LendingClub Reviews
Updated May 30, 2023
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Top Review Highlights by Sentiment
- "The mission will get you up every morning and the great culture will keep you challenged and engaged everyday." (in 63 reviews)
- "Managers can be good but are overworked so they tend to provide minimal input and I often don’t hear from mine for more than a week." (in 23 reviews)
- "Connection with senior leadership was really the only piece missing from my initial experience with Lending Club." (in 14 reviews)
Ratings by Demographics
This rating reflects the overall rating of LendingClub and is not affected by filters.
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- Former Employee, more than 1 year★★★★★Featured Review
A great place to work
Feb 10, 2023 - Anonymous Employee in Boston, MARecommendCEO ApprovalBusiness OutlookPros
LendingClub is full of caring, passionate and intelligent people who are invested in the company's values and mission. My team at LendingClub inspired me to become the best version of myself, both professionally and personally! Highly recommend this place of work for young professionals looking to learn and grow in their early post-grad years.
Cons
I already miss working with my LendingClub friends!
- Current Employee, more than 1 year★★★★★
Pros
Great company culture Work from home Great hours Fair pay
Cons
It’s a customer service job so you might have to work some holidays
- Current Employee, more than 1 year★★★★★
Pros
They take work life balance seriously, hire terrific people and allow for 100% remote work.
Cons
Systems integration, data infrastructure and warehousing, and IT support are weaker than they should be. There are still too many things done in spreadsheets.
Continue reading - Former Employee, more than 3 years★★★★★
Fun and rewarding
May 26, 2023 - Payment Processor in San Francisco, CARecommendCEO ApprovalBusiness OutlookPros
Good culture and facilities. People seem to enjoy the work.
Cons
Not a lot of opportunity for growth
- Current Employee, more than 1 year★★★★★
Not all bad but know what you're getting into
Mar 11, 2023 - Compliance SpecialistRecommendCEO ApprovalBusiness OutlookPros
LC does offer snacks and drinks at the office and free lunch on some days, so if that’s important to you, it’s not all bad there. They also offer a decent workspace—and a hybrid home/office schedule. I do think that’s a plus. LC offers pretty Competitive Salaries and even paid bonuses in a year that was not all rosy--and I respect that.
Cons
If you are looking to work for a bank that is under intense OCC scrutiny due to past indiscretions, has an established track record of regular layoffs, always puts profits before employees well-being, and expects employees to work long hours outside normal business hours , then LendingClub is for you! Don’t be fooled by artificially inflated ratings from employer rating companies (such as salary.com). LendingClub regularly pressures and badgers its employees to fill out positive employer surveys. It’s definitely skewed. Lending Club attempts to operate on a skeleton staff to maximize profits and, while their salaries appear very competitive, the workloads and time demands are extremely high due to understaffing in many department, perpetual examinations and non-stop putting out of fires. I can confidently say that the work/life balance here was not good for me or many of my co-workers at LC, despite any claims that it is important to the company.
- Current Employee★★★★★
Pros
Love it. Great. Company. Nothing negative
Cons
Nothing negative. Love the company.
- Former Employee★★★★★
Pros
I have no pros to speak on
Cons
Only care about money Customer does not come 1st
- Current Employee★★★★★
Pros
International student friendly. Support dAY 1 greencard
Cons
Work Life balance is not very good.
- Current Employee★★★★★
Nice team dynamic
Apr 26, 2023 - Anonymous Employee in San Francisco, CARecommendCEO ApprovalBusiness OutlookPros
company benefits free snacks nice coworkers
Cons
work life balance is not ideal
- Former Employee, less than 1 year★★★★★
Pros
This company is very untruthful with there the company had great health insurance benefits, and that’s all.
Cons
This company is very untruthful with their employees. They lie to them Constantly saying they aren’t struggling with money, but cut everyone’s incentive bonus down by A LOT and use the excuse that the finance department made a mistake for 4 months and overpaid us all for months and they are now resolving the issue. They tell you that you can move forward in the company after 6 months and promise a raise after a year but neither promises were fulfilled. I’ve seen great team leads and managers get put back onto the phones with their entire bonus cut out completely and no money added to their check without a notice. They expect you to work every single day and give them all their attention but do nothing for you. They preach honesty but are the most dishonest people with their employees and customers.
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LendingClub Reviews FAQs
LendingClub has an overall rating of 3.4 out of 5, based on over 862 reviews left anonymously by employees. 53% of employees would recommend working at LendingClub to a friend and 46% have a positive outlook for the business. This rating has decreased by -12% over the last 12 months.
53% of LendingClub employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated LendingClub 3.3 out of 5 for work life balance, 3.3 for culture and values and 3.2 for career opportunities.
According to reviews on Glassdoor, employees commonly mention the pros of working at LendingClub to be career development, culture, benefits and the cons to be senior leadership, compensation, management.
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