Ally Financial
3.0 of 5 194 reviews
www.ally.com Detroit, MI 5000+ Employees

Ally Financial Reviews

Updated Apr 10, 2014
All Employees Current Employees Only

3.0 194 reviews

                             

80% Approve of the CEO

Ally Financial CEO and Director Michael A. (Mike) Carpenter

Michael A. (Mike) Carpenter

(50 ratings)

43% of employees recommend this company to a friend
194 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Great work-life balance, good pay, and nice facilities"
    in 12 reviews
  • "Smart team members, nice work environment, gym a big plus"
    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
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Not your Momma's GMAC..... err, Ally.

Senior Manager (Former Employee)
Fort Washington, PA

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

ProsWork from home, Career advancement opportunities, Great team to work with. Great cafeteria!

ConsNot many... generally fair to employees and

Advice to Senior ManagementAfter 8 years with GMAC/Ally, I wish I could have stayed, but limited growth in the Philadelphia area was my reason for leaving.

Yes, I would recommend this company to a friend

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

Executive Director, Information Technology Group (Current Employee)
Detroit, MI

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

ProsWell 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.

ConsSome 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.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Finance

Finance Director (Current Employee)
Charlotte, NC

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

ProsSmart team members, nice work environment, gym a big plus.

ConsVery silo'd organization. Difficult to find opportunities for expanding horizons. Teams are constantly fearful of being laid off.

Advice to Senior ManagementBe careful about internal networks. There are some great people being overlooked.

Yes, I would recommend this company to a friend

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I like it there

Collector (Current Employee)
Lewisville, TX

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

ProsLove my co-workers. Friendly competitive environment.

ConsNot much upward mobility available.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Ally is in Turmoil and not a place to go at this time

Senior Manager (Current Employee)

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

ProsGood work environment, benefits and pay.

ConsThe company is making many short term decisions that will have a lasting negative impact on operations for years. Yes, they will see short terms gains, but many things put in place for improvement are going to fall apart as they are not willing to continue strengthening parts of the business.

Advice to Senior ManagementManagement needs to look at more than just the short term profitability and think about how some of the current actions will effect the company down the road.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Get some good experience and then move on quickly.

Senior IT Manager (Current Employee)
Detroit, MI

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

ProsThe best part of working at Ally is the compensation and benefits packages are above average. Dollar for dollar match on the 401K up to 6% and they even kick in some occasional discretionary dollars if the company is performing well. Their bank office in uptown Charlotte is nice. Strong CEO. You'll work with some great people. Very friendly environment. Bonus plans are nice if you're lucky enough to get one.

ConsAlly is a company that is in a lot of transition right now. Their two biggest goals right now are to take the company public and pay off the remaining debt as part of TARP. With that transition comes a lot of ciaos. Recent significant reduction in force has put even more work on people that already have workloads they can't handle, which has caused even more people to leave. Lots of indecision on direction at the mid - senior management level. Promotions do happen, but they're rare. A lot of hiring from the outside instead of promoting from within. Very dependent on the auto industry and GM. Any slowdown in people buying cars has significant impact on the company's performance.

Their HQ office in Detroit Renaissance Center isn't so nice. While access to the Ally offices is secured, the rest of the building is open to the public. So you get your share of homeless/scary people wandering around in the building. There is some security and police presence, but they're not always around. Good luck getting on-boarded in a timely manner. I've known people that have waited a month to get their PC, accounts and access all set up. Lots of turnover in IT over the past year has created a "blind leading the blind" environment. Once the company goes public this year, expect the senior leadership team to cash in and hit the road.

Advice to Senior ManagementBring back management evaluations for the employees so that you can identify your weakest leaders and get rid of them, and retain your best ones. How does a company of this size and stature operate without giving their employees a chance to provide feedback on their management?

No, I would not recommend this company to a friend

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

Senior Manager (Former Employee)
Detroit, MI

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

ProsGrowing company, challenging and fast paced for dynamic individuals

ConsFast paced environment, too many changes too fast

Yes, I would recommend this company to a friend

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Friendly place to work

Actuarial Analyst (Current Employee)
Southfield, MI

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

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

ConsLow pay compared to other companies
Low retention of employees

Yes, I would recommend this company to a friend

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Ally Bank

Manager (Current Employee)
Charlotte, NC

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

ProsGenerous PTO. Leinient Tuition Reimbursment policy. Direct Management allows work/lige balance

ConsCompany is too vertically aligned with departments too often bickering rather than working together

Advice to Senior ManagementChange to a more horizontal structure with SME on leadership teams that can address all risk, compliance, legal, accounting/finance, etc concerns

No, I would not recommend this company to a friend

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Great people. Great job

Analyst (Former Employee)
Detroit, MI

I worked at Ally Financial full-time

ProsPeople were great, including management

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

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Ally Financial – Why Work for Us?

We are Ally Financial A leading auto services company powered by a top direct bank with a unique customer approach. Our history began in 1919. Our job then, was the same as it is today: to fuel the auto industry with… Full Overview

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Glassdoor is your free inside look at Ally Financial reviews and ratings — including employee satisfaction and approval rating for Ally Financial CEO Michael A. (Mike) Carpenter. All 194 reviews posted anonymously by Ally Financial employees.