Rocket reviews

3.4

53% would recommend to a friend

(1,763 total reviews)
avatar

Varun Krishna

63% approve of CEO

47% positive business outlook

Reviews by job title

2K reviews

Reviews about "Compensation"

Return to all reviews
5.0
Aug 6, 2013
Recommend
CEO approval
Business Outlook

Pros

Compensation is high, upward mobility is endless, and friendliness is seen through out the company.

Cons

As a banker you work ridiculous hours with high stress. Your success is partly dependent on luck and the leads you are given.

2.0
Jul 20, 2013

A place like none other

Recommend
CEO approval
Business Outlook

Pros

Company is stable. Good 401K Good benefits

Cons

Quicken Loans demands that they come first before anything or anyone else in your life. Their culture is geared for a 12 year old. The hours are excessive and not worth the money you are paid. Quicken is difficult on any relationship you may have or want to have. Top performers at Quicken generally marry immigrants that are basically slaves in the relationship. You are continually reminded that if you do not drink the Kool Aid or follow their insane rules, "You will not have a job at Quicken Loans!" Criticism is constant. One of the "amazing" thinks at Quicken is their lack of professionalism. They make you comply with a theme day dress code. How professional do you think pajama day is? On April Fool's day, Dan Gilbert, sent out a company wide email at 4:45 PM saying that nobody would be able to get to their cars out of the parking garages due to a garage employee strike. If that this all sounds like a cool culture and great place to work, then Quicken is the place for you. No matter how great an employee you are, Quicken will find a way to demean you. Professionals with integrity, a life, and good personal relationship need not apply.

2.0
Jul 6, 2013
Recommend
CEO approval
Business Outlook

Pros

Very good training. At times a fun place to work at.

Cons

Expect you to work 11 hrs a day with 1 Saturday a month, but asked about every week if you are working this weekend. Commission pay plan constantly changes to reduce pay per unit when the market favors high production. Always looking for a way to reduce your commission pay and increases the required numbers to write loans in order to not be demoted and pay you less. Highly micro-managed. Expect you to write the same amount of loans as the next banker, however they give better leads to their favorite bankers. Most of the time, clients on the phone ask were I am because of all the yelling and music playing. When informing management of this,they just say ignore the noise? Work/Life Balance there is very little. Yes its sales ,however just nuts on the time they except you to work and try to take a vacation and you will pay hell trying to make sure you write your expected numbers to not be demoted.

Viewing 1744 - 1746 of 1,763 Reviews

Glassdoor has 6,527 Rocket reviews submitted anonymously by Rocket employees. Read employee reviews and ratings on Glassdoor to decide if Rocket is right for you.