Bread Financial reviews

4.3

85% would recommend to a friend

(1,725 total reviews)
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Ralph Andretta

92% approve of CEO

84% positive business outlook

Bread Financial has an employee rating of 4.3 out of 5 stars, based on 1,725 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Bread 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
Dec 4, 2022
Recommend
CEO approval
Business Outlook

Pros

Stable No layoffs Great Career opportunity Diverse Team members

Cons

Not Applicable. I was happy with the work life balance but I had different commitments.

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Bread Financial Response
3y
Thanks for sharing your feedback about Bread Financial being a stable company with great career opportunities and a diverse workforce!! We think we have a pretty great approach to work-life balance as well-being is very important to our culture... so important, in fact, we have an entire program and team dedicated to "Living Well" which provides resources and support in various forms that address the many aspects of wellness -- physical, psychological, financial, community, social, and personal productivity. You can learn more about our benefits by visiting our public benefits fair here: https://breadfinancialvbf.com/fair/index
4.0
Dec 2, 2022
Recommend
CEO approval
Business Outlook

Pros

Day 1 benefits, pay, and team culture

Cons

Maternity leave and Parental leave are severely lacking and outdated with only 6 weeks at 100% pay. All their competitors offer 18 to 20+ weeks at 100% pay. Only 6 weeks offered, after giving birth, is not competitive at all. We need lower bi-weekly premiums for the PPO plan and a much lower OOP maximum on all 3 plans offered - not competitive with their competitors. It’s a 2k OOP maximum for the PPO plans with competitors. All the OOP maximums are very high!!! 4K to 8k + for just employee is way too much! Extra sick day to 80 hours a year & a personal day to use to be comparable to what other banks offer. More vacation time and the option to buy an extra week. Other banks start their new employees at 3 weeks off for PTO and offer the option to buy a week at annual enrollment. Vision - Frames every 24 months, should be changed to every year to be competitive. All their competitors have a yearly frames allotment. Long term care insurance options should be offered. Child care $$$$ Child care plus program - Their competitors are offering employees a $250 to $275 monthly child care reimbursement, per child. A monthly contribution to employees student loans would be a nice benefit to offer. Another volunteer day. Other banks offer 16 hours of paid volunteer time.

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Bread Financial Response
3y
Thanks for your feedback on our benefits. We've shared your feedback with our Benefits Team leaders so they have visibility to your specific areas of concern. We are proud to offer Parental Leave to new parents (both mothers and fathers) for the purpose of bonding with a newborn, newly adopted child, or long-term foster care child in his or her legal custody. We've made lots of improvements to our benefit offerings this year, which includes introducing new benefits and expanding others to help our associates care for their total wellbeing and to help our company attract and retain top talent. FUN FACT: Bread Financial pays approximately 82% of the total cost of the associate's health insurance policy premium and only passes along 18% of the cost to the associate. That's a pretty good split in cost for the associate!
3.0
Nov 28, 2022
Recommend
CEO approval
Business Outlook

Pros

Bread is a great company to work for, but recent management shifts have caused concern. - Benefits package is top notch - Unlimited PTO for salaried employees - Set your own schedule (but there's a catch) - Numerous growth opportunities - Senior management is fantastic (VP and up)

Cons

- Very little to no schedule flexibility once you set your schedule - Middle management's moral compass doesn't follow the companies, creating an often toxic environment - Mandatory overtime for associates and supervisors - Pay typically falls on the mid to low end, with salary reconsideration not an option

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Bread Financial Response
3y
We appreciate your balanced perspective of your experience working with us -- especially since you've been here such a long time!! We're glad to hear you love the benefits and the unlimited FTO (Flexible Time Off). Scheduling will always be a point of contention. As long as we provide 24/7 phone support to our customers, there will always be a preference for more standard shifts, right? Fortunately, you get the ability to set a schedule that works for you and your lifestyle. Just like committing to a college class schedule, once an associate selects their availability and schedule, we rely on them to be available during that shift. Our workforce management team definitely attempts to find a work schedule that works for the associate!! Thanks for the compliments to senior leadership too!
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Glassdoor has 1,795 Bread Financial reviews submitted anonymously by Bread Financial employees. Read employee reviews and ratings on Glassdoor to decide if Bread Financial is right for you.