HR or Marketing?Claim Your Free Employer Account
LendingClub Claimed Company
To create an alternative to banks that offers both borrowers and investors a great rate. read more
LendingClub Company Culture
LendingClub Culture
This score is derived from employee ratings & reviews3.2/5
LendingClub's Overall Culture is rated C
Top Rated Culture Dimensions
Perks & Benefits
B+Compensation
BEnvironment
B-Gender
B-Happiness
B-LendingClub CEO
Bottom 40%Bottom 40% of Similar Size Companies on Comparably
Scott Sanborn
64 /100
See More
Diversity at LendingClub
Bottom 35%Bottom 35% of Similar Size Companies on Comparably
C-
Diverse employees at LendingClub have rated Perks And Benefits, Environment, and Happiness as the highest categories they have scored
Women at LendingClub
Top 40%Top 40% of Similar Size Companies on Comparably
B-
Women at LendingClub have rated Office Culture, Professional Development, and Manager as the highest categories they have scored
LendingClub 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?
-13
LendingClub employees are -13% more likely to recommend LendingClub as a great place to work
| 33% | Promoters |
|---|---|
| 21% | Passives |
| 46% | Detractors |
Working at LendingClub
Working at LendingClub is rated below average by 104 employees, across various culture dimensions. LendingClub employees rate Perks And Benefits highest among all categories, and think that Meetings and Office Culture have the most room for improvement, putting LendingClub’s culture in the Bottom 40% compared to similar sized companies on Comparably and in the Bottom 35% compared to other companies in San Francisco. See below in detail how working at LendingClub was rated by employees.
Overall Company Culture at LendingClub
C
Overall Company Culture at LendingClub is rated C
Last updated months ago
Bottom
40%
LendingClub ranks in the Bottom 40% of other companies on Comparably with 501-1,000 Employees for Overall Company Culture Score
LendingClub Employee Reviews
Out of 62 LendingClub employee reviews, 66% were positive. The remaining 34% were constructive reviews with the goal of helping LendingClub improve their work culture.
| Positive Reviews | 66% |
|---|---|
| Constructive Feedback | 34% |
Positive Reviews From LendingClub Employees
- What is most positive about the culture and environment at your company?my direct lead and the snacks
- What is most positive about the culture and environment at your company?Work and life balance, some nice colleagues
- What are some of the best things about your team?they are such hard working good people, wish their work was recognized by higher ups
Constructive Feedback From LendingClub Employees
- Why do you feel undervalued and what would make you feel better about your compensation?Industry standard is high and no inflation adjustnent
- Why do you feel undervalued and what would make you feel better about your compensation?Underpaid in the bay area
- What would you improve about your company's interview process?Be transparent, find people who is qualified rather who the leadership know
LendingClub Company Information
LendingClub Company Overview
To create an alternative to banks that offers both borrowers and investors a great rate.
LendingClub was founded in 2007 and its current CEO is Scott Sanborn. Since its inception 19 years ago, LendingClub has grown to 1000 employees.
LendingClub Mission, Vision & Values
LendingClub Mission Statement
To transform the banking system to make credit more affordable and investing more rewarding.
LendingClub Vision Statement
Our leaders share a vision of expanding financial opportunities for all Americans through responsible innovation.
LendingClub Values
- Do What's Right
- Know Your Stuff
- Evolve With Purpose
- Be Confident With Humility
- Make Impossible Happen
- Act Like An Owner
Sustainability and Corporate Social Responsibility at LendingClub
We are proud to have a culture that promotes sustainability and giving back to the community. We offer 8 hours of paid time off and a $200 match to charitable contributions so you can give more to the organizations and causes you care about most.
Our plan for the new Lehi site includes a commitment to Utah—adding up to 860 jobs, $22 million in new state revenue, and an estimated $17.85 million in capital investment over the next 10 years.
