Developer (Current Employee) – San Diego, CA – March 1, 2018
I love the work that I do at the bank. It's constantly changing with new things being added. I don't get bored and they like to give us the opportunity to learn new skills. My managers have been great and are there to help you succeed. However, upper management has lots of protocols that I don't agree with, and it makes my daily just much more taxing than it needs to be. They are obsessed with productivity, to the point where I was time tracking four different ways, ironically inhibiting my productivity. There has been some change in upper management, and it has gotten better, but it's still not great. They do not have any things to celebrate the employees except for the holiday party. We are not allowed to do any team building, or celebrate birthdays on the company dime. Therefore, many teams don't do anything for birthdays or to build relationships with each other. Also, there is an extremely high turnover rate. This makes it difficult to work as a team when your team members are constantly changing.
Bank (Current Employee) – San Diego, CA – March 6, 2018
Journals, spreadsheets, graphs and charts, this is how BofI management sees their employees. It is a strange atmosphere, they "put on" a family attitude, yet there is no interest in your personal life. Upper management has political far right leanings that they like to make clear to all.
Specialty Finance - Personal Banker (Former Employee) – San Diego, CA – January 14, 2018
This was my first time in the financial industry. I learned a tremendous amount the variety cash-flow markets. Great experience overall. I only left due to a change in direction from original role which made compensation not as equitable for employee's.
Fostered a very associate focused environment, and employee continuity.
Very little advancement within our respective department.
Fast Paced, Innovative Environment--But Not For Everyone
VP (Current Employee) – San Diego, CA – October 17, 2017
BofI is great for self-starters who can independently identify opportunities to improve or fix things, or create new business, and--unlike most financial companies (or companies in general) will be given the opportunity to go after them. If you like to sit around and wait for people to tell you to do things, you probably won't be that happy at BofI. There are some people like that but it's not the culture and it's definitely not how you'll get ahead. Time served means nothing; value added means everything.
Performance-based bonuses and stock grants for everyone
Financial Systems Analyst (Former Employee) – La Jolla, CA – October 9, 2017
This company was really stifling. They expect way too much out of their employees without giving much in return. The first thing I noticed on my first day is how eerily quiet it was. Everyone was busy working. This in itself isn't a bad thing. But if you tried to socialize for more than a brief "how do you do", you could feel the stressed out eyes glaring at you to be silent. Being surrounded by this for 10 hours a day 5 days a week and you quickly feel beat down, exhausted and downright miserable. No matter how hard you worked, it was never good enough. Life is way to short to be shoved into a cubicle for that long without any kind of reprieve or even a simple encouragement or pat on the back.
I also had the fortune in my brief position there of seeing what everyone in the company made and was shocked at the poor pay across the board. Money doesn't drive the world, but the company lacked any kind of strong team that made you feel like you were part of anything, except just trying to get by. And the excessively high turnover rate is very telling that I'm not the only one that feels this way.
I'm the type of person that stays with a company for a very long time, sticking by through massive ebbs and flows, but I got out of this one as quickly as I could. If I may be honest, I wouldn't recommend working here to my worst enemy.
Made me realize that life is way too short to work this hard
Junior Portfolio Analyst (Current Employee) – San Diego, CA – August 19, 2017
Good benefits, but low pay. It was a good opportunity, learned a lot while I was there, but the pay is not sustainable long-term. Lots of gaps in management and you have young/new people managing more senior people which doesn't make sense.
Operations Specialist (Former Employee) – La Jolla, CA – July 17, 2017
Great people, new company that doesn't have everything in order to run as a successful business. No policies or procedures so there was a lot of risk for errors and usually no accountability. Two years since I left so everything could be getting better but if the same management is in place I seriously doubt it.
Utility Clerk/Assistant Manager (Former Employee) – San Diego, CA – June 28, 2017
Upper Management does not follow up with requests. There is NO HR department, just the assistant to the CEO whom is never there either. Would not recommend anyone to work there. They treat their staff horrible and there is a lot of turn around.
Accounts Payable (Former Employee) – San Diego, CA – May 23, 2017
Everyone I met there was very nice and professional. BofI is an incredibly fast growing company and because of that the work load that is expected of you can burn you out. It is a fantastic job as long as you come prepared for what's expected of you.
NA (Former Employee) – San Diego, CA – April 28, 2017
Worst place I ever worked at. Required overtime (10 hours minimum is standard). No direction or communication. Any updates to procedure are communicated to you as an error you made because of an update you weren't told about. Like other reviewers, don't work here unless you have to. Start looking for another job from day 1 if you do. You'll be under the constant threat of being fired. ZERO work/life balance recognition.
50% match up to 8% 401k Vested after 5 years 0% until year 2, No benefits to healthcare until 3000 out of pocket
Quality Control Analyst (Former Employee) – La Jolla, CA – February 13, 2017
You'll notice a lot of available jobs at BOFI and think "it's a growing company", but a lot of those jobs are due to employee turnover because the company is so poorly run. Executive level staff, even within the same department, can often be at odds with one another. The is no interdepartmental communication and often there would be multiple analysts working on the same thing without realizing that they could be sharing responsibilities and accomplishing so much more. There's also NO training at all. Literally nothing. I had to teach myself how to access the databases I was hired to analyze. I had to use Youtube tutorials to figure out the bank software because there was no training on it. My first week was spent sitting at my desk trying to come up with things to do because my direct boss (who quit a month into my tenure there and was not replaced so I was left without any direct supervision for the remainder of my time with BOFI) was always too busy to direct me. Once that boss left, I was shifted to a C-Level supervisor who knew very little about her own department and the level of incompetence I had uncovered in her department through my QC work.
Nice office location, a lot of cool employees, okay pay
Terrible management, no training, mediocre benefits, insanely high turnover
Loan Officer (Current Employee) – La Jolla, CA – February 2, 2017
I enjoyed this place when I started but the loan program sucks now. No one listens to suggestions for improvement. They are trying to grow the business but without putting processes into place that would solidify smooth transactions. No one cares about the borrower. The ops dept screws you over left and right and you're left to clean up the mess on a loan you have ZERO say in. It really does feel like we bait and switch these people. You escalate files and all anyone does is play the blame game and then throw it right back at you. Your loans don't fund...no other dept cares bc at least they have their hourly pay, while we have minimum wage pay and rely on our commissions to get by. NO ONE HERE CARES ABOUT YOU OR HELPING YOU SUCCEED. Work here if you feel like being upset and stressed all day long.
Loans falling apart 60 days in, not getting paid enough, dealing with excess work that isn't in your job description, picking up the slack to try and get paid.
Operations Support Specialist (Current Employee) – La Jolla, CA – January 4, 2017
The people at BOFI are great but this is a new struggle bank with minimal training. This bank is unlike others in that it pulls people from all walks of life most with little to no banking experience to do the job they were hired for.