Financial Engines

  www.financialengines.com
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Financial Engines Reviews

Updated August 12, 2014
Updated August 12, 2014
34 Reviews

3.4
34 Reviews
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Financial Engines President and CEO Jeff N. Maggioncalda
Jeff N. Maggioncalda
25 Ratings

Employee Reviews

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  1.  

    Laid back growth company

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

    Pros

    The benefits are great and the people make work enjoyable. Free breakfast, snacks and drinks are nice perks. New open concept office lends itself to collaboration amongst teams.

    Cons

    The organization is flat with very little growth opportunity. When jobs do become available they hire from the outside rather than rewarding tenure or further developing current staff.

    Advice to ManagementAdvice

    Focus on career development for Managers and above. You are losing great talent.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Burn and Churn management team

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

    Pros

    Highly intelligent staff (only Stanford grads need apply) & interesting work

    Cons

    Burn and churn of executive staff
    4 EVPs in customer experience in less than 3 years
    2 VPs in customer experience quit or "on leave"
    3 VPs in investment management in 3 years
    6 VPs in human resources in 8 years
    EVP in technology just quit

    Advice to ManagementAdvice

    What is going on with so many executives leaving? You need to keep executives in marketing, HR and technology rather than making it impossible for them to stay. Learn how to work with people who did not go to Stanford and who are new to the company. If you can't take care of marketing, technology and your employees what CAN you do?

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Its like a government office in third world country

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

    Pros

    They are in the valley.

    Cons

    I agree with some of the reviews here on Glassdoor.com... this place does not have a vibe of a high tech company. They are very slow in adapting anything new. The technology they were using in 2013, was the technology I used in 2007-2008 in another company.
    Once the excitement of new job was over - I quickly figured that I had just depreciated value of my career. During my run here, I did not learn anything new in terms of technology (I mean it...). There was no scope for innovation or learning.

    I went to Financial Engines from a start-up. At our 20 people startup - our direction changed frequently, it was exhausting - but there was leadership, there was a vision! At Financial Engines, there is NO vision, and absolutely NO leadership. There is tons of micromanagement - if thats what you are looking for go and join Financial Engines.

    People are another topic of discussion too. Yes, most of the people there have been around for a very long time (I don't know if that is good either..); They know functionality very well...and they WILL NOT share the knowledge...! They guard their turf! Not one manager/director/VP has diverse teams.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 3 people found this helpful  

    Mixed... wild wild west and wonderful until they went public and shifted dramatically culturally

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

    Pros

    Passion, intensity, camaraderie amongst lower level employees

    Cons

    horrendous work life balance; tail wags the dog; if you're not in the 'in' group of managers and execs, you'll never move up or have your opinions listened to. Customers don't come first.

    Advice to ManagementAdvice

    start listening to the employees that are closest to the customers

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6. 4 people found this helpful  

    Not for rockstar engineers

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

    Pros

    Probably a good company for engineers seeking "stability" over growth.

    Cons

    Note: The review is about Financial Engines Tech organization only (may be Prod Management too), HR, Legal may be more desirable to employees.

    1. From Technology perspective this is a feet dragging organization. It became clear to me on the first day. Dated frameworks, tools (if at all they exist), and everything is home grown!

    2. The architects/tech decision makers are old and very conservative. Very slow in adapting the technology that will not only make the application development easy, but also secure. The only reason they are not hacked yet is probably because they never came on the hacker's radar. Developers are responsible for web development too (result - check out their web site - if you can figure out how to get there..) .
    3. BTW there are not many top school employees in the tech org here (there are quite a few in legal and business side), but somehow during interviews they create air as such (IIRC - quote from one of my FEI interviewer "We use to employ Ivy League graduates only - now we have relaxed") -- Check out linkedIn profiles of their tech staff.

    4. New people are not welcome! Yes, the old timers are very touchy-feely with each other. If you don't suck up - you are out! One more thing, check out the profiles of Directors are VPs. Pay attention to their tenure at FE and academic background - ALL have been there at FE for 12+ years, none is from high ranking University. (Most are not even from a second rate University - how did I not see it before joining?)

    5. Also people who have been there for more than 5 years pretty much don't have to follow any rules - they roll in at 10 and leave at 4:30. Also, its common practice for managers/directors to insult staff in meetings.

    6. They follow some pseudo agile development methodology, people spend a good % of time filling up the time-sheets.
     7. There are way too many couples in tech org!

    Advice to ManagementAdvice

    Get rid of your current tech management! Bring some new blood in.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Engineers are a dime a dozen

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

    Pros

    Interesting product space, fun group of people

    Cons

    Poorly designed product, overly difficult to use

    Advice to ManagementAdvice

    Value your engineers more and simpify your product

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Financial Engines' best days in the past

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

    Pros

    Great people and very smart.

    Cons

    Old technology and aging platform. Employees' skills quickly become obsolete. Incredibly political, and hierarchical culture for a small company. No room for new ideas unless it comes from the CEO.

    Advice to ManagementAdvice

    Stop saying one thing and then doing the opposite. Your either lying, forgetful or disorganized.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Good Stable Company

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

    Pros

    Good Product and Services
    Management has a future vision
    Great Work life balance
    Family oriented company

    Cons

    Salary less than market rate

    Advice to ManagementAdvice

    Keep up the good work just increase some salaries please :)

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Great company with outstanding growth potential!

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

    Pros

    Great perks, work/life balance and benefits.

    Cons

    Not allot of internal career growth opportunities.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Can you find heaven on earth in a job? Well, YES!

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

    Pros

    FE has a wonderful balance of academic theory and real life application. It's wonderful to have a job in finance where you know the organization is really trying to help people (small or big account). You can sleep well at night. There are high standards here, great managers, top management is really accessible, incredible work life balance, and you don't have to wear a suit to work. The work is engaging and the culture is just plain happy. No big egos here. FE is the best place to work at.

    Cons

    The main office is in Sunnyvale.

    Recommends
    Positive Outlook

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