|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Mar 16th, 2024 12:00AM
|
Open
|
Open
|
M1
|
|
|
|
Run From This Place
|
|
Early days provided a great opportunity to learn and grow.
|
-CEO has a god complex and micromanages the company to its detriment
-No strategy or vision for the future
-Toxic former VP of Operations runs the product team and has tried to push multiple members off of her newly inherited team
-No growth opportunities whatsoever
-No future for the company
-List goes on
|
-1.0
|
NEGATIVE
|
-1.0
|
NEGATIVE
|
-1.0
|
DISAPPROVE
|
2.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1027358
|
Open
|
Just close shop already
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
0.0
|
Open
|
|
|
Mar 20th, 2024 04:11AM
|
Mar 20th, 2024 04:11AM
|
M1 Finance
|
|
|
|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Feb 29th, 2024 12:00AM
|
Open
|
Open
|
M1
|
Senior Software Engineer
|
|
|
Toxic leadership - avoid!
|
|
- Fellow engineers, designers, and (most) immediate managers are great people
|
Senior leadership is extremely toxic and dishonest
- There are lots of opportunities to give feedback, but such feedback will be immediately discarded in favor of short-term profit decisions.
- Many people were hired as remote-only, but this was backtracked because the CEO changed his mind on a whim. CEO does not care about forcing employees to be exposed to Covid.
- CEO openly praised greed as a virtue during a recent company-wide meeting, bragged about profits and runway, then a week later laid off ~38 people, including high-performing engineers.
- Senior management keeps trying "fun" exercises like summer camp-themed team bandana colors, but it just ends up feeling like a poorly masked way to micromanage and hyper-optimize teams. (The modern version of a pizza party party, without the pizza.)
|
-1.0
|
NEGATIVE
|
-1.0
|
NEGATIVE
|
-1.0
|
DISAPPROVE
|
0.0
|
1.0
|
3.0
|
1.0
|
1.0
|
2.0
|
1.0
|
2.0
|
1027358
|
Open
|
Honestly nothing I can say to such privileged finance/tech bros that will change their behavior. They will do the typical "we hear you, we see you" patronizing bs and then immediately continue doing whatever they can to squeeze more profit out of their workers. (All while having a smile on their face, acting like they're your best friend.)
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
2.0
|
Open
|
|
|
Mar 3rd, 2024 06:47AM
|
Mar 3rd, 2024 06:47AM
|
M1 Finance
|
|
|
|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Feb 28th, 2024 12:00AM
|
Open
|
Open
|
M1
|
Software Engineer
|
|
|
There are some great people here.
|
|
There are some great people that work for this company, which is pretty similar to almost any company that exists. It's a nice generic way of saying "this company has issues".
|
The company is focused on making the rich even richer.
The end result is a mediocre investment platform that hasn't seen major updates 2018. You have a crypto platform that was abandoned as soon as the crypto market collapsed (which was predictable, how leadership didn't have the conviction to see this through is just another sign of their incompetence). There was a checking account but that has since been closed in favor of a savings account that we cannot support because leadership failed to do their appropriate due diligence. We also have a personal loans product that is used by 3 people. Oh, and we have a credit card which has a similar customer base to our personal loans.
As you can see M1 lacks an actual vision. After working with the CEO for years it has become clear he doesn't know what he is doing and Softbank has already written off their investment. If you are looking to join M1 you should expect your stock options to be worthless. While the company is still saying it's worth over a billion dollars that was back in 2021 prior to the market corrections and it has since become worth only a fraction of that.
If you are still interested in joining, as long as you are a white male you should have an alright time here. If you are any other gender or race I would strongly advise against it. There are senior leaders that are responsible for running entire business lines that are capable of committing sexual harassment and being xenophobic in the same sentence. As you might expect this same person is also a prime example of "what not to do at holiday parties" and from their actions at this year's holiday party it is clear that they will never be fired or even reprimanded. I think we still preach about DEI on our careers page, please don't be fooled, DEI doesn't exist here.
The compensation is mediocre, there aren't any bonuses and the stock options will continue to be worthless. Health premiums continue to rise as employees are blamed for making too many claims. You do get unlimited vacation time but good luck using that as we continue to support 12 different products with half of the employees we had 2 years ago. How we haven't had a major security incident is a miracle.
I suppose one positive as a job seeker when it comes to M1 is that we continue to layoff employees. So even if you want to work here, you can't, which is probably for the best.
|
-1.0
|
NEGATIVE
|
-1.0
|
NEGATIVE
|
-1.0
|
DISAPPROVE
|
0.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1027358
|
Open
|
Management doesn't listen so responding to this question would be a pointless exercise.
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
6.0
|
Open
|
|
|
Mar 3rd, 2024 06:47AM
|
Mar 3rd, 2024 06:47AM
|
M1 Finance
|
|
|
|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Dec 26th, 2023 12:00AM
|
Open
|
Open
|
M1
|
|
|
|
Don't be fooled
|
|
Work/ Life balance is pretty good and there are a fair number of low-level employees who are awesome personally and professionally.
|
- Misalignment of Values and Lack of Transparency: Senior leadership lacks transparency, leading to inconsistent and unexplained shifts in priorities.
