Rocket reviews

3.4

53% would recommend to a friend

(5,631 total reviews)
avatar

Varun Krishna

64% approve of CEO

48% positive business outlook

Rocket has an employee rating of 3.4 out of 5 stars, based on 5,631 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Rocket 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

6K reviews
2.0
May 4, 2021
Recommend
CEO approval
Business Outlook

Pros

The SAFE training is the best training I have ever received in any job. If you get certain states you will get almost non stop leads - doesn't mean they are good, but you will be busy. People are making money - they will share their paystubs - regularly, you won't have to ask. They pay for all your training, educations, and licensees.

Cons

The company culture in banking is like the movie boiler room x 10 - this is not a Fintech company, or a banking company, it is a telemarketing company - period. They technology they boast about is decades old - DOS era, and clunky is probably the best way to describe it. There are tons of young dudes cranked up on Adderall making 150k+ a year and still on their parent's insurance. You will make 1000+ phone calls a day, six days a week for 3+ months to pay your dues to get to banking, then be dropped in like a hot rock with no training on how to write loans. If you are lucky to get a good boss man (they are all men BTW), you might do okay, but you'll be micromanaged to the point of where you have to ask to go to the bathroom. If you like having 6 meetings a day where the boss just talks about how great he is, you'll love it. If you want to hear inspirational stories about how frat boys from Michigan State overcame zero obstacles to rise to fame and fortune at QL you will love it too. If you like cultish Amway, and MLM style motivations - the ISMs will cover that for you too. The positivity is full on toxic most of the time. Do not believe the recruiter about hours or the schedule - it's 6 days a week, at least (the schedule is the MINIMUM amount of work required and can/will be changed at any time before, during, or after work.) Do not plan on talking to anyone but your new friends at QL for the foreseeable future. Do not believe that you will be in charge of your own business. There are almost as many DMBs, RVPS, VPs, Partners, etc as bankers - you will be micromanaged by these dudes - again at least 95% dudes. Oh, and let's talk about all those hours and OT - after you get into banking your OT is no longer time and half pay - it is 'half-time' meaning you'll get about $5/hr for anything over 40 hours in a week your first few months in banking. The RVPs take advantage of this and will work you from 8am-9pm daily. They put a spin on it like it's good, "We are letting you work so you can take advantage of all the opportunity!" I have no idea how they get away with paying so little for OT, but even if it is against the law the company has so much money they will just fight any lawsuits. Also, remember that even if they are paying and sponsoring your NMLS license, YOUR NAME is going on all those applications - do not let them force your to say things that are not true or not provide the proper disclosures.

1.0
Apr 4, 2021
Recommend
CEO approval
Business Outlook

Pros

Fun office space. That’s about it

Cons

Cult-like mentality (that they’re proud of,) low pay, long hours, extreme work load, NO WORK/BALANCE, constant pressure to produce even more... it’s a toxic place. They purposefully recruit lower/lower-middle income students and young adults and promise them a life beyond their wildest dreams. What they don’t tell you is how bad they’ll treat you for it.

1.0
Mar 2, 2021
Recommend
CEO approval
Business Outlook

Pros

Certain areas of the company have flexibility and genuinely good folks to work with.

Cons

Very low salary for very high work output. A lot is demanded of you and expected of you for very little reward. The business thinks very lowly of IT, including the President of the company who on multiple occasions has stated that IT “sits in their ivory tower” and doesn’t want to work hard. My experience was working weekends to deliver projects that were underdone just to appease the C-Suite gods and then get yelled at when things are broken. They have ISMs which are supposed to support the culture and team members. This is all rah-rah kool-aid talk that ends at the director level and above. I foresee more and more corporate style roadblocks and problems in QLs future if they keep pushing for world domination style tech delivery.

Viewing 163 - 165 of 5,631 Reviews

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