Mission: Financially responsible people are underserved and overpriced by the traditional banking and student loan system. Earnest is democratizing access to capital for millions of people at younger ages and cheaper prices. We are building the modern bank for the next generation.
I have been working at Earnest full-time (More than 3 years)
- New, and necessary, sense of focus since management change
- The company feels like it is on the right track again
- Backing of Navient opens opportunities
- Comp in $ instead of "equity"
- A lot of great people have left
- Still organizational cleanup to do after a rough 2017
- Some integration pains with Navient
Advice to Management
Focus on being transparent and rebuilding trust that was lost in 2017
I applied through a recruiter. The process took 2 weeks. I interviewed at Earnest (San Francisco, CA (US)) in June-2015.
The interview process is different. You meet on site CTO for an informal chat. Then another interview that consists for 2 portions, a technical and a "cultural fit". 2 engineers at each portion. The tech interview is about describing your own project, so not particularly difficult but the personality of one interviewer was quite difficult. I got a sense that sr. engineer interviewers are not particularly high level and thus the interview was needlessly tense, perhaps they feel weird interviewing people who may threaten their position? The second "cultural" portion was ridiculous (with 2 jr engineers), the company is hell bent on "diversity", to the point that it stands out as a suspicious obsession. I did not expect to be asked about how I feel about working side by side with people of this particular interviewers sexual orientation. I think it inappropriate to talk about diversity that much in a company, as I believe people should be hired not based on their race, religion or sexual orientation but on their skill set and ability to do the job. Overall, this company seems to have a lot of GA, or other code boot-camp developers and a heavy hipster" vibe.
In October 2017, Earnest was acquired by Navient. The acquisition allowed Earnest to be backed by a larger company with Navient planning to maintain the brand as a separate unit.
Earnest has opened an office in Salt Lake City