Nicholas Financial Reviews | Glassdoor

Nicholas Financial Reviews

Updated March 20, 2017
26 reviews

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Full-time Part-time

2.3
Star Star Star Star Star
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Nicholas Financial Chairman, President, and CEO Peter L. Vosotas
Peter L. Vosotas
15 Ratings

26 Employee Reviews

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  1. Helpful (1)

    "branch manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Branch Manager in Chicago, IL
    Current Employee - Branch Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Nicholas Financial (Less than a year)

    Pros

    Easy to get access to speak with corporate, able to build great relationships with dealerships

    Cons

    No training program, on the road 70%, very stressful, not enough personal in office


  2. "Not worth the hassle"

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

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

    Pros

    Small Company, still feels family run

    Cons

    Too many to list here

    Advice to Management

    Keep your Promises to employees


  3. "Don't waste your time"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CONSUMER LOAN UNDERWRITER in Longwood, FL
    Former Employee - CONSUMER LOAN UNDERWRITER in Longwood, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Nicholas Financial full-time (More than 10 years)

    Pros

    Pay was OK. They finally got internet!

    Cons

    Where do I begin..The manager I had didn't know how to buy a deal if it slapped her in the face. She would find ways to " make a deal work" then hound the collectors because of bad deals. You've also got mangers, regional managers and corporate who are all on different pages. Everyone does stuff differently and it leads to mass confusion and mixed signals. These people don't know if they are coming or going. No training at all. Its a sink or swim situation. And don't ask for vacation time! And if you have kids or are pregnant this is not the place for you! You also are required to clean the office, bathrooms and take all trash out 9 mths pregnant or not. Insurance is expensive, no overtime. Most of the equipment they use is out dated ( dot matrix printers) . And it's like working in a high school with all the gossip.

    Advice to Management

    Get with it!! Learn how to buy deals. Train your staff. Don't tell your loan officers to buy deals that aren't within the company guidelines ex: telling loan officers to finance the unemployed, telling consumer loan officers to go to dealerships to get "small" deals when that's what indirect buying is for. Get on the same page as corporate.


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  5. "Branch Manager"

    Star Star Star Star Star
    Former Employee - Branch Manager in Marysville, OH
    Former Employee - Branch Manager in Marysville, OH

    I worked at Nicholas Financial (More than a year)

    Pros

    I cant think of any

    Cons

    They cant figure out what they want to do


  6. "Leadership"

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

    I have been working at Nicholas Financial full-time

    Pros

    I guess small company, some nice people, a lot of food choices in the area and your by the beach. Not to much good i can say honestly.

    Cons

    Where do I begin, this is not the place if you are young and actually take your job seriously. The environment is toxic along with discriminatory, No real professionalism just a bunch of good old boys who have worked here to long. There can be no real growth here, working long hours being counter productive no true leader ship and constant change to see what sticks to the wall. Antique computer systems, unrealistic expectations, 0 communication. You will never be recognized for all the good you do but you will be reminded and told if you you mess up!

    Advice to Management

    Get training on how to motivate staff and create a good working environment, form actual training classes and forecast better, when dealing with new initiatives, HR should be more involved in the hiring process, new hire on boarding, this is utter mayhem it will have you stressed out and burnt out. Teach your manager how to tactful and professional, relax your dress code you don't deal with the public face to face.


  7. Helpful (1)

    "Dont Appreciate All you do"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Birmingham, AL
    Former Employee - Administrative Assistant in Birmingham, AL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Nicholas Financial (More than 5 years)

    Pros

    average pay and ok hours

    Cons

    high turn overs and unprofessional ethics of district and regional managers.

    Advice to Management

    be nicer


  8. "Branch Manager"

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

    Pros

    Decent starting salary. That's about it. You make some good contacts in the industry and that's great but not much else good here.

    Cons

    Long hours, ridiculous expectations on a hard to sell program.

    Advice to Management

    Get it together


  9. "Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Specialist in Clearwater, FL
    Former Employee - Specialist in Clearwater, FL
    Positive Outlook

    I worked at Nicholas Financial full-time (More than a year)

    Pros

    Work was easy for the most part. Hours were normal. Lunches were an hour long.

    Cons

    Only a few people are corporate are genuinely nice people. Unqualified employees are in charge of making some super important decisions.

    Advice to Management

    Jimmy Durante said it best: Be kind to everyone on your way up, for you'll meet them again on your way down.


  10. "CSR Administration"

    Star Star Star Star Star
    • Career Opportunities
    • Senior Management
    Current Employee - Customer Service Representative Administrator in Ocala, FL
    Current Employee - Customer Service Representative Administrator in Ocala, FL

    I have been working at Nicholas Financial full-time (More than 3 years)

    Pros

    To help people with financial burden

    Cons

    Bad manager that likes drama


  11. Helpful (1)

    "Has gotten alot better"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Atlanta, GA
    Former Employee - Anonymous Employee in Atlanta, GA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Nicholas Financial full-time (More than 3 years)

    Pros

    It's not hard labor. Management (for the most part) treats you fairly. You also get a paycheck every couple of weeks. That's a bonus I guess....

    Cons

    Company has high overhead so it's hard for them to stay competitive with rates and fees. They rely heavily on relationships because the product itself isn't nearly the best option out there.

    Advice to Management

    Hire sales reps to cover certain regions. The burden on each individual branch manager to bring in business while running a branch effectively is just too much.


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