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
4.0
Oct 7, 2008
Recommend
CEO approval
Business Outlook

Pros

- Great people - innovative, motivated, loyal - Good chances to advance if you're willing to do the work - Leader in its field - this needs to be balanced against the fact that over 250 competitors have gone out of business - Surprisingly advanced in technology for the mortgage industry - more like a Commercial Bank in terms of its investment in IT

Cons

- The mortgage industry has imploded - Leadership revolving door has made it difficult to maintain focus - The company is in survival mode but this also has led to the ability to do things rapidly to "save the company"

3.0
Oct 1, 2008
Recommend
CEO approval
Business Outlook

Pros

Creative products and efficient processes at the Horsham based operations, especially in morgage servicing.

Cons

The merger with Minnesota RFC Subprime unit's strategy and asset holdings took pulled down the Horsham Prime GMAC Mortgage unit unfairly..... Current financial crisis and bailout, tells which sub. really had the right thinking and which was pie in the sky easy money.... If the companies were not merged, I believe GMAC corp would of just shut GMAC RFC down in its entirety in one motion... and Horsham based employees would of been less effected by the crisis...

2.0
Jul 22, 2008
Recommend
CEO approval
Business Outlook

Pros

Great coworkers, very hardworking and great mentors. Management / Executive pay is staggering compared to those below.

Cons

Limited opportunity within the company as well as the shrinking automotive finance market. GMAC is owned by Cerberus who eventually will sell the company once it turns it around, at that point look for more layoffs. Upper management has been stuck in their ways for years, and refused to change the company to compete with the market. Talent retention is a key failure at this company as everyone who works there is either new (0-2 years) or old (20 + years). Those in the middle were either fired, quit, or downsized which could create a large problem within the company in a few years.

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Glassdoor has 2,713 Ally Financial reviews submitted anonymously by Ally Financial employees. Read employee reviews and ratings on Glassdoor to decide if Ally Financial is right for you.