Pros
Brilliant People working on tough problems - Some of the brightest and most incredibly talented minds in credit/finance. The company works in an industry that's highly regulated and competitive, but really have an outstanding talent force behind it that makes it an incredible place to work/learn if you end up in the data and risk organizations. Great Mission - Providing financial and credit options to a part of the population that would otherwise have no options is truly a rewarding mission. Extra Perks - To name a few... - Industry above-average pay - Employee stock purchase program - Instant vesting of 401k - Free $500 bike credit - Free breakfast (yogurt, granola, fruit) - Free happy hours on Fridays (booze, chips, and pretzels) - Subsidized mediocre lunch
Cons
Contentious Industry - Be prepared to enter an industry where you are perceived to be a predatory lender that's often attacked by legislative and economic forums. You will be known as "legal loan sharks." As long as you're comfortable with that title, you're all set! Sinking ship - there's a reason why the stock price for this company opened low, and stayed low.There are many competitors in this arena: including companies like Marcus backed by Goldman Sachs, Avant, etc. who can all eat Elevate's lunch if they decided to open the APR rates they want to underwrite to. It is getting worse -- The attrition rate for a company in this industry (technology/finance) is literally 2x - 3x that of competitors. That should tell you everything you need to know. Additionally, the ratings for the company has been declining over the past year on glassdoor... red flag True colors show in unethical employee treatment practices - The company prides itself on doing the right thing, but being with the company for over 3 years I can say that they don't share the same standard they do with employees that they have for customers. I had people tell me their managers discriminated against them because they didn't speak english well, I've seen employees cry in the restroom because of stress, I've seen people given <24 hours notice before being a lay-off/firing, literally every quarter you wake up after the end and find a bunch of your friends are gone because they were fired. Nobody is safe! Every position from the CCO to frontline paralegal has been fired or conveniently "resigned without saying goodbye"... I would call it a joke if it wasn't so emotionally stressful.