Do Not Fall for the "Meritocracy" Hype - Recensione dipendente - Dipendente anonimo presso Axos Bank

1,0
25 nov 2020
Dipendente anonimo
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Coworkers generally pleasant to work with. Office location is nice. 3 weeks per year of vacation begins accruing immediately.

Svantaggi

COVID-19 response is completely irresponsible. All employees forced to work in office despite being completely capable of working from home. "Spyware" installed on all computers that take screenshots and monitor keyboard and mouse movement. This was so unpopular that there was actually a Bloomberg article written about it, using Axos as the primary example of a company that implemented it. When working from home, required to do a daily planner to "prove" you were being productive. When promoted, raises promised only after one year in new position. For everyone I know that was promoted, including myself, the raise did not come after a year despite very positive performance review. This was true for at least 8 other people I know that worked there (out of an office of approximately 40 people). Bonuses are split 50% pay and company stock. Stock doesn't vest until after 3 years. This is EACH TIME a bonus is given, not 3 years of service. Unless you plan to work here for a long time (and most people leave before their 3rd year) this stock is almost worthless unless you have a very high salary. Also, it's very likely your bonus will be the same percentage across an entire team despite the high performers propping up the low performers. This shows that bonuses are not actually based on merit. Pay is lower than industry average regardless of the position held.

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Risposta di Axos Bank
5y
Axos recognizes that our team members are our greatest asset and we appreciate your bringing these concerns to our attention. We cannot comment specifically on the promotion issue you raised except to say that in our meritocratic culture team members are rewarded based on their achievements. We’re fully transparent about bonuses: they’re paid twice a year, typically in a 50/50 split between cash and stock. The stock vests over three years: a third after the first year, a third after the second, and the final third after the last year. Bonus decisions are made by managers in consultation with executive leadership, and the kind of blanket bonus award you described runs counter to our meritocratic culture. Finally, we agree 100 percent with your assessment that a manager’s #1 job is to give team members the tools they need to succeed. At Axos, we strongly believe that our team members are better positioned to succeed by working in the office instead of working remotely. Accordingly, we’ve taken numerous precautions to ensure that in-office work happens safely.

Esplora altre recensioni su Axos Bank

5,0
14 giu 2026
Dipendente anonimo
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

• Realistic goals • Cutting-edge technology that speeds up the work • Solid career progression opportunities • Smart colleagues • Great compensation and generous benefits

Svantaggi

No. At this point, I couldn’t ask for anything more.

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Risposta di Axos Bank
1w
Thank you for the great feedback and we’re glad to hear the goals, technology, and team are making a positive impact on your experience. It’s great to know you’re seeing growth opportunities and value in our compensation and benefits. We appreciate you being part of Axos!
1,0
22 mag 2026
Dipendente anonimo
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Only pro here is that certain roles will let you operate above your title, e.g. exposure to sides of the job reserved for senior roles at other firms. 15 days PTO to start is actually not terrible either. Great coworkers depending on your team.

Svantaggi

Too many to list here, but will try. Main issue here is the top-down culture of fear and internal politics, as the entire bank is at the whim of one person. Managers are exclusively concerned with looking good in front of the CEO, and even top SVPs are terrified to be honest with him. SVPs routinely complain about not being able to get comp raises for employees, while simultaneously being terrified to ask. Do not expect your manager to go to bat for you if it in any way involves being assertive. If you want to work for a borderline alt-right CEO who belittles employees openly, this is your spot. The only people that thrive here are those who have never worked elsewhere and do not know what a real company looks like. Looking forward to the HR denial response here too. Some other cons: - Zero WFH allowed - Below market compensation across all roles - Stock bonus vesting schedule that take 4 years to fully vest

5
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Risposta di Axos Bank
3w
Axos is a performance-driven environment with a clear expectation of accountability, transparency, and results at every level. Leaders are expected to advocate for those who are performing on their teams, have direct conversations, and drive outcomes. Many employees thrive in this environment because it provides meaningful responsibility, exposure to leadership, and the opportunity to contribute beyond a narrowly defined role. Compensation and rewards are managed through structured processes aligned to market data, business performance, and individual contribution. Equity programs are designed to promote long-term alignment and retention, which is standard practice across the industry. Our onsite model is intentional and supports collaboration, speed of decision-making, and execution, key differentiators for our business. While that model may not be the right fit for everyone, it is clearly communicated and consistently applied. We continue to focus on attracting and retaining high-performing talent who are motivated by impact, ownership, and the opportunity to build in a fast-paced environment.
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