SoFi reviews

4.3

81% would recommend to a friend

(1,143 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 1,143 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
Apr 27, 2023
Recommend
CEO approval
Business Outlook

Pros

**The pros mainly start when you are NOT in a customer facing role -Great pay -Good work life balance -Good health benefits -Love my current departments team

Cons

If you are looking to join SoFi, you might wanna read this. Your journey will not be an easy one if you are looking to grow. -COMMUNICATION LACKS. This is the biggest opportunity for SoFi. Upper management does NOT pass down changes or updates that are coming. EX: Customer Service doesn't learn about a promotion until DAY of and AFTER a customer mentions it when they call in. -Training is sped up leaving very little time to actually learn the ins and outs of your role. There is no test environment meaning very little hands on learning. Training feels like it sets you up for failure when you leave training and need to apply your "learning" to real life scenarios. If you are not in a customer facing role, you end up having to correct a LOT of the mistakes Customer Service makes from lack of training. -SoFi has begun hiring externally through 3rd party sites meaning you are now working with individuals who do NOT know SoFi and who do NOT have any previous banking experience. There are also language barriers and very little room for growth due to the mass amounts of external hiring. -If you're looking for feedback and criticism to grow, management is NOT involved enough. Most managers are sitting in meetings when they should be more hands on with their team.

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SoFi Response
3y
We sincerely appreciate your candid, honest feedback - it's the only way we will continue to improve and achieve our ambitions of becoming a 'best place to work' caliber company. We're happy to hear you have a good work/life balance, feel your pay and benefits are competitive, and are enjoying your team. That said, most of your comments are troubling to hear. We know that we have an opportunity to improve communication amongst teams - it is a topic that has come up on our most recent engagement survey, and please know that our Comms team is working hard to get to the truth on this so we can have a scalable solution. One potential solution is investing in a new intranet, which we are investigating now for a potential roll out later in the year. The growth of the company and industry means that we have to be adaptable and flexible; however, we want to make sure our front-line employees are set up for success. Our Learning & Delivery team is always looking to improve how we train employees, so we encourage you to share your feedback directly with them. Additionally, I have shared your feedback with our Business Partner leadership team so we can further address your concerns. That said, we'd love the opportunity to discuss your concerns 1:1 so we can improve your experience. If you're open to it, you can set up a meeting with us by reaching out to your PBP or emailing me at glassdoor@sofi.org. We hope to continue this conversation so we can do better by you!
1.0
Apr 26, 2023

Not Competitive

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It's just a job, not a career.

Cons

- Pay no longer competitive - Management is uneducated - like seriously, I had a few who just had a GED.

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SoFi Response
3y
Hi there! We appreciate that you've taken the time to share feedback about your experience working at SoFi. We are very disappointed to hear it's not meeting your expectations. We want SoFi to be a place where our employees can have meaningful careers, which is why we have formalized an Internal Mobility function this year that is solely dedicated to helping our employees find new jobs within the company. Additionally, we frequently review employee compensation to ensure it is fair and competitive based on external market data and individual performance. We encourage you to voice any concerns to your direct manager, or your PBP. If you would like to continue the conversation, we welcome an email at glassdoor@sofi.org. Thank you for the feedback, and we hope we can improve your experience.
4.0
Apr 24, 2023
Recommend
CEO approval
Business Outlook

Pros

Great leadership, growing portfolio of products

Cons

Can be hectic and you wear alot of hats

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SoFi Response
3y
Thank you for your review! We are so happy to hear you are enjoying your time at SoFi. The growth of the industry and of SoFi offers tons of opportunities for our employees to grow, too. We know this environment isn't for everyone, but for those who thrive in fast-paced, collaborative environments where you're right - you get to wear a lot of hats, there's no better place to be. If there's anything else we can do to improve your experience, please reach out to us at glassdoor@sofi.org. Thanks for being on this journey with us. Take care!
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Glassdoor has 1,242 SoFi reviews submitted anonymously by SoFi employees. Read employee reviews and ratings on Glassdoor to decide if SoFi is right for you.