Ally treats employees fairly but slow to change with the times - Risk Analyst Ally Financial Employee Review

3.0
Jul 27, 2019
Recommend
CEO approval
Business outlook

Pros

-fair pay -good 401K benefits -decent work/life balance

Cons

Ally is very slow to adapt and change with the times...an 'old school' company very set in its ways. Questioning why certain job functions are performed, or if there is a better way of doing things, is not really encouraged. This leads to a lot of redundant or low-value-adding tasks in performance of your job, which doesn't exactly lead to a sense of fulfillment or personal accomplishment. Also, employees aren't necessarily recognized for their accomplishments in any meaningful way. I worked there for over a decade; I always received exemplary reviews from my managers, but it never translated into substantial bonuses or raises. The biggest promotion/raise I received was two years into my tenure, and then my salary struggled to keep up with inflation after that, despite all the additional experience and knowledge I accumulated. I also found out I was passed over for a job that I applied for because of the perceived value of an outside hire (the hiring manager didn't want to miss the opportunity to bring an external applicant into the company; to me this implied that they assumed after 10+ years I would always be around and that there would always be another chance to hire me into a new role....this decision ultimately played a strong role in my leaving)...basically demonstrating they don't put much stock in people who know and understand the company's culture and systems. Being an incumbent will actually put you at a disadvantage when trying to advance.

Explore other reviews about Ally Financial

5.0
Jun 8, 2026
Recommend
CEO approval
Business outlook

Pros

Competeive pay, Great benefits, and bonuses.

Cons

It can be a stressfull and competitive atmosphere.

3.0
Jun 11, 2026
Recommend
CEO approval
Business outlook

Pros

Great benefits and affordable healthcare Hires excellent talent Progressive and current on the bank side Visible female leadership representation Many ways to be involved through employee culture programs and speakers to quickly build an internal network Will help move internally if stagnated Low turnover Bonuses were reliable Took care of employees through pandemic Very nice new Charlotte building and new Detroit floors including fully outfitted gyms and rest areas like golf swings and cool chairs Offices are near places to walk for lunch or take a break Bank holidays and decent PTO that was respected if you prepare

Cons

Low-to-middle market compensation Culture changed post-pandemic and then with government pressures on DEI Lots of red tape with an expectation to move faster than employees can Layoffs started happening with CEO change, and it was odd that top performers were let go Only 3 POC represented in Board and Executive Leadership and twice as many men as women Perfectionism and performative culture Auto business is archaic Everyone has to work a lot and you hear horror stories about IT goes through There's an expectation that you should work some more after you get home. Penalized for not buyng into the koolaid, but also penalized if you do but not doing it frequently enough Low turnover prevents meaningful career & salary growth for many employees who have been there 10+ years Encourages openness and authenticity only to get met with barriers as soon as you do

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