Revolut reviews

4.0

76% would recommend to a friend

(5,404 total reviews)
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Nikolay Storonsky

91% approve of CEO

77% positive business outlook

Revolut has an employee rating of 4.0 out of 5 stars, based on 5,404 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Revolut employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

5K reviews
1.0
May 24, 2024
Recommend
CEO approval
Business Outlook

Pros

The day I handed in my resignation and left forever

Cons

Do yourself a favor and absolutely do NOT work for this toxic company! If you want work-life-balance, mental health, respect from coworkers/managers or a decent salary or benefits, Revolut is NOT your company I left after 6 months and I am now making 6 figures which you will never be able to do at Revolut. -I have never earned so little in my entire career. I have 13 years work experience and a Master's degree. Even when you achieve 100% of your target, you can look at something like 2k before tax. Also the base salary is ridiculous. I only took this job because I was laid off, otherwise I would have never accepted this (especially because you also cannot negotiate). Such a disgrace! -Managers keep insisting that the low salary is "market average", which means that they are completely clueless about the industry and reality. Revolut pays one of the lowest salaries in Sales that I ever came across -Extremely complicated commission scheme that is tied to 5-8 other factors to just get it at all (AE Formular, Activity, Performance Grade etc). Just to compare with my current company: I will get commission from working there - as it should be. It goes up if 100%, 150% or 200% are achieved. Done! It could be so easy. -This is the main reason for the extremely high staff retention: if someone works for Revolut for a year, they are considered a rarity. This is even mentioned in the global town halls. Most people try to make it to the 6 months mark, then they leave. 85% of my original team quit while I was employed and the others got fired. I had so many new colleagues in the meantime that I could not keep up with their names. Everyone came and left -Toxic work environment: you are expected to work late and the tasks you are given make you stay online for up to 50hours a week - without a lunch break! If you take your break, you will add 5 hours to your total per week -Managers are completely incompetent and have little to no skills. The Head of Sales in Europe did not know any of the abbreviations we were working with daily. Some people just made it into management because they either worked as AE's before and overachieved regularly (which does not mean that you are competent enough to work in management) or because they faked their way up -It is allowed to use foul language and swear words if you are management. It is allowed to shout, abuse and swear in meetings and nobody will stop them. If you complain, you will get fired -Managers are allowed to "transfer" accounts which lead to accounts and commission being stolen big time. -Colleagues were stealing prospects on a regular basis -Insanely high and unrealistic targets which make you work around the clock -No proper training. You start off with 2 weeks where they squeeze everything in they got and then they expect you to know everything. I had to put in countless hours to keep up with programs, regulations and changes and I had to do this in my free time. There is no downtime given to study at all. I never came across something like this in over 13 years -No growth options. The promotion process is complicated by choice and prohibits people from earning more and levelling up. Even overachievers are kept hanging by a thread -Grievance cases are usually rejected with a good outcome only for the company -Important departments are not responding in time or not at all: neither IT (we had a login issue that affected 60% of our customers and it was ongoing for more than 3 weeks so some of my clients lost over 100k in Crypto etc. – the management just did not care at all), neither HR (my laptop was picked up 3 months after I resigned, when I was already working for a new company) or other departments. They just do not reply! -Little to no benefits -Revolut only cares about making money, not about it’s people. You are a machine and a slave and you have absolutely nothing to say

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Revolut Response
2y
Hi, thank you for your feedback. At Revolut, we strive to maintain a work environment that promotes collaboration, respect, and professional development. While we acknowledge that there might be instances where communication could be improved, we‘re committed to continually enhancing our processes and addressing any gaps. We encourage all employees to actively participate in discussions, provide feedback, and express their thoughts and concerns openly. Our commitment to innovation and staying ahead in the financial industry drives our need for a fast-paced work culture, though we understand that it may not be suitable for everyone. Regarding the salary, we strive to remain competitive by regularly reviewing our compensation packages to ensure they align with market standards and are commensurate with the skills and expertise of our employees. While we can't disclose individual salary details, we can assure you that we have a fair and transparent compensation structure in place. We’re committed to maintaining a healthy work-life balance for our employees and providing a wide array of offerings that our employees genuinely care about. These include generous time-off policies, comprehensive medical insurance coverage, and flexible working arrangements so our employees can lead fulfilling lives both inside and outside of work. We appreciate your comments, and wish you all the best.
2.0
Dec 9, 2023
Recommend
CEO approval
Business Outlook

