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

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299 reviews

Reviews about "Compensation"

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1.0
Mar 10, 2019
Recommend
CEO approval
Business Outlook

Pros

- Slight above-average salary for San Diego - "9 to 5" - look at Cons - Nice buildings, coffee machines, and gym, but doesn't matter - Some decent co-workers

Cons

- "Switch & Bait" rewards, job responsibilities and incentives to get new hires in the door. Ridiculous bonus: Highest cap supposedly at 20% [via grapevine, when we were all told can reach 100%]. I met all of my assignments well but my reward was too low. Coworkers also quite upset - Disorganized managers who procrastinate and force subordinates to stress out and work all the time last-minute - Not enough training, nor formal training program at all - 9 to 5, but many are overloaded, overworked, w/ unappreciated work. Huge turnaround, no one ever stays over 2 years - Major politics, transparency doesn't exist despite CEO msgs, catty/nosy co-workers, inappropriate relations btwn male managers to subordinates - Depts are Silo'ed with each other, other dept. often blame other dept for problems. No accountability and throwing coworkers under the bus - Associates don't even bank within Axos Bank. That should be a BIG clue - Low company morale, virtually no culture - Look at Google... many customers hate us

1.0
Feb 3, 2019
Recommend
CEO approval
Business Outlook

Pros

-LacJolla is a nice area to work at. -Little micromanagement.

Cons

-Everyone in this company look like they have the life sucked out of them. This place is as dry and dull as corporate gets. -Awful training. There really is no training plan here. Your going to grow as much as the effectiveness of joe your boss trains you. If you’ve got a bad boss, you’re done from the start. -Extremely low pay. Don’t be fooled by false promises of raises and bonuses for high marks. You will make peanuts here so you might as well go to a competing company, virtually all of them will pay more.

2.0
Jan 3, 2019

Growth Over People (At Their Own Risk)

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Tech-focused, legitimately innovative, and--from what I could tell--a stable of talented staff, many of whom desire professional growth and the chance to create a better product and company.

Cons

Let's start at the top: the executive leadership is a teeming mass of testosterone-drunk Good Ol' Boys straight out of a Federalist Society, hyper-capitalist, Ayn Rand fever dream--several conference rooms at HQ in San Diego are named for Barry Goldwater (enjoy, employees of color!), Ronald Reagan, Winston Churchill, and the aforementioned "Atlas Shrugged" author. Only two women currently occupy the C-suite (both White), and that's only due to a recent promotion of the head of HR to EVP. CEO Greg Garrabrants, though genuinely smart and affable, is a future failed GOP congressional candidate straight out of Central Casting, and makes little to no effort in hiding it. The individual Business Units attempt (usually through middle management) to prop up the charade of collaboration, but ultimately make very little secret of how much they can't stand each other, particularly between the Compliance/Audit and Production groups. You'll hear a lot about "self-governance" and "making an impact" when in fact the expectation is excessive work hours for below-market pay (unless, of course, you have managed to work your way to (a) VP or higher, and (b) your Executive's good graces--then your pay is exorbitantly, comically outsized compared to your peers), and little chance of real career growth. The culture is cutthroat, and the incentives paltry. Management reflexively pushes the semi-annual (discretionary) bonuses of 50% cash and 50% restricted stock unit awards, but turnover is so pervasive that the three-year vesting schedule often renders the incentive meaningless.

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