Financial Engines Reviews

Updated June 30, 2015
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3.1
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Financial Engines President & CEO Larry M. Raffone
Larry M. Raffone
7 Ratings

Pros
  • Very good pay with great work/life balance (in 6 reviews)

  • It feels good to build useful applications that help people plan their retirement (in 6 reviews)

Cons
  • Not allot of internal career growth opportunities (in 4 reviews)

  • Executive management and mid-level managers continue to lie to the average employee creating a false sense of career advancement (in 4 reviews)

More Pros and Cons

60 Employee Reviews

Sort: Popular Rating Date
  1. Senior Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Manager in Phoenix, AZ
    Former Employee - Senior Manager in Phoenix, AZ

    I worked at Financial Engines

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good pay, good benefits, good company stock grants and company stock performance. Work with a lot of driven people and provide a very valuable advisory service that helps a ton of people with their retirement needs. Strong morals, good ethics, and extremely focused on doing what is best for the client.

    Cons

    Virtually no work-life balance - the company offers free drinks, snacks, and foods which is great, but you don't actually have time to eat or drink any of them. Not a place to work if you have a family and want to see them - lots of mandatory overtime and working on weekends. Managers are expected to manage a team of people, manage the business, and manage multiple projects. Very low employee morale and employee engagement - employee turnover is high as a result.

    Advice to Management

    Improve work-life balance by hiring enough people to create redundancies in job roles and staff projects accordingly. Minimize reactive and short-term business decisions. Focus more on long-term direction and stick to the plan to get there.


  2. Helpful (2)

    Rearranging deck chairs on the Titanic

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Sunnyvale, CA
    Current Employee - Anonymous Employee in Sunnyvale, CA

    I have been working at Financial Engines full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Nice people, improving tech stack, decent pay, more realistic calculation of bonuses vs last year

    Cons

    While "sinking ship" might be too strong, the company's growth has definitely slowed and morale is terrible. After six months of concerted efforts to improve "employee engagement", that score has actually fallen as measured by the HR survey. The worst score for the past few years revolves around senior management. No one really believes they have a plan. They seem to just bumble along relying on luck rather than strategy. Meanwhile they cut our bonuses in half and give themselves raises.

    The disconnect between rank and file employees and senior management is profound. No one above Director level seems to understand how bad it is. The company is hiring, but I don't know many people who would recommend coming here. I'm actively looking for a new role myself, so how could I ask a friend to come over?

    Advice to Management

    Create a shared vision for the future, then build a real plan for getting there. No more big metrics with no idea how to achieve them. That's just amateur.

    Stop giving yourself raises, bonuses and more stock options when you cut everyone else's bonus because of your poor business decisions.


  3. Helpful (1)

    Good experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Financial Engines

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Easily accessible, great people, relaxed environment

    Cons

    company size could have been bigger

    Advice to Management

    nothing on top of my mind


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Don't bother

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Specialist in Phoenix, AZ
    Former Employee - Specialist in Phoenix, AZ

    I worked at Financial Engines full-time (Less than a year)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    It's a job if you need one and the individuals on the front line are mostly good.

    Cons

    Pay is low and the bonus plan is a joke since most workers cannot affect the metrics used to calculate.

    Advice to Management

    Train your middle management. Basics like not swearing at staff or dressing down someone in front of other colleagues should not occur. The excellent mission and product is getting degraded due to employees having to work in the juvenile corporate culture.


  6. Helpful (3)

    Great mission, low pay, biased hiring

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Tech Employee in Sunnyvale, CA
    Former Employee - Tech Employee in Sunnyvale, CA

    I worked at Financial Engines

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Great mission and business model with huge potential
    Smart people who want to do the right thing
    New CEO is no-nonsense business man

    Cons

    Low pay for Sunnyvale environment -- employees who were there pre-IPO are millionaires and others are scraping by to afford Bay-Area housing, this is feeding low morale among new employees
    Inconvenient location unless you live in the South Bay
    Don't bother applying unless you are a Stanford or Ivy League grad (for upper management); or East Indian (for the tech team)

    Advice to Management

    Keep it simple and focused to improve enrollment; fix the IT infrastructure; hold people accountable


  7. Helpful (1)

    Changes Are Exciting

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Sunnyvale, CA
    Current Employee - Anonymous Employee in Sunnyvale, CA

    I have been working at Financial Engines full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Culture of Learning
    Culture of implementing technology tools which make sense for our customer
    Very nice people
    HR is very helpful

    Cons

    Old school leadership
    No Big Data, Analytics, or Hadoop technology being adopted

    Advice to Management

    Move towards where the WORLD is going


  8. Helpful (1)

    Meh

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Phoenix, AZ
    Former Employee - Anonymous Employee in Phoenix, AZ

    I worked at Financial Engines

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Start-uo mentality. Reasonable leadership. interesting work

    Cons

    Long hours, comp not always in sync, leadership sometimes not in touch with reality...recent changes probably good.


  9. Helpful (1)

    No Great People

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Sunnyvale, CA
    Current Employee - Anonymous Employee in Sunnyvale, CA

    I have been working at Financial Engines full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    - Flexible Time
    - Great Healthcare Benefits

    Cons

    - People are awful.
    - Culture is awful.
    - Gossiping is everywhere.
    - Salary is terrible


  10. Helpful (1)

    Senior Manager

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Financial Engines full-time

    Pros

    I get to work with intelligent and passionate people who truly want to help our clients achieve their retirement goals. The mission of the company is clear, and it's why people work here: we help people.

    Cons

    Financial Engines runs very lean in some areas, which can make things harder for some teams. Still, there's a lot of focus on improving process and people.

    Advice to Management

    Don't forget about the stuff that supports the company - sometimes, those teams have just as much impact on a company's success as the people making the cool stuff.


  11. Helpful (1)

    Poor Organization Changes, HR Needs Direction

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sunnyvale, CA
    Former Employee - Anonymous Employee in Sunnyvale, CA

    I worked at Financial Engines

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Benefits decent, some good people

    Cons

    HR, TA, Poor Management, poor direction

    Advice to Management

    People - HR need to add more value to management to create effective organization changes and influence better hiring decisions. Talent acquisition needs to offer less bogus reports/ findings and hiring strategies that produces 'goose eggs' results. Attracting talent means to have recruiters who actually pulls in good hires, not someone who constantly flip flops through bogus new hiring tools or ideas and never committing to them or pulling any results.



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