Ally Financial

  www.ally.com
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210 Employee Reviews (View Most Recent)

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

2 people found this helpful  

A good launching-pad for a promising career.

Financial Analyst (Current Employee) Orland Park, IL

ProsThe 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.

ConsNot 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 Senior ManagementChallenge 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.

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

    1 person found this helpful  

    GMAC Review

    Portfolio Manager (Current Employee) Pittsburgh, PA

    I have been working at Ally Financial


    Pros: Great coworkers, very hardworking and great mentors. Management /… 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… Advice to Senior 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… No, I would not recommend this company to a friend More
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Buyer Beware

    Compliance (Former Employee) 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… Cons: Any job has a down side. The collaborative mindset of the past has been replaced by fear and distrust. The people focused culture… Advice to Senior Management: During my tenure the perks and the people made the long hours equitable. The current leadership… More
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