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Fundera by NerdWallet Reviews
Updated Nov 8, 2023
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Found 92 of over 94 reviews
61% Recommend to a Friend
74% Approve of CEO
Found 92 of over 94 reviews
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Recommend to a Friend
Approve of CEO
Jared Hecht
68 Ratings
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Top Review Highlights by Sentiment
Excerpts from user reviews, not authored by Glassdoor
Pros
- "Awesome team mates that I can talk about everything and be friends outside of work." (in 5 reviews)
Cons
- "Training is bad, more of a trial by error approach They don't hire managers from within most of the time so you lean on tenured reps the majority of your time." (in 5 reviews)
Ratings by Demographics
This rating reflects the overall rating of Fundera by NerdWallet and is not affected by filters.
- 5.0Oct 6, 2022Senior Account ExecutiveCurrent Employee
Pros
Love this company. So transparent and always willing to take employee feedback and make changes. The sale can be hard some months, but a lot of the time the products sell themselves. Awesome culture in the office.
Cons
I wish management was hired mostly from within so they knew the role a bit better.
- 4.0Nov 8, 2023Strategic Sales LeadFormer Employee, more than 3 yearsNew York, NY
Pros
-Approachable management at every level -Great location, office, and amenities -Very good commuter, health, and other benefits package -Leadership truly does do their best to create a cohesive vision and communicate via weekly/monthly syncs -It's all about dials, if you put in the work, you will see the results and be rewarded
Cons
-Industry susceptible to economic factors -Not much room for advancement if you don't want to become a manager (not really a bad thing, just a note) -Company is all about the revenue goal and everything is held to your KPI's (same at any sales job)
- 3.0Oct 13, 2023Senior Account ExecutiveFormer Employee, more than 1 yearPhoenix, AZ
Pros
Great coworkers and friendly management Decent pay for entry level Fun environment and good snacks in office
Cons
Training is bad, more of a trial by error approach They don't hire managers from within most of the time so you lean on tenured reps the majority of your time. 95% of the good managers were former fundera AE's ^new managers are often unhelpful because they don't know the product. occasionally have good sales tips Role is subject to state of the economy. Hard to sell money when dealing with 50% rates Quick turnover. Team maxed out at 60 ppl and lost upwards of 30-40 people in my 1-2 years Best leads go to new reps who get lower/capped commission so they dont have to pay out as much
Fundera by NerdWallet Response2moThank you for sharing these concerns with us, and for your time at NerdWallet. We take all feedback seriously and will be sharing your review for discussion by the HR and relevant teams. Best wishes for your future role.
- 4.0Nov 1, 2023Sr. Account ExecutiveCurrent Employee
Pros
Employee centric work place, lots of additional perks for extra commissions.
Cons
Kind of gaslit being offer unlimited paid time off, but it’s sales so taking any time off can really just ruin you
- 1.0Oct 13, 2023Account ExecutiveFormer Employee, more than 3 yearsScottsdale, AZ
Pros
Good snacks and drinks i guess.
Cons
Do not care about their employees at all when it comes to being sucessful. Andy there is an absolute tool.
Fundera by NerdWallet Response2moThank you for sharing your feedback with us and for your time at NerdWallet. We’re committed to addressing your concerns by embracing our values, including Relentless Self-Improvement and Open, Candid & Construction. We will be sharing your review for discussion internally. Best of luck in your future endeavors!
- 4.0Jun 13, 2023Senior Account Executive ICurrent Employee, more than 1 yearNew York, NY
Pros
-Benefits (Unlimited PTO, Remote flexibility, Amazing insurance, stock options) -Renovated office -Clearly defined promotion structure (merit based) -Clear company culture and vision -Overall everyone works together and is supportive and fun
Cons
-Limited advancement opportunities outside of role (simply limited management roles to fill) -With current economic climate, tough to hit quotas (also not really a company specific issue) -Work/life balance can be poor if you’re not hitting a string of success or luck. Have to really hammer in calls and stay late to be a top performer. But overall it’s ok
Fundera by NerdWallet Response2moThis is really helpful feedback! We appreciate that you’ve taken the time to write this; please know that ensuring Nerds have a positive and rewarding experience is our top priority, and we’re committed to making NerdWallet an inclusive and inspiring place for everyone to develop their careers and find professional fulfillment. Please continue to share your thoughts by reaching out to your team’s HRBP or including them in NerdVoice.
