Axos Bank reviews

3.1

55% would recommend to a friend

(763 total reviews)
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Gregory Garrabrants

58% approve of CEO

58% positive business outlook

Axos Bank has an employee rating of 3.1 out of 5 stars, based on 763 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Axos 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

763 reviews
3.0
Sep 13, 2020
Recommend
CEO approval
Business Outlook

Pros

Decent bonus, great coworkers, entrepreneurial spirit, and an ability to do mission-critical work.

Cons

No clear "why", endlessly changing goal posts, and a general distrust of employees.

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Axos Bank Response
5y
Thanks for taking the time to share your views. At Axos, our core competitive advantage is our culture, which is both meritocratic and self-governing. What this means in practice is that we reward excellence and results (that speaks to the "entrepreneurial spirit" you mentioned). Rather than distrusting team members, our culture strongly encourages them to be emotionally invested in the mission, to act accordingly, and therefore require less authoritative direction. Authority in our culture accrues to individuals in accordance with their alignment with our values.
1.0
Sep 13, 2020

AVOID IF YOU DON'T WANT COVID

Recommend
CEO approval
Business Outlook

Pros

They hire people during pandemic.

Cons

During the orientation they packed 8+ of us into one elevator despite pandemic. Then they proceeded to run the orientation without a mask. ***THREE COVID CASES THIS WEEK.*** Yet they don't do anything about it other than justifying "our workstations are 6'x6', providing the appropriate social distancing." Hey, that doesn't help though; we're all breathing recirculated air indoor for hours and weeks! No one here checks their temperature nor wears masks in the office. We also have in-person meetings all the time and social distancing is nonexistent. It's a perfect place to get COVID for you and your family!

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Axos Bank Response
5y
Thank you for sharing your feedback. We're sorry to hear the proper protocols may not have been respected during orientation, and we've addressed your concerns with the relevant team members. We believe that preventing the spread of COVID is a shared responsibility, and we've repeatedly communicated with team members the steps we're taking -- and the steps they should take -- to ensure a healthy, safe and comfortable work environment. We've stressed CDC guidance that the best way to reduce the spread of COVID is limiting face-to-face contact with others, and we've asked team members to not just bring facial masks to work and wear them in the common areas as required but also to respect social-distancing guidelines in those same common areas. All team members are required to check their temperature each day before reporting to work, and we’ve installed temperature-check stations on every floor -- with each station featuring a no-touch digital thermometer, paper towels and sanitizer. Finally, we've provided sanitizer spray and paper towels at all print stations, in meeting rooms and in kitchen areas, and all of our offices receive a deep cleaning each night.
1.0
Sep 11, 2020

Doesn’t Care About Employees

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You get paid a lot (if you’re the CEO) - some have listed the two snacks in the break room as “pros”, if the only pros you can find are the two dry/stale snacks they give you, maybe reconsider?

Cons

I’ve worked here for quite some time hoping things will improve, but they never do. - 3 Covid positive cases in one week and still never closed the office; refuses to allow employees to work from home despite a pandemic - it is common knowledge here that junior level employees are severely underpaid, especially for having college degrees (they claim to pay competitively to market rates, it’s not true. do your research first) - false positive reviews on glassdoor (there are no “golf outings”, seriously?) - pay raises are minuscule, a few cents in many cases - bonuses are paid more in stock than cash, which only vests 1/3 every year; and are not commensurate to the amount of work being put in (do as little as possible and you’ll probably get more than the hard workers) - lack of diversity (or even an attempt at diversity); not to mention 0 programs in place for employee resources or wellness - CEO is still heavily involved in employee bonuses despite having 1000+ employees and not actually knowing them

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Axos Bank Response
5y
Thank you for taking the time to share your input. We consider all reviews on this forum to be authentic, and we take each and every one seriously. There's a lot to unpack in your review, and we'll try to address your main points. First, we try not to hide the fact that we have a unique, meritocratic culture at Axos. We push team members to operate outside of their comfort zones because that's where they learn and grow the most. Does that create a challenging environment? Sure. Does that foster excellence and drive success at the individual, team and organizational level? Absolutely. At a time when other banks are shuttering branches and reducing headcounts, Axos is on a hiring spree. We don't believe in furloughs or layoffs; we look to capitalize on opportunities in the marketplace and redeploy -- and retrain -- our team members accordingly. This formula allowed us to emerge stronger from the Great Recession, and we expect the same to be the case in the current economic downturn. Our pay packages are competitive and comprise a base salary plus twice-a-year, merit-based bonuses that are paid in a mix of cash and stock. Stock awards vest over three years and are intended to give team members a stake in the future of the company. Our CEO is very involved in leading this company to being the success it is and is yet going to be. Finally, we are committed to the principle of maintaining the safety and well-being of all our team members. Around two-thirds of our team members worked remotely during the pandemic. All of our office locations are in full compliance with all local public-health guidelines. We are genuinely sorry to hear your impressions, and hopefully you'll agree that this is not a generic response to your review. We encourage you to address your concerns with your manager.
Viewing 676 - 678 of 763 Reviews

Glassdoor has 818 Axos Bank reviews submitted anonymously by Axos Bank employees. Read employee reviews and ratings on Glassdoor to decide if Axos Bank is right for you.