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
1.0
Feb 26, 2021

Je t’aime N26!

Recommend
CEO approval
Business Outlook

Pros

Always wanted to work for a startup bank!! Maybe one day others will believe it too!!! Throughout the last few years I witnessed exponential hypergrowth, in the sense of new blood coming into the meat grinder and old discarded. At a very calculated interval of 6-12 months! What a gamechanger! Such a splendid atmosphere eating sugary snacks to keep running in the treadmill! The very little benefits and below market pay in engineering keep my subordinates very stimulated. The -1 budget for team events is an added bonus! Loved working with burned-out engineers while trying to avoid the political minefields of toxic managers and ‘yes men’ that wait us in every corner. Turned a blind eye to bully engineers turned managers overnight and mastered avoiding sec sociopaths that were given management duties! I had the opportunity to be called into last moment meetings about compliance topics that should have been done yesterday, fudge the way to the next audit to avoid more regulatory fines from Bafin and hear about customer data stolen that nobody knows what they were! The company mission kept me on my feet, year after year! Let’s do 200 things when realistically we can do 50. Who cares as long as we can have cool warehouse parties with the founders! Total lack of focus and working processes made me better at useless ping-pong with others… almost championed the public sector 9-3 style of N26 Bank. Unfortunately other directors that come and quit within the year were not so determined. So weak :( Same goes for all those who disappeared on a friday afternoon. You didn’t see it coming, did you? The epitome of success is measured by how many CTOs we are changing within a year. Ask any engineer! My favourite interim CTO moment was when our saviour got promoted, fired managers that disagreed with the complete lack of plan, toured around offices like a rockstar with his baseball cap and ‘agile consultant’ supporters, got demoted AND quit… ALL in 6 months. What a ride! It got me more acquainted with kitkat! Finally, a big thanks to the HR hard core. Ruthless, trained in hire & fire techniques, they always find time if it’s about whipping. With resourceful denial they have been downplaying the countless something-hit-the-fan moments, giving us lots of self-praising bot-style answers about N26 achievements! The joy!! I love the way they take feedback constantly over the years and making N26 great again!! After all, it's no surprise that N26 is the top startup employer in the world! Constantly hiring and in hypergrowth. For example, since Feb last year we are 300 employees less! If this is not sustainable growth towards 0, what is it?! Apollo 13, is the mission that exactly matches N26. I’m proud to say that with such determined leadership we made it already 5 times there!! Hurrah hurrah!

Cons

Nothing… except those works council persons that dare to gather in bars to resist the masters. Treason! Good thing that the CEO sent the cops in time and showed them who’s the boss! I’m confused about his later tweet tho! Still miss those Amalfi coast CX retreats that we get pampered with. What a celebration of being in love with ourselves! After all we deserve it for doing such a job! I have no doubts about the glorious future! Running out of money or flash sale are the two success scenarios on the table and I can’t wait to give every last drop of engineering essence for our leaders pocket and future keynote story! Je t’aime N26!

1.0
Jul 23, 2019

Upper management is a joke

Recommend
CEO approval
Business Outlook

Pros

- Office dogs - Some teams are good to work with, great people, talented and hard-working. It's not the majority though. - Personal development budget for conferences and books - Perks that every startup in Berlin has, like pizza, fruits and drinks.

Cons

- The upper management (C-Levels mostly, but some managers as well) are extremely incompetent. They have no idea on the direction of the company, what to prioritize and how to tackle the many issues N26 has since the hypergrowth started. - The company is completely driven by politics. There is no way to advance in the company doing a good job, only playing the politics game. - A huge amount of bureaucracy. It feels like 80% of the time is spent writing forms, begging for approvals from people that have no idea what they are going or waiting for some part of the infrastructure to be fixed. - The CEO seems to care more about his hair than about his employees. How is it possible that someone buys a private AC for his office and doesn't even provide fans to the employees? Would someone that cares about his employees migrate all the tech department to an office that looks like a construction site while himself only moves when everything is almost done 5 months later? - There is a ton of legacy code that is no being tacked because the company is too focused on expanding to new markets. The product is basically frozen in time and hasn't had any new feature in the past year. - I haven't ever seen such a bigger turnover rate in a company. Every week someone is leaving. - While there are some great engineering managers, others are just dead weight to the team. Their only job is to approve vacations and give useless talks about feedback. - There are so many levels of management the company looks like a military organization. Some teams have even more managers than creators.

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N26 Response
6y
Thanks for sharing your feedback with us and your experience of working at N26. We pride ourselves on providing an inclusive and collaborative working environment to help us grow and develop, which means we have highly committed and focussed individuals working at all levels across our teams. Understandably, our journey is one that doesn’t match everyone's personal journey and although we aim for every N26er to be set up for success, there are rare times where this has not been possible. The quarterly engagement survey results are analyzed by the People and Leadership team over the summer new internal communication strategies were introduced including the monthly Founders Q&A and global intranet.
1.0
Jul 19, 2019

Proceed at your own risk

Recommend
CEO approval
Business Outlook

Pros

Nice overall package of benefits that the People team has built over time (public transport subsidy, brown bag lunches, gym, generous development budget, metal card for long-term employees etc). Interesting challenges, if you're given the time and space to focus on them. Dog friendly, with lots of furry friends around for cuddles.

Cons

N26 is now a shadow of its former self. It's culture, which used to be one of its strengths, has become completely toxic. Employee morale is at an all-time low. The ramshackle "headquarters" in Berlin is certainly not the premises that you would expect one of the most valuable fintechs in the world to be situated in. It's difficult to get to by public transport and you'd be lucky to find a working coffee machine on one of the floors. Senior employees are leaving by the droves and there seems to be a resignation announcement/farewell party every other week. However somehow management seems to be turning a blind eye and continuing to proceed as if nothing needs to be addressed. Employees are not fairly compensated (although some departments more so than others) because N26 believes its "brand" on your resume is worth more than fair market pay. And finally, leads seem to be running around like headless chickens from one crisis to another. This results in unclear priorities and very little work getting done. I am not sure why N26 is valued so highly - the investors haven't seemed to have looked under the hood. They would have been frightened if they had.

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N26 Response
6y
Thanks for sharing your feedback with us and your experience of working at N26. It's great to see that you are enjoying the benefits provided by our people team. This year has been a big one for us moving into a new HQ in West Berlin it was a huge project relocating and moving over 600 employees into the workplace. We pride ourselves on providing an inclusive and collaborative working environment to help us grow and develop, which means we have highly committed and focussed individuals working at all levels across our teams. Understandably, our journey is one that doesn’t match everyone's personal journey and although we aim for every N26er to be set up for success, there are rare times where this has not been possible.
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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.