Fitch Solutions Reviews

3.6

55% would recommend to a friend

(176 total reviews)

Rachel Lojko

Not enough data to show CEO approval

48% positive business outlook

Fitch Solutions has an employee rating of 3.6 out of 5 stars, based on 176 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Fitch Solutions employee rating is in line with the average (within 1 standard deviation) for employers within the Management and consulting industry (3.7 stars).

Reviews by job title

176 reviews
2.0
13 June 2019

Sales Director

Recommend
CEO approval
Business outlook

Pros

The pros are that Fitch is an incredibly well recognised company and a number of products are well consumed and will continue to be. At the same time there are some great individuals here who I love working with.

Cons

Unfortunately Fitch Solutions is falling victim to a couple bad actors. 1. Hearst, a very strong global player in Media has 100% ownership of Fitch Group. Fitch Solution Le is a key component to them because it reduces the seasonality of earning and generates significant growth. The growth expectations are high and there is a perceived minimum of 10% per year. However insufficient new products are coming out to fuel that 10%. So there is frequent change, sales territories and product remit rare stays the same y-o-y. So you are constantly battling the change. 2. Frustrations, There is significant frustration as a consequence of these growth expectations. To the point where Hearst is imposing their vision of Sales Strategy and while their vision is highly valued Media sales and Credit/Research/Data sales is quite different. As a consequence you are continuously trying to fake success on the merit of Hearst while doing your actual job. It’s incredibly stress and reduces productiveness. 3. Change becomes change, as a consequence of the constant desire to change/enhance sales the sales team is growing frustrated. Outwardly HR presents a picture of robustness but in reality turnover is high. If you worked in the sales organisation for 2 years, you’re a veteran. Sales managers are different, they tend to stick around also because they have been successful sales directors in the past. All in all it is difficult to see what keeps a Sales Director at Fitch. Growing within the role is hard, the opportunity set to sell the product is reducing and most leave as a consequence.

1.0
1 Feb 2021
Recommend
CEO approval
Business outlook

Pros

Even as a distant third in the rating agency hierarchy, they still have the rating agency business to provide a consistent floor for their business.

Cons

They have built a business model that relies on increasing rates for using the ratings feeds, without driving any additional value for customers. As a Sales Director I was required to "find" ways customers were using the ratings that they weren't licensed for and many times hold their feet to the fire to push through sizable price increases without any justification. The negative relationships and lack of value based selling did not align with me as a person and was not something I wanted to do for long.

2.0
10 Mar 2020
Recommend
CEO approval
Business outlook

Pros

Good Salary, Professional colleagues and managers plenty of vacation time good reputation working for sister company of Fitch Ratings Rewards top performers

Cons

office environment is toxic unreasonable budgeting and cost cutting for work trips too much bureaucracy some managers do not have proper leadership skills

Viewing 1 - 3 of 176 Reviews

Glassdoor has 198 Fitch Solutions reviews submitted anonymously by Fitch Solutions employees. Read employee reviews and ratings on Glassdoor to decide if Fitch Solutions is right for you.