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Betterment Claimed Company
Betterment is the smarter automated investing service, helping people to better manage, protect, and grow their wealth through leading technology.
The service offers a globally diversified portfolio of ETFs, designed to help provide you with the best possible expected returns for retirement planning, building wealth, and other savings goals. read more
Betterment Company Culture
Betterment Culture
This score is derived from employee ratings & reviews3.4/5
Betterment's Overall Culture is rated C+
Top Rated Culture Dimensions
CEO Rating
B+Perks & Benefits
B-Outlook
B-Compensation
C+Executive Team
C+Betterment CEO
Top 20%Top 20% of Similar Size Companies on Comparably
Jonathan Stein
78 /100
See More
Diversity at Betterment
Bottom 25%Bottom 25% of Similar Size Companies on Comparably
D+
Diverse employees at Betterment have rated CEO Rating, Executive Team, and Happiness as the highest categories they have scored
Women at Betterment
Bottom 40%Bottom 40% of Similar Size Companies on Comparably
C
Women at Betterment have rated Perks And Benefits, CEO Rating, and Leadership as the highest categories they have scored
Betterment eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Top 50%Top 50% of Similar Size Companies on Comparably
Recommend to a Friend?
26
Betterment employees are 26% more likely to recommend Betterment as a great place to work
| 53% | Promoters |
|---|---|
| 20% | Passives |
| 27% | Detractors |
Working at Betterment
Working at Betterment is rated average by 36 employees, across various culture dimensions. Betterment employees are most satisfied about CEO Rating, Perks And Benefits, and Outlook categories, putting Betterment’s culture in the Top 50% compared to similar sized companies on Comparably and in the Top 35% compared to other companies in New York. See below in detail how working at Betterment was rated by employees.
Overall Company Culture at Betterment
C+
Overall Company Culture at Betterment is rated C+
Last updated months ago
Top
50%
Betterment ranks in the Top 50% of other companies on Comparably with 51-200 Employees for Overall Company Culture Score
Betterment Employee Reviews
Out of 23 Betterment employee reviews, 77% were positive. The remaining 23% were constructive reviews with the goal of helping Betterment improve their work culture.
| Positive Reviews | 77% |
|---|---|
| Constructive Feedback | 23% |
Positive Reviews From Betterment Employees
- What makes you most happy at work?Work life balance and growth opportunities
- What makes you most happy at work?Easy answer. The coworkers make the job (though the general office space, endless snacks, and team bonding activities are also guaranteed to produce joy).
- What is the best part about your compensation package?Salary and fairly generous equity
Constructive Feedback From Betterment Employees
- Why do you feel undervalued and what would make you feel better about your compensation?Not being paid market rate for cash compensation
- What does the leadership team need to get better at?Taking ownership for bad decisions.
- What needs to change to make the company culture better?We're trying to do too much at once.
Betterment Company Information
Betterment Company Overview
Betterment was founded in 2008 and its current CEO is Jonathan Stein. Since its inception 18 years ago, Betterment has grown to 200 employees.
Betterment Mission, Vision & Values
Betterment Mission & Values
Betterment is the smarter automated investing service, helping people to better manage, protect, and grow their wealth through leading technology. The service offers a globally diversified portfolio of ETFs, designed to help provide you with the best possible expected returns for retirement planning, building wealth, and other savings goals.
| Headquarter | 61 West 23rd Street New York City, NY 10010 United States of America |
|---|---|
| Website | www.betterment.com/ |
| Founding Date | 2008 |
| Tel | 888-428-9482 |
| Company Status | Private |
| Jobs | www.betterment.com/careers/ |
| Social Sites |
Betterment Competitors
Betterment competitors include Personal Capital, Robinhood, and Financial Engines. Betterment ranks 3rd in Overall Culture Score on Comparably vs its competitors. See below how Betterment compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
Culture Video
Betterment Employees
Betterment has 200 employees. 36 employees at Betterment have reviewed Betterment across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was months ago.
Overall, the 36 Betterment employees give their leadership a grade of C, or Bottom 45% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at Betterment are generally satisfied with their total compensation at Betterment, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at Betterment are pleased with their team. 36 Participants grade the quality of their coworkers a C. The majority believe the meetings at Betterment are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at Betterment believe the environment at Betterment is positive. Most Participants believe the pace of work at Betterment is comfortably fast. About 42% of the employees at Betterment work 8 hours or less, while 8% of them have an extremely long day - longer than twelve hours.
Overall, the employees at Betterment are happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
A Day in the Life
A Day in the Life
Betterment employees generally work 9.5 hrs a day
Work Hours
A Day in the Life
Employees at Betterment report the work pace is comfortably fast
Work Pace
A Day in the Life
81% of Betterment employees look forward to interacting with their team every day
Coworkers
A Day in the Life
Betterment employees typically get valuable feedback on how to improve at work Once a month
Feedback
A Day in the Life
80% of Betterment employees call their work environment positive
Environment
Joining Betterment - Employee Onboarding
The prevailing opinion from employees about joining Betterment is that the company was very unprepared on their first day. Betterment employees concluded that their overall onboarding experience was negative. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
Betterment KPIs and OKRs
At Betterment 50% of employees think their department KPIs and OKRs are clear. Employees’ understanding of Betterment's KPIs and OKRs is essential for its success. Out of 5 Betterment employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 2 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
Betterment CEO & Leadership
78 /100
Betterment CEO Awards and Recognitions
Jonathan’s approval rate is in the Top 20% of all CEOs of similar-sized companies on Comparably, and in the Top 15% compared to the CEOs of all other companies in New York. With a high CEO score, Jonathan Stein has won the Top 30% Rated CEO in 2016. Betterment’s CEO is highly regarded especially by Female employees, employees with 3 to 6 Years experience, and employees with 1 to 3 Years experience. However, employees with the company for 2 to 5 Years, Caucasian employees, and Male employees have a less favorable view of the CEO and believe there is room for improvement. Compared to Betterment’s competitors, Jonathan Stein ranks right above Financial Engines CEO Lawrence Raffone. Under Stein’s leadership, Betterment employee respondents are most happy about their Perks And Benefits and the company’s Outlook. Office Culture and Diversity are two areas, according to respondents, where Betterment could stand to see real improvement.
