LendingClub

www.lendingclub.com

LendingClub Reviews

Updated January 19, 2015
Updated January 19, 2015
54 Reviews
4.6
54 Reviews
Rating Trends

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LendingClub Co-Founder & CEO Renaud Laplanche
Renaud Laplanche
48 Ratings

Review Highlights

Pros
  • Surprisingly good work/life balance and plenty of opportunities to make friends (in 4 reviews)

  • We have great benefits and company perks such as a gym membership and food (in 5 reviews)


Cons
  • There are growing pains and formal processes are being established (in 5 reviews)

  • Lots of work, but it's challenging and productive work (not busy work) (in 2 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    Great potential

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

    I have been working at LendingClub

    Pros

    Everything moves quickly - it's relatively easy to get decisions and get things done. The company's growing so fast that it creates a lot of opportunity.

    Cons

    Roles can be undefined, which makes it easy to step on someone's toes inadvertently

    Advice to ManagementAdvice

    Recognize who you've got and promote from within - don't keep bringing people in on top of the great talent you have.

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

    Great Place

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

    I have been working at LendingClub

    Pros

    flexible schedule and fun teammates

    Cons

    sometimes there is no more green tea in the fridge

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    This is a GREAT place to work!

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

    I have been working at LendingClub

    Pros

    The place is filled with smart people, and they are really enjoyable to be around. It is amazing how accessible the CEO, Renaud, is. He is in a lot of meetings, knows what is going on, usually drops by the monthly happy hours, etc. The office is nice, with some cool perks - a free coffee bar with good lattes, etc., free 15 minute massages in the spa, free snacks, etc. And I should mention the business model is a great one, we are doing well, and everybody thinks that will go on for a long time!

    Cons

    Not really any to mention.

    Advice to ManagementAdvice

    Keep doing what you are doing. Remain accessible, open minded and focused on both the business and the culture.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    Great Company, Growth potential huge, Personal growth not so much

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Credit Specialist in San Francisco, CA
    Current Employee - Senior Credit Specialist in San Francisco, CA

    I have been working at LendingClub full-time (more than a year)

    Pros

    Growth potential
    Great culture, each one teach one mentality
    Benefits are amazing, medical,dental, vision premiums 100% paid for
    Perks are awesome
    No stress, no deadlines or unattainable goals
    Excellent downtown location
    Transparency from the top down
    The CEO Renaud is rated 5/5 stars

    Cons

    Pay is very below market average
    Can be like high school at times (lots of young employees)
    Strict department policies
    Micro managed at times
    High volume expectations
    Work can sometimes be repetitive and monotonous
    Saturday shift rotations

    Advice to ManagementAdvice

    Please do not forget about your front line employees in the Operations team. We are the first contact with the borrowers.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    All star company with top-notch leadership

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Manager in San Francisco, CA
    Current Employee - Account Manager in San Francisco, CA

    I have been working at LendingClub full-time (more than a year)

    Pros

    Great opportunity for growth - I've worked at Lending Club for almost 2 years, and over the course of my time here I've had the opportunity to grow our Sales team from 4 people to more than 15. I've enjoyed the challenge and opportunity!

    Amazing benefits - free gym membership, unlimited snacks, paid medical/dental, equity

    Great office space - on site cafe, mini golf course, relaxation room and game rooms

    Stellar leadership team - from the top executives to my direct manager, I appreciate everyone's efforts to make Lending Club a great environment to learn, innovate, collaborate and grow.

    Fun group events and company culture - monthly company happy hours (so you get to meet all of the new faces joining the team), team happy hours, annual summer regatta, off the hook holiday party.

    Cons

    While we have an amazing product to offer, p2p lending is a new industry makes it sometimes difficult to sell products.

    Advice to ManagementAdvice

    Continue pushing employees to be their best, while also having realistic expectations.

    Recommends
    Positive Outlook
  7. 1 person found this helpful  

    A little larger than a start up.

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

    I have been working at LendingClub full-time (more than a year)

    Pros

    - Lots of entry level positions and lots of room for growth. Everyone who was here when I started has since moved on to new roles. They look for internal hires as well as external hires so trying new jobs is always encouraged.
    -I've seen the population here quadruple in a year, as well as the building size. Trust me, its always good to see a company growing as opposed to shrinking.
    - The usual quirky start up stuff (Game room, Barista, Blue Bottle Coffee, Mini Golf course, and now we just opened our private relaxation spa where you can get free massages.)
    -Home/life balance. Yes, you are allowed time off and to take vacations without feeling guilty about it.

    Cons

    -New people are coming in week after week. You can't possibly learn everyone's name.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 5 people found this helpful  

    Very good company culture but paid is below average

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

    I worked at LendingClub full-time (more than a year)

    Pros

    Coworkers are nice, supervisors are helpful, clear goal and clear vision.

    Cons

    Paid is a bit low for credit and fraud. For 3500-4000 a month after tax, it is difficult to survive esp in San Francisco. Everyone is talking ipo but employee only receives 500 shares in 4 years. Therefore, it is not a whole lot.

    Advice to ManagementAdvice

    Be generous to your front end employees.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    credit specialist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Specialist in San Francisco, CA
    Former Employee - Credit Specialist in San Francisco, CA

    I worked at LendingClub full-time (less than a year)

    Pros

    The company culture is very free. The training is very complete.

    Cons

    The policy is really strict.

    Advice to ManagementAdvice

    The leadership is really convince and the CEO has a clear future picture.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 4 people found this helpful  

    LC is great a company, strong CEO leadership, but otherwise friends hiring incompetent friends

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

    I worked at LendingClub full-time (more than 3 years)

    Pros

    Great CEO
    Good office location (commute from East Bay)

    Cons

    Finance / company all about nepotism, friends hire incompetent friends, particular on the manger level

    Advice to ManagementAdvice

    Go for skill rather who you knew in your last frat

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Tremendous opportunities to grow with the company

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

    I have been working at LendingClub full-time (more than a year)

    Pros

    We get to work with smart, hard-working, low-ego coworkers who are passionate about transforming the banking industry. I have been lucky to work under world class mentors and to have the opportunity to advance multiple times. Renaud sets the tone with his humility and accessibility, and the company follows suit. I couldn't have landed at a better company at this point in my career!

    Cons

    You do have to work hard and expect to be challenged - I see this as a pro, but it's not for everyone!

    Recommends
    Positive Outlook
    Approves of CEO

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