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Discover Financial Services Overview

Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.
The staff at Discover Financial Services come from unusually diverse demographic backgrounds. The company is 55.9% female and 36.3% ethnic minorities. Discover Financial Services employees are more likely to be members of the Democratic Party than the Republican Party, with 61.7% of employees identifying as members of the Democratic Party. But those numbers could change quickly because the turnover rate at Discover Financial Services is relatively high. Employees at Discover Financial Services stay with the company for an average of 2.9 years before leaving. The average employee at Discover Financial Services makes $61,363 per year. Pay at Discover Financial Services is significantly lower than some of its highest paying competitors, like Mastercard, PayPal, and HSBC North America Holdings, which pay $105,555, $97,799, and $79,071, respectively.
Discover Financial Services is an industry leader with 15,549 employees and an annual revenue of $7.2B that is headquartered in Illinois.

The Organization’s Mission

To help people spend smarter, manage debt better and save more so they achieve a brighter financial future.

Perks of Working at Discover Financial Services

Alaska Business Monthly readers voted First National the "Best Place to Work in Alaska." For two years in a row. If you want to be part of this business, there are lots of job openings available.

Industry

Financial services

Revenue

$7.2B

Employees

15,549

Founded in

1985

Headquarters

Riverwoods, IL

Website

www.discover.com

Organization Type

Public

Is This Your Company?

The Team At Discover Financial Services

Key People
  • David Nelms (Executive Chairman)
  • Roger Hochschild (ceo)
The Inside Scoop
First National's commitment to safe, sound management of your money is not simply a response to a troubled economy. Since the beginning, First National Bank Alaska has been committed to serving Alaskans, starting with its opening in Anchorage in 1922. Now, nearly a century later, with 28 branches in 18 communities.
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The Culture At Discover Financial Services

Information provided by the company
At Discover, be part of a culture where diversity, teamwork and collaboration reign. We are as focused on our employees as we are on our customers-and we've been consistently awarded for both. Be the reason we help millions of people build a brighter financial future, and achieve yours along the way.
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At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers and is consistently awarded for both. We're all about people, and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.
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We're all about people, and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.
At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers and is consistently awarded for both.
Willing to work in an environment that is welcoming, open, transparent, curious, collaborative, challenging, results-driven, and fun!
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Discover Financial Services Reviews

Zippia Official Logo

4.0

Zippia UserFebruary 2021

4.0

Zippia Official LogoZippia UserFebruary 2021

What Do You Like About Working There?

Great company, great benefits, they take care of you as best they can Show More

What DON'T You Like About Working There?

the job itself of customer service Show More

What Are Your Favorite Benefits/Perks?

tuition reimbursement Show More
Zippia Official Logo

1.0

Zippia UserJanuary 2021

1.0

Zippia Official LogoZippia UserJanuary 2021

What Do You Like About Working There?

Nothing! Show More

What DON'T You Like About Working There?

Low pay, no room for advancement, management (at all levels) touts wanting employee engagement and feedback but refuses to accept any and still does what they want to do. No support or trust with Human Resources. This company is so censored and controlling when it comes to their employees, it is so disheartening! If management or Human Resources didn't agree with your feedback and you protested against it, they would find many loopholes on how to harass you and retaliate against you. It is just sickening the things that their management and Human Resources staff is able to get away with. So if you value your sanity, do not work for this company! Show More

What Are Your Favorite Benefits/Perks?

Nothing! Show More
Zippia Official Logo

3.0

Zippia UserJanuary 2021

3.0

Zippia Official LogoZippia UserJanuary 2021

What Do You Like About Working There?

Having a direct impact on what the team accomplishes and being able to provide that impact to the client/customer. Show More

What DON'T You Like About Working There?

Nepotism Show More

What Are Your Favorite Benefits/Perks?

401K Match Show More
Zippia Official Logo

3.0

Zippia UserJune 2020

3.0

Zippia Official LogoZippia UserJune 2020

What Do You Like About Working There?

The atmosphere was really fun! People were mostly all friendly Show More

What DON'T You Like About Working There?

Call center. I just couldn’t stay on the phone all day and sit Show More

What Are Your Favorite Benefits/Perks?

PTO! There was a lot of PTO available Show More
Zippia Official Logo

3.0

Zippia UserJanuary 2020

3.0

Zippia Official LogoZippia UserJanuary 2020

What Do You Like About Working There?

I don’t like working here. Show More

What DON'T You Like About Working There?

People are not friendly and pick favorites. Show More

What Are Your Favorite Benefits/Perks?

Insurance. Show More
Anonymous review of Discover Financial Services

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Discover Financial Services Rankings

Discover Financial Services is ranked #23 on the Best Fortune 500 Companies to Work For in Illinois list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Discover Financial Services Salaries

How much does Discover Financial Services pay?
The national average salary for a Discover Financial Services employee in the United States is $61,363 per year. Employees in the top 10 percent can make over $113,000 per year, while employees at the bottom 10 percent earn less than $33,000 per year.
8.1
Salary Score
Average Employee Earnings

Discover Financial Services Salaries By Job Title

While the average employee salary at Discover Financial Services is $61,363, there is a big variation in pay depending on the role. Some of the job titles with high salaries at Discover Financial Services are team leader, project manager, senior associate, and consultant. A worker with the title team leader salary at Discover Financial Services can earn an average yearly salary of $117,885. To get a better sense of the salaries at Discover Financial Services, other roles such as cashier and data entry clerk can be considered as well. For comparison, the title cashier at Discover Financial Services earns $26,997 per year.
Job Title
Title
ascdesc
Average Salarydesc
Team Leader
Salary Range105k - 131k$118k$117,885
Project Manager
Salary Range80k - 119k$98k$97,896
Senior Associate
Salary Range78k - 110k$93k$92,835
Consultant
Salary Range71k - 106k$87k$87,028
Mortgage Banker
Salary Range66k - 109k$85k$85,422
Recruiter
Salary Range71k - 95k$83k$82,780
Business Analyst
Salary Range70k - 92k$81k$80,858
Manager, Project Management
Salary Range63k - 82k$73k$72,508
Account Manager
Salary Range55k - 87k$69k$69,408
Trampoline Team Coach
Salary Range56k - 77k$67k$66,638
$29k
$131k

Discover Financial Services Careers

On average, employees at Discover Financial Services stay with the company for 2.9 years. Employees most commonly join Discover Financial Services after leaving JPMorgan Chase. When they leave Discover Financial Services, they most frequently get their next job at Wells Fargo.

