Loans - Senior Personal Loans Underwriter Discover Employee Review

2.0
14 Apr 2015
Recommend
CEO approval
Business outlook

Pros

Good incentive, good benefits, great coworkers when they are not frustrated about not being able to tell the truth about what they see. It's a good company with some issues but it can be fixed if the company actually realizes the issue.

Cons

The pay is low for what you do, doesn't matter how many years you've been there (10-15 loyal years) someone hired 6 months ago can make more than you because the cost of living has raised, but at the same time you don't get the cost of living raise because you "already make enough" yet they are STARTING someone else (same level as you) above you. You are also TEACHING these people how to do their jobs but they still make more than you. No matter how many years/how well you know your job it's not as important has having a degree when it comes to getting promoted. Your coaches and team leaders come to you (someone who is more experienced than them) for help troubleshooting a problem even though you are only a "rep" who answers calls. It's unfortunate to know that experienced individuals are getting passed up for leadership positions because they don't play the politics game. The company wants to reach a certain profitability, yet you have imbeciles leading their "peers" to greatness. Reps.. Knowing more than coaches and some team leaders but they don't have the "exposure" to be treated as equals. Things would happen in a more fluid way if everyone were on the same page.

Explore other reviews about Discover

5.0
28 Mar 2026
Recommend
CEO approval
Business outlook

Pros

One of the most significant advantages of interning at Discover is the opportunity to work with massive, high-stakes financial datasets within a highly collaborative and mentorship-driven culture. Because the company manages millions of consumer accounts, you gain direct experience in how data-driven decisions impact risk management, credit modeling, and fraud detection in real time. The environment is known for being supportive of early-career professionals, offering structured learning paths and exposure to modern cloud-native infrastructures like AWS. Furthermore, the company’s strong focus on work-life balance and a clear pipeline for converting interns to full-time roles makes it an excellent "foot in the door" for anyone looking to build a career in fintech.

Cons

On the other hand, the primary drawback often stems from the inherent bureaucracy and heavy regulation of the banking industry, which can lead to slower project lifecycles and "red tape." You may find that a significant portion of your time is spent on repetitive data cleaning and maintaining legacy reporting systems rather than building the cutting-edge predictive models you might expect. Additionally, because Discover is a massive organization, your scope of work can sometimes feel siloed, making it difficult to see the end-to-end impact of your analysis across different departments. Finally, the current landscape of the industry means that internal shifts or large-scale corporate restructuring can occasionally lead to uncertainty regarding team directions or long-term project stability.

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