| Headquarter | 595 Market Street, Suite 200 San Francisco, CA 94105 United States of America |
|---|---|
| Website | lendingclub.com |
| Founding Date | 2007 |
| Tel | (888) 376-6642 |
| Company Status | Public |
| Stock | LC |
| Jobs | www.lendingclub.com/public/careers.action |
| Social Sites |
LendingClub Competitors
LendingClub competitors include OnDeck, Avant, Funding Circle, and SoFi. LendingClub ranks 5th in Overall Culture Score on Comparably vs its competitors. See below how LendingClub compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
Culture Video
LendingClub Employees
LendingClub has 1000 employees. 104 employees at LendingClub have reviewed LendingClub 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 104 LendingClub employees give their leadership a grade of C-, or Bottom 30% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at LendingClub are generally satisfied with their total compensation at LendingClub, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at LendingClub are generally satisfied with their team. 104 Participants grade the quality of their coworkers a C. Less than half believe the meetings at LendingClub are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at LendingClub believe the environment at LendingClub is positive. Most Participants believe the pace of work at LendingClub is comfortably fast. About 59% of the employees at LendingClub work 8 hours or less, while 3% of them have an extremely long day - longer than twelve hours.
Overall, the employees at LendingClub are generally 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
LendingClub employees generally work 9.0 hrs a day
Work Hours
A Day in the Life
Employees at LendingClub report the work pace is comfortably fast
Work Pace
A Day in the Life
On a typical day, employees at LendingClub have 2 meetings
Meetings
A Day in the Life
82% of LendingClub employees look forward to interacting with their team every day
Coworkers
A Day in the Life
LendingClub employees most often take unlimited paid vacation and sick days each year
Perks & Benefits
A Day in the Life
60% of LendingClub employees report they are happy with their work life balance
Work Life Balance
A Day in the Life
LendingClub employees typically get valuable feedback on how to improve at work Every Week
Feedback
A Day in the Life
78% of LendingClub employees call their work environment positive
Environment
Joining LendingClub - Employee Onboarding
The prevailing opinion from employees about joining LendingClub is that the company was very prepared on their first day. LendingClub employees concluded that their overall onboarding experience was positive. 100% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
LendingClub KPIs and OKRs
Employees’ understanding of LendingClub's KPIs and OKRs is essential for its success. Out of 9 LendingClub employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 4 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
LendingClub CEO & Leadership
LendingClub CEO - Scott Sanborn
64 /100
LendingClub’s CEO Scott Sanborn started in this role in 2016. Scott’s approval rate is lower compared to CEOs at similar sized companies, putting Scott in the Bottom 40% of all CEOs of similar-sized companies on Comparably, and in the Bottom 30% compared to CEOs of all other companies in San Francisco. Scott Sanborn’s employees rank LendingClub in the Top 20% for Perks And Benefits, in the Top 30% for Compensation, and in the Top 40% for Environment. Sanborn is generally unpopular with LendingClub employees, but ranks especially low with employees in the Product department, and by employees identified with Other ethnicities and employees with the company for 2 to 5 Years. However, Female employees have a slightly more favorable view of the CEO.
LendingClub Leadership
The LendingClub Executive Team is rated a “C-” and led by CEO Scott Sanborn, Chief Financial Officer Thomas Casey CPA, and Chief Operating Officer Sameer Gulati
Scott Sanborn CEO / President
Scott Sanborn serves as the CEO / President of LendingClub.
Thomas Casey CPA Chief Financial Officer
Mr. Thomas W. Casey, also known as Tom, CPA, has been Chief Financial Officer of LendingClub Corporation since September... read more
Sameer Gulati Chief Operating Officer
Mr. Sameer Gulati has been Chief Operations Officer of at LendingClub Corporation since February 14, 2017. Mr. Gulati is... read more
Valerie Kay Head of Institutional Investors and Senior Vice President
Ms. Valerie Kay has been Senior Vice President and Head of Institutional Investors at LendingClub Corporation since... read more
Patrick J. Dunne Chief Capital Officer
Mr. Patrick J. Dunne has been Chief Capital Officer at LendingClub Corporation since July 18, 2016. Mr. Dunne is... read more
Raman Suri Head of Retail Investors & Senior VP
Mr. Raman Suri is the President at LendingClub Asset Management, LLC. Mr. Suri also serves as a Senior Vice President... read more
Steve Allocca President
Mr. Steve Allocca has been President at LendingClub Corporation since May 22, 2017. Mr. Allocca serves as Chief... read more
Jonathan Lee Vice President, Business Operations
Jonathan Lee serves as the Vice President, Business Operations of Lending Club. Jonathan started at Lending Club in... read more
Emma Reilly VP, Head of Technology Strategy and Execution
Emma Reilly serves as the VP, Head of Technology Strategy and Execution of Lending Club. Emma started at Lending Club in... read more
LendingClub Salaries
How much does LendingClub pay?
