MoneyMe Reviews

4.1

73% would recommend to a friend

(39 total reviews)

73% positive business outlook

MoneyMe has an employee rating of 4.1 out of 5 stars, based on 39 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The MoneyMe employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

39 reviews
1.0
22 Dec 2023
Recommend
CEO approval
Business outlook

Pros

- There are genuinely some great people within the organisation, who are great to work with and know their stuff. - Office location is great, stocked up nicely with food and drinks with music playing. - There is short term and long term incentives in bonuses and shares - They used to have some cool events/parties.

Cons

- There is a big toxic culture, where the "inner circle" set had a very Clique like behaviour who let the CEO and rest of the exec team get away with ridiculous policies and expectations which they are exempt from. - Even though there are short term and long term incentives, you are well underpaid to what the market is paying, and given the poor performance lately, its barely of any value anymore. However there is a big pay divide between the executive team and the rest of the company. - They often "rebrand" people's departures from the company to cover up people leaving due to the issues with the company. - All the events and social events are only every in your own personal time, after you've worked a full day (or at times over the weeknd) and you're guilted if you don't go (god forbid you have a personal life or family commitment). - There's an toxic expectation to work late on a regular basis with no compensation and time in lieu offered (CEO has straight up said this to the company) - There are standing company calls on Friday afternoon at 4:30 to give company updates, but are really just to make sure staff are online til 5:30 on a Friday. Often the calls are intentionally dragged on to hit the time. - A lot of the exec and senior team have only ever worked at moneyme so they often excuse the toxic behaviour and say it's "normal". Which is a shame, cause a lot of them are really bright. - Whilst they say they offer flexibility in "work for home" but it's really only because they can't fit their full staff in the office all week. There's no real flexibility of working from home if there's something that's come up in your life and they hold it over you like you owe them for it. - Company products that were once great have become so poor and often decisions are made that are detrimental to customers. - So many long term staff are starting to leave or are considering leaving due to all the ridiculous procedures and requirements.

3.0
21 Jul 2022

Average at best

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Good perks. Office ping pong table, after work drinks, kitchen always stocked with snacks etc. The parties are also incredible, it has to be said. - Culture. The vibe is pretty relaxed, with music playing in the office. The office is very nice too. There's a chill vibe to it all, with people joking around like mates.

Cons

- Significantly below average pay for anyone but high level management. Seriously the pay is frankly a bit insulting. Check any salary guide and you'll see this. It was doubly insulting to regularly hear at company meetings that "ASX:MME is doing well and the company is seeing record growth" etc etc when I hadn't even heard a word about a pay increase for almost 18 months. - Straight up expectation of working massive amounts of overtime with zero compensation for it. I was regularly working a bear minimum of 9hr days, with people in my team and the manager working even more. There needs to be adequate compensation for this!?! When I questioned this with my manager and noted that my contract says 7.6hrs per day, I was told straight up that I'm expected to work more than that with no words minced. - Culture. Did I say culture is a pro? Well, it is if you enjoy finance bro culture. While the vibe is chill, you'll find that there are often offensive jokes thrown around the office that are just brushed off as "it's just a joke bro". If you can tolerate that, go ahead.

2.0
28 Jun 2021

Poor pay and no work life balance

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Somewhat flexible with work arrangements. Nice office location.

Cons

-Expected to work long hours without proper overtime remuneration and lack of recognition for work. -there is no work life balance as the work culture revolves around always working half an hour to an hour more every day. - very high and unreasonable expectations especially when understaffed so there is a set expectation to ALWAYS stay back. - bonuses paid are miniscule

Viewing 1 - 3 of 39 Reviews

Glassdoor has 41 MoneyMe reviews submitted anonymously by MoneyMe employees. Read employee reviews and ratings on Glassdoor to decide if MoneyMe is right for you.