good starter company to lead into banking but that’s it - Branch Manager OneMain Financial Employee Review

1.0
6 Jul 2023
Recommend
CEO approval
Business outlook

Pros

Good benefits , work- life balance , and I guess you can count rapid advancement because of turnover

Cons

Lack of bonus payout / low base pay for while upper management executives continue to get paid millions. The company routinely boats healthy quarterly profits while not paying hard working employees a living wage. Sad to say, several of my team members work a second job to make ends meet……This use to be great company to work for, but corporate mentality changed from taking care of the employees they in turn will take care of your customer to : only care about shareholders and profits. Your bonus monthly is solely dependent on you collecting payments from customers with poor credit. Around the time covid hit a lot of customers started to default and as a result the bonuses dried up. This wouldn’t be an issue if the base pay was fair but it’s not you can’t live on that alone. Upper management routinely cascades the message down to recruiting that a lot of team members make up pay with our very lucrative bonus structure. Not true anymore. The company is hemorrhaging seasoned team members and can’t seem to figure out why ? It’s the pay or lack there of that couples with the sense that corporate officers could truly care less about their workers on the front line. I think I speak for everyone at the company when I say year end raises at .10 to .40 cents / hr is just insulting.

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OneMain Financial Response
2y
Thanks for your candid review. We are sorry to hear your frustrations regarding pay. Our compensation and benefits package are evaluated and guided by a set of company principles that are regularly reviewed. Specifically, as part of our evaluation process our pay and salary ranges are informed and adjusted based on industry standards, general pay practices, and geography. Please consider taking the time to talk with your HRBP about your concerns. - ck

Explore other reviews about OneMain Financial

5.0
5 May 2026
Recommend
CEO approval
Business outlook

Pros

Collaborative work environment, hybrid schedule, great leadership

Cons

None so far this year

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OneMain Financial Response
1mo
Thank you for sharing. We are happy to hear about your positive experience.
1.0
19 May 2026
Recommend
CEO approval
Business outlook

Pros

Your peers. I have a great group of co-workers though multiple have left because of HORRIBLE direct management in the AM department.

Cons

Low hourly pay. Tricky incentives. Shark like environment. Terrible and I mean TERRIBLE managers. Favoritism runs rampant at this place and goes unchecked. Lazy, incompetent department manager makes up his own rules (you MUST use your break time to go the bathroom) which goes endorsed by his superiors and HR. Reward people who live at that place and work insane OT hours because of the low pay, but crap on people working the normal amount of hours because you’re based on the “average”. Truly one of the worst management staffs I have ever seen coupled with lackadaisical training and one of the dumbest rules I’ve ever heard of…you must be at One Main for ONE ENTIRE YEAR before you can transfer out of the department or move up. Trust me when I say run as far away as you can from this place.

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OneMain Financial Response
3w
Thank you for sharing your feedback. We're committed to fostering a positive and transparent workplace and value our team members input. If you'd like to provide additional details, please feel free to reach out to HR for review.
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