TransferWise Reviews | Glassdoor.co.uk

TransferWise Reviews

Updated 13 July 2018
155 reviews

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4.7
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Kristo Käärman
26 Ratings

155 Employee Reviews

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Pros
  • "You get to work with great people, everybody seems to be very focused on the company's mission and keeping it a great place to work" (in 11 reviews)

  • "Fun work environment and you work with only the best people :)" (in 11 reviews)

Cons
  • "Autonomous teams have led to a fragmented product experience as new offerings have been added" (in 11 reviews)

  • "Salary could be significantly better but you get a better work life balance than almost anywhere else" (in 3 reviews)

More Pros and Cons

  1. Helpful (3)

    "Software Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in London, England
    Former Employee - Software Engineer in London, England
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at TransferWise full-time (More than a year)

    Pros

    - Great place to learn to build a product. Great place to work if you want to open your startup in the future.
    - Very flexible in terms of holidays, working remotely (from home or in trips anywhere around the globe)

    Cons

    - Apart from a few engineers, most are quite poor. Lots and lots of tech debt which is hard to pay up due to lack of concern for quality.
    - Low salary. Pays quite below the market

    Advice to Management

    Management needs to be more present in guiding the direction of teams


  2. "Proud to be part of this revolution"

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

    I have been working at TransferWise full-time

    Pros

    Amazing and super talented colleagues who are willing to go the extra step. A
    great mission and mission oriented work, I am super passionate about the products, which is something super unique. Everyone is encourages to solve a problem that hasn't been solved yet and take the initiative.

    Cons

    The speed is quite high and the business is always changing (which for me is also a pro)

    Advice to Management

    better career plans

  3. "Awesome revolution to be part of"

    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 TransferWise full-time

    Pros

    Talented colleagues
    Great mission
    Challenging stuff to solve
    Product focused design and development

    Cons

    Very fast paced
    Self starters will thrive here


  4. "Great place to unleash potential"

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

    I have been working at TransferWise full-time (Less than a year)

    Pros

    - Fantastic young, flexible culture to really help you develop (especially coming from a large financial organisation where I was previously)
    - Fast-paced, quick moving environment which keeps you on your feet with plenty to do.
    - Lots of opportunity to travel (within reason), which coming from an organisation which used to have travel bans, is so refreshing.
    - Great opportunity make an impact to actual customers. The customer is always the mission - and this focus never changes. You feel like you can actually transform a product to help customers.
    - Really good environment to work in. The office is great, people are super friendly and Friday lunch + drinks in London is great.

    Cons

    - Very young culture (perhaps if you are older - you may struggle to fit in culturally)
    - If you like structure, and process - this place isn't for you
    - No real clarity on career development. Not a deal breaker if you are new, but if you are the type of person who likes to have a long term career plan mapped out, you may struggle.

    Advice to Management

    More clarity needed around career development. Ensure we keep growing fast whilst keeping things fun.


  5. "Excellent product and culture, needs to work salaries and guidance"

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

    I have been working at TransferWise full-time

    Pros

    Excellent product, solving a real problem. Tight focus on delivering positive customer impact, with autonomous teams able to work out what their goals and projects will be. The work/life balance is good, with flexibility to work how you need to.

    Cons

    Autonomous teams have led to a fragmented product experience as new offerings have been added. Management feel uncomfortable about stepping in to forcibly course-correct teams, worrying it will affect the perception of the culture. Salaries and benefits are 20% lower than market (especially for engineers).

    Advice to Management

    Salaries need to be aligned to actual market conditions. Stock options are far less, as the potential multiplier on value over next 4-5 years is far less than it was even two or three years ago.


  6. Helpful (1)

    "Inspiring and rewarding environment"

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

    I have been working at TransferWise full-time

    Pros

    Autonomous management: you decide what levers to move, you set your own KPIs
    Young teams, lots of enthusiasm

    Cons

    Autonomous management: sometimes it's hard to get other teams to cooperate, as they have their own priorities


  7. Helpful (4)

    "Micro-management or no management; never good management."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England
    Former Employee - Anonymous Employee in London, England
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at TransferWise full-time (More than a year)

    Pros

    There are still some smart people there.

    Cons

    Things have changed as the company has scaled. Moves much slower. Competitors have caught up. It's become average in everything.
    But complacency and arrogance rule.
    It's the opposite of its values.

  8. Helpful (5)

    "Marketing Manager"

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

    I have been working at TransferWise full-time (More than 3 years)

    Pros

    - Exciting mission, hard to get from the outside but there are people really committed to make money transfer across countries as easy as possible, instantly and eventually free
    - Work with talented people to solve hard problems. It's fairly hard to keep up with certain levels of growth but if you are up for challenges it's the right place.
    - Progression is not about job titles but impact you have on customers.

    Cons

    - Autonomous teams can be messy but very good fun if is what you looking for. It's not for everyone.

    Advice to Management

    Keep up the transparent culture and feedback without any filters to solve blocker faster as the company scales.


  9. Helpful (5)

    "Excellent product, colleagues and culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Senior Software Engineer in London, England
    Former Employee - Senior Software Engineer in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at TransferWise full-time (More than a year)

    Pros

    Product is really good and with a clear value to customers. People is very honest. Great colleagues. Opportunity to have an impact in whatever you want, it's up to you to decide where your responsibilities end. Most of the projects are challenging and fun. You and your team will prioritise and decide what to do each quarter. Very team oriented, lot of amazing people.

    Cons

    - Salaries for Software Engineers are bellow average for a Fintech; value added by the engineering work deserves a better compensation.
    - Not for you if you just want somebody to tell you what to do/build


  10. Helpful (2)

    "Marketing Manager at TransferWise"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Manager in London, England
    Current Employee - Marketing Manager in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at TransferWise full-time (More than a year)

    Pros

    - As a recent joiner I found the interview process and clear and communicative.
    - So far I've had freedom and responsibility to shape the role how I feel most effective
    - Coming from a corporate background the speed at which you can have direct impact without layers of hierarchy and approvals is great

    Cons

    Coming from a corporate background can be quite a culture shock, not waiting for someone to tell you what to do can be a challenge at first.


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