Axos Bank reviews

3.1

57% would recommend to a friend

(299 total reviews)
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Gregory Garrabrants

61% approve of CEO

61% positive business outlook

Reviews by job title

299 reviews

Reviews about "Compensation"

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1.0
Aug 25, 2024
Recommend
CEO approval
Business Outlook

Pros

Good entry level position to learn a multitude of skills starting day 1

Cons

Everything else. The pay is awful for comparable positions at other companies. They'll respond with trying to tell you the pay is competitive due to stock and company investments that you could MAYBE get after YEARS of working there. It is not the same, and not better. You will be underpaid and over worked. Even though it's entry level, you will be performing a System Administrator level of responsibilities and tasks. If you are performing 9 out of 10 tasks at once, management will get on your case about the 1 thing you aren't doing. Micromanagement in the extreme. They'll dress this up as, "We're a meritocracy, so it's to reward the hardest workers." Which sounds great in theory. But in reality, if someone is doing 5 people's jobs, you have to be doing 6 for recognition. This creates a culture of burnout and stress, not healthy competition. Which is why turnover is so high.

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Axos Bank Response
1y
Axos believes in training and development to create career growth and advancement opportunities from within. Our bonus program is intended to reward based on one's contribution. It is most beneficial to those who remain at Axos longer term as the vesting schedule for our stock grants is 3 years (1/3 vests per year). The upside potential to having a cash and stock bonus will allow you to receive an immediate cash reward in addition to the opportunity to generate long term wealth.
3.0
Aug 23, 2024
Recommend
CEO approval
Business Outlook

Pros

Good starting job to get career underway.

Cons

Poor flexibility, pay, and promotion

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Axos Bank Response
1y
Our JBA program is for recent graduates as an introduction into banking, designed for learning and development with exposure to many areas of Axos. When JBAs complete the program, they are on an accelerated career path. Those who perform well receive compensation increases throughout the program.
4.0
Jul 25, 2024
Recommend
CEO approval
Business Outlook

Pros

Good entry way into Banking

Cons

The pay is not good relative to other banks.

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Axos Bank Response
1y
Thank you for your review. The JBA program is unique in that we provide a high-level of exposure early on in your career and put a large focus on training and development. Once promoted out of this program, high performing analysts are quickly moved into more responsible roles. When considering the entirety of our compensation package, the salary plus discretionary merit-based semi-annual bonus is competitive.
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