GE Capital
3.4 of 5 544 reviews
www.gecapital.com Norwalk, CT 5000+ Employees

GE Capital Reviews in New York City, NY

Updated Jan 17, 2014
All Employees Current Employees Only

3.0 10 reviews

                             

100% Approve of the CEO

GE Capital CEO Keith Sherin

Keith Sherin

(1 ratings)

29% of employees recommend this company to a friend
10 Employee Reviews Back to all reviews
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    Great people, team oriented, envelope pushing, commercially intense organization.

    Program Manager (Current Employee)
    New York, NY

    ProsHigh level of integrity and class acts across all levels of the company. Customer centric approach to all aspects of the finance/lending space. Lofty goals for growth and strong leadership support with many years experience in the company.

    ConsLarge organization with scale, however change/innovation comes at a slow rate. Industry leaders in what we do but there is certainly room for growth in the ability to evolve products/processes.

    Advice to Senior ManagementDrive for quicker change to keep up and lead the pack in terms of innovation. Remove boundaries and allow for flexibility (less cookie cutter solutions and more tailored on a per client/need basis).

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

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    Account Manager - Terrible

    Account Manager (Former Employee)
    New York, NY

    ProsLarge entity, looks good on resume, reputable company, and highly competitive. Although many internal jobs, very little internal mobility or flexibility.

    ConsTerrible morale, horrible managers, sweat-shop atmosphere, stressful, etc.. Managers have no idea of what is going on in reality and will not divert from plan despite economic conditions. Poor bonus structure due to overlap of different business groups all competing for the same customers.

    Advice to Senior ManagementGet a clue.

    No, I would not recommend this company to a friend

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    Wonderful people, great personal benefits

    Communications Manager (Former Employee)
    New York, NY

    Pros- Very intelligent, smart, passionate employees
    - Strong work/life balance
    - Lots of fun corporate events and get-togethers
    - A lot of professional & personal development seminars and classes

    Cons- Upper level management doesn't give employees a clear strategy
    - Projects can be cancelled at the last minute which is very discouraging
    - Doesn't show loyalty to employees

    Advice to Senior ManagementDon't change your business strategy multiple times a quarter, it makes the work very confusing

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    Great 1o years ago, now dying a slow painful demise

    EMEA (Former Employee)
    New York, NY

    ProsLot's of opportunity for training and responsibility. Hires mostly from outside now that market has improved in CT and NY.

    ConsMost upper mgmt has no or little real experience in institutional investments or the decision process at plan sponsors/consultants. Lot's of turnover at the top and gender bias in certain jobs. Closing products without telling outside.

    Advice to Senior ManagementGo passive or sell off the liabilities. Hire an unbiaded consultant from outside to review HR procedures.

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

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    Good experience

    Anonymous Employee (Current Employee)
    New York, NY

    ProsExcellent training and working with smart people

    ConsLower saleary/bonus than other competing firms

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    Great

    Associate (Former Employee)
    New York, NY

    ProsGreat company to work for. You will get excellent training. Knowledge sharing throughout the company is a plus. Innovative deals.

    ConsThe company is very centered around politics. To advance, you have to play the game. They recognize smart people, but you also have to suck up to management to get ahead. Salary is not comparable to investment banks.

    Advice to Senior ManagementReward employees more for their hard work and less for their political expertise. Also, the company does not have a very flat structure-too much heiarchy.

    Yes, I would recommend this company to a friend

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    • No Opinion of CEO

     

    None.

    Mortgage Specialist (Former Employee)
    New York, NY

    ProsBenefits, steady job, backup of a big company.

    ConsSlow information flow, often incompetent mid-level management.

    Advice to Senior ManagementNone.

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    GE solid, but too big

    Financial Management Program (Former Employee)
    New York, NY

    ProsThe organization was strong, The GE family means being a part of something that you can be proud of. From my first day they pushed the GE brand and the AAA rating. I learned a lot through their training programs and even more from working with the individuals their. The company was clear with the programs and it seemed like the customers respect the GE name.

    ConsGE is so large you can feel lost. You truly do become a number instead of a name or a face. They also are doing everything they can at the moment to cut back costs. This makes sense because of the economy but it isnt like the banks where they throw luxuries at you to make you put up with the large amount of work.

    Advice to Senior ManagementDo what you can to make the little people not feel lost in the big sea of GE

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    1 person found this helpful  

    Immelt Hears Employees, Submits Resignation

    Senior Vice President (Former Employee)
    New York, NY

    ProsI would say work/life balance. the firm has some good people who mean well, but those people feel beaten down by the beurocracy that's inherant in a large organization and either get so frustrated that they stop trying or end up leaving to go to other firms. The risk organization provides a good underwriting trainging ground. If GE capital survives it will be a much smaller/leaner organization which suggests that it will be a good place to work going forward in that there will be less incumbant talent. therefore, those who are talented will be able to rise through the organization faster.

    Consweak leadership, compensation relative to other financial firms (though this is a trade-off for very good work/life bal). buerocratic - despite recent downsizing the organization has a long way to go here.. no-one is incentivised to take risks, in fact they arre dissencentivized. senior leadership is totally risk averse which means that plain vanilla products (leases, small business loans) will be the bread and butter of the organization and larger deals will be passed on. Senior leadership doesn't understand most of the financial products in the system and is totally inwardly forcused and removed from customer contact. they view deal professionals as salesmen.

    Advice to Senior Managementquit

    No, I would not recommend this company to a friend

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    Unrealized potential for this to be a great place to work.

    Senior Credit Analyst (Current Employee)
    New York, NY

    ProsLocation, rank and file are generally highly qualified and competent.

    ConsManagement is reactionary and does not hold true to the general reputation of GE producing great managers. The great managers typically come from the industrial side of GE but the financial services side of the business has a sub-par management team. The leadership team seems to just play musical chairs every 12-18 months with no accountability for solving problems before they move on to the next position babysitting another legacy problem and on and on and on....this place needs a major overhaul of management talent from the outside - not just the same old GE "lifer" team just continually recycled into new positions.

    Advice to Senior ManagementStop being reactionary and for once think contrarian by biting the bullet to pay up for outside top tier talent that is now on the market due to downsizings elsewhere.

    No, I would not recommend this company to a friend

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