Ally Financial reviews

3.7

68% would recommend to a friend

(2,387 total reviews)
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Michael Rhodes

60% approve of CEO

54% positive business outlook

Ally Financial has an employee rating of 3.7 out of 5 stars, based on 2,387 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Ally Financial employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

2K reviews
2.0
May 13, 2009

Do not judge a book by it's cover.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Growth opportunity. Employees are the nicest people you could ask to work with.

Cons

Too much separation between senior management and staff. An environment that lacks trust.

1.0
Mar 8, 2009
Recommend
CEO approval
Business Outlook

Pros

The health benefits are currently more generous than the ones given by competitors. However, as each year passes, these benefits are quickly becoming less generous and more on par with every other company. A new hired employee will receive about a month of vacation. The downside to this is that there are no other days off from work except for the national holidays. If an employee wants to take the week between Christmas and New Year's Day off, that employee will have to use vacation time to do so. There is also a stupid rule where employees are not given any sick days off from work. If an employee is sick, he/she will have to use a vacation day. This just forces every employee who is sick to come in the office and get other employees sick as well.

Cons

There are currently no promotional or career advancement opportunities. Any task an employee is given to complete is actually given to at least one other employee to complete as well (this is GMAC's way to verify the task is completed without any errors). It is a complete waste of time to know that the work you are completing is redundant. Senior Management is completely incompetent. A large majority of them are completely useless (the only reason they are still there is because they have been with the company for so long and they don't want to retire yet and the company doesn't want to push them out). So the result is useless jobs/positions are kept for the purpose of giving these "managers" something to keep them busy. GMAC's position on the treatment of customers during the current difficult economic environment is that they have been conducting business as usual. However, this is not the case. It has been verbally communicated to employees to terminate a number of dealships' floorplan. This will be completed by requiring the dealership to meet contingencies that GMAC knows they cannot meet. Employees are also encouraged to "find" any other excuse to terminate the relationship. The end result is to hope the dealership cannot find any other financing source and the dealer will be forced to shut down. This is a top priority to be completed in order to help GM achieve their goals for viability or to make as much progress as possible.

4.0
Feb 10, 2009
Recommend
CEO approval
Business Outlook

Pros

GMAC is now a stable and well positioned company for future growth in a financial industry struck with significant set-backs. Senior leadership is commited in word and action to provide all employees with a work/life balance that is productive for the company yet enables the associate to spend quailty time with their family through remote access or flexible work hours.

Cons

There are many challenges ahead to meet the new BHC status and uncertainties remain around the new company structure forthcoming.

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