SoFi reviews

4.3

81% would recommend to a friend

(1,142 total reviews)
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Anthony Noto

93% approve of CEO

83% positive business outlook

SoFi has an employee rating of 4.3 out of 5 stars, based on 1,142 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
2.0
Jan 29, 2024

Meh

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Pay and benefits were good. Co-workers were also great.

Cons

Lay-offs were heartless and unexpected. Should have not forced people to go back to the office and instead, they could have saved money by avoiding office space rentals and retaining their workforce. No one wanted to go back no matter how hard they try to convince staff that "some" did.

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SoFi Response
2y
Thank you for taking the time to share a review of your experience - we're very sorry to hear working at SoFi didn't meet your expectations. The last thing we want is for any of our employees to feel that they were not valued or respected during the very difficult decision we had to make as a company in January. Regarding return to office, we see value in bringing our employees together. Compared to other companies, we feel our return to office policy is quite flexible and less structured (for example, we do not ask leaders or managers to track attendance), and that is intentional and ties to our overall flexible approach to work. While each business unit has a slightly different approach, in general we are asking employees to come into the office 4 times a month. We thank you for your feedback and contributions to SoFi. Good luck in your next endeavor.
3.0
Jan 27, 2024
Recommend
CEO approval
Business Outlook

Pros

Great colleagues who understand cause we’re all in the same boat. Medical benefits are exceptional

Cons

Company takes advantage of their management teams, doing the leg work for upper leader’s OKRs while they take the credit and you get told you could’ve worked harder before getting laid off due to “budget” by the people you did the work for. Senior Leadership is full of liars. Company was told no layoffs were on the horizon two months before entire positions were wiped out with no notice or warning. All the call center roles are being moved for cheaper labor overseas in Philippines. India, and Latin America. This role probably won’t exist in year.

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SoFi Response
2y
Hi there, thank you for your feedback and commitment to SoFi over the past few years. We know that building a world's best company starts with inspiring, world-class leaders. We're sorry to hear your experience with senior leadership fell short of your expectations. The recent small reduction in force was an extremely difficult decision for us, and our CEO and leadership team have taken steps to be transparent about why the decision was made; for example, talking through the decision in a recent all-company meeting and giving employees the chance to ask questions. While we are moving a percentage of jobs overseas, we are committed to ensuring that this does not take away from the member experience. The movement of these positions will allow us to further invest in scaling our processes and technologies to help more people achieve financial independence, and it will allow us to create better work schedules for our front-line Operations employees. This is not uncommon for these type of roles in the industry. Thank you again for sharing your feedback, and we wish you the best in your next career endeavor. Take care.
3.0
Jan 26, 2024

Always in Startup Mode

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great products and great ideas

Cons

Very little process, Everything has to be done NOW. Every BU is vying for shared resources and no one seems to set priorities. Every project can't be the top priority. Makes it hard to work here cause you feel pulled in so many different directions.

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SoFi Response
2y
First off, thank you for being on this journey with us. We have ambitious goals as a company and it's because of our hard working, dedicated employees like you that make our success possible. We sincerely appreciate your candid review. As you may know, one of our company priorities this year is to scale people, process, and technology, so we hope you are able to look back on this year and agree that we have continued to build scalable processes so we can meet and achieve our goals. We hear you on the 401k and rest assured that it is at the very top of the list of priorities for our benefits team as we continue to evolve our offerings. If you have any other feedback to share, we welcome it at glassdoor@sofi.org. Thank you again for your review, take care.
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Glassdoor has 1,241 SoFi reviews submitted anonymously by SoFi employees. Read employee reviews and ratings on Glassdoor to decide if SoFi is right for you.