Betterment Leadership
The Betterment Executive Team is rated a “C+” and led by CEO Jonathan Stein, Head of B2B Marketing Jorge Alvarez, and VP of Finance Peter Lorimer
Jonathan Stein CEO / President
Jonathan Stein serves as the CEO / President of Betterment.
Jorge Alvarez Head of B2B Marketing
Jorge Alvarez serves as the Head of B2B Marketing of Betterment.
Peter Lorimer VP of Finance
Peter Lorimer serves as the VP of Finance of Betterment.
Mike Reust CTO
Mike Reust serves as the CTO of Betterment. Mike started at Betterment in March of 2018. Mike currently resides in... read more
Dustin Lucien COO
Dustin Lucien serves as the COO of Betterment. Dustin started at Betterment in May of 2016. Dustin currently resides in... read more
Lucy Babbage VP of People
Lucy Babbage serves as the VP of People of Betterment. Lucy started at Betterment in October of 2016. Lucy currently... read more
Joe Ziemer Vice President of Communications
Joe Ziemer serves as the Vice President of Communications of Betterment. Joe started at Betterment in September of 2016.... read more
Benjamin Alden SVP & General Counsel, GM of Betterment for Business
Benjamin Alden serves as the SVP & General Counsel, GM of Betterment for Business of Betterment. Benjamin currently... read more
John Mileham VP Architecture
John Mileham serves as the VP Architecture of Betterment. John currently resides in the Greater New York City Area.
Betterment Salaries
How much does Betterment pay?
How much do people at Betterment get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Betterment is $86,329, or $41 per hour, while the estimated median salary is $128,049, or $61 per hour.
At Betterment, the highest paid job is a Sales Manager at $128,049 annually and the lowest is a Receptionist at $34,779 annually. Average Betterment salaries by department include: Sales at $115,349, Business Development at $113,873, Marketing at $83,307, and HR at $101,698. Half of Betterment salaries are above $128,049.
29 employees at Betterment rank their Compensation in the Top 50% of similar sized companies in the US (based on 93 ratings) while 27 employees at Betterment rank their Perks And Benefits in the Top 40% of similar sized companies in the US (based on 30 ratings).
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $55k | $55k | 1st Percentile |
20th Percentile $85k | $85k | 20th Percentile |
40th Percentile $114k | $114k | 40th Percentile |
60th Percentile $191k | $191k | 60th Percentile |
80th Percentile $205k | $205k | 80th Percentile |
100th Percentile $322k | $322k | 100th Percentile |
$86,329*
Average Compensation
$128,049*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
Betterment Salaries by Department
Diversity & Inclusion at Betterment
Diverse employees at Betterment score the company 70/100 across various culture categories, placing Betterment in the Bottom 25% of companies on Comparably with 51-200 Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at Betterment across various culture dimensions.
Ranked Culture the Highest
Ranked Culture the Lowest
Betterment PTO
Betterment's PTO and Vacation policy typically gives unlimited days off a year. Paid Time Off is Betterment's most important benefit besides Healthcare when ranked by employees, with 67% of employees saying it is the most important benefit. Betterment's benefits and PTO Package averages to represent a $1000 -$1500 cash value per month.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
Betterment Careers
Betterment Jobs
No Recent Jobs found for Betterment on Comparably
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H1B Visa
In 2019, Betterment applied for 6 H1B visas. Of the work permits applied for, 100% were approved.
Work Permit Application Outcome
Betterment has a total of 200 employees
6
Total Applied
H1B Applications Outcome
- 100% Granted (6 out of 6)
- 0% Denied ( out of 6)
- 0% Withdrawn Application was withdrawn by the employer before approval/rejection ( out of 6)
- 0% Certified-Withdrawn Application was approved but later withdrawn by employer ( out of 6)
This data was calculated using publicly sourced data from OFLC Performance Data
Let Betterment Know You Want To Work There
Overview of Candidates Interested in Betterment on Comparably
Candidates By Department
All Industries | 35% | |
|---|---|---|
Engineering | 14% | |
Product | 14% | |
Marketing | 10% | |
Business Development | 6% | |
Other | 20% |
Candidates By Location
New York City | 67% | |
|---|---|---|
Austin | 4% | |
Milwaukee | 2% | |
Seattle | 2% | |
Nashville | 2% | |
Other | 22% |
Frequently Asked Questions regarding Betterment
What is Betterment address?
Betterment location is at 61 West 23rd Street
Who is the CEO of Betterment?
Betterment CEO is Jonathan Stein, their score by employees is 78
What is Betterment eNPS?
The eNPS for Betterment is 26
What is the salary for Accountant in Betterment?
Accountant average salary in the US is 67k
What are the salaries in the Business Development in Betterment?
The average salaries for Business Development in Betterment is 114k
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