SoFi reviews

4.2

80% would recommend to a friend

(283 total reviews)
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Anthony Noto

93% approve of CEO

82% positive business outlook

Reviews by job title

283 reviews

Reviews about "Compensation"

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2.0
Jun 1, 2022
Recommend
CEO approval
Business Outlook

Pros

- WFH option available. - Equipment is provided to you. - Decent pay but still below living wage. - $120 bi-weekly lunch card that can be used for anything. - Full kitchen available at office. - Benefits are among the best of any job I've had. - This is a job you can do from home while searching for a new, better job. They're understaffed because the turnover rate is so high.

Cons

- Training is a mess. After two years of virtual training they still have not figured it out. - Direct supervisors are not qualified or knowledgable enough to answer direct questions regarding the day to day work, instead relying on floor walkers that are outnumbered 20-1. - If you do have a question for a floor walker, because they are outnumbered, you will likely have your member on hold for 4+ minutes at a time, resulting in an irate member. - Upper management is constantly pushing the "Refer The App" promotion which does not work properly. And when that does not work, MSR's that are on the front line take the full blame and frustration from members. However, SoFi's sole focus is gaining as many members as possible, no matter how ineffective the methods are. Not to mention most of the people that take advantage of this promotion are "gamers" and not real people or repeat applicants that abuse the promotion. - Upper management will praise MSR's, but don't forget that their bottom line is their #1 priority. They don't have to speak with irate members, you do.

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SoFi Response
4y
Hi there - thank you so much for leaving such a comprehensive review of your SoFi experience. While we're happy to hear you enjoyed some of the benefits and flexible work we offer our employees, we are very saddened to hear your time with us did not meet your expectations. We know that building an amazing workplace starts with world-class managers, that's why the #1 priority of our Learning & Development team is manager excellence. We are revamping the program so we can give our managers the tools, resources, and training they need to support their teams - this includes our Associate Managers on the MSR team, too. We have shared your feedback with Operations leadership to ensure they are aware of your feedback. Plus, you may have left before we revamped training for MSRs, which includes additional up-skilling, an updated new hire training, and SOP updates being done by L&D. Additionally, we have added more virtual floorwalkers to support the day-to-day of the MSR team. Wish you the best in your next job. Take care.
3.0
May 23, 2022

Good

Recommend
CEO approval
Business Outlook

Pros

Good pay, Good benefits, Good people for the most part, experience

Cons

Poor communication, Tech issues, Training , unrealistic metrics

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SoFi Response
4y
Thank you for the feedback; hearing your honest experience will only help us improve! We're happy to hear you feel your compensation & benefits packages are competitive, and that you love the people! We hear you on the feedback around communication. We saw this as an area of opportunity across the company on our most recent employee engagement survey. Individual teams are digging into the results and action planning as we speak, so please take part in those conversations and share your suggestions for how we can improve. We are also in the process of implementing a new intranet tool that will help make communication much more streamlined and clear! We know good tech and training is required to do your best work, so please let us know what the issues are so we can address them. Regarding unrealistic metrics, we hope you feel comfortable sharing this feedback with your manager, who is there to help you be successful. If you'd like, you can also reach out to your PBP or email us at glassdoor@sofi.org. We'd love nothing more than to continue this conversation so we can address your concerns directly. THANK YOU for the review, and for being on this journey with us.
5.0
May 5, 2022
Recommend
CEO approval
Business Outlook

Pros

One of the best Fintech companies out there on a mission to solve aging banking practices. Takes good care of the engineeres and have a clear pafh forward to career advamcement. Competitive salary and excellent benefits.

Cons

Frequent re orgs can be intimidating but it's expected in an organization that's rapidly growing.

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SoFi Response
4y
We're thrilled to hear you are enjoying working at SoFi. Thank you for the review! We're on a mission to transform the way people think about and interact with personal finance, so we are so happy to hear you agree with what we're running after, and have a good work/life balance. Our new SoFi Cares program is dedicated to helping our employees find the balance they need to bring their best selves to work. Keep an eye out for more initiatives launched this year. We hear you about the re-orgs, but we hope you can see that we only have the team's best interest at heart and are committed to setting SoFi up for long-term success. If you feel comfortable, you can always reach out to us at glassdoor@sofi.org to continue the conversation. Thanks again for the review, and for being on this journey with us!
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