There are newer employer reviews for Ally Financial
There are newer employer reviews for Ally Financial

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Helpful (2)

A good launching-pad for a promising career.

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Analyst in Orland Park, IL
Current Employee - Financial Analyst in Orland Park, IL
No opinion of CEO

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 Management

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.

Other Employee Reviews for Ally Financial

  1. Helpful (1)

    Still some tread left on the tires...

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Manager in Saint Louis, MO
    Former Employee - Portfolio Manager in Saint Louis, MO
    Recommends
    Disapproves of CEO

    Pros

    Formerly a fantastic company to work for. Benefits were second to none with perks that few other employer could offer. Relocation program was stellar. Employees were well taken care of, respected and growth opportunities abound. Then Cerberus happened...a typical greedy investor with no comprehension of how to treat your most valuable asset (EMPLOYEES!!!!).

    Cons

    Long hours. Executive leadership was (obviously) greedy and overcompensated. Middle to upper management; however, really understood how to treat employees well. Cerberus completely slashed benefits, dwindled compensation and misguided employees with bogus promises and deceptive management. They deserve to see their investment in shambles. Karma.

    Advice to Management

    Keep hiring top employees, the people who work at GMAC are special. The level of professionalism, talent, and care among its employees is not easily found elsewhere.


  2. Helpful (1)

    GMAC Review

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager in Pittsburgh, PA
    Current Employee - Portfolio Manager in Pittsburgh, PA
    Doesn't Recommend
    No opinion of CEO

    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 Management

    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.


There are newer employer reviews for Ally Financial
There are newer employer reviews for Ally Financial

See Most Recent

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