Pros
-Flexible working location.
-Good progression for sales team, unsure for other departments.
-Good for a first job or foray into finance. Would not recommend for a long term career.
Cons
-Secretive, toxic culture.
-Processes and 'best practices' change on an almost daily basis, no consistency across the company whatsoever.
-Complete lack of communication and understanding between teams.
-Huge staff turnover, had huge number of members of senior team leave in the last year.
-Extremely cliquey.
-Toxic work culture, sales team managers working 12 hour days and Sundays when contracted hours are 9-5:30. Makes you wonder if they are actually capable or not.
-Very poor mid level management, zero management training given so certain team managers (not all) are frankly clueless about how to appropriately lead a team. Not any fault of their own, more a failing of senior management.
-Insane pressure and unrealistic sales targets leads to poor customer service and not acting in the customer's best interest. Many dissatisfied customers and advisors/introducers.
-Swoop sells itself as a tech platform but the underlying business is nothing more than a generic brokerage with a nice looking website that disproportionately gets a huge amount of it's revenue from unsecured loans.
-Significantly less commission on offer for salespeople than other finance brokerages.
-Overworked team managers have little time to deal with the issues of their team.