Prosper.com reviews

2.7

37% would recommend to a friend

(299 total reviews)
avatar

David Kimball

29% approve of CEO

28% positive business outlook

Prosper.com has an employee rating of 2.7 out of 5 stars, based on 299 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Prosper.com employee rating is 27% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

299 reviews
3.0
Apr 26, 2016

It's time to take leadership of the company!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Prosper and its mission to offer a consumer friendly financing alternative to credit cards, while allowing retail investors (people just like you and me) to benefit from the market place lending is a fantastic goal! Prosper has extremely smart people handling the risk and underwriting, with very talented product leaders. They will be successful in this space if they make some changes in the executive office, specifically the CBO.

Cons

Leadership is very slow to make changes. They hired for 300% growth and now need to adjust the staffing, but it has now been 6 weeks and nothing has happened but rumors. We all know that people are going to be let go, but there is absolutely no leadership and people are coming into work and doing nothing. This is horrible for he morale of the business. There is a serious lack of leadership with the CBO who leads though intimidation rather than leadership. All the decisions that he makes are emotionally based and if he does not come up with the idea, or you do not help him see that it is his idea, his immediate response is NO! He yells and uses profanity with his staff in staff meetings, with staff leaving his office in tears. His leadership is so bad that the two CEO's of the acquired companies have left because they challenged the CBO, and the CBO did not like it and let them go... He is cancer to the organization and needs to be removed.

1.0
Mar 20, 2016

A Sea of Mediocrity

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good benefits, cool office location, bike racks, snacks, and lockers for you gym clothes. You'll probably not work over 40 hours a week, so work life balance is in check.

Cons

-If you want to do good work, if you are good at what you do, if you care about your career and the work you do, then this place is not for you. -The 'unlimited time off' policy is just a ruse they use to not have to pay out time off when employees leave. - no room for internal mobility - Terrible middle management who generally don't actually manage. Better brush up on your 'managing up' literature. - Very male dominated work force, lack of diversity. - Feels a little like a totalitarian government at times, it's the exec committees way or the highway - They are not interested in new ideas or technologies. They are a tech company perfectly content to be rooted in outdated technology. - Development is gruelingly slow, and poor decisions get made in favor of outdated looking and performing products. - No analytics, it's nearly impossible to see if your work was effective as no one can decipher the analytics we do have, and no one is owning analytics that we should have. - Do not rock the boat here or it will come back to bite you.

1.0
Jan 5, 2016
Recommend
CEO approval
Business Outlook

Pros

Just to let everyone know benefits are good but not that great as portrayed on glassdoor in other reviews

Cons

Upper management has been influenced by all these reviews going around about ex-CTO and had to take a step which they shouldn't have. All the reviews on glassdoor about ex-CTO and the folks he hired are written by older useless employees who did not had any role in what the new team was able to achieve. They (old employees) never tried to gel with the team and kept on complaining and writing these false review about culture and ethics. Just to give context I would explain the recent review written on glassdoor which says "Like 100 hour weeks with no upward mobility?". Yes there were some folks who worked long hours, but to achieve technological hurdle which Prosper was not able to achieve in last few years. There were multiple failed attempts for re-writing platform and whole teams were fired for being unsuccessful. But what we ("CTO Gang" according to old employees) were able to re-write 80%for public facing features and achieve success. None of the old employees had worked 80-100 hours per week. Whatever we did was for the love of our CTO, he was not a dictator. This has been a company where people talk more on glassdoor then in office. I would appeal to other employees to write your views so that these fake reviews are stopped.

Viewing 22 - 24 of 299 Reviews

Glassdoor has 314 Prosper.com reviews submitted anonymously by Prosper.com employees. Read employee reviews and ratings on Glassdoor to decide if Prosper.com is right for you.