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      PENNYMAC

      Engaged Employer

      PENNYMAC reviews

      3.0

      44% would recommend to a friend

      (1,560 total reviews)
      avatar

      David Spector

      51% approve of CEO

      46% positive business outlook

      Ratings by category

      3.7

      Diversity & inclusion

      3.2

      Culture & values

      3.0

      Compensation and benefits

      2.9

      Work/Life balance

      2.9

      Career opportunities

      2.8

      Senior management

      PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,560 company reviews on Glassdoor which indicates that most employees have an average working experience there. The PENNYMAC employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

      Ratings by demographic groups

      Reviews by job title

      2K reviews
      3.0
      Feb 20, 2016

      Ok

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Close to home for those living East of the Valley Engaged in improving employee culture Offers programs for managers to develop skills and for career growth Consistent bonus structure Opportunity to learn several job roles (analyst level); they often move people around within a division Company pays larger portion of health care with participation in Vitality Program

      Cons

      Lack of clear promotion/career advancement path, especially at analyst/specialist level (Essentially) no raise without promotion, and with promotion often takes 6-12 months for raise Benefits could be better-health care became expensive, no flexibility in time off, no work from home for most employees, etc.

      1.0
      Feb 18, 2016

      Everything Corporate America, but worse

      Anonymous employee
      Recommend
      CEO approval
      Business Outlook

      Pros

      Employees (outside of some self-interested senior management) are good people and try to make the best of it.

      Cons

      If you are just comparing competitors in the local area, it is worse culture, worse benefits yet this company does not give much in raises, splits the bonuses (which are paltry), does not give raises with promotions, stock bonuses might as well be worthless...see its stock down over 25% from a year ago - enjoy inevitably getting laid off if you think the pros outweighs the cons...the company saving money now is not going to come back to you in the form of job security when business slows down. Be proactive and look elsewhere now! Sycophant manager is unworthy of having people under him. Not interested in his subordinates progressing in their careers if it threatens his comfort.

      2.0
      Feb 10, 2016

      Overworked and Under Appreciated

      Servicing
      Recommend
      CEO approval
      Business Outlook

      Pros

      Food trucks are nice..the coworkers are great too. Potential canidates please dont accept the first offer you receive..you may be stuck at tjat pay for years!

      Cons

      No work life balance, best promotiin increase is 4% which isn't beter than a merit raise at most companies...no clear pathway for advancement. If you are not friends with the right people you will be stuck for a long time.

      Viewing 1471 - 1473 of 1,560 Reviews
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      ReviewsPENNYMAC reviews

      Glassdoor has 1,675 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.