LendingClub

  www.lendingclub.com
  www.lendingclub.com

LendingClub Reviews

Updated December 22, 2014
Updated December 22, 2014
50 Reviews
4.6
50 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
LendingClub Co-Founder & CEO Renaud Laplanche
Renaud Laplanche
45 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. 1 person 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 an 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
  2.  

    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 an 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
  3. 4 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 an 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
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  5.  

    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 an 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
  6. 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 an 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
  7. 1 person found this helpful  

    1st Class Organization

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

    I have been working at LendingClub full-time (more than 3 years)

    Pros

    The company really stands apart from most financial companies. The environment is collaborative and I enjoy working with everyone here. Excellent benefits, pay and room for growth.

    Cons

    Really can't think of too many drawbacks that come along with working here.

    Advice to ManagementAdvice

    Keep doing a great job and recognizing employee achievements.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Fast and crazy but fun and stimulating

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

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

    Pros

    Free snacks, gym membership, great location, great co workers.

    Cons

    Growing pains, constant policy changes.

    Advice to ManagementAdvice

    I think management does their best to check in on the morale and ask for input. I don't have any specific complaints and cant wait to see what the new year has in store. Its a fast growing company and every body is doing their best to make sure the growth is done right.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person 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
  10. 1 person found this helpful  

    A Great Place to Work

    • 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 (less than an year)

    Pros

    I absolutely love this company. Great coworkers, positive attitutes, flexibility, personal growth opportunities, and benefits. We don't interact based on rank, everyone works with each other to create effective collaboration. There are ample opportunities to succeed, and managers who honestly care about your well being. Its a great place to work.

    Cons

    Volume. There are times when the workload can be overwhelming, you have to know how to manage stress and have time management down to a science. We're growing rapidly and there is a lot of work to go around!

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

    I am elated to work for this company!

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

    I have been working at LendingClub full-time (less than an year)

    Pros

    The benefits are unheard of, the attitudes and atmosphere are amazing, and the momentum this company is experiencing is super exciting!

    Cons

    The only con about Lending club is that I don't feel like I could work anywhere else! I honestly love my job here and have an amazing group of coworkers.

    Advice to ManagementAdvice

    I have no advice for management, the culture and the company values are great and the

    Recommends
    Positive Outlook
    Approves of CEO

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