TransferWise FAQ

All answers shown come directly from TransferWise Reviews and are not edited or altered.

31 English questions out of 31

20 September 2019

What kind of career opportunities exist at TransferWise?

Pros

Asking questions, being eager to learn, see, and do, are all rewarded. Team camaraderie is high and company culture is supportive and nurturing. There's no shortage of opportunities to grow professionally, if you're into that sort of thing.

Cons

Despite the global nature of the company, it can sometimes be tough to be heard by the right people to solve problems if you're not able to get in the same room. Most of the time, communication is great, but there are some large issues that could probably be solved a lot more easily if the the mountain was just a bit closer.

Advice to Management

Don't try to rush the end zone. You can't get to the zero-yard-line without getting across the rest of the field first, and there are quite a few missions that can be accomplished before trying to make progress toward 'mission zero'.

There's no shortage of opportunities to grow professionally, if you're into that sort of thing.

20 September 2019

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6 October 2020

Does TransferWise have any sort of mentoring programme?

Pros

Flexibility, WFH, opportunity to grow, good starting package, diversity, good mentoring

Cons

KPI - emphasis on numbers instead of quality

Flexibility, WFH, opportunity to grow, good starting package, diversity, good mentoring

6 October 2020

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18 October 2019

How are promotions handled at TransferWise?

Pros

Flexible work environment Loads of paid time off (5 weeks vacation, 2 weeks sick) Paid sabbatical (after 4 years of service) Paid Parental Leave (after one year of service) 401k Match NSO Stock options Freedom, ability to make an impact, drive change- Friendly environment Opportunities to participate or lead projects to move the business forward - sometimes even world-wide opportunities Diverse culture - speak 5+ foreign languages Working with people from different cultures Competitive benefits package Pet-friendly office Ability for some remote work (after 90 days) Weekly team lunches Monthly team activities / fun events

Cons

Work is very fast paced; and sometimes not for everyone Autonomous work can have it's pro's & con's; One has to be a self-motivated and driven individual to succeed. When considering internal promotions, many roles are based outside of the Americas. When considering salaries, base compensation is a factor, not overall compensation. Ensure we remain competitive in the markets.

Advice to Management

Continue the efforts of improving transparency Over-communicate to Wisers when possible Increased transparency with wages, market analysis, etc. Continue to share knowledge regarding career paths, other potential, etc.

When considering internal promotions, many roles are based outside of the Americas.

18 October 2019

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28 April 2020

How are senior leaders perceived at TransferWise?

Pros

international travel mission driven startup great and smart employees

Cons

Bad management. TransferWise has given all of the top opportunities to the wrong people. Ones who have been with the company since it's early days but really have no idea what they are doing. Leadership and management are threatened by scrappy smart colleagues and will do anything to push them out and have them get fired. I was fired and was one of the top performing individuals in the marketing department. All because my boss didn't like me as a person after being initially obsessed with me in the interview/early months of me being there. Major turnover in the NYC and London offices. Experienced sexual harassment during Summer Days. Reported it and nothing happened or was addressed. Racist CEO and leadership team from Eastern Europe who have never seen black, gay or any diverse people in their life. LOW SALARY. Get with the times - this isn't a nonprofit, so stop acting like it.

Advice to Management

Get rid of all the people in leadership who you consider "loyal" but suck at their jobs. Stop firing good talent. Pay people more, stop being so cheap.

Racist CEO and leadership team from Eastern Europe who have never seen black, gay or any diverse people in their life.

28 April 2020

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20 September 2019

Does there seem to be diversity at TransferWise?

Pros

Flexible hours, great office, team lunch, good benefits, great international colleagues, Summer Days

Cons

Pay is low for the profit margin and industry, not much diversity in terms of POCs, drama levels high due to a few bad apples which is common with start-up. Long hours. I do not feel very included since there are not as many of "me" within the company/office, cultural differences have caused issues for me that could of been avoided if my teammates were more familiar with my culture.

Advice to Management

Nip the drama levels in the bud. It will push great talent to leave the company due to individuals not the actual company. Be more fair with opportunities, dont offer positions to "friends" only. I have see ALOT of people get flown to offices and new jobs based on being friends with Team Leads and Senior Management. Improve the work/life balance.

Pay is low for the profit margin and industry, not much diversity in terms of POCs, drama levels high due to a few bad apples which is common with start-up.

20 September 2019

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31 English questions out of 31