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OnDeck Reviews
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Full-timePart-timeApprove of CEO
Noah Breslow
159 Ratings
Pros
"Laid back atmosphere focused on getting work done but not inhibiting the work-life balance" (in 23 reviews)
"Relatively flat organization ; friendly work environment ; strong commitment to helping small businesses" (in 26 reviews)
Cons
"The work life balance is odd - there are definitely cliques that can be hard to break through as an employee" (in 6 reviews)
"There are no "cons" working at OnDeck" (in 5 reviews)
- Featured Review
Helpful (4)
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"Great People + Bright Outlook for Technology"
StarStarStarStarStar- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
RecommendsPositive OutlookApproves of CEOI worked at OnDeck full-time (More than a year)
Pros
When evaluating an opportunity I think through the following items:
Industry:
OnDeck is a FinTech company that has disrupted an industry by bringing in excellent customer experience, speed, advanced technology, and has set a new standard that large banks simply did not provide. An example is the Chase partnership where OnDeck powers Chase's small business lending by licensing its proprietary technology. The company has announced another bank partnership in the pipeline - an increased role and impact for technology!
Impact:
Employees are motivated by the opportunity to help small business owners grow their business, hire employees, provide for their families, and realize the American dream.
CEO:
Noah is very personable, approachable, thoughtful, and open to listening to employee ideas. He greets you by name if you walk by each other. Overall, he really cares about his employees and is very passionate about the mission of OnDeck.
Leadership:
- Technology leadership is very strong. Highly approachable and personable, they really look after the satisfaction and well-being of their employees. Tech Leads & Architecture play a vital role in the strategy and design of any tech initiative to ensure implementations are scalable and reusable.
- The Product Managers are high caliber and great leaders, many have tech backgrounds and PMs sit directly with the tech teams, which increases overall collaboration and effectiveness of the teams.
- The Sales leadership essentially built the sales teams from the ground up and bring an infectious level of passion to work everyday and care about developing their team. Important to have a solid revenue generation machine.
Growth and Exit Opportunities:
Tuition reimbursement program, tech talks, exposure to technologies, conferences (like AWS), career development tracks. Regarding exit opportunities, the caliber is high as a few of the engineers and analytics folks went to Google and Facebook after a few years at OnDeck.
Overall Culture:
Despite layoffs earlier in 2017, the outlook for 2018 looks definitively better. Great place to work, tech culture with snacks and beer, impromptu happy hours, 2 great holiday parties / yr. Ultimately it's the people that really matter and OnDeck has great people.Cons
The Risk department has seen pretty high attrition - although the team is pretty effective as it has essentially met the mandate of ensuring OnDeck is lending responsibly evidenced by the lowered loss provision rate.
OnDeck 2017-11-30 05:35 PST Helpful (1)
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"Fantastic Company"
StarStarStarStarStar- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
RecommendsPositive OutlookApproves of CEOI have been working at OnDeck full-time (Less than a year)
Pros
Competitive Salary, Work/Life Balance, Employee Appreciation, Work from Home when Needed, Great Benefits
Cons
Out of date software i.e. Salesforce
Advice to Management
Keep doing what you're doing. I love coming to work every day.
OnDeck 2018-02-12 13:07 PSTHelpful (1)
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"Great company overall"
StarStarStarStarStarApproves of CEOI have been working at OnDeck full-time
Pros
Great culture. Open and accessible across different teams and departments including senior leaders. Bit of an entrepreneurial spirit.
Cons
Management is not transparent when it comes to bad news if the company is not doing so great, which leads to sudden and unexpected negative changes after they keep saying everything is great.
OnDeck 2018-05-15 17:42 PDTHelpful (12)
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"Run away"
StarStarStarStarStar- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
Pros
- Flexible work schedule
- SnacksCons
- Terrible Management
- Terrible HR
- ScammyOnDeck 2018-03-19 14:09 PDTHelpful (6)
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"Terrible"
StarStarStarStarStar- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
Doesn't RecommendNegative OutlookDisapproves of CEOI worked at OnDeck full-time
Pros
Food is available in the kitchen
Cons
Liars and scammers. Sleazy. Fake. Should have never worked here in the first place.
OnDeck 2018-04-25 14:24 PDTHelpful (9)
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"Popped Ballon"
StarStarStarStarStar- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
Doesn't RecommendNegative OutlookDisapproves of CEOI have been working at OnDeck full-time
Pros
Casual Attire
Location (New York, VA and Denver)
Opportunities - IF you are maleCons
Management
Product
Future at OnDeck seems grim since they have had three layoffs. They recently shut down their Operations department in the Virginia office.Advice to Management
Think outside of the box in terms of new product which will maximize the company's profit and retain employees and keep them motivated, engaged and loyal.
OnDeck 2018-04-17 14:32 PDTHelpful (2)
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"Good ride @ OnDeck"
StarStarStarStarStar- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
RecommendsPositive OutlookApproves of CEOI worked at OnDeck full-time (More than 3 years)
Pros
Most people are nice and friendly; Ample opportunities to grow and learn; good numbers of Happy hours and Parties; You get to wear multiple hats
Cons
Not many passionate and smart people left; you can find grey areas where there is lack of accountability and responsibility which makes finding or doing things exhaustive
Advice to Management
Focus on what's important now. Trickle management goals all the way down to all departments in its true form and have the right measures at all level to quantify it; make data or insights speak for itself. Make sure upper management gets a direct and honest feedback from leaf-level employees. Most times not getting any feedback is NOT a good sign. Donot lower the hiring bar, smart and great people are what drives OnDeck.
OnDeck 2018-02-13 13:10 PSTHelpful (8)
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"More Layoffs Arlington Office"
StarStarStarStarStar- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
Doesn't RecommendNegative OutlookDisapproves of CEOI worked at OnDeck full-time (More than 5 years)
Pros
Able to express your ideals, coworkers are just as committed as oneself would want. The ability to impact business needs.
Cons
Very top heavy with manager. First rounds of layoffs was last February since then another 2 rounds. Ondeck self proclaims it's an industry leader but really look into that no different then Kabbage or other lenders. It's hard coming to work each knowing you will lose your job in a couple months. If you work in the VA office have caution it's a matter of time before the floor is empty.
Advice to Management
Stop leading on employees you self proclaim the leader in the industry so set the standard of being trueful to employees about where the company is going. Bring in new life at the management level. HR is bloated. Company needs to invest in the fraud department.
OnDeck 2018-03-07 10:59 PSTHelpful (14)
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"More turnover than a Detroit Lions game"
StarStarStarStarStar- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
Doesn't RecommendNeutral OutlookDisapproves of CEOI worked at OnDeck full-time
Pros
Helping small business get loans
Office has snacks and cool desks
Location has a lot of food / bar optionsCons
VP-level management is really, really bad
95% turnover on Product team due to bad leadership
No one really cares anymore, it's clock in, clock out
Great designers leave here or are terminated
Great engineers leave here in droves
Too many junior hires
Marketing team is toxic
Product hasn't changed in 5 yearsOnDeck 2018-03-01 12:10 PSTHelpful (11)
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"Run FAR away from this place!"
StarStarStarStarStar- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
Doesn't RecommendNegative OutlookDisapproves of CEOI worked at OnDeck full-time
Pros
No pros. This place is a parasite. It sucks all of the positive energy out of you. They lie to their employees, and do away with them when they’re done using them.
Cons
Layoff after layoff. More lies. FAVORITISM. You will dread going to work everyday. The culture has changed and it hasn’t been the same since 2015.
Advice to Management
No advice because there’s no saving this place.
OnDeck 2018-02-19 16:27 PST
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