Average Length of Employment

Mastercard
3.8 years
Capital One
3.0 years

Top Employers Before Discover Financial Services

Walmart
9.2 %

Top Employers After Discover Financial Services

Discover Financial Services Employee Demographics

9.9
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Discover Financial Services Employees Education

Of the 15,549 employees at Discover Financial Services, 12.8% attended Salt Lake Community College. Employees at Discover Financial Services most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

Do you Work At Discover Financial Services?

Help us make this company more transparent.

Discover Financial Services Employee Political Affiliation

Discover Financial Services employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Discover Financial Services employee was by David Nelms. David Nelms donated $105,200 to the Republican Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
David NelmsBanker
David Nelms
Banker
Banker
Republican Party
Republican Party
$105,200Republican Party
$105,200
Roger HochschildPresident
Roger Hochschild
President
President
Democratic Party
Democratic Party
$50,900Democratic Party
$50,900
John HaganPhysician
John Hagan
Physician
Physician
Republican Party
Republican Party
$46,562Republican Party
$46,562
John DoanePhysician
John Doane
Physician
Physician
Republican Party
Republican Party
$14,450Republican Party
$14,450
Harit TalwarBanker
Harit Talwar
Banker
Banker
Republican Party
Republican Party
$11,900Republican Party
$11,900
Diane OffereinsExecutive Vice President
Diane Offereins
Executive Vice President
Executive Vice President
Democratic Party
Democratic Party
$11,850Democratic Party
$11,850
Thomas ClarkSenior Business Manager
Thomas Clark
Senior Business Manager
Senior Business Manager
Democratic Party
Democratic Party
$9,705Democratic Party
$9,705
Mark GrafExecutive Vice President
Mark Graf
Executive Vice President
Executive Vice President
Republican Party
Republican Party
$9,000Republican Party
$9,000
Kareem DaleAttorney
Kareem Dale
Attorney
Attorney
Democratic Party
Democratic Party
$8,000Democratic Party
$8,000
Glenn SchneiderExecutive
Glenn Schneider
Executive
Executive
Republican Party
Republican Party
$7,500Republican Party
$7,500
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Discover Financial Services Financial Performance

9.7
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1985

Organization type

Public

How Would You Rate The Company Culture Of Discover Financial Services?

Have you worked at Discover Financial Services? Help other job seekers by rating Discover Financial Services.

Discover Financial Services Competitors

Competitors of Discover Financial Services include Mastercard, PayPal, and HSBC North America Holdings. The wages at Mastercard average higher than the other similar companies, where the median salary is $105,555 per year. Employees at PayPal earn an average of $97,799 per year, and the employees at HSBC North America Holdings earn an average salary of $79,071 per year.
Companydesc
Average Salarydesc
Mastercard
Salary Range83k - 133k$106k$105,555
PayPal
Salary Range78k - 122k$98k$97,799
HSBC North America Holdings
Salary Range57k - 109k$79k$79,071
American Express
Salary Range56k - 107k$78k$77,853
Automatic Data Processing
Salary Range57k - 101k$76k$76,175
American International Group
Salary Range49k - 95k$68k$68,329
Citi
Salary Range46k - 97k$67k$67,460
Capital One
Salary Range46k - 87k$64k$63,924
First Data
Salary Range45k - 89k$64k$63,603
First American Financial
Salary Range44k - 87k$62k$62,386
$26k
$133k

Frequently Asked Questions about Discover Financial Services

When was Discover Financial Services founded?

Discover Financial Services was founded in 1985.

How many Employees does Discover Financial Services have?

Discover Financial Services has 15,549 employees.

How much money does Discover Financial Services make?

Discover Financial Services generates $7.2B in revenue.

What industry is Discover Financial Services in?

Discover Financial Services is in the financial services industry.

What is Discover Financial Services's mission?

Discover Financial Services's mission statement is "To help people spend smarter, manage debt better and save more so they achieve a brighter financial future."

What type of company is Discover Financial Services?

Discover Financial Services is a public company.

Who are Discover Financial Services's competitors?

Discover Financial Services competitors include Bank of America, Capital One, Mastercard, American Express, Citi, Synchrony Financial, Fifth Third Bank, MetLife, Xerox, First Data, PayPal, KeyBank, HSBC North America Holdings, Anthem, First American Financial, Ally Financial, American International Group, Humana, Automatic Data Processing, Travelers.

Who works at Discover Financial Services?

David Nelms (Executive Chairman)

Roger Hochschild (ceo)

Are You An Executive, HR Leader, Or Brand Manager At Discover Financial Services?

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Discover Financial Services, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Discover Financial Services. The employee data is based on information from people who have self-reported their past or current employments at Discover Financial Services. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Discover Financial Services and its employees or that of Zippia.

Discover Financial Services may also be known as or be related to DISCOVER FINANCIAL SERV, Discover, Discover Financial Services and Discover Home Loans Inc.