Axos Bank reviews

3.1

57% would recommend to a friend

(299 total reviews)
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Gregory Garrabrants

61% approve of CEO

61% positive business outlook

Reviews by job title

299 reviews

Reviews about "Compensation"

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1.0
May 13, 2019
Recommend
CEO approval
Business Outlook

Pros

Great Product, I have some friends who bank with Axos with great things to say about it. Additional I was a part of team where I enjoyed working with my Manager and other team members. Axos offered some good perks as well such great coffee machines and high bonus potential.

Cons

Axos reminds me of Wall Street in the 90s, the culture is very much work long hours and you were always reminded that this was not a 40 hour work environment. However I found that I was put on projects that were just "busy work." Pushing papers just to say that you put in a 60 hour week, because the more hours you work the "harder" you are working. People who did not work extra hours would be called "soft." Additional working with the CEO was like walking on egg shells, everyone was afraid to voice their suggestions because if he was not on-board you were at risk of losing your job. He obviously is a good business man however always need to hear that he was right and never was open to anyone's opinions.

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Axos Bank Response
7y
Thank you for taking the time to share your comments. We’re glad to hear both that you enjoyed working with your manager and your team, and that your friends who bank with us like our products and service. We also value continual improvement and constructive feedback in uncovering inefficiencies, but some of the impressions you shared don’t sound representative of our internal culture. The Axos culture is both meritocratic and one that values emotional involvement: by being genuinely and emotionally invested in our work, we create an uplifting environment for ourselves and others. Our culture also values rationality, or fact-based objectivity. At all levels of the Axos environment -- from senior executives to junior members of our team -- decisions are expected to be based not on what we hope is true but on an understanding of the actual facts. It sounds as though our culture may not have been the right fit for you, and we wish you success in the next stage of your career.
1.0
May 9, 2019

Toxic culture, worst experience of my career

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Opportunity to gain broad experience, work in a fast paced environment.

Cons

Management is disorganized, lacks transparency, and demonstrates little common courtesy in how they treat each other and their employees. They “lead” by instilling fear and distrust in their teams, resulting in low morale, deficient communications, and a complete lack of teamwork within the bank. Unless you are an SVP or above, base compensation is sorely below market.

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Axos Bank Response
7y
Thank you for taking the time to share your comments. At Axos, our core competitive advantage is our meritocratic culture, which is marked by independence and self-governance. This enables us to operate with efficiency and agility, turning rational ideas into actions through our collective passion and dedication. This same culture also creates unparalleled opportunities for team members to grow and develop by taking on responsibilities that go well beyond what people with similar experience levels would find in other organizations. Our competitive compensation structure – base pay plus merit-based bonus – rewards staff who thrive within our culture, and who meet or exceed their objectives. We’re sorry to hear that this wasn’t the right fit for you, and we wish you success in the next stage of your career.
3.0
Mar 14, 2019
Recommend
CEO approval
Business Outlook

Pros

Flexible schedules, free snacks, free gym, too much experience is not required

Cons

Low pay in comparison to similar job at other banks, too many JCAs and not enough work for everyone

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