Fidelity Investments Reviews

Updated May 29, 2015
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3.0
575 Reviews
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Recommend to a friend
Approve of CEO
Fidelity Investments CEO Abby Johnson
Abby Johnson
39 Ratings

Pros
  • Good work life balance with encouraging co-workers for the most part (in 166 reviews)

  • Great Benefits, Employee friendly, but sometimes overkill with thousands of policies (in 210 reviews)

Cons
  • Company expects all dedication to work with little regard to work/life balance (in 52 reviews)

  • Lot of high level (senior management) politics played in a dirty manner (in 70 reviews)

More Pros and Cons

575 Employee Reviews

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  1. Helpful (2)

    Great place to coast by or finish your career ... otherwise avoid it!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in Boston, MA
    Former Employee - Director in Boston, MA

    I worked at Fidelity Investments full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    - Good benefits plan and bonus packages, amazing 401k contributions/matches

    - Large enough company to move around in and chart a career path

    - Pockets of great situations (good leadership, interesting work, challenging opportunities)

    Cons

    - Those pockets of great situations are growing fewer and further between each day, the amount of influence one's boss can have on their career at Fidelity is astounding ... in 3 different jobs, I was rewarded (1) on par/average, (2) over-the-top with $$$ and shares and promotions, and (3) not at all .... my approach to the work didn't change in any of those jobs, so it shows that people of equal talent and skills could expect significantly different experiences at this company

     - Jobs are moving out of Boston, so local opportunities are few and far between ... those that pop up are usually pre-reserved for a hiring manager's friend (i.e. probably not the most qualified candidate), so the talent base is watering down, causing animosity, and those that want to advance their career in the Boston-area have to look elsewhere

    - There is a layer of lifers at the Director / VP level that have settled into a comfort zone, earning high salaries from the days of raises/big bonuses (long gone), they are staying off the radar, and don't want to rock the boat ... so they are stifling innovation, they are roadblocks to progress, and they are blocking career opportunities for younger, talented, innovative staff members.

    - Didn't get a raise in 3 years despite the company pulling in $2.2-2.4B in profit each year, was told it'd be made up to me in the form of a "higher bonus", but the bonuses were the same each year. The company manages the bonus %s, the share rewards #s, and the raise $$ in a way to keep people looking forward to something, but the overall pool of compensation rewards is shrinking every year.

    Advice to Management

    - Instead of moving jobs to cheaper locations under the veil of a "Site Strategy" program, perhaps look to the $Ms of dead-weight you have tied-up in middle-management salaries, really assess what these some of these people do on a daily basis, and understand that replacing them with lower-salaried college grads (or not replace them at all in some cases) would free up resources for go-getters to advance up, or allow you to pay and retain the top level of talent.

  2. senior management

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

    I worked at Fidelity Investments

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Fidelity strives to deliver quality. There is a lot to learn.

    Cons

    Politics, red-tape, bureaucratic, so large that the employee can get lost.

    Advice to Management

    It is not always best to bring in Senior Management from outside the company. Promotion from within doesn't happen enough and too often the hardworking employee suffers by it.

  3. Helpful (5)

    Left for Fidelity for greener pastures and found them

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Director in Cary, NC
    Former Employee - IT Director in Cary, NC

    I worked at Fidelity Investments full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good people, interesting work. Great company in general but culture is made by leaders and varies by workgroup.

    Cons

    No consideration for work/family life balance, good old boys club membership required for promotion, too political. Raises and bonus do NOT live up to what the recruiters say, be prepared for no raise for several years.

    Advice to Management

    You are losing lots of great talent to other companies in the area. Quit low-balling salaries and take care of your people.

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  5. Financial Represtative

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

    I worked at Fidelity Investments

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Great place to learn how to trade and how to interact in a large corporate environment

    Cons

    Pay, movement to other areas outside of the call center

  6. retirement relationship manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Retirement Relationship Manager in Salt Lake City, UT
    Current Employee - Retirement Relationship Manager in Salt Lake City, UT

    I have been working at Fidelity Investments full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    401k match of 7% and profit sharing of 10%. Health benefits are nice to. Private company.

    Cons

    Compensation for senior roles. Working on the phones. Big corporation equals slower change. Raises are little even at 4 to 5% a yr that equals about 2k to 3k.

    Advice to Management

    Increase base pay and promote within the firm.

  7. High Net Worth Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - High Net Worth in Salt Lake City, UT
    Former Employee - High Net Worth in Salt Lake City, UT

    I worked at Fidelity Investments full-time (Less than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    - Decent pay, reasonable hours, and plenty of opportunities for overtime when you want it.

    Cons

    -opportunities for further growth very limited if you do not make a lateral move into a different department.
    -pay does not increase much, I knew many employees that had worked for Fidelity for 10+ years on my team and were pretty much going to retire in the department.

  8. Helpful (1)

    customer service

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

    I have been working at Fidelity Investments (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Company has good benefits. That is their way they keep you. Good amenities depending on location. Mostly good people to work with.

    Cons

    Lack of training to all employees. The company is to large for its own good. Too many different units that don't work well with each other.

    Advice to Management

    Management needs to put more value in their employees. Lack of pay, training, opportunities but expected overtime, strict schedule and micro managing will drive good employees to competitors.

  9. Varies based on where you are at

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

    I have been working at Fidelity Investments full-time

    Disapproves of CEO
    Disapproves of CEO

    Pros

    Salary, bonuses, 401k are great. Fidelity is very much a relationship focused on customers.

    Cons

    Highly political, no plans or processes. It can be very cut throat depending on where you are and your role. Lots of consensus needed to make decisions.

    Advice to Management

    Be more structured, don't think that hiring external people will fix the problems.

  10. Sector Specialist

    • 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

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    You get access to Bloomberg, FactSet, Haver, HOLT, EVA Dimensions and a bunch of other tools, also have a nice research budget.

    Cons

    It feels like the company lags behind the cutting edge of finance and investing. Portfolio managers are territorial, and information sharing is limited

  11. Helpful (1)

    Investment Solutions Representative

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

    I worked at Fidelity Investments full-time

    Pros

    Salary position, not paid on commission

    Cons

    Jobs are very segmented: You can only recommend target date funds or managed accounts. They only consider your experience at Fidelity and not outside experience if trying to apply for job within Fidelity.

    Advice to Management

    Too many sales campaigns. Bonus payout is not fair. Even if you meet your goals you still can get less than regular bonus since you are stack ranked.


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