N26 reviews

3.5

56% would recommend to a friend

(702 total reviews)
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Valentin Stalf

28% approve of CEO

39% positive business outlook

N26 has an employee rating of 3.5 out of 5 stars, based on 702 company reviews on Glassdoor which indicates that most employees have a good working experience there. The N26 employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzen industry (3.7 stars).

Reviews by job title

702 reviews
5.0
Oct 27, 2019

Operations

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

a great working environment, learned a lot

Cons

have to be able to handle uncertainty

1.0
Oct 22, 2019
Recommend
CEO approval
Business Outlook

Pros

Typical startup fare - food, dogs, beer. But even these are getting scarcer.

Cons

Literally everything else. Employees aren't heard or respected, to N26 we are all easily replaceable. When asked about salary ranges, which are tied to levels but not shared with anyone, the company response was essentially 'this is what you get, if you don't like it too bad'. Zero transparency - it's almost November and there are no plans in place, or at least no plans communicated, about next year. All decisions are made top down and everyone is expected to just do as they're told. Plus all major decisions are made last minute, with entire teams and departments completely kept out of the loop. Everyone is constantly scrambling to keep up and fighting fires - it's a completely unsustainable way to keep working. Have you been working hard? Think you deserve a promotion? Too bad, your options are to jump through a thousand hoops or be friends with management (it also helps if you're male and Austrian). The promotion cycle is not at all equal across departments with some teams giving out promotions after 4 months and others denying everyone. We're trying to expand worldwide, but we can't even get our current product working properly for our core markets and competitors are very quickly surpassing us. This place will implode well before they reach their entirely unrealistic signup goals.

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N26 Response
6y
Thank you for taking the time to share your experience with us. It’s important for us to understand where our employees have concerns. Our approach to compensation and benefits is driven to provide fair reward for every role. We work closely with a number of salary experts, and also with the local markets we operate in, to ensure we are fully competitive in how we pay our staff. In terms of business priorities, we run a range of targeted sessions to communicate about our plans, approach, and our overall OKR structure. These meetings are set up to give clarity to all of our employees and to allow an open forum for people to provide feedback and ask questions. We also offer a monthly session with both of our founders, where employees are encouraged to ask questions for their most pressing issues. These sessions have been very popular and are designed to provide full transparency within N26. All team members have ownership of their career development at N26, and are in the driver’s seat when it comes to getting the feedback needed to develop in their career. We take a structured approach to promotions & development, which is intended to provide transparency on how decisions are made and a clear path for your growth. If you would like to discuss your concerns further, or provide any input on our current programs, we would love to hear from you. Please reach out to the People team.
1.0
Oct 17, 2019

Worst company I've worked for

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Lots of nice and hard working underpaid exploited colleagues who deserve way better.

Cons

N26 comes with the classic startup speech and "benefits": opportunity for growth, open space, no hierarchy and plenty of snacks and drinks. Understand corrupted processes, nepotism, strongly rooted unspoken hierarchy and political games. Career growth is for the ones who are friends with the "good people", rewards for performance and achievements are widely ignored, and so will you be if you dare reaching out to your manager when company-wide raise round time comes (in September). You'd get 10 appointments for your anmeldung before having a chance to talk about your performance with your manager, simply because processes are a facade to shut employees up when real things only happen behind the curtain. Pace is way too fast and colleagues are exhausted, working way too hard because C-level expects us all to work 200% everyday. As the CEO puts it in a Q&A streamed throughout all offices "it is not a company for lazy people, we [the two founders] work very hard every week to achieve our goals and we think everyone at N26 should work just as hard", shameless when facing employees paid on average 30% below the market (30K for analysts, roughly 38K for some Team Lead positions). Everyone is jumping off the boat, as company is doomed by greedy, unconcerned and disconnected management.

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N26 Response
6y
Hi. Thank you for sharing your feedback. We’re sorry to hear that you are having a bad experience with us and want to take the time to directly respond to your concerns. While our massive growth in 2019 was not without its challenges, it also came with the opportunity to introduce many new programs and processes across the business. Last year we rolled out a bi-annual promotion cycle, which allows our people to take ownership of their development in a structured and transparent way. This approach involves creating a development plan and seeking feedback from your stakeholders. The feedback allows for transparency in how decisions are made, and is intended to help you grow and develop in a way that fits your career path. We work closely with a number of salary experts and also with the market here in Berlin to ensure we are fully competitive in how we pay our staff. Our approach to compensation and benefits is driven to provide fair reward for every role. If you would like to discuss your feedback in more detail, we would love to hear from you. Please reach out to the People Team and we will set up some time for a discussion around this. We also have an external Speak Up hotline in place, for any confidential concerns you wish to raise.
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Glassdoor has 1,003 N26 reviews submitted anonymously by N26 employees. Read employee reviews and ratings on Glassdoor to decide if N26 is right for you.