Upstart Reviews

4.0

62% would recommend to a friend

(385 total reviews)
avatar

Dave Girouard

81% approve of CEO

54% positive business outlook

Upstart has an employee rating of 4.0 out of 5 stars, based on 385 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Upstart 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

385 reviews
1.0
1 Sept 2022
Recommend
CEO approval
Business outlook

Pros

- Upstart has figured out how to recruit bright minds from top companies; colleagues had strong backgrounds. - They give tons of stock with job offers, but the stock is worth pennies based on where it was. My stock lost over 80% of its value while I was employed.

Cons

- I was so excited to join this company; within the first month I realized that I had either made a huge mistake, or that I had been lied to during the interview process about what to expect. I now realize that it was both. - Upstart is the land of finger-pointing and under-the-bus throwing. It comes from the top down and I saw it in many Business Lines; any issues that happen are "blame and deflect". - My boss (a VP) was toxic; I learned quickly that many colleagues had terrible experiences with him and viewed him (as I did) as an erratic and unprepared leader. He constantly changed the direction we were headed as a team and always blamed his boss, a "Founder" for the lack of clarity or changes. There was a total lack of direction, huge mistakes that were always blamed on others, and many occasions where innocent people were thrown under the bus to save his back. Upper management and many other senior leaders were well aware of this behavior. - I was lied to multiple times during my recruitment and hiring process about the scope of my role, the size of my team, and the budget that I would have to work with. When resigning, I had two different people involved in my hiring process confirm to me that I was lied to. I walked in to a MUCH different role than I was promised, and had to completely restructure my expectations and plans. - The company is great at attracting top-talent, however many leaders joining over the past year are realizing what they have signed up for and are leaving as quickly as they start. In my division alone, three different Directors quit within their first year; several others made it clear that they were searching/interviewing/planning to leave. It is chaos. - There is a very strange dynamic that exists here between "The Founders" and the company as a whole. "The Founders" (which they are constantly referred to as) clearly do not want to be challenged, or pushed outside of their predetermined comfort zones. They hold "Town Halls" on Fridays, which are awesome in theory - but as the company has grown, people are starting to ask tough questions about everything from the actual strength of our AI product, to how we are handling a response to social injustice in our communities, and "The Founders" clearly get frustrated and skate past the tough questions then send out passive-aggressive Slack messages to the company telling us that they are going to start limiting the type and scope of questions that can be asked. They spout the same phrases over and over, "please feel free to call my baby ugly" is their favorite, but any time that actual pushback or critical feedback happened - it was rejected or ignored. - Upper management never once tried to meet with me or collect any feedback during my time at the company; when I quit - and explained my reasons why - it was met with... nothing. No one tried to dig in deeper to understand. They don't want to know. - There is a tough chapter ahead for the company and its employees, and they have no real interest in preparing for it.

1.0
28 Mar 2016
Recommend
CEO approval
Business outlook

Pros

--free snacks and drinks --pets allowed --friendly coworkers

Cons

--Management often talks about transparency being a two-way street between themselves and the employees, but that was never the case. Decisions are often made behind the scenes (about everything from new initiatives, new responsibilities, product changes, hiring changes, etc), then communicated last minute to the team without any discussion. The team is then expected to accept all these changes and blindly implement. While this style is not uncommon, Upstart makes it a point to emphasize their "fully transparent" nature, when they really shouldn't. --No upside or job mobility unless you suck up. Management tells you to "take ownership" of everything, but unless you suck up to them, they won't let you work on meaningful or impactful projects. This naturally causes a misalignment of skills to responsibilities, as people who aren't qualified to work on a project will be put on it because of nepotism. If you aren't liked, you won't get any new opportunities. Conclusion: Upstart is a startup smeared by big office politics, big egos and nepotism. Many join the company wanting to make a difference, but critical thinking and the courage to question certain decisions are looked upon as big liabilities. My advice is that if you're motivated and want to succeed/get promoted, you're better off going to another startup or a big company. --no 401k or commuter benefits

2.0
26 Aug 2018

Operations

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Company Culture: - Lower managers and the people here are fun to work with and genuinely good people. - Lots of banter on the office floor which keeps shifts fun. - The environment is relaxed, you can wear casual clothes - Hours and schedule are flexible. Technical Info: Shifts are: 6 - 2:30, 11:30 - 8 for credit analyst. You may have to work a weekend day. - There is a lot of contract workers. As a contractor, you will make $18 - 22 an hour. Once converted you will start at $23. The length of time it takes to get converted and the amount of work it takes to get converted will vary.

Cons

- There is a lot of office politics. Only office favorites get promoted or raises consistently. - Upper management does not take the input and advice from employees seriously if it is outside their own opinion. They will say that Upstart is a meritocracy but this is simply not true. Do not drink the koolaid. - Raises/promotions realistically only happen once a year, and only if you do extremely well on your peer review and enough of upper management likes you. - Your workload will increase beyond the initial job offer but your pay will not. If anything you may get a title change and simply be expected to work more. All in all, this is a great place to start your career but not to stay and work long term. I am, however, grateful for all the life friends I have made. Recently a lot of people have been leaving at a rate of one person per week. Don't stay longer than you have to if you can help it. They have been known to extend job offers for new hires and then take back offers last minute based on the needs of the company. Management has recently been trying to host more events to boost company culture and moral. This was after receiving poor results on an internal happiness survey. It may be too little too late for some.

Viewing 1 - 3 of 385 Reviews

Glassdoor has 421 Upstart reviews submitted anonymously by Upstart employees. Read employee reviews and ratings on Glassdoor to decide if Upstart is right for you.