Bankrate Reviews

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

3.0
24 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Bankrate President & CEO Kenneth S. Esterow
Kenneth S. Esterow
2 Ratings

Employee Reviews

Sort: Popular Rating Date
  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.  

    awesome

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Market Analyst  in  Palm Beach Gardens, FL
    Current Employee - Market Analyst in Palm Beach Gardens, FL

    I have been working at Bankrate full-time for less than a year

    Pros

    very laid back, no micromanagement, work at your own pace

    Cons

    phone work, dealing with irrational people

    Advice to ManagementAdvice

    listen to employees

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Challenging and rewarding, fast paced work internment--great team!

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

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

    Pros

    Amazing group of individuals. Competitive benefits and salary. Great work-life balance. Paid holidays and vacation. Fun group outings and activities.

    Cons

    Don't have many cons. Wish my position could work remotely.

    Advice to ManagementAdvice

    Continue to challenge and reward your staff

    Recommends
    Positive Outlook
    Approves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    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
  6.  

    Excellent website for freelance personal finance writers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Contributing Writer  in  North Palm Beach, FL
    Current Employee - Contributing Writer in North Palm Beach, FL

    I have been working at Bankrate as a contractor for more than a year

    Pros

    Editors reply promptly and courteously. Once you build relationships, you can have steady work. Quality of writing on website is high, and everyone is professional. Pay rate is respectable for online work. Bankrate pays very quickly.

    Cons

    I can't think of any cons. Management considers queries on Wednesdays, so get your ideas in on Monday or Tuesday for the best chance of success.

    Recommends
    Positive Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Want preferential treatment, lack of leadership.. Then this is for you...

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

    I have been working at Bankrate full-time for more than 8 years

    Pros

    Most of the people who actually do work here are great, but that's just a limited few

    Cons

    Within the IT group, it's all about preferential treatment. It's not an even playing field from management. Too many chiefs, not enough indians. Everyone gets promoted here (as long as you're already in management), and many of them don't deserve it. I've been here over 8 years and it's never changed here. If you're not a manager already, you'll never get anywhere, don't try because I have and it's a non-winning situation. I stay here only because it's close to my home in north palm beach.

    Advice to ManagementAdvice

    Think of some advancement and get some training yourself on employee relationships.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 2 people found this helpful  

    Not worth the time

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

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

    Pros

    Great people and provided coffee/breakfast. I am really not sure there is anything else positive that could be said that wouldn't be a flat lie.

    Cons

    Executive management of the Insurance branch is too junior to make the proper decisions and place priorities where they need to be placed.

    Advice to ManagementAdvice

    Stop behaving as though you belong to a contemptuous clique, communicate to your employees, and focus on long term objectives rather than short term gains.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 2 people found this helpful  

    Career limiting company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Principal Scapegoat  in  Denver, CO
    Current Employee - Principal Scapegoat in Denver, CO

    I have been working at Bankrate full-time for less than a year

    Pros

    Downtown Denver is a nice location, provide eco pass with employment, benefits are decent, but none of the Pros are worth the headache of working there.

    Cons

    High employee turnover (4 left this week). Constant 'which hunting', unhealthy team dynamics, protectionism, Everything else you can imagine.

    Advice to ManagementAdvice

    Bring in strong management from outside the company. Promoting from within continues the downward spiral the company is experiencing.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Ad Trafficking Coordinator

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

    I worked at Bankrate full-time for more than 5 years

    Pros

    Great place to work, great benefits, great culture

    Cons

    Small team, so it can take a long time for new opportunities to become available.

    Advice to ManagementAdvice

    Keep up the good work. One word of advice: Ask for more input from employees.

    Recommends
    Neutral Outlook
    Approves of CEO
  11. 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.

Worked for Bankrate? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.