Fidelity Investments Reviews

Updated 28 August 2014
Updated 28 August 2014
1,782 Reviews

3.6
1,782 Reviews
Rating Trends

Recommend to a friend
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Fidelity Investments Chairman and CEO Edward C. “Ned” Johnson, III
Edward C. “Ned” Johnson, III
751 Ratings

Review Highlights

Pros
  • GOOD work-life balance: very rarely expected to work overtime (in 149 reviews)

  • Being a privately held company has great benefits as well (in 185 reviews)


Cons
  • Work-life balance can be tough given OT expectations 55-65 hours per week (in 42 reviews)

  • Lot of high level (senior management) politics played in a dirty manner (in 68 reviews)

More Highlights

Employee Reviews

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  1.  

    System Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Systems Analyst
    Former Employee - Systems Analyst

    I worked at Fidelity Investments full-time for less than a year

    Pros

    Good working environment,work life balance, healthy and safe environment

    Cons

    Need to be more transparent on job roles.

    Advice to ManagementAdvice

    Need to be more transparent on job roles.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

    For the Cincinnati area, it's not a bad place to be

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

    I have been working at Fidelity Investments full-time for more than 10 years

    Pros

    The people you work with are great. All focused on the customer.
    Nice regional campus.
    You can build career there without moving.
    Invests in the people and technology.
    Decent benefits.
    Supportive of development of the people.

    Cons

    Hit or miss with SVPs. Some are great (visionary, smart, approachable, open, advocates, fair). Others will do what they can to take care of themselves at the cost of others. The HR rules to not apply to that level and there are known issues that are kind of ignored. They are hired for driving to metrics and not the ability to manage, lead or inspire. Just do your homework to determine if the leadership of the function will align to what is important to you.

    Also understand the bonus opportunity and how it is structured. Your bonus percent is always immediately reduced by the funding level (fund at 85% for example) and then you get a percentage of your bonus eligible amount depending on performance. .85 (funded level) X .85 (decent bonus based on performance) X.40 (eligible amount) = 28.9% is really what your 40% "bonus opportunity" turns out to be. And that is for a solid performer. Just be fully informed as you negotiate your salary. 80/20 rule applies here -Only 20% get the top bonus which means you actually get the "opportunity" tied to your grade level. Don't get me wrong here - is 28% a nice bonus? Yes. Is it far away from 40%? Yes. What is supposed to be motivating you to perform well just becomes exhausting.

    Advice to ManagementAdvice

    Hold senior management to the same level of accountability. If they are not capable of managing people (which is not easy and not for everyone) then don't put them in positions where they are leading large groups.

    We understand compa ratio and the market rate concept, but for a company like Fidelity where you are constantly overworked, and when the cost of living continues to increase, just be aware of how this looks. Especially when the SVPs seem to be able to afford multiple houses yet everyone below that just levels out if they have been a strong performer over time. Who are the ones really making the place run?

    Neutral Outlook
    Approves of CEO
  3. 3 people found this helpful  

    High Net Worth Representative I

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - High Net Worth Representative I  in  Westlake, TX (US)
    Current Employee - High Net Worth Representative I in Westlake, TX (US)

    I have been working at Fidelity Investments full-time for more than a year

    Pros

    Lots of options as far as career paths are concerned. Wonderful training program, so it is a great place to begin your career in the financial services industry. Fair pay. Very very good retirement benefits.

    Cons

    The measures of performance make it easy for management to micro-manage, and be overly critical of what would normally be considered very hard working employees. Unfortunately, although there are a great deal of career paths, these same measures of performance are used to evaluate employees, and can sometimes lead to wonderful employees being overlooked for advancement.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Principal Systems Engineer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fidelity Investments full-time for more than 10 years

    Pros

    Benefits, and people are the main drivers when considering advantages of working there. Benefits are above average. Very flexible work hours.

    Cons

    Promotions are very political. Selection is by quota per organization and based on how well your manager and his manager can advocate for you. It's important that your management is highly regarded among their peers.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Best company I've worked for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Executive
    Current Employee - Account Executive

    I have been working at Fidelity Investments full-time for more than 3 years

    Pros

    Nice to finally work for an investment company that is private. Clients first, not shareholders. Thank you Johnson family!

    Cons

    Work life balance is not competitive with other like-compensated options. My SF Bay Comp is mirrored to those in lower cost-of-living parts of the country.

    Advice to ManagementAdvice

    As the 401k leader, we should have a yearly matching True-Up.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Simply the best

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate
    Current Employee - Associate

    I have been working at Fidelity Investments

    Pros

    Employee power. Good facilities. Great atmosphere. Friendly people to work with.free cab and shift allowance.

    Cons

    Rotational shifts so be ready to work anytime.

    Advice to ManagementAdvice

    More fun activities should be there.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    A great organizational with a lot of great managers.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate Manager  in  Bangalore (India)
    Current Employee - Associate Manager in Bangalore (India)

    I have been working at Fidelity Investments full-time for more than 5 years

    Pros

    Competitiveness, best practices, learnings, good salary and good managers

    Cons

    In depth case study by leadership should be done for cases dropping ranks from 1 to 5.

    Advice to ManagementAdvice

    None really

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Privately held firm with strong reputation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Compliance Advisor  in  Dallas, TX (US)
    Current Employee - Senior Compliance Advisor in Dallas, TX (US)

    I have been working at Fidelity Investments full-time for more than 8 years

    Pros

    Family owned business that places customers first. Encourages a values and ethics based corporate culture

    Cons

    The big size of the firm causes silos in certain departments / businvess units, resulting in poor management styles and non-meritocratic environment. Career advancement becomes difficult as one progresses up the ladder.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fidelity Investments

    Pros

    Great company to work for and advance in the future. Good benefits as well.

    Cons

    Could be too bureaucratic as it is a big company

    Recommends
    Neutral Outlook
  11.  

    business management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst Consultant  in  London, England (UK)
    Current Employee - Business Analyst Consultant in London, England (UK)

    I have been working at Fidelity Investments as an intern for less than a year

    Pros

    The work is quite easy. not a lot to do,

    Cons

    I pretty much do nothing but get paid for it.

    Advice to ManagementAdvice

    speed things up and work out the efficincies

    Recommends
    Positive Outlook
    Approves of CEO

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