- 1.0Apr 13, 2023Account ExecutiveFormer Employee, less than 1 yearScottsdale, AZ
Pros
Free snacks at the office and a good health insurance plan and a nice laptop.
Cons
PLEASE READ CAREFULLY IF YOU ARE CONSIDERING APPLYING - 8 people between both offices hit quota out of like 70 Account Executives - Only team captains hit quota since they are fed better leads -They give you a bonus for your 12-month anniversary and a bonus every 6 months after that- THERE IS A REASON FOR THIS PEOPLE DONT LAST - At least 4 people are fired every month and at one point 8 people got let go one month. The average tenure is about 6 months - You are selling a 50% loan to a small business that is struggling - Think about that - Heavily micro-managed company. Everyone who is hired is fresh-out-of-college kids who don't know better. - You will spend the day making 70-100 dials to people that just told you they weren't interested a week ago - There aren't enough leads coming in for reps to be kept busy throughout the day so the majority of your time will be spent calling the disconnected numbers to meet metrics - Leads are not distributed evenly - Every sales meeting is pointless when the message at the end of the day is DIAL MORE "work harder","be more aggressive" - Upper management has no plan to move forward and they will not take feedback because if you say anything you will be fired as they fear it will start a bad cultural environment - All of the reps are on the same page and are proactively applying elsewhere - Cheap labor - For example, while reps are ramping up they tend to perform really well sometimes exceeding quota and even the top 10% in the company beating people with more tenure. How does that happen? well, they are given better leads at the beginning because their commission is capped because of the "low quota" - once graduated and passed the ramping stage their performance just plummets without any reasoning aside from they are NOW eligible for higher commission checks so they stop giving the good quality leads. - Basically, a nicer version of a CASH 1 Loans or Loanmax Title place you will find in the hood but with a "fintech startup feel" and I'm sure they are making more money without the nicer office or Apple laptop.
4Fundera by NerdWallet Response8moThank you for bringing your concerns to our attention. Please know, we're committed to providing an equitable experience for all employees. We take all feedback seriously and will be elevating your review for discussion.
- 4.0May 11, 2023Anonymous EmployeeFormer Employee, more than 3 yearsNew York, NY
Pros
Fun culture and great team
Cons
Nothing major. I have heard from former colleagues that the culture changed since the Nerdwallet acquisition
Fundera by NerdWallet Response2moThank you so much for sharing this feedback with us! We’re glad to hear that your NerdWallet experience was positive and rewarding, and we wish you the best of luck.
- 4.0Dec 16, 2022Account ExecutiveFormer EmployeeNew York, NY
Pros
Have a great open culture and you can really learn a lot
Cons
Not a downside of the company but of the role itself. Sales is a grind and you need to be able to make 100 quality phone calls for a day and accept the fact that you will not only be successful if you want to succeed in this role
- 2.0Feb 21, 2023Account ExecutiveFormer Employee, less than 1 yearScottsdale, AZ
Pros
Coworkers are great, so are perks and benefits
Cons
If you don’t meet the quota you’re out
1
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Fundera by NerdWallet Reviews FAQs
Fundera by NerdWallet has an overall rating of 3.3 out of 5, based on over 94 reviews left anonymously by employees. 61% of employees would recommend working at Fundera by NerdWallet to a friend and 59% have a positive outlook for the business. This rating has decreased by -9% over the last 12 months.
61% of Fundera by NerdWallet employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Fundera by NerdWallet 2.8 out of 5 for work life balance, 3.4 for culture and values and 3.0 for career opportunities.
According to reviews on Glassdoor, employees commonly mention the pros of working at Fundera by NerdWallet to be benefits, senior leadership, career development and the cons to be compensation, management.
