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Synchrony Financial Overview

Synchrony is a consumer financial services company headquartered in Stamford, Connecticut, United States.
The staff at Synchrony Financial come from unusually diverse demographic backgrounds. The company is 55.6% female and 34.5% ethnic minorities. Even though it has great demographic diversity, Synchrony Financial notably lacks in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 81.0%. Despite having coworkers who agree with each other about politics, employees at Synchrony Financial tend to have relatively short tenures. Staff members usually stay with the company for 1.6 years. The average employee at Synchrony Financial makes $43,218 per year. Pay at Synchrony Financial is significantly lower than some of its highest paying competitors, like PayPal, Automatic Data Processing, and American International Group, which pay $97,799, $76,175, and $68,329, respectively.
Synchrony Financial is an industry leader with 16,500 employees and an annual revenue of $14.8B that is headquartered in Stamford, CT.

The Organization’s Mission

To improve lives by individualizing sleep experiences.

Perks of Working at Synchrony Financial

Their culture differentiates them from other companies. It guides, shapes, inspires and unites them. No matter what their background or experience, no matter where they sit or what they do, their culture gives them something in common. They also provide career growth framework to focus on employee development.

Industry

Financial services

Revenue

$14.8B

Employees

16,500

Founded in

2003

Headquarters

Stamford, CT

Website

www.synchronycareers.com

Organization Type

Public

Is This Your Company?

The Team At Synchrony Financial

Key People
  • Erica Manney (AVP, Social Media Communications)
  • Sue Bishop (SVP, Communications)
  • Lisa Lanspery (Senior Vice President Corporate Communications And Public Relations)
  • Margaret Keane (CEO)
  • Mark Chini (EVP Human Resources)
  • Brian Doubles (President)
  • India Kessler (AVP, Strategic Communications)
  • Matthew Kramer (SVP Marketing)
The Inside Scoop
Synchrony is one of the nation's premier consumer financial services companies. Their roots in consumer finance trace back to 1932, and today they are the largest provider of private label credit cards in the United States based on volume and receivables. Synchrony offers private label and co-branded Dual Cards.
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The Culture At Synchrony Financial

Information provided by the company
Do you have a passion for building delightful consumer products Do you want to be part of a game-changing and category-defining company and team that will transform commerce
Imagine the sheer scale of what we impact every second of every day. Now imagine what you can do with that influence-this is where you can shape the future of digital payments.
If yes, join us at Loop Commerce.
Genuine passion for and commitment to the transformation of healthcare delivery
Curiosity and passion for helping brands uniquely and impactfully connect with their audiences
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Synchrony Financial Reviews

Zippia Official Logo

5.0

Zippia UserApril 2021

5.0

Zippia Official LogoZippia UserApril 2021

What Do You Like About Working There?

Empowers it's employees to find new ways to improve outcomes and solve problems. Show More

What DON'T You Like About Working There?

Work-life balance is not always there. Show More

What Are Your Favorite Benefits/Perks?

Annual bonus of (15%) and 100% matching retirement benefits up to 6% of annual income, and excellent healthcare coverage. Show More
Zippia Official Logo

5.0

Zippia UserOctober 2020

5.0

Zippia Official LogoZippia UserOctober 2020

What Do You Like About Working There?

Work life balance Show More

What DON'T You Like About Working There?

Lack of new positions most people stay through retirement. Show More

What Are Your Favorite Benefits/Perks?

Adequate leave time. Show More
Zippia Official Logo

2.0

Zippia UserApril 2019

2.0

Zippia Official LogoZippia UserApril 2019

What Do You Like About Working There?

There were many benefits. They have a free gym on site, a full lunch area, and a café. They also have great health benefits and options for therapy should you need it. Show More

What DON'T You Like About Working There?

