Prosper.com Reviews | Glassdoor

Prosper.com Reviews

Updated March 21, 2019
175 reviews

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3.5
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Prosper.com Chief Executive Officer David Kimball
David Kimball
39 Ratings

Employee Reviews

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Pros
  • "Company benefits are good as well" (in 9 reviews)

  • "Inspiring leadership, great benefits, solid product and terrific atmosphere" (in 11 reviews)

Cons
  • "Growing pains of managing to budgets, cyclical nature of financial markets can be stressful to newcomers" (in 5 reviews)

  • "We need to continue to clean out tech debt" (in 5 reviews)

More Pros and Cons

  1. Helpful (2)

    "Great place to work"

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

    I worked at Prosper.com full-time

    Pros

    Inspiring leadership, great benefits, solid product and terrific atmosphere

    Cons

    Lots to learn and new products coming out now so busy

    Advice to Management

    Continue to focus on loan performance, quality, new products that fit.....and the fun, collaborative, open culture.


  2. "More politics than a bank, less technology than Windows 95"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Prosper.com full-time (More than a year)

    Pros

    Pay is decent, hours can be flexible, some cool people in the office.

    Cons

    Teams are siloed and will try to reject any sort of change or improvement you suggest. There is so much turnover that few people actually know how the company works. Managers have no idea what they are doing and the only thing they try to do is to avoid getting blamed for things that go wrong everyday. And believe me, things go wrong everyday. The tech stack is a disaster held together by duct tape. If you want to work here, you better like duct taping things over and over day after day. Management's solution is to throw more people and money at problems instead of understanding root cause. Execs have no idea what is going on.

    If you are smart, the mediocrity will suffocate you. You may be entertained by the chaos swirling around you every day for a while, you may even duck and avoid lot of the bullets..... but at the end of the day you will experience a deep and moving existential crisis about what you are doing with your life there.

    Advice to Management

    Trust in people and technology more. Voice concerns to execs. Need to address core culture issues, reward the right people, and stop scapegoating people for failures that are inevitable.

  3. "Good for your first job"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Prosper.com full-time (Less than a year)

    Pros

    Snacks, catering, team outing/building events

    Cons

    limited growth. micro-managing. employees don't seem to stay very long.


  4. Helpful (2)

    "Exciting 2019 Ahead"

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

    I have been working at Prosper.com full-time (More than 3 years)

    Pros

    New product launching in 2019 and overall a great culture. Really like the people I work with and don't feel there is a lot of office politics like other places I have been (but it's all relative). Since the company is still somewhat small, it's easier to be involved in things that make a difference (again...relative). Leadership provides regular updates at town halls and there are several fun company events throughout the year.

    Cons

    Leadership could be better at setting big company goals - occasionally goals are set without a real defined way to achieve and when obstacles arise or changes have to be made, it can be difficult to hit a certain target in a given timeframe (especially when things happen out of your control).

    Advice to Management

    See the Cons. Maybe offer sabbaticals for people that have been at the company for 5 years or more. More swag! :)


  5. Helpful (1)

    "Awesome Company to Work at!"

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

    I worked at Prosper.com part-time (Less than a year)

    Pros

    - Great Work Environment
    - Fast Paced
    - Frequent Townhalls to showcase progress of the company and keep employees updated
    - Company headed towards the right direction with HELOC

    Cons

    I did not find any cons while working here

    Advice to Management

    None


  6. Helpful (1)

    "Complete package"

    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 Prosper.com full-time (More than a year)

    Pros

    You are given the opportunity to do your best work here. The culture is positive, and people are genuinely happy to be here. The team lives the values. Management actively seeks feedback and acts on much of the feedback. We are a scale player in personal loans and are launching new products.

    Cons

    We need to continue to clean out tech debt. The company has been around for over 10 years, and a lot of the original design was less flexible than is required now.

    Advice to Management

    Keep bringing in great talent!


  7. Helpful (2)

    "Great Entry Level Positions to Gain Experience in Tech/Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Operations Specialist in Phoenix, AZ
    Current Employee - Business Operations Specialist in Phoenix, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Prosper.com full-time (More than a year)

    Pros

    -The Team Members and Coworkers are a pleasure to work with.
    -The benefits offered are very competitive; great learning environment.

    Cons

    -Internal processes and procedures constantly being updated can be difficult to traverse for new employees and difficult to maintain for current employees.
    -See the base salary information listed on Glassdoor for comparable titles in the industry.

    Advice to Management

    You guys are doing great, any shortcomings are not the responsibility of management.

  8. Helpful (1)

    "Loan Verification"

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

    I have been working at Prosper.com full-time (More than 3 years)

    Pros

    Benefits, time off, culture, leadership

    Cons

    Sometimes there is a lack of Upward mobility, work can be repetitive, recognition inconsistent


  9. Helpful (2)

    "SRE"

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

    I worked at Prosper.com full-time

    Pros

    * Flexible work-from-home
    * Some projects are interesting to work on
    * Amazing people, genuinely good-hearted and well-intentioned people at all levels
    * Good culture around openness, embracing different cultures and ideas. Prosper does put the people who work there first.
    * Salaries are adequate, not great but not bad.

    Cons

    * Too much of a help-desk mentality from Engineers
    * Silos are prevalent at Prosper. To get work done you must cross many silos, which results in slow down and frustration
    * Culture does not encourage working or helping on projects that are not directly associated with making your manager look good
    * Help Desk Mentality for DevOps
    * If people are first at Prosper, the ability to get work done is last.
    * For a company this size, there are way too many layers of management.

    Advice to Management

    Reduce the amount of managers, take the focus off OKRs, empower employees to get work done by creating teams to get work done instead of forcing work to fit existing teams


  10. Helpful (2)

    "Work review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Verifications Specialist in Phoenix, AZ
    Current Employee - Verifications Specialist in Phoenix, AZ
    Recommends
    Approves of CEO

    I have been working at Prosper.com full-time (More than a year)

    Pros

    Flexible work schedule, some education classes offered, stress free work environment

    Cons

    More opportunity for additional bonuses