Bankrate Reviews | Glassdoor

Bankrate Reviews

Updated May 11, 2017
43 reviews

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Full-time Part-time

2.9
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Bankrate President & CEO Kenneth S. Esterow
Kenneth S. Esterow
10 Ratings

43 Employee Reviews

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  1. Helpful (1)

    "Not sure"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Neutral Outlook

    I have been working at Bankrate (More than a year)

    Pros

    Bankrate has great office, good health benefits, amazing people.

    Cons

    Disorganized in many areas. Need improvements.


  2. Helpful (4)

    "Jump out of this "sinking boat" !!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Developer in West Palm Beach, FL
    Current Employee - Developer in West Palm Beach, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Bankrate full-time (More than 5 years)

    Pros

    Free soda. 401 k plan.

    Cons

    Extra working hours(sometimes up to mid-night), frequent and hidden-lay offs. The company is making a wrong assumption that changing the technology will earn revenue, as a result of that, they are bringing more technology tools and platforms than innovative ideas about new competitive products. Their competitors are far ahead of them and their mortgage market is a very challenging one to flourish, specially in the coming years of higher mortgage rates. This company is trying hard to back on track, but upper management's too much focus on technology and platform has already started to take tolls. Dont get fooled by their benefit packages and salaries-it wont last long. They want you to ride with them up until their death. Jump out of this boat NOW!!

    Advice to Management

    Study the competitors. Bring new 'product ideas' , rather trying to find next best technology platform, otherwise, it would be too late to survive in the market.Your competitors will put you in the coffin.

    Bankrate Response

    Jun 22, 2017 – CEO

    I appreciate your review very much, thank you for taking the time to send feedback on your experience at Bankrate.com. You are absolutely right that we are investing heavily into both technology ... More

  3. Helpful (6)

    "Downhill fast"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Programmer in Palm Beach Gardens, FL
    Former Employee - Programmer in Palm Beach Gardens, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bankrate full-time (Less than a year)

    Pros

    Everything that seams like a pro turns out to be a con. Was a great place to work a little over a year ago, but keeps getting worse.

    Cons

    Randomly cut people for no apparent reason (16 to 20 at a time). Change tools constantly. Make you move desks constantly. Work you ridiculous hours, through lunch, evenings and weekends.

    Advice to Management

    Those at the top are the problem. Listen to your employees and be honest with them.

    Bankrate Response

    Jun 22, 2017 – CEO

    Thank you for your honest feedback and I certainly regret that your experience went from positive to negative in the short time you were with us. I can guarantee you that any changes we make ... More


  4. Helpful (3)

    "Big Changes"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Clerk in Palm Beach Gardens, FL
    Former Employee - Clerk in Palm Beach Gardens, FL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Bankrate full-time (More than 5 years)

    Pros

    Bankrate offered great benefits, 401K, nice office space, breakfast. Used to have great management. Now they are cut throat. Sad!

    Cons

    The company has fired a large number of employees just in 2017 to have the ability to bring on more analysts! For what? This company is headed to failing! The core of what made them a great company is no longer there.

    Advice to Management

    Dig deeper into your mid management teams! Many are only there because of "friends" as their bosses!

    Bankrate Response

    Jun 22, 2017 – CEO

    I very much appreciate your honesty. Thank you, and as a former long-time employee you’ve undoubtedly seen many changes in our team over the last few years. I take the employee experience very ... More


  5. Helpful (2)

    "Horrible co worker"

    Star Star Star Star Star
    • Culture & Values
    • Comp & Benefits
    Former Employee - Receptionist in New York, NY
    Former Employee - Receptionist in New York, NY
    Doesn't Recommend

    I worked at Bankrate full-time (Less than a year)

    Pros

    Plenty of snacks and beverages provided. Bingo every Fridays with gift cards given to winners.

    Cons

    A lot of work given to Receptionist. Had me changing light bulbs, which was not part of my job description and a definite work hazard. Colleague that trained me was spreading rumors of not doing my job. Also, no orientation on first day of work? Had to figure out everything myself, so bad, I quit after a month. Hostile work environment.


  6. Helpful (3)

    "Not enough pros"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jupiter, FL
    Former Employee - Anonymous Employee in Jupiter, FL
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Bankrate (More than 10 years)

    Pros

    The Palm Beach Gardens FL office is definitely a pro with standing desks and a clean environment. There are plenty of in-office happy hours with alcohol and food provided.

    Cons

    Departments are led by managers who don't have the training and skills to get the job done. Promotions are only given to a certain few and if you aren't one of those few, you can work for years without a promotion or raise. If you are young and looking for a mentor, forget about it and look for a job elsewhere.

    Advice to Management

    Hire managers who are trained and skilled to lead departments.


  7. "Compliance Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Austin, TX
    Current Employee - Anonymous Employee in Austin, TX
    Doesn't Recommend
    Neutral Outlook

    I have been working at Bankrate full-time (More than 10 years)

    Pros

    Great benefits and good pay.

    Cons

    Room for advancements in the work place

    Advice to Management

    NA

  8. "Solid company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Developer in Denver, CO
    Former Employee - Senior Software Developer in Denver, CO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bankrate (More than 3 years)

    Pros

    Manage people ad products well

    Cons

    Not sure about their big business startegy


  9. "Great group of people"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Corporate Credit Manager in Port Saint Lucie, FL
    Former Employee - Corporate Credit Manager in Port Saint Lucie, FL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Bankrate (More than 8 years)

    Pros

    Great new location and great people to work with

    Cons

    new management on the change everything train.

    Advice to Management

    talk to the people that actually do the work


  10. "Senior Account Executive"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Executive in Chicago, IL
    Former Employee - Account Executive in Chicago, IL
    Recommends
    Neutral Outlook

    I worked at Bankrate full-time (More than 5 years)

    Pros

    Great work environment, Employees truly worked as a team no matter what department, Strong Management Support

    Cons

    Company Execs stayed in legal trouble, Company lacked Sales incentives, limited product options for customers, Sales reps only allowed to promote specific products regardless of client needs.. in other words, a print rep wasn't allowed to sell digital, and so forth

    Advice to Management

    Less red tape when it comes to making suggestions for change,


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