing too!

    Cons

    Some of the challenges I found was that the pay was kind of below industry standard. The cubicles weren't all that either.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good company, but difficult for women to get promoted

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

    I worked at Ally Financial full-time (more than 8 years)

    Pros

    Professional work environment, great 401(k) match, rotation program in Finance, competitive salaries, nice/safe location/facilities (RenCen downtown Detroit). mentor program

    Cons

    The rotation program is very random regarding how people 'rotate', very few women get promoted, many women leave because they do not have the same opportunities as men, or they stay and are 'pigeon-holed' in one area/job.

    Recommends
    Neutral Outlook
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  5. 3 people found this helpful  

    A shrinking company

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

    I have been working at Ally Financial full-time (more than 10 years)

    Pros

    Salaries and bonus have improved over the years and Ally is competitive in the market. Lots of good people that will go the extra mile to ensure the success of the company. decent work/life balance. Company seems to be operating more effectively even though Chrysler and GM relationships have expired. Excellent 401k plan.

    Cons

    Promotions have a lot to do with your physical location (best to be in Charlotte) than accomplishments. Senior management single focus to get out of TARP so cost cutting is very aggressive at the expense of training and other expenditures.

    Advice to ManagementAdvice

    Financial results keep exceeding expectations so let it flow through to the worker bees.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Ally Financial is a very upbeat team based company to work for.

    Former Contractor - Administrative Assistant II in Auburn Hills, MI
    Former Contractor - Administrative Assistant II in Auburn Hills, MI

    I worked at Ally Financial as a contractor (less than a year)

    Pros

    I have enjoyed working with all staff as well as upper management . Ally is a very professional business that makes it exciting to come to work each day.

    Cons

    Ally Financial is more internet based than speaking with customers.

    Advice to ManagementAdvice

    Management has always understood personal life as well as being dedicated to the job.

  7.  

    Constant change.. lack of overall strategy

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

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

    Pros

    Excellent work-life-balance and many strong team members

    Cons

    Extreme Politics. Very difficult to make a difference.. Culture felt like many were just "punching the clock".. Lots of corporate changes..

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    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 (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
  9.  

    Valuable internship experience and learned new skills

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

    I worked at Ally Financial as an intern (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
  10.  

    Great place to intern

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

    I worked at Ally Financial as an intern (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
  11.  

    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 (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

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