Prosper.com Reviews | Glassdoor.co.uk

Prosper.com Reviews

Updated 26 Apr 2019

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Found 177 reviews

3.5
StarStarStarStarStar
Rating TrendsRating Trends
60%
Recommend to a Friend
85%
Approve of CEO
Prosper.com CEO  David Kimball
David Kimball
42 Ratings
Pros
  • "Great people, culture, and benefits(in 13 reviews)

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

Cons
  • "First thing the CPO says after the layoffs is that now it's much easier to fit in meeting rooms(in 11 reviews)

  • "Consistent lack of success outside of personal loans(in 7 reviews)

More Pros and Cons
  1. Helpful (9)

    "The Very Definition of Love/Hate"

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

    I have been working at Prosper.com full-time for more than 3 years

    Pros

    * Some teams do very interesting work. If you get on the right projects and have the right project partners, there are significant opportunities for growth. All new staff should seek to understand all internal teams and do their best to work on projects they find rewarding; Prosper will go to great lengths as an organization to align an employee's interests with company objectives. * Many genuinely good people. You will...

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    Cons

    It's hard to know where to begin: * The industry is absolutely brutal. It is extremely competitive and there is very little product differentiation. If the industry as a whole is doing well, a medium-sized player like Prosper will struggle for market share. If the industry or the market is not doing well (and we know those times will come), you can forget about it. There is massive downside risk with little upside -...

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    Advice to Management

    The current management team is more cohesive and less dysfunctional than leadership teams of the past (although this is a low bar). A recent review was right on the money: keeping bad employees around will inspire the good ones to leave. A fundamental issue with this company is that the execs hold a large portion of the option pool and therefore have financial motivations that are misaligned with that of (even longtime)...

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    Prosper.com2019-04-26
  2. Helpful (5)

    "Great Company, Unfortunate Struggles"

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

    I worked at Prosper.com full-time for more than 3 years

    Pros

    Great people, culture, and benefits. Prosper is what you make of it; there's a ton of opportunity for those willing to put in the work. Also, great work/life balance.

    Cons

    Turnover has been a killer. Lots of one-offs, undocumented processes, and a ton of technical debt as a result. Every year performance reviews seem to push people out.

    Advice to Management

    Retaining bad employees inspires the good ones to leave.

    Prosper.com2019-03-25
  3. Helpful (6)

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

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    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 for 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...

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    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.

    Prosper.com2019-03-22
  4. "Good for your first job"

    StarStarStarStarStar
      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.

      Prosper.com2019-03-13
    • Helpful (4)

      "Great place to work"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      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.

      Prosper.com2019-01-31
    • Helpful (3)

      "Exciting 2019 Ahead"

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

      I have been working at Prosper.com full-time for 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...

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      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! :)

      Prosper.com2019-01-28
    • Helpful (3)

      "Awesome Company to Work at!"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      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

      Prosper.com2019-01-09
    • Helpful (3)

      "Complete package"

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

      I have been working at Prosper.com full-time for 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!

      Prosper.com2019-01-02
    • Helpful (2)

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

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

      I have been working at Prosper.com full-time for 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.

      Prosper.com2018-12-31
    • Helpful (1)

      "Loan Verification"

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

      I have been working at Prosper.com full-time for 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

      Prosper.com2018-11-27
    Found 177 reviews