Countrywide Financial - The Worst Job I Ever Had! | Glassdoor
There are newer employer reviews for Countrywide Financial
There are newer employer reviews for Countrywide Financial

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"The Worst Job I Ever Had!"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Financial Advisor in Broomall, PA
Former Employee - Financial Advisor in Broomall, PA
Doesn't Recommend
Disapproves of CEO

Pros

Met some nice co-workers that I've remained friends with.

Cons

Worked Holidays and never received doubletime. We were paid hourly. Management would tell you you could take a day off another time to make up for the extra day. It was a payroll nightmare.

Advice to Management

The only people that made money here were people in top management; otherwise, you are used for the most part.

Other Employee Reviews for Countrywide Financial

  1. "Bloated middle management layer"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President
    Former Employee - Assistant Vice President
    No opinion of CEO

    Pros

    laid back environment in some offices,

    Cons

    Some offices are like cattle farms, there are too many VPs, SVPs and other middle managers, many of whom don't even have anyone reporting to them

    Advice to Management

    improve quality of work environment for lower level workers (below SVP level).


  2. "The company that could have been"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Calabasas, CA
    Former Employee - Anonymous Employee in Calabasas, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    During the housing boom, Countrywide was one of the fastest growing public companies around. Senior management was probably the most knowledgable about the mortgage industry.

    Cons

    The different divisions (e.g., mortgage, banking, insurance, etc.) and overhead functions did not work together in the most collaborative and effective way; instead, performance was based on individual achievements. Professionally managed companies make sure that divisions and functions work together, sharing resources and intellectual capital. Countrywide, unfortunately, was not quite there.

    Advice to Management

    Better risk management and more focus on long-term growth is needed rather than the desire to chase market share.

There are newer employer reviews for Countrywide Financial
There are newer employer reviews for Countrywide Financial

See Most Recent

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