- Mission Shift, Employee Demographics, and Pay Challenges: M1's mission has transitioned to a "rich get richer" scheme for the ultra-wealthy, causing difficulties for employees outside the target demographic to buy-in due to low pay and sub-par benefits.
- DEI Discrepancies and Workplace Inequality: M1's claims of supporting Diversity, Equity, and Inclusion (DEI) don't align with actions. Limited efforts beyond sponsored Happy Hours, with observed instances of racism and sexism in the workplace.
- Limited Career Growth and Unfulfilled Promises: Career development is limited, with promotions favoring those willing to kiss up to senior management. Layoffs and restructuring contradict CEO promises and forcing employees into tasks and career paths unrelated to their skills and interests.
- Manipulative HR Practices and Inauthentic Reviews: HR actively solicits positive reviews, compromising authenticity. Scheduled meetings coerce employees to write positive reviews, contributing to misleading representations.
- Ineffective C-Level Leadership and Lack of Direction: C-level leadership's unclear direction and communication result in a product lacking a cohesive vision. Employees suffer due to leadership's apparent lack of understanding and competence.
|
-1.0
|
NEGATIVE
|
-1.0
|
NEGATIVE
|
-1.0
|
DISAPPROVE
|
0.0
|
1.0
|
4.0
|
1.0
|
1.0
|
2.0
|
2.0
|
2.0
|
1027358
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
2.0
|
Open
|
|
|
Dec 29th, 2023 04:54PM
|
Dec 29th, 2023 04:54PM
|
M1 Finance
|
|
|
|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Nov 14th, 2023 12:00AM
|
Open
|
Open
|
M1
|
|
Chicago, IL
|
|
Wonderful fintech
|
|
Great location downtown with hybrid work style. Very involved leadership team.
|
Limited room for growth in some roles
|
|
|
|
|
|
|
0.0
|
5.0
|
4.0
|
4.0
|
3.0
|
4.0
|
5.0
|
4.0
|
1027358
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
0.0
|
Open
|
|
|
Nov 30th, 2023 07:29PM
|
Nov 30th, 2023 07:29PM
|
M1 Finance
|
|
|
|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Oct 4th, 2023 12:00AM
|
Open
|
Open
|
M1
|
Technical Business Analyst
|
|
|
Millenial booth
|
|
Flexible working hours Amazing employee support
|
A lot of young people with ego that prevents them of doing their jobs Lots of result-oriented people are leaving due to this reason
|
1.0
|
POSITIVE
|
|
|
|
|
0.0
|
3.0
|
5.0
|
5.0
|
4.0
|
4.0
|
5.0
|
3.0
|
1027358
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
2.0
|
Open
|
|
|
Oct 5th, 2023 04:27PM
|
Oct 5th, 2023 04:27PM
|
M1 Finance
|
|
|
|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Oct 2nd, 2023 12:00AM
|
Open
|
Open
|
M1
|
|
|
|
Good people - interesting work
|
|
- A lot of challenging work still to be done / problems to solve - Great work culture - Autonomy and ability to make an impact
|
- Product lacking clear direction and leadership at times
|
|
|
|
|
|
|
0.0
|
4.0
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
1027358
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
0.0
|
Open
|
|
|
Oct 2nd, 2023 01:55PM
|
Oct 2nd, 2023 01:55PM
|
M1 Finance
|
|
|
|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Aug 12th, 2023 12:00AM
|
Open
|
Open
|
M1
|
Associate
|
|
|
Look elsewhere
|
|
Not many besides decent benefits and swag
|
Associate department is completely unorganized
|
-1.0
|
NEGATIVE
|
0.0
|
NEUTRAL
|
|
|
0.0
|
3.0
|
2.0
|
3.0
|
3.0
|
3.0
|
3.0
|
4.0
|
1027358
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
0.0
|
Open
|
|
|
Aug 14th, 2023 10:16AM
|
Aug 14th, 2023 10:16AM
|
M1 Finance
|
|
|
|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Jul 13th, 2023 12:00AM
|
Open
|
Open
|
M1
|
|
Chicago, IL
|
|
M1 Review
|
|
- Abundance of opportunities to learn - Great people to work with - Flexible working environment - Great benefits - Equity in the company
|
- Chaotic at times due to fast moving environment - High, but fair expectations to perform
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
4.0
|
5.0
|
5.0
|
5.0
|
4.0
|
4.0
|
5.0
|
1027358
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
4.0
|
Open
|
|
|
Jul 13th, 2023 05:59PM
|
Jul 13th, 2023 05:59PM
|
M1 Finance
|
|
|
|
private:m1finance
|
https://www.glassdoor.com?employer_id=1027358
|
Jul 7th, 2023 12:00AM
|
Open
|
Open
|
M1
|
Sr Data Analyst
|
|
|
Love working at M1
|
|
-Co-workers are very intelligent and data-driven -Clear communication from leadership -Remote work, flexible hours, unlimited PTO -Strong development opportunities
|
-M1 moves very quickly to release new products, which can cause stress to hit deadlines
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
5.0
|
5.0
|
5.0
|
5.0
|
5.0
|
5.0
|
5.0
|
1027358
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
2.0
|
Open
|
|
|
Jul 8th, 2023 09:54AM
|
Jul 8th, 2023 09:54AM
|
M1 Finance
|
|
|