A financial services company based in Connecticut, Synchrony has grown into the largest provider of private-label credit cards in the U.S., working with brands including Sam’s Club, Amazon, and Verizon. Synchrony also offers other business lines, including traditional banking savings products and buy-now, pay-later services, which compete against challengers such as Affirm and Klarna. Synchrony can trace its roots back to 1932, initially founded by General Electric to help consumers finance their products. Synchrony spun out from its parent company and went public in 2014, raising nearly $3 billion in its IPO. The company also operates a large network of medical credit cards that offer health care financing through its subsidiary CareCredit.
Kyle Grillot—Bloomberg/Getty Images
35 Best Large Workplaces in New York 2025
Employees say:
"I am proud to be part of a team that values trust and camaraderie. Our management shows genuine care for our growth and development, and I feel a strong sense of pride in our teamwork and leadership."
Many of Synchrony’s U.S. staffers say they feel acknowledged via the company’s Ask Us Anything meetings and feedback programs. Synchrony offers tuition assistance, skill certification reimbursement, and a hybrid-work model.
Employees say: "I love Synchrony! I am very proud to be a part of an amazing company. Our One Synchrony mindset, our culture, and our benefits set us apart from other companies. It is a Great Place to Work with flexibility to WFH, Flex Fridays, Floating Holidays, all to make our lives better."
"The maternity benefits (maternity leave and bonding time) are paid. They allowed me to not feel stressed about finances when I had my child and was able to spend time to bond. Flex Fridays allow for work-life balance and we also have the availability to flex other days if needed to. Flex Fridays was one of the best things to help decrease mental/physical stress."
"The people and community fostered by management is incredible! I've never worked somewhere where senior leadership encourages you to connect with them, and really means it. Also all the in person events and celebrations SYF hosts are awesome."
Best Large Workplaces in Financial Services and Insurance 2024
Employees say:
"Executive leadership is outstanding. From the CEO down, the care and concern for the people is felt and is sincere. Flexibility and providing work-life balance continue to be top of mind for leadership. There are broad opportunities to grow professionally."
"The care of its employees is beyond anything I've ever experienced. I've worked for other large corporations, and this is by far the Best Place to Work! Thank you for all you do for each of us."
Rising up from No. 20 on the list this year, Synchrony, one of the largest U.S. issuers of store-branded credit cards, has continued to spur efforts in building workplace belonging and making tangible moves forward in diversity, equity, and inclusion. Focusing on changes in leadership, Synchrony upped its Black and Hispanic employee representation at the vice president level and above; the company offers 30 leadership courses to all workers as well. The Synchrony Women’s Leadership Experience program, in particular, has helped female staff at the VP level break the glass ceiling: Almost half of the program’s participants have been promoted since its 2018 inception. The company has partnerships with Moms First, the Executive Leadership Council, and the Latinx Executive Alliance, among others. The company plans to invest $50 million in a five-year Education as an Equalizer initiative, with $20 million of the sum to be invested in grants for educational and skills-building opportunities for low-income and underrepresented students and individuals.
Fortune 100 Best Companies to Work For 2023 Synchrony, one of the largest issuers of store-branded credit cards in the U.S., jumped five spots on the Best Companies to Work For list this year.
Synchrony recently revamped its performance evaluation process, scrapping ratings altogether and substituting a single review in favor of three formal conversations throughout the year, although managers are encouraged to hold them more often.
Twenty-one of Synchrony’s 24 leadership development programs are available to anyone at the company regardless of their level.
The tuition reimbursement program pays up to $24,000 per year in tuition costs and academic fees for full-time employees.
In 2022, Synchrony launched its new sabbatical and employee balance programs. The former allows employees to take from one month to a year off from work while still receiving a base salary to cover their benefits, while the latter allows them to work only 20 hours a week for an agreed upon time frame also with benefits.
In April 2022, Synchrony unveiled the 10,500-square-foot Synchrony Skills Academy in Stamford, Conn., where high school and adult learners can be trained in digital skills.
35 Best Large Workplaces in New York 2023 Employees say:
"I have held several positions throughout my working career—Synchrony has over exceeded my expectations. The company is like no other I have ever worked for. I hope to be part of Synchrony for the my remaining working career. The care, support, compassion, thoughtfulness, fair workplace, benefits, understanding etc. There are truly exceptional people working for Synchrony. And now I understand why: Synchrony is 'a Great Place to Work'! I feel very lucky to finally have found this company."
Best Large Workplaces in Financial Services and Insurance 2023 Employees say:
"Leadership truly listens to the voice of the employees and takes real steps to make change when needed. I've seen this company change and grow so much over the last 25 years, and I am so proud to work for such an amazing company."
100 Best Large Workplaces for Women 2023 Employees say:
"Leadership truly listens to the voice of the employees and takes real steps to make change when needed. I've seen this company change and grow so much over the last 25 years, and I am so proud to work for such an amazing company."
100 Best Large Workplaces for Millennials 2023 Employees say:
"The flexibility to work from home permanently and half days on Fridays are the best benefits of anywhere I have worked. I highly value the flexible Fridays. Executives are approachable and genuinely seem to care about employees. I am extremely happy to be here and I always recommend Synchrony Financial as a place to work when asked. I feel like Synchrony Financial excels at work-life balance."