Financial Engines Reviews | Glassdoor

Financial Engines Reviews

Updated September 22, 2017
123 reviews

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3.3
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Financial Engines President & CEO Larry M. Raffone
Larry M. Raffone
48 Ratings

123 Employee Reviews

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Pros
  • Great work/life balance, very easy to work from a remote location or home when needed (in 15 reviews)

  • It feels good to build useful applications that help people plan their retirement (in 10 reviews)

Cons
  • I have not seen any good plan for career growth/training as of now, but I believe work is under progress (in 5 reviews)

  • Executives and Senior Management are always trying to find a way to make new money (in 5 reviews)

More Pros and Cons

  1. "Fair one"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Palo Alto, CA
    Former Employee - Anonymous Employee in Palo Alto, CA
    Recommends
    Approves of CEO

    Pros

    Great people. Great Ideas. Great team work.

    Cons

    Constant change sometimes feels like churn as opposed to innvovation.

    Advice to Management

    Go public soon. It has been a looong time.


  2. Helpful (1)

    "Full of nice, intelligent people"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Palo Alto, CA
    Current Employee - Anonymous Employee in Palo Alto, CA
    Recommends
    Approves of CEO

    Pros

    While I met some of the smartest people in the corporate world here, environment is very collegial and not cut-throat. There are many Stanford/Berkeley phds, and ex-stanford professors in investment management. The environment is very academic and encourages learning. People work hard but make time to help others. Health/vacation benefits are great. The recreation room is also great. Free beverages (sodas, sparkling water, etc.) and breakfast/snack foods.

    Cons

    Salary is a bit below industry.

    Advice to Management

    Keep up the good work.

  3. Helpful (3)

    "Great place to work but at the time of my employment hours were long and more employees were needed."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in Palo Alto, CA
    Former Employee - Executive Assistant in Palo Alto, CA
    Recommends

    Pros

    Salary was very good, benefits great, people in the trenches were competent and fun to work with. Holiday and PTO typical of most companies. The best part of working there was knowing you were helping folks to utilize financial benefits provided by their companies but never fully explained. The product is priceless and the results of using FE as my own 401k adviser during one of the worst economic downturns resulted in my being able to move and purchase a home with my 401k.

    Cons

    Some of the Senior Management group did not always seem up to the job they were hired for and misused funds in my opinion.

    Advice to Management

    Overall CEO did excellent job of steering company and was tireless in the execution of his duty. Where I would say he went wrong was in the process for adding and terminating senior management. It is hard for an employee to watch good folks being let go.


  4. Helpful (2)

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

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

    I have been working at Financial Engines full-time (More than a year)

    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.


  5. Helpful (1)

    "Good Stable Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Sunnyvale, CA
    Former Employee - Senior Software Engineer in Sunnyvale, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Financial Engines full-time (More than 3 years)

    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 Management

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


  6. "Great Environment, Great Team"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    Current Employee - Software Developer Intern in Sunnyvale, CA
    Current Employee - Software Developer Intern in Sunnyvale, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Financial Engines full-time (Less than a year)

    Pros

    Good work environment.
    Good balance between work and life.
    No micro-management

    Cons

    None as far as I know.


  7. "Great Product with Great Vision"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Financial Engines full-time (Less than a year)

    Pros

    I feel it's a great product that can help people in their planning of money savings, that will help them in future.
    It was a great & quick interview process. Team and Recruiter very very supportive during the process of H1b transfer and shifting the joining date based on my availability.

    Cons

    Giving people tool for that future planning is a great responsibility.

  8. "Connected -> Interviewed -> Got an offer. All in < 3 weeks !!"

    StarStarStarStarStar
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Software Engineer in Sunnyvale, CA
    Current Employee - Software Engineer in Sunnyvale, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Financial Engines full-time (Less than a year)

    Pros

    Interview process is super fast!! Talked to recruiter over phone couple of times.. He quickly scheduled a phone screening with hiring manager and with the architect on the following day.. Called for an on-site in the following week!! Got the final offer in 2 days .. Negotiated on the same day and final offer letter on the next day.

    Everything happened in less than 3 weeks (No exaggerations). The Recruiter (Ronny Greer) was super fast in going through the process. No old school email exchanges. Directly call and text ! Also, Have not met a recruiter before who knows technical stuff required for the position in such details (and not just the names ;) )

    Company has a bunch of products which help people to retire with better financial position. To me it is important to work for a initiative to help people in some way through my work. Company has great past and promising roadmap ahead. I am really excited and eager to join :)

    Cons

    Cant find any at this point and hope I dont find any :)

    Advice to Management

    None at this point.


  9. Helpful (1)

    "Great mission. Focus customer benefits. Lots of new strategic initiatives to focus on employee engagement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Staff Engineer in Sunnyvale, CA
    Current Employee - Staff Engineer in Sunnyvale, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Financial Engines full-time

    Pros

    1. Great company mission. One of the very very few financial services company that actually want to do good for the individuals. Helping them retire with peace.
    2. Good strategic changes to focus company strategy on customers and constantly improving customer experience.
    3. Lots of initiative to modernize the technology stack.
    4. Value the employees and focus on empowering and engaging employees.

    Cons

    1. Lots of legacy code
    2. Numerous legal implications and rigorous approval process slow down the speed of development.
    3. Not very competitive compensation.
    4. No free lunch.

    Advice to Management

    Keep up the good work. Increase the compensation if you want to retain top talent. Free lunch can be a nice perk.


  10. Helpful (2)

    "Good company for talented engineers and product managers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Staff Software Engineer
    Current Employee - Staff Software Engineer
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Financial Engines (More than 10 years)

    Pros

    It feels good to build useful applications that help people plan their retirement.
    CEO and EVPs believe in the mission of the company and work to make it a success.
    Very flexible work environment.
    Nice office environment in Sunnyvale.
    Good opportunities for promotion for those with the talent and inclination to move into management.

    Cons

    Too much reliance on ancient legacy code that should have been rewritten years ago.
    Management appears to think passing tests = good code quality; not much interest in emphasizing maintainability, understandability, etc.
    We've been slow to adopt new practices and frameworks.
    The transition to Agile was brutal. Project deadlines were decided top-down based on business requirements same as before, but with a ridiculous amount of time wasted in Agile meetings.
    Pay and benefits are probably average or might be below average.

    Advice to Management

    Give us the time to clean up and modernize the code base.
    Do more to emphasize and reward best practices.


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