How much do people at LendingClub get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at LendingClub is $119,177, or $57 per hour, while the estimated median salary is $119,009, or $57 per hour.
At LendingClub, the highest paid job is a General Counsel at $243,684 annually and the lowest is an Admin Assistant at $45,885 annually. Average LendingClub salaries by department include: IT at $110,977, Customer Support at $75,082, Admin at $60,675, and Sales at $164,134. Half of LendingClub salaries are above $119,009.
47 employees at LendingClub rank their Compensation in the Top 30% of similar sized companies in the US (based on 157 ratings) while 43 employees at LendingClub rank their Perks And Benefits in the Top 20% of similar sized companies in the US (based on 54 ratings).
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $69k | $69k | 1st Percentile |
17th Percentile $93k | $93k | 17th Percentile |
33rd Percentile $116k | $116k | 33rd Percentile |
50th Percentile $177k | $177k | 50th Percentile |
67th Percentile $226k | $226k | 67th Percentile |
83rd Percentile $286k | $286k | 83rd Percentile |
100th Percentile $294k | $294k | 100th Percentile |
$119,177*
Average Compensation
$119,009*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
LendingClub Salaries by Department
Diversity & Inclusion at LendingClub
Diverse employees at LendingClub score the company 65/100 across various culture categories, placing LendingClub in the Bottom 35% of companies on Comparably with 501-1,000 Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at LendingClub across various culture dimensions.
We at LendingClub are a team of smart, dedicated people from a diverse set of backgrounds and experiences, including race, ethnicity, culture, gender identity, and much more. We work hard to maintain a culture where everyone is accepted and different perspectives are heard.
Ranked Culture the Highest
Ranked Culture the Lowest
LendingClub Perks & Benefits
Health & Wellness
- Dental Insurance
- Vision Insurance
- Health Insurance
- Life Insurance
Paid Time Off
- PTO / Vacation Policy
- Paid Holidays
- Maternity / Paternity Leave
Financial Benefits
- 401K / Retirement Plan
- Employee Stock Purchase Plan
LendingClub PTO
LendingClub's PTO and Vacation policy typically gives unlimited days off a year. Paid Time Off is LendingClub's 2nd most important benefit besides Healthcare when ranked by employees, with 30% of employees saying it is the most important benefit. LendingClub's benefits and PTO Package averages to represent a $2500+ 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?
LendingClub Careers
LendingClub Jobs
No Recent Jobs found for LendingClub on Comparably
Mark that you are interested and we will alert you when there are new positions available listed on Comparably
H1B Visa
In 2019, LendingClub applied for 198 H1B visas. Of the work permits applied for, 67% were approved, 31% certified-withdrawn, 1% withdrawn, and 2% denied.
An in-depth look at ‘Certified-withdrawn’ H1B applications at LendingClub unveil that 2 approved work permit applications were withdrawn before the employee’s start date, and 61 were withdrawn by LendingClub after the employee’s start date.
Work Permit Application Outcome
LendingClub has a total of 1000 employees
198
Total Applied
H1B Applications Outcome
- 67% Granted (132 out of 198)
- 2% Denied (3 out of 198)
- 1% Withdrawn Application was withdrawn by the employer before approval/rejection (2 out of 198)
- 31% Certified-Withdrawn Application was approved but later withdrawn by employer (61 out of 198)
This data was calculated using publicly sourced data from OFLC Performance Data
Let LendingClub Know You Want To Work There
Overview of Candidates Interested in LendingClub on Comparably
Candidates By Department
All Industries | 36% | |
|---|---|---|
Engineering | 16% | |
Marketing | 13% | |
Product | 9% | |
IT | 4% | |
Other | 23% |
Candidates By Location
San Francisco | 54% | |
|---|---|---|
New York City | 5% | |
Los Angeles | 3% | |
Chicago | 3% | |
Boston | 2% | |
Other | 33% |
Frequently Asked Questions regarding LendingClub
What is LendingClub address?
LendingClub location is at 595 Market Street, Suite 200
Who is the CEO of LendingClub?
LendingClub CEO is Scott Sanborn, their score by employees is 64
What is LendingClub eNPS?
The eNPS for LendingClub is -13
What is LendingClub revenue?
LendingClub revenue is $575M
What is the salary for Sales Manager in LendingClub?
Sales Manager average salary in the US is 115k
×