There are newer employer reviews for Ally Financial

2 people found this helpful  

A good launching-pad for a promising career.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Financial Analyst in Orland Park, IL
Current Employee - Financial Analyst in Orland Park, IL

I have been working at Ally Financial

Pros

The money is reasonable as are the hours. Although you are encouraged to put in more than 40 hrs, I don't see that it gets you ahead in the company--it's more likely a matter of knowing the right people. The vacation time is great as long as you don't get sick often---sick time counts against PTO (You will get 4 weeks paid vacation and 7 holidays your very first year, along with weekends (only management is expected to take work home). Health benefits are OK, but progressively going downhill.

Work load is fair and time constraints are reasonable.

Cons

Not very challenging or mentally rewarding. You don't feel you have accomplished a whole lot when you have finished an assigned task. There is a lot of redundancy and 'busy work' which contributes to this feeling. There aren't a lot of good opportunities for advancement. While you may 'someday' have a shot at being middle management, that doesn't seem very desirable. They work long hours and probably earn less per hour than the people they supervise. Upper management is well compensated but you will generally toil away for 2 decades or more before you get there. This company is better as a way of getting started off in your career than a place you would actually want to stay. Get the 3-5 yrs needed for your resume and move on.

Also, the sick time counting as PTO is a stupid policy that encourages people to show up to work sick and spread their germs.

Advice to ManagementAdvice

Challenge your employees, but don't waste their time. No one likes to feel like they're spinning their wheels, even if they are getting paid for it. Try and create a little more variety in an employees' job, maybe even consider starting rotations. A bored employee is an unhappy/less productive employee. Spend the money to update systems and have a consolidated database, instead of having to enter the exact same information in 5 different places.

Lastly, give employees a better reason to want to stay. GMAC is going to be in MAJOR trouble when all the people sticking around for their pensions retire.

No opinion of CEO

227 Other Employee Reviews for Ally Financial (View Most Recent)

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  1. 1 person found this helpful  

    GMAC Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Portfolio Manager in Pittsburgh, PA
    Current Employee - Portfolio Manager in Pittsburgh, PA

    I have been working at Ally Financial

    Pros

    Great coworkers, very hardworking and great mentors. Management / Executive pay is staggering compared to those below.

    Cons

    Limited opportunity within the company as well as the shrinking automotive finance market. GMAC is owned by Cerberus who eventually will sell the company once it turns it around, at that point look for more layoffs. Upper management has been stuck in their ways for years, and refused to change the company to compete with the market. Talent retention is a key failure at this company as everyone who works there is either new (0-2 years) or old (20 + years). Those in the middle were either fired, quit, or downsized which could create a large problem within the company in a few years.

    Advice to ManagementAdvice

    Plan for the future and compete with the market place. Without potential for advancement people will do what they always seem to do, work for a few years then leave for something better. The company will need all the help they can get in tough times and when things return to growth mode with the comeback of the credit markets.

    Doesn't Recommend
    No opinion of CEO
  2.  

    Buyer Beware

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Compliance in Minneapolis, MN
    Former Employee - Compliance in Minneapolis, MN

    I worked at Ally Financial

    Pros

    The numerous changes that have happened in the last 2 years make it difficult to provide feedback on current environment. If you are willing to take a risk, it can be a positive experience. Do your homework, ask questions, and be prepared for daily changes. Those who can disengage from their work role will most likely be fine. During my tenure the perks and the people made the long hours equitable. The current leadership has changed so often I can not speak to how that impacts those working at GMAC today. Most of my contacts have been laid off or left for new roles in other organizations.

    Cons

    Any job has a down side. The collaborative mindset of the past has been replaced by fear and distrust. The people focused culture made the above target performance expectations tolerable. Over the last 24 moths, benefits continued to be reduced as did the “balance life focus” of the past. I was grateful for the opportunities but was not willing to be just a number

    Advice to ManagementAdvice

    During my tenure the perks and the people made the long hours equitable. The current leadership has changed so often I can not speak to how that impacts those working at GMAC today.

    No opinion of CEO
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