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
5.0
Sep 11, 2023
Recommend
CEO approval
Business Outlook

Pros

Good working environment, management structure setup to help everyone progress and succeed. Weekly All-Hands Meetings with top management to keep all employees "in the know" of goals, objectives, successes and failures along with questions and answer time.

Cons

I don't have any negative thoughts of SoFi or the management.

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SoFi Response
2y
Thank you for taking the time to share your thoughts on your experience at SoFi. We greatly appreciate your feedback and are delighted to hear about your positive experience with us. We're thrilled that you find our working environment conducive to success and that you've had a positive impression of our management structure. Our weekly All-Hands Meetings are designed to foster transparency and open communication, and it's encouraging to know that you value this aspect of our company culture. Thank you for your commitment to our mission!
2.0
Sep 8, 2023
Recommend
CEO approval
Business Outlook

Pros

They don’t micromanage which is a huge plus which is why I’m going with a 2. Lots of contests where you can earn Amazon gift cards Good pay

Cons

Limited staff so requesting more than a day or 2 of PTO is difficult. You may be someone who’s reliable and consistent but don’t plan vacations in advance because you can only submit within an 81 day window and you need to run this by management first then wait to see if it’s approved and hope you can still get decently priced airfare or hotels for a family vacation. They specifically say not to purchase any tickets or make plans before consulting them first but again you can only submit it within 81 days and that it’s not a guarantee. it used to be 60 days but it took people complaining for them to move it to 81 days. It shouldn’t take complaints to do the right thing by your employees, especially where doing the right thing is one of their values. They don’t match 401(k) but they had stock options. Used to be available to management only but I believe they’re doing away with that too. Stock options for Sofi, which isn’t valued at much. The personal loans department is inconsistent, organized, and with constant changes being implemented. I hope other departments ran better but if this is any indication, I would say not likely. There’s constant changes to policy that it’s hard to keep up. There isn’t a grace period to give you time to learn the new changes before new ones are implemented. By this I mean, if you have calls graded by QA you won’t have any leniency or a grace period while you try to implement the new change it’s effective immediately, so you’ll be expected to pick this up immediately or fail calls. Managers are not on the same page. One manager will tell you to handle a situation one way and another manager will tell you the complete opposite. There’s no consistency or communication between management. This trickles to employees and we’re penalized because one person told us to do some thing a certain way that you’ll learn the hard way was not accurate. Constant misinformation. Management can work on tact. If you go to ask questions to clarify, expect to receive a condescending response and expect to leave the conversation feeling like an idiot, and as if you are an irritation to management. They constantly say they care about your input but this is the same as it is at every other large company. They don’t actually care about your input unless you’re singing their praises they don’t really want to hear about it. It’s best you keep your mouth shut if you want to stay in everyone’s good graces. Expect to be open to schedule changes every six months. Your schedule is not a fixed schedule. You will be asked to change it every six months and you’re at their mercy to see if you can keep your current schedule. If you’re a top performer, you may get first pick, but if you are middle or bottom of the pack based on your performance, don’t expect your schedule to stay the same. It goes back to their values specifically doing the right thing and I’m sorry they have a long way to go when it comes to doing the right thing by their employees.

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SoFi Response
2y
Hi There- we really appreciate you taking the time to leave such a candid review. While we are happy to hear you feel empowered to own your work, we are disappointed to hear that your overall experience is not meeting your expectations. We hear you on the 401k match, and rest assured this is top of mind for our benefits team as we continue to evolve our offerings. We understand your concerns around PTO. As you know, working in an operations environment, schedules are largely informed by volume and capacity planning which doesnt always allow us to forecast out very far in terms of time off however we do our best to work with employees on a case by case basis to ensure their schedule is accomdating. Our Workforce Management team regularly looks at data to anticipate staffing needs and are in constant contact to make sure we have the right team in place at the right time. We recognize the pace (both at SoFi and the industry) is fast. We are agile and are always looking for opportunities to be better and do better. We welcome people's feedback and appreciate the opportunity to revisit and determine if there's something we can iterate on. Additionally, we are committed to equipping managers with the tools and resources they need to create an inclusive, supportive work environment where their team can do the best work of their lives. We would like the opportunity to directly address some of your concerns, so we encourage you to reach out to your PBP, a trusted executive, or email us at glassdoor@sofi.org to continue the conversation. We really appreciate the feedback.
4.0
Sep 5, 2023
Recommend
CEO approval
Business Outlook

Pros

Good pay, great people, schedule is nice

Cons

Not a lot of cons except when it's busy

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SoFi Response
2y
We appreciate that you've taken the time to leave a review of your experience at SoFi. We're so happy you are enjoying working here! We are obviously biased but believe we have the most comprehensive product suite in the industry - because we are always thinking how we can better serve our Members. So glad to hear you feel our pay is competitive. We hear you on the pace - the rate we move (at SoFi, and the industry itself) does sometimes feel like a double-edged sword, but we are happy to hear you are still able to find the work/life balance that works for you. Thank you for all you do!
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