Lots of cliques and politics - Specialist Wealthsimple Employee Review

3.0
Feb 9, 2024
Recommend
CEO approval
Business Outlook

Pros

Remote work is a lovely perk - they're probably one of a handful of employers that still offer fully remote roles - which is good especially in winter. It looks good on your Resume

Cons

An overabundance of supervisory roles with insufficient doers is a significant cultural drawback I've observed. The excessive number of mandatory one-on-one meetings, including sessions with a Team Lead, Senior Manager, Director, and occasionally higher-ups, is particularly cumbersome. Although these meetings can offer a platform for voicing concerns not acknowledged by immediate supervisors, their obligatory nature often detracts from valuable work time, rendering them largely inefficient. Excelling in flattery seems to be a prerequisite here - Many of us prefer to simply do our jobs well and head home. The necessity to ingratiate oneself with higher-ups to advance is unwelcome. It's important to recognize individuals based on their contributions, rather than perpetuating a culture that favors those who curry favor. You could put in all the work in a project - the late nights, weekends and everything and someone else steals all the glory in a Slack shoutout - with your contribution coming as a footnote - all this because, well, you're not part of their clique and don't subscribe to flattery. Moreover, being a Person of Color appears to increase vulnerability during layoffs - it often feels like we're disproportionately affected. Take that observation as you will.

Explore other reviews about Wealthsimple

5.0
Mar 9, 2026
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great pay benefits and working on impactful projects

Cons

None! Great in every way

3.0
Apr 17, 2026
Recommend
CEO approval
Business Outlook

Pros

You get to be at the forefront of financial technology, not just for Canada, but globally. They are very innovative, move fast, and care about their clients deeply. The products are solid, and the people are talented, smart, and warm. Katchen in particular is a big motivating factor to stay as he embodies a true leader.

Cons

There been a few recent changes that have caused some concern. First, they’ve made some decisions that feel antithetical to their mission of financial freedom and value of “be human”. 1. They are launching a prediction product, which is like gambling, and could put people in significant debt. 2. They launched a partnership with X to drive trading growth. Considering Musk’s views, especially about Canada, this almost feels like a slap in the face to many Canadians. Second, they recently expanded on their culture manual. While most of it was fantastic, providing prescriptive instructions on how to live values, some things did cause alarm. 1. They are expecting people to work flex hours, into the night and on the weekends, especially in management positions. This feels contradictory to their value of Be Human, which does and should include their employees. 2. They expect people to not focus on title/level, while also continuing to prescribe to a very traditional hierarchical organization structure. That, combined with the lack of bonuses, low salary bands compared to other tech companies, and low merit increases even for top performers, creates a system where people are only really rewarded based on title/level promotions. Telling people to not care about title in this situation and to work late nights/weekends feels out of touch and frankly, inhuman, especially given the rising cost of living.

3
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