Advanta: Latest Job Openings, Reviews and Ratings & Profile wise Salary Distribution

Advanta Careers & Info

Advanta Overview

Advanta was a banking corporation that was established as TSO Financial in Pennsylvania in 1951. The bank started as a credit union for schoolteachers, and by 1992, it had expanded to become the sixth largest credit card business in the country. By 1993, the company was the third largest small business credit card supplier in the U.S. At its pinnacle, Advanta's annual revenue was $400 million.

Over the years, Advanta went through a number of acquisitions and company restructures. As the company began losing money, would in effect close a number of its credit card subsidiaries. The company's default rate had risen to an astounding 57%. In 2009, Utah regulators sought to close the company for deceptive business practices.

Advanta Job Information

Advanta once had over 1,100 employees at its offices in Salt Lake City, Utah and Philadelphia. Workers were employed in all areas including banking, technology, and accounting. After a series of layoffs, the company's workforce had dropped from 400 to 200. In 2010 the company's remaining employees were laid off and the company was closed.

What jobs pay the most at Advanta?

Executive Assistant is the highest paying job at Advanta at $58,000 annually.