I did not appreciate the fact that card holders could call in and be extremely disrespectful and we couldn't transfer to a manager for them to handle them. Also they also are very kid friendly. If your child is sick you only have so many times to call out to take care of that child. I understand every job is like this. But they make you seem like your the only person requesting to be off because of a sick child. A little more compassion and empathy would be appreciated from supervisors who never had children or has never been in a military family. Show More

What Are Your Favorite Benefits/Perks?

The all inclusive health care. Pretty much become a full time employee and you have full health coverage for a little less than $10 Show More
Zippia Official Logo

5.0

Zippia UserJuly 2018

5.0

Zippia Official LogoZippia UserJuly 2018

What Do You Like About Working There?

High rate of interest on all terms and more important the review given by customers gives more assurance to attract joining your financial institution Show More

What DON'T You Like About Working There?

You need to open branch's on major city's to contact the personnel in charge and ask more briefing to join your co's Show More

What Are Your Favorite Benefits/Perks?

Income on full time and part time jobs Show More
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Synchrony Financial Rankings

Synchrony Financial is ranked #60 on the Best Companies to Work For in Connecticut 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.

Synchrony Financial Salaries

How much does Synchrony Financial pay?
The national average salary for a Synchrony Financial employee in the United States is $43,218 per year. Employees in the top 10 percent can make over $94,000 per year, while employees at the bottom 10 percent earn less than $19,000 per year.
8.5
Salary Score
Average Employee Earnings

Synchrony Financial Salaries By Job Title

While Synchrony Financial employees earn an average yearly salary of $43,218, different roles can command different wages. Some of the job titles with high salaries at Synchrony Financial are vice president of information technology, development manager, lead technician, and data engineer. A worker with the title vice president of information technology salary at Synchrony Financial can earn an average yearly salary of $135,181. Other roles at Synchrony Financial include cashier and fraud specialist. A cashier at Synchrony Financial earns an average yearly salary of $27,585.
Job Title
Title
ascdesc
Average Salarydesc
Vice President Of Information Technology
Salary Range123k - 148k$135k$135,181
Development Manager
Salary Range120k - 145k$132k$132,263
Lead Technician
Salary Range105k - 125k$115k$115,177
Data Engineer
Salary Range86k - 121k$102k$102,327
Senior .NET Developer
Salary Range91k - 110k$100k$100,188
Software Engineer
Salary Range84k - 116k$99k$99,096
Hadoop Developer
Salary Range86k - 107k$97k$96,824
Fraud Analyst
Salary Range84k - 104k$94k$94,257
Consultant
Salary Range72k - 106k$88k$88,217
Senior Analyst
Salary Range75k - 97k$86k$86,137
$25k
$148k

Synchrony Financial Careers

On average, employees at Synchrony Financial stay with the company for 1.6 years. Employees most commonly join Synchrony Financial after leaving Walmart. When they leave Synchrony Financial, they most frequently get their next job at Wells Fargo.

Average Length of Employment

Anthem
4.2 years
Xerox
3.1 years

Top Employers Before Synchrony Financial

Walmart
15.3 %

Top Employers After Synchrony Financial

Walmart
6.9 %

Synchrony Financial Employee Demographics

9.3
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.

Synchrony Financial Employees Education

Of the 16,500 employees at Synchrony Financial, 22.3% attended Sinclair Community College. Employees at Synchrony Financial most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Synchrony Financial Employee Political Affiliation

