Great place to learn and grow, several things to be improved - Anonymous employee N26 Employee Review

4.0
Sep 9, 2020
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- strong focus on performance: from what I've seen, promotions were strongly related to performance within the respective job. Other factors (e.g. politics, business need, relationship to superior etc.) can't fully be excluded in promotion decisions but seem to be less relevant than in other companies I've worked for - lots of responsibility early on: since N26 is still a relatively "small" tech company (at least when compared to the big American tech firms) the contribution of individual employees weighs more and directly affect the success of the business. - steep learning curve: there are plenty of options to find a niche to specialize in. Due to the volatile environment and often changing priorities, I always feel challenged to adapt to the new "normal" and constantly need to acquaint myself with new topics. - Employee stock option program: starting at a certain level, employees receive virtual options that will be cashed in when N26 goes public. This is particularly relevant to employees who believe in the future success of the company. - great coworkers: Overall, I've met smart and very pleasant coworkers, the majority of whom are driven and deliver good work - perks: the obvious fruit baskets, free drinks, candy, monthly meals, subsidies for sports and public transport, personal development budget (for job-related online classes, languages courses etc.) and more - career boost: without doubt, N26 is a boost for the CV. Looking at the alumni list, it's impressive to see where employees move on to after a couple years at N26. Including several ex-N26er starting their own businesses.

Cons

- base salary/compensation: overall, acceptable (due to nice perks) but not above average. It is fine for the the Berlin market as cost of living is relatively low,. However, with increasing rent levels, adjusting salary might become necessary in the medium run. Bigger tech firms pay better but offer fewer growth opportunities/responsibility. N26 is not the best place to work for people who look to maximize short term financial gains. - not fully established internal processes: following the hyper growth phase in 2019, there are several places with lacking structures internally, leading to unclear communication paths and responsibilities. Even though this seems to be getting better over time, there is still plenty of work to be done - work-life balance: Many employees do not work typical 9-5 jobs and overtime is not being compensated financially. Even though it is rather typical for start ups/scale ups of this size in Berlin, this is not ideal. Remote options that were implemented recently due to Covid-19 helped in that regard

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N26 Response
5y
Hey! Thanks for leaving us such a detailed review here. We really appreciate your input. Our leadership team has taken the feedback onboard that we can do more to communicate with the full team on business strategy and vision, and we’re currently working on building up our Founder Office team to support this work. It’s really cool for us to hear about the opportunities you’ve had to step up and grow alongside the business, and we hope you’ll continue to have a big impact with us.

Explore other reviews about N26

5.0
Jun 13, 2023
Recommend
CEO approval
Business outlook

Pros

Great product and design and team is worldclass

Cons

more focus on understanding customer needs

5.0
May 21, 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Small team in NYC working on bringing N26 to the US. Flat team structure (no bureaucracy or painful hierarchies). Open lines of communication and instant feedback loops. Everyone is extremely smart and driven towards a common goal, and we also enjoy each other's company both in and out of the office. There's also respect for having a life outside of work and a good sense of balance. Huge opportunity to take on as much work as you can handle and drive your own workstreams and outputs. I've found that my scope of responsibilities is quite large, and since joining, I've broadened my skill-set significantly in areas I wanted to expand upon.

Cons

Coordination with Berlin can be difficult at times given time zones and hypergrowth there. Nonetheless, people always are willing to help out and make themselves available when needed. Small team size as of now means fewer hands to help with all that needs to get done. That said - plenty of opportunity for new joiners to take on key tasks and responsibilities as we continue to grow the team

32
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N26 Response
7y
Thanks for sharing your feedback with us and your experience of working at N26.
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