Mission: Financially responsible people are underserved and overpriced by the traditional banking and student loan system. Earnest is democratizing access to capital for millions of people at younger ages and cheaper prices by empowering people with the financial capital they need to ...
In October 2017, Earnest was acquired by Navient. The acquisition allowed Earnest to be backed by a larger company with Navient planning to maintain the brand as a separate unit.
Earnest has opened an office in Salt Lake City
We believe financially responsible people deserve something better. That is why we strive to eliminate unnecessary costs from the system and offer our clients the lowest possible rates.
Why We Started Earnest
Whatever your dream, we help you get there. We do simple low-cost lending to financially responsible people, and we allow them to customize their repayment experience to make it easier to pay us back. These loans are not for the most wealthy people. These loans are for great people. We want to help our clients start their lives, put them in control of their finances, realize their aspirations, and create a relationship with them that lasts a lifetime.
We are a team of data nerds who love to use technology, not only to save you money, but to find different and better ways to do lending. We believe the purpose of all banks and lenders is to help their clients realize their hopes and dreams, and we are fed up with a financial system that has forgotten this primary purpose. We started Earnest to bring back the trust that is so sorely missed from the current financial system and to build a modern financial institution that actually delivers on the goal of making our clients lives better.
Who We Are
We are a skilled team of design, math, finance, and technology geeks who think differently about trust within the financial system and decided to do something about it. We started Earnest to build a finance company that combines rich data analytics, simple, functional design, and elegant software to bring people a fast, low-cost, and hyper-personalized experience. Our mission is to greatly enhance people’s lives by lowering the high costs and barriers to credit faced by millions of financially responsible people.
Our values were built into the core of Earnest on day one. These values guide our ship, keeping us constantly aligned with what really matters: our clients.
Client happiness is our true north, and we use both data and empathy to understand our clients’ needs better. Striving daily to provide superior products and unrivaled service, we operate with the utmost integrity to earn client trust and nurture enduring relationships.
We have relentlessly high standards and continuously raise the performance bar on the quality of everything. If we fall short of our expectations, we don’t rationalize - we make it right.
We work tirelessly to deliver high-impact results at a rapid pace. Initiative, scrappiness, and grit help us take ownership of problems, craft thoughtful solutions, and make the impossible possible.
We love challenges, enjoy effort, and learn from our mistakes as we continuously improve. Our culture of curiosity, risk-taking, and rigorous, data-driven decision making encourages bold steps forward.
Success is built on relationships and believe in the wisdom of our team. We know that the best decisions are the product of disagreement and debate, not consensus or compromise. By collaborating cross-functionally -- debating our diverse perspectives rigorously yet respectfully -- we generate better ideas and arrive at better insights and decisions.
Every new team member receives a MacBook Air or Pro, a Thunderbolt display, and an adjustable ergonomic desk.
For each anniversary with Earnest, we fund a flight of up to $1,000 – anywhere in the world!
Team members are encouraged to take the time they need to recharge and have fun. Earnest offers 20-25 days of PTO to start.
Earnest recognizes the importance of work-life balance and offers a generous paid leave policy of 12 weeks for expecting fathers and mothers
We offer our team members a variety of health, medical and vision options so that everyone can choose which plan works best for them and their families.
We offer all team members a pre-taxed benefit and company provided amount for commuter expenses that allows for some serious saving!
We offer a Fidelity 401(k) and Roth plan that allows all team members to start saving for retirement with a 5% employer match.
We offer Earnies the ability to purchase stock at a 15% discount and join in on our company's success!
We offer tuition reimbursement and up to $400 a year for Earnies to pursue wisdom and promote curiosity.
Earnies enjoy PTO all the time and a $1,000 reimbursement toward a flight on each Earnieversary, to anywhere in the world!
Amsterdam, Netherlands: Executive Assisant Alex enjoys a dessert waffle at the Van Gogh Museum.
Cape Town, South Africa: David from Marketing and Copywriting enjoying the views from Table Mountain in South Africa.
Dubai: Product Manager Kevin enjoys a camel ride.
Andes: Even our Head of Growth makes time for some Andean hiking.
I have been working at Earnest full-time (More than 3 years)
- New, and necessary, sense of focus since management change
- The company feels like it is on the right track again
- Backing of Navient opens opportunities
- Comp in $ instead of "equity"
- A lot of great people have left
- Still organizational cleanup to do after a rough 2017
- Some integration pains with Navient
Advice to Management
Focus on being transparent and rebuilding trust that was lost in 2017
I applied online. The process took 4 weeks. I interviewed at Earnest (Salt Lake City, UT) in October 2017.
Fast paced and enjoyable. Each person I spoke with was pationate about he company. The interview started with the recruiter and then onto two phone interviews and one on site in SLC. I have not completed the full processes as of yet but so far it has been a positive experience and an amazing quality is the recruiter Michelle is great at answering questions and giving feedback.
Pay Equality Pledge
Committed to paying equitably for equal work & experience
Has programs that support a diverse and inclusive workforce