SoFi reviews

4.3

83% would recommend to a friend

(1,135 total reviews)
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Anthony Noto

94% approve of CEO

83% positive business outlook

SoFi has an employee rating of 4.3 out of 5 stars, based on 1,135 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The SoFi 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

1K reviews
1.0
Jun 30, 2020
Recommend
CEO approval
Business Outlook

Pros

Free lunch across all locations, decent benefits, great office spaces.

Cons

Time to speak up. All Lies. It is hard for me as I put my life and heart in SoFi moving from one location to the next, once believing in the company and it's products. Now, its diminishing. Products are lacking and not innovative anymore. Companies talk about employee loyalty, but where is the company loyalty to the employees. I feel betrayed by them. SoFi had 2 rounds of layoff and they aren’t offering the same support as other companies. I feel like this company turned their backs on its employees. They expect their people to help them out. But when their people need them, they don’t do the same. Company culture is not a poster on the wall. It’s how you treat your people in good times and bad times. Don't listen to the communications team, it's all lies. Their so call "People Partner" can't be trusted either. They want to clean house and let people go if you aren't a solider. They do not follow their own values and I'm applauded. Leaders lack emphatic with their employees at all levels. But at the end of the day if an employee is there for the company in tough times and goes above and beyond they should also be there for them. It's about culture

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SoFi Response
5y
Thank you for sharing your thoughts with us. We're sorry to hear your experience at SoFi has been sub-par, and we'd like to see what we can do to turn it around. We would strongly encourage you to talk to your manager, People Business Partner or a trusted executive so we can more directly address your concerns.
2.0
Apr 14, 2019

Could be a good pit stop

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

-Company is generous/flexible with job titles. Prior functional or industry experience is not a hard requirement, often even for senior level roles. Enthusiasm and commitment are valued more. -CEO has a ton of experience taking companies IPO as a banker. This should increase the probability of an exit in the future. -Decent brand recognition. One of the largest Fintech out there. -Well funded. Enough money in the bank to survive multiple years without profit. -Cash component of TC is close to tier 1 private companies.

Cons

-Shaky business model, macro headwinds make future growth and profitability prospects weak. Raising rates shrink the student loan refinancing market , personal loan business hasn’t proved resiliency through a recession, traditional banks/brokerages are racing towards zero fees models. -Org structure is messy. Business units, products and risk often overlap as decision owners and create confusion. People distributed across 5 different locations makes execution slower. -Culture still needs a lot of work. A#$holes are tolerated if they are high performers. Finger pointing takes precedence over calm root cause analysis and problem solving when things go south. - Micromanagement is common.Being a woman is hard. -Lack of emphasis on employee development. -High churn across engineering and design org. Understaffed teams lead to ICs getting overworked/burned. -Overall TC is low due to falling stock price.

1.0
Nov 12, 2017

Don't Believe the Hype!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Talented colleagues, free benefits for you and your family, free lunch

Cons

I've never experienced a company that cares less about their people. They completely oversell and under deliver everything from opportunity to compensation and if you ask management questions, you are labeled as being negative and not a team player. The morale is low and unless there's a change in upper management it will not improve. Unlike most call centers I've worked for, the morale is lowest with the top performing employees. You walk on egg shells everyday and hope not to be the next one targeted by unknown policies (training is non existent and there isn't a handbook). This typically results in public shaming or being fired. The Sr. Manager isn't very intelligent and most likely bipolar, so rather than address employee concerns, he threatens and belittle you, so most keep their head down and stay quiet for fear of retaliation. There are a few decent low level managers, but it's painfully obvious they are in a worse position than the reps. Anyone considering this company, do yourself a favor and run while you have a chance. All of the smiles and positivity end the day you start the job.

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SoFi Response
8y
As a six-year-old company, we understand that we need to move fast, but we also know we cannot move fast at the cost of our people. We will continue to work hard to design and implement programs to enrich your career, advance professional and leadership capabilities, and most importantly, build a strong culture of integrity and transparency.
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Glassdoor has 1,234 SoFi reviews submitted anonymously by SoFi employees. Read employee reviews and ratings on Glassdoor to decide if SoFi is right for you.