Great tools and smart colleagues, but poor pay progression - Senior Software Engineer Monzo Bank Employee Review

2.0
Jun 14, 2026
Recommend
CEO approval
Business Outlook

Pros

Great developer tooling and lots of smart employees

Cons

Poor compensation and progression, and the transition of CEOs looks like it will make this worse. Beware that it's very likely that you're not going to see any pay increases unless you're in the top percentile in your band, and even then meeting the progression framework is no guarantee. Avoid if you expect career progression.

Explore other reviews about Monzo Bank

5.0
Apr 22, 2026
Recommend
CEO approval
Business Outlook

Pros

Great, fun, dynamic place to work

Cons

No too many negatives to report

avatar
Monzo Bank Response
1mo
Hi 👋 Thanks for taking the time to leave us a review. We really appreciate the honest feedback it’s the only way we get better. We’re always looking for ways to improve the experience for everyone here, so thank you for helping us see where we can do more. If you'd be open to discussing in more detail your feedback please do email hiring@monzo.com Thanks once again!
2.0
Jun 8, 2026
Recommend
CEO approval
Business Outlook

Pros

remote working was a real benefit

Cons

lack of management skill, lack of focus, no support for workforce

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Monzo Bank Response
5d
Hi there, Thanks for taking the time to share your experience. We’re glad to hear that remote working was a real benefit for you, but we’re sorry that you didn’t feel supported or well managed during your time at Monzo. We appreciate you sharing this feedback, especially as someone who experienced Monzo from the inside. If you’d be open to sharing more detail privately, please contact us at hiring@monzo.com and we’ll make sure your feedback reaches the right team. We wish you all the best for what comes next.
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