Happen Bank reviews

3.6

69% would recommend to a friend

(993 total reviews)
avatar

Scott Sanborn

75% approve of CEO

67% positive business outlook

Happen Bank has an employee rating of 3.6 out of 5 stars, based on 993 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Happen Bank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

993 reviews
1.0
May 6, 2015

Credit Specialist

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

1. good benefits 2. 401k 3. stock options are ok- you have to purchase them yourself. Many aren't getting paid enough to buy their options given to them.

Cons

1. Some people have more power than others, either through hierarchy or some other basis of influence. For many people, gaining promotion is important, and this can create competition between individuals, or misalignment between the team's objectives and those of individuals within it. Most people care passionately about decisions at work and this encourages political behavior as they seek to get their way. Decisions at work are impacted by both work-related goals and personal factors, so there is further scope for goal conflict. People and teams within organizations often have to compete for limited resources; this can lead to a kind of "tribal conflict" where teams compete to satisfy their needs and objectives, even when this is against the greater good. 2. LC call their employees “associates” or “team members.” This is a cheap way of making them feel valued without paying them. 3.LC offers free pizza parties and push company games like baseball. Forced fun is not only an insult–you’re there to work and probably have enough friends–it is a cheap way companies try to look generous. 4. There will be supervisors patrolling the lanes to monitor your progress, they’ll let you know if one hasn’t passed quality control in output by pulling you into a glass bowl. 5. Audits are insane to meet expectations, if you MAKE 3 ERRORs on any of your loan review your FIRED! Unbelievable. 6. Overworked and underpaid at 45k in the city of San Francisco-- with a medium income of 156k--- how can they expect anyone to support themselves. Rent alone is $2000 monthly in the city unless you decide to commute outside the city expect to dedicate your whole life to work and commuting. Who wants to live like that??? Honestly!!

2.0
May 2, 2015

Get over yourselves

Recommend
CEO approval
Business Outlook

Pros

snacks, convenient to bart station.

Cons

Look.The reason why its growing fast is because all start-ups are like that after getting infused with venture capital money. But this won't be sustainable within 3 years because it's already saturated with other P2P lending companies like ONDECK Prosper SOFI Funding Circle and more coming in. The stock price is down 40% since it's high of 29. This will continue to go down further when employees exercise their right to sell after 6 months restriction. It will likely hover around $5-8 in the long run. That's when employees will start leaving because they are there for the stock options hoping for a wealth gain, which is delusional. Good luck anyway with that dream.

1.0
Apr 28, 2015

Not Great company for smart people

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Executive team is really good.

Cons

Work is not challenging.. smart working people will find hard to get a reward there. compensation varies a lot for a designation. middle level management is really bad.and immatured and rude.

Viewing 934 - 936 of 993 Reviews

Glassdoor has 1,021 Happen Bank reviews submitted anonymously by Happen Bank employees. Read employee reviews and ratings on Glassdoor to decide if Happen Bank is right for you.