PENNYMAC reviews

Below market compensation, outdated work culture, and lack of work recognition. Management tends to only promote those that they personally favor. It is not based on merit at all. They refuse to recognize and promote younger analysts and, instead, focus on promoting FVP's and SVP's. It is impossible to go from analyst to VP level unless you started between 2008 and 2010, when the company was first founded. The company also does not understand how younger generations think. It is their most significant flaw. Management continues to complain about how they fail to retain younger employees, but they are unwilling to tackle the real issue of company culture.