Fidelity Investments

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Fidelity Investments Reviews

Updated August 17, 2014
Updated August 17, 2014
1,769 Reviews

3.7
1,769 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fidelity Investments Chairman and CEO Edward C. “Ned” Johnson, III
Edward C. “Ned” Johnson, III
743 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

1,024 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President Operations  in  Boston, MA
    Current Employee - Vice President Operations in Boston, MA

    Pros

    Great colleagues and work and environment.

    Cons

    I can't think of any cons at all. It is a great place to work.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Approves of CEO
  2.  

    Fidelity Investments is a really great place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Visual Design Developer  in  Boston, MA
    Current Employee - Visual Design Developer in Boston, MA

    Pros

    The people are very nice and supportive, especially my manager. I had a recent death in my family, and everyone was beyond supportive, which meant a lot. You may expect an investment company to be stuffy and old school, but Fidelity is quite the opposite! The perks and benefits are great, as well as the pay.

    Cons

    Coming from a creative background (art and theater), being in a very corporate environment can be sometimes challenging for a right brained person.

    Advice to ManagementAdvice

    Though this is an old respected company with a sound reputation, make sure to also occasionally make room for new modern ideas.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    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

    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
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  5.  

    Excellent personal and professional growth opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Jacksonville, FL
    Current Employee - Anonymous Employee in Jacksonville, FL

    Pros

    I have a great manager. I feel like his primary goal is the professional development of my teammates and me. If you take initiative to stand out, you can be successful.

    Cons

    You have to track your success to advance. There are many tools available to do this, but you aren't required to use those tools.

    Recommends
    Positive Outlook
    No opinion of CEO
  6.  

    Work Place Guidance Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Workplace Guidance Consultant  in  Durham, NC
    Current Employee - Workplace Guidance Consultant in Durham, NC

    Pros

    Is a great company to work for will help you get your security license and teach you good sales skills. Opportunity to move up if you are willing to look for it and flexible to move. Also the benefits are excellent,

    Cons

    The salary is less than you might find in similar positions and apart of the variable compensation is up to the managers. You also have to wait five years to be vested in the 401k.

    Advice to ManagementAdvice

    keep up the good work.

  7.  

    Positive, fun and challenging

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

    Pros

    I would say that the best part of working at Fidelity are the benefits and the culture. The benefits are unmatched for New Hampshire (I would imagine the same for Florida, Kentucky, Ohio, Colorado and Utah but I'm not 100% certain). The culture is awesome. Lots of positive people and I've definitely gotten my share of great managers that like to promote within. I believe that management culture does trickle down and inspire new and up-and-coming managers. Being positive at this company will certainly get your far. I tend to be a naturally positive person who is extremely driven. That speaks volumes.

    Cons

    It's stressful at times. The pay could be a little better, but it's not horrible by any means. I still feel like upper management is slightly disconnected to what we have to do vs. industry standards vs. their expectations. Lastly, we have an internal feedback board we can utilize to provide customer as well as coworker feedback, however the time frames from when the research of a project starts to when it completes can be well over 1 year. For a multi-billion dollar company, I'm not sure if that is truly acceptable.

    Advice to ManagementAdvice

    Thanks for starting initiatives to really attempt to connect to what we do on a day-to-day basis, however, please continue to understand what we do here. In addition, please ensure that the manager who run our day-to-day operations are not overly stressing their directors and middle management employees. We are your resources to complete key initiatives that this good company has set forth, and while numbers are key factors and indicators as to the completion of these initiatives, keep in mind that the people of the company are your greatest resource and happy employees will drive those initiatives faster than the numbers.

    Recommends
    Approves of CEO
  8.  

    Stable and good work-life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Principal Software Engineer  in  Merrimack, NH
    Current Employee - Principal Software Engineer in Merrimack, NH

    Pros

    Stable.
    Good Work-Life Balance
    world-class 401k and profit sharing program

    Cons

    Lack of clear vision
    Too Conservative
    Raise does not relate enough to performance

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    I've had an amazing career here for the past 15 years!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Merrimack, NH
    Current Employee - Anonymous Employee in Merrimack, NH

    Pros

    The continuous investment back into the employees and customers.

    Cons

    Very conservative company with LOTS of type-a personalities. Everyone works hard and struggles with balancing time away.

    Advice to ManagementAdvice

    Increase pay for those closest to the customers.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    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
    Current Employee - High Net Worth Representative I in Westlake, TX

    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
  11.  

    Good place to learn, Great Benefits...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Analyst V  in  Jersey City, NJ
    Current Employee - Financial Analyst V in Jersey City, NJ

    Pros

    Great variety of programs available to foster growth and development, for those looking to start a career. 401k match is above par and profit sharing is phenomenal!

    Cons

    Company culture is very strong here, the ability to play nice and your connections will take you places. Work/Life balance, isn't. It's work work work...

    Advice to ManagementAdvice

    Hard workers should be recognized more often aside from the bonuses.

    Recommends
    Positive Outlook
    Approves of CEO

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