Synchrony Financial employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Synchrony Financial employee was by Jerry Ray. Jerry Ray donated $3,450 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Jerry RayCommunications
Jerry Ray
Communications
Communications
Democratic Party
Democratic Party
$3,450Democratic Party
$3,450
Melanie ShanksInformation Technology Technician
Melanie Shanks
Information Technology Technician
Information Technology Technician
Democratic Party
Democratic Party
$2,688Democratic Party
$2,688
Dawn DurnsRisk Manager
Dawn Durns
Risk Manager
Risk Manager
Republican Party
Republican Party
$2,650Republican Party
$2,650
Paul WernerLawyer
Paul Werner
Lawyer
Lawyer
Democratic Party
Democratic Party
$2,550Democratic Party
$2,550
Adam CaperEntrepreneur
Adam Caper
Entrepreneur
Entrepreneur
Democratic Party
Democratic Party
$2,500Democratic Party
$2,500
Kathy ShonbornFinance Manager
Kathy Shonborn
Finance Manager
Finance Manager
Democratic Party
Democratic Party
$2,100Democratic Party
$2,100
John MillerBanker
John Miller
Banker
Banker
Democratic Party
Democratic Party
$1,555Democratic Party
$1,555
Lee SlickerFinance Service Specialist
Lee Slicker
Finance Service Specialist
Finance Service Specialist
Democratic Party
Democratic Party
$1,510Democratic Party
$1,510
Deirdre AllenSenior Vice President
Deirdre Allen
Senior Vice President
Senior Vice President
Democratic Party
Democratic Party
$1,500Democratic Party
$1,500
Joseph AndraskoRisk Management Director
Joseph Andrasko
Risk Management Director
Risk Management Director
Democratic Party
Democratic Party
$1,500Democratic Party
$1,500
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Synchrony Financial Employment Videos

Synchrony Financial Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

2003

Organization type

Public

How Would You Rate The Company Culture Of Synchrony Financial?

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Synchrony Financial Subsidiaries

Subsidiaries to Synchrony Financial include Loop Commerce. Employees at the parent company, Synchrony Financial, earn $43,218 whereas employees at Loop Commerce earn $52,487, on average.
Company
ascdesc
Average Salarydesc
Loop Commerce
Salary Range43k - 63k$52k$52,487
$43k
$63k

Synchrony Financial Competitors

Some of the competitors of Synchrony Financial are PayPal, Automatic Data Processing, and American International Group. The wages at PayPal average higher than the other similar companies, where the median salary is $97,799 per year. The salaries at Automatic Data Processing average $76,175 per year, and the salaries at American International Group come in at $68,329 per year.
Companydesc
Average Salarydesc
PayPal
Salary Range78k - 122k$98k$97,799
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
American Electric Power
Salary Range50k - 86k$66k$65,860
First Data
Salary Range45k - 89k$64k$63,603
First American Financial
Salary Range44k - 87k$62k$62,386
Discover Financial Services
Salary Range44k - 84k$61k$61,363
Dominion Energy
Salary Range44k - 82k$61k$60,531
Ally Financial
Salary Range38k - 80k$56k$55,789
$25k
$122k

Frequently Asked Questions about Synchrony Financial

When was Synchrony Financial founded?

Synchrony Financial was founded in 2003.

How many Employees does Synchrony Financial have?

Synchrony Financial has 16,500 employees.

How much money does Synchrony Financial make?

Synchrony Financial generates $14.8B in revenue.

What industry is Synchrony Financial in?

Synchrony Financial is in the financial services industry.

What is Synchrony Financial's mission?

Synchrony Financial's mission statement is "To improve lives by individualizing sleep experiences."

What type of company is Synchrony Financial?

Synchrony Financial is a public company.

Who are Synchrony Financial's competitors?

Synchrony Financial competitors include Xerox, Discover Financial Services, Anthem, PayPal, Humana, First Data, Citi, Alliance Data, Ally Financial, CST Brands, Travelers, MetLife, Republic Services, KeyBank, American International Group, First American Financial, Automatic Data Processing, Anixter, American Electric Power, Dominion Energy.

Who works at Synchrony Financial?

Erica Manney (AVP, Social Media Communications)

Sue Bishop (SVP, Communications)

Lisa Lanspery (Senior Vice President Corporate Communications And Public Relations)

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

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Synchrony Financial, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Synchrony Financial. The employee data is based on information from people who have self-reported their past or current employments at Synchrony Financial. 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 Synchrony Financial and its employees or that of Zippia.

Synchrony Financial may also be known as or be related to SYNCHRONY FINANCIAL, Synchrony, Synchrony Bank and Synchrony Financial.