Voleon Reviews

4.5

88% would recommend to a friend

(133 total reviews)

Michael Kharitonov

90% approve of CEO

89% positive business outlook

Voleon has an employee rating of 4.5 out of 5 stars, based on 133 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Voleon employee rating is 21% above average for employers within the Finance industry (3.7 stars).

Reviews by job title

133 reviews
2.0
27 Mar 2022
Recommend
CEO approval
Business outlook

Pros

- Smart and hardworking colleagues - Fast paced environment - Great technical guidance and statistical wisdom from senior staff - Great applied statistics and ML training - Strong culture of work documentation and iteration

Cons

- Poor and insulting pay relative to broader industry - High turnover on some teams - Brutal, thankless, and uncompensated on call schedule (nights, holidays, weekends) unequally distributed across employees and teams - Extreme micromanagement on some teams - Aggressive and hostile environment on some teams - Long noncompete and no garden leave - Sacrifice new employees to work on teams with a very very long history of abuse, poor performance, high turnover, extreme and absurd levels of micromanagement and extreme burnout. No, these employees are not compensated more, they are compensated less and there is no career growth. Beware. If you join there’s a 25% chance it will happen to you. I’ve seen countless smart people have their early careers wrecked and their lives turn into complete hell.

1.0
6 July 2022
Recommend
CEO approval
Business outlook

Pros

Colleagues are very intelligent. There is no doubt about that, but that is the only pro I can think of.

Cons

1) Leadership and management is bad. They do not value engineering, which translates to compensation that isn't competitive and lack of focus on advancing engineering career. 2) Voleon is a quant shop, but its compensation is no where near the compensation at the top tier quant shops. In fact, the compensation is even below that of Google and Meta, and that's not even accounting for all the monetary benefits (e.g. 401k match, reimbursements for many things like gym memberships, no free food) you get from FAANG. You will hear many stories from colleagues and online reviews that management hooks you in the beginning by exaggerating/lying about how your compensation will grow, but this is ABSOLUTELY NOT TRUE, and there will be endless excuses about how bonuses either cannot be paid or why bonuses are so low. 3) Turnover is very high due to the aforementioned issues 4) They fire people right before annual bonuses. The organization is extremely cheap for a quant shop. I advise caution for anyone considering joining this place. You're better off going into FAANG or another quant shop with the current culture. This is my assessment for the past couple years, which are corroborated by my peers and ex employees, but I hope the company can change for the better, otherwise they will continue to lose many employees and will have a difficult time attracting top talent.

1.0
15 Nov 2021
Recommend
CEO approval
Business outlook

Pros

Honestly hard to find one, avoid avoid avoid. There are a lot of negative reviews posted lately which speaks the truth. Please read through them carefully and don't make the mistake of thinking "it can't be that bad". You have been warned!

Cons

To start out, there are lots of exaggerations and outright lies from recruiters and hiring managers to get you to join, take everything they say with a huge grain of salt. One thing to note is that they will almost surely refuse to answer some of your questions due to confidentiality or the like as a way to dodge it. If you're currently interviewing, watch out for red flags! Career path is extremely limited and zero time is spent on career development or talking about your own goals and how you can succeed within the firm. A lot of micromanagement and middle managers are stuck in old ways with no willingness to change, if you have any ideas that do not align with the status quo you will be very frustrated. If you're joining during WFH, know that the office is in a pretty sketchy area and in pretty bad condition, forget about good office perks despite them trying to sell it as a tech firm. Despite being a specialized finance/tech company, IT is clueless and you're pretty much left to figure things out on your own if it's not basic things like login issues. Despite talk about cooperation and teamwork, teams are very segregated and there is no team culture (this obviously depends on what team you are in), you very rarely interact with anyone else. Tech is very dated, both internally and tools, if there is a free version that "kind of works" then they are using it (ask them what chat app they are using!). This leads to a very frustrating day to day experience as you're constantly fighting with the tech to get things done. Penny pinching management, hard to get approval even for small things, and forget about things like a corporate cell phone (or even a plan!) even when you need it for work. When we return to the office they are apparently not bringing back the free lunch (and paid options in that area is limited). Leadership is AWOL with very little information disseminated during the rare all hands meetings. And why isn't the CEO/founders leading (or even being part of) the all hands?! Benefits are very basic, decent healthcare but no 401k match (recruiters will tell you it's coming any day now, but don't trust them, it's not happening) and not much else. No mental health benefits outside of regular health insurance. No covid-related benefits like online doctor visits or a home office stipend. Hiring protocol is disorganized at best with very little (if any) focus on "soft skills", resulting in some VERY questionable hires. Recruiters are desperate to close the requisition and don't care about any red flags in the candidates. High turnover - for obvious reasons. They are also growing very fast with little regard for how to scale properly which creates a very disorganized and chaotic environment. To summarize, stay away, you truly don't want to work here unless you have literally no other options.

Viewing 1 - 3 of 133 Reviews

Glassdoor has 140 Voleon reviews submitted anonymously by Voleon employees. Read employee reviews and ratings on Glassdoor to decide if Voleon is right for you.