Finance (Current Employee) – New York, NY – April 25, 2018
Great place to work, if you put in the effort and challenge you are rewarded. Management can and have to change their tactics often to a fast paced business, systems are reliable and used by all. Drawback is the constant change which is needed can be a time consumer but also allows for flexibility. The people make Bankrate what it is, the people are the key to this business.
Bankrate was a terrific place to work until management got full of itself and overloaded the staff with useless meetings and wasteful process. And then came a sale that made things infinitely worse.
The company was sold in November 2017, and there have been several rounds of layoffs since that time. Jobs that were eliminated in the first round were recently posted, because management apparently had no idea how essential the positions were to the business. Many employees who were not cut have left voluntarily, in a big show of no-confidence.
At one point in time the company was a great place to work. Culture was great, cohesion between team members and management was decent, there was clear direction, and commensurate pay and benefits. Once upper management made the decision to jump ship and the company was vetted and later acquired, many changes and uncertainty caused a lot of turmoil within company, including the termination of roughly half of the staff, with the potential of more to come.
Inside Sales Specialist (Current Employee) – Denver, CO – March 15, 2018
A great place to work with full benefits. A typical day includes selling insurance leads to insurance agents via phone. I learned the in's and out's of the insurance business. The hardest part of the job is dealing with an insurance agent that is having a bad day. The most enjoyable is working with my coworkers.
Data Analyst (Former Employee) – Palm Beach Gardens, FL – January 4, 2018
Based on the pay, benefits and overall atmosphere of the company this started out as a dream job, but in a short amount of time became a nightmare. New management took over and they were only interested in dismantling the company in order to sell. Didn't think that jobs were still being outsourced to foreign countries but I was proven wrong.
Benefits, relaxed atmosphere, competitive pay
New management could only see dollar signs and not hardworking people
Lead Developer (Former Employee) – Detroit, MI – November 8, 2017
Though my time at Bankrate was relatively short, I got to watch my hiring manager be demoted then depart, a revolving door of other developers (with constant team re-organization), and an acquisition leading up to layoffs that impacted me. No go.
Free Wednesday lunch, occasional beer
Quarterly layoffs, constant team re-organization, bad managers
Multiple rounds of layoffs. Unreasonable hours. Claim "Unlimited Vacation" but good luck trying to take time off. Will randomly drop people that are vital to the business. Expect you to work 14 hour days and be on call all day, every day with no break. Lunch meetings galore. Unreasonable deadlines. Will promise the world and never deliver. They have another branch in NY and tend to hire people there after letting them go in PBG, FL. Claim they aren't planning to close the branch.
New leadership has no clue what is going on. They think by changing mere technology, they will beat the competitors. No work life balance. No raises for past employees. Hired many folks without much calculation.
Do NOT under any circumstances go work for this company. They walk people out on a daily basis. They literally should just have a revolving door. Don't let them fool you by saying they are getting rid of under-performers or "bad seeds". They get rid of great people doing outstanding jobs. Why? Well, I can't wait until they get audited and have to provide reasons to support why they terminated certain people.
They pay well but you'd be better off making minimun wage
N/A (Former Employee) – New York, NY – April 10, 2016
The work life balance is non-existent and the ever-changing environment with high turnover makes for an interesting workplace. Mgmt. does not value the input of staff as every decision is made from the highest lever only with no collaboration.