Shrinking Under New Leadership - Trainer Rocket Employee Review

1.0
Dec 13, 2024
Recommend
CEO approval
Business Outlook

Pros

Overall collegial atmosphere within the overall organization. ISMs (when respected/followed by senior leadership) can help provide clarity into the WHY behind many business decisions. Love my teammates and immediate leadership.

Cons

Director-level and up is RIFE with WHO is right, not WHAT is right. Pay is abysmal. Depending on the role, you'll nearly double your salary doing the same thing elsewhere. Benefits are mid to bottom tier in terms of corporate offerings. Director-level and up tenure is shockingly long (10+yrs), while rank-and-file & team leader tenure is 2-3yrs at most. This reeks of cronyism and it's evident in many business areas. New CEO (Varun Krishna) seems to be stripping the org for parts and streamlining. Business areas like RKT Homes, Loans, and other niche, low-revenue generating areas should likely dust off their resumes. Compensation philosophy is to hire kids fresh out of school or folks in career transitions who don't know how poorly they're paid and milk them for as long as possible. Once you're spent, they'll lay you off with a meager severance.

Explore other reviews about Rocket

5.0
Jun 29, 2026
Recommend
CEO approval
Business Outlook

Pros

Great benefits and a fantastic culture!

Cons

Long hours and always changing

2.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

Health Benefits; Remote Availability; Base Salary

Cons

Leadership is lost, Heather Lovier at the helm is driving banking force to the ground. Many bankers going on leave and quitting. Constant change in comp plan for the worse in a difficult rate environment with high inflation in the economy is a recipe for disaster. Team leaders are scared of their own shadows, no say in direction while upper leadership stare at spreadsheets to make decisions instead of having a real pulse on what’s really happening on the front line. Banker morale at an all time low.

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