Pros

Industry Leading Product Remote Working Ability to Earn Good Money Perks Brand Share Policy

Cons

I worked for Revolut for over a year as an Account Executive, the training was as standard, I understand they onboard large groups so it was not specific but easy enough to get questions answered as they had a buddy system in place. In my time with Revolut, there were constant changes made to the target system, commission structure & processes, this lead to a lot of confusion and no transitional period, let alone any adjustment period. Lot's of "Top Performers" would change inbound leads and make them to new accounts to have them count as outbound leads, this was hardly ever looked into, even accounts that were very clearly changed for the benefit of the employee, leading to some great results and us being told that we are not doing enough even though this was happening. As mentioned above, targets were increased each quarter and got to unobtainable levels, which was used to either force people to quit or get fired, this was due to over-hiring within the department, there was some great salespeople let go in my time due to this, most people hit target by a stroke of luck or were given leads by upper management, this happened within my team, they had their favourites and would give them leads over others all the while, in meetings if they didn't like someone, they wouldn't talk to them or they would be sarcastic in their responses and were very childish in their actions across the team, on one of our team nights, the budget was mostly spent on their friends within the workplace & not their team, they also left us to go somewhere else and hardly spent any time with or engaged with us, we had also travelled on our own wallet to meet the team and have a night out together. The internal communication was awful, if you asked for help somewhere you would be ignored most times, if you raised help internally, this would be ignored for days, internal chat didn't help either, I lost many deals due to this, the internal demo system would always crash during demonstrations also which was embarrassing. When letting employees go, there was no sign of this, an employee could have gotten a pay rise the month before and be let go the next, the whole time having positive meetings and discussions, there was no effort to help anyone improve, or use their talents elsewhere within a different department, nothing was taken into consideration either, one day all could all be well then they would get handed their notice, my manager smirked in my exit meeting and didn't seem to care at all, I had large deals bubbling that I learnt were handed to the same people within the team who got the best leads and opportunities by upper management and lost 50% of an annual bonus, the other 50% is still tied up within the company with no access in site. Joining Revolut completely changed my career trajectory for the worse, I struggled with my mental health after leaving, couldn't get another job and ended up moving into employment at much lower pay and in a different sector, when I tried to get references I was ignored by HR which made it difficult and nearly lost me the job offer. Listed below are the cons of working at Revolut: Favouritism Lack of Career Progression Target Increases Bad Internal Communication Staff Turnovers Toxicity between Management & Employees Bad Training Constant Changing of Rules & Procedures Cutthroat Lot's of People Cheating Their Way To Target

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Revolut Response
2y
Hi! Thank you for sharing your experience. We're genuinely sorry to hear about the challenges you faced during your time at Revolut. Your experience doesn't align with our commitment to fostering a positive and supportive work environment that promotes collaboration, respect, and personal growth. We wish you all the best in your future endeavours. All the best, Patrick Hodge, Head of Sales (UK&I)
1.0
Feb 20, 2023

Avoid this company at all cost!

Recommend
CEO approval
Business Outlook

Pros

Good salary and remote working

Cons

Lot of young inexperienced people who don't know what they are doing. Unrealistic targets No work/Life balance (to meet the targets you will constantly have to work late) Highly stressed colleagues and people suffering from mental health issues If you are off-sick during the probation period Revolut won't provide you with any additional support to pass your probation so if you are sick you are out! Your manager wont support you to pass your probation, you wont be given any support to improve your performance so if you are falling behind for any reasons, they just terminate your contract without warnings at the end of the probation period!

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Revolut Response
3y
Hi! Thank you for your review! We're sorry you're having such a poor experience with us. Revolut is known for its Never Settle and Get it Done values, which are two things that draw many people to the company, along with its fast-paced, innovative environment. We want to encourage people to thrive on these values, while also maintaining a healthy work/life balance, being aware of the signs of burnout, and looking after their own wellbeing. Our team is our most precious asset, and we never compromise on talent. We select, coach, and retain the top talent and give them all the support to achieve greatness. Our goals are discussed and agreed between line managers and employees, to make sure they’re exciting not only for the company, but for the Revoluter too. We believe that clear performance expectations help us all focus on the same priorities, and to direct teamwork effort where it's needed. We take all feedback seriously, and we're constantly working on making Revolut a great place to work. All the best!
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