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Fitch Ratings Photos
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- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I have been working at Fitch Ratings full-time (more than an year)Pros
> For London standards OK work-life-balance. Although better for Senior Directors (9-to-5) than for Analysts or Associate Directors (9t-o-7).
> As Fitch is smaller than S&P or Moody's, work is less segregated and therefore analysts are involved in all aspects of the rating analysis: asset analysis, Document reviews and CF modelling).
> Very diverse team with a lot of different nationalities.Cons
> Very limited social interaction between colleagues during work hours.
> Theoretically you work in pairs, in practice you work alone. Peer-learning is limited..
> Managers are analytically very capable, but very poor in managing people. Socially akward people become managers.
> Management is not inspiring.
> Half of the work consists of reading legal documents. You won't get any training in reading legal documents.
> Besides CFA, all training courses are internal and content related. No training in developing professional skills. Most courses are based on watching a PowerPoint with headphones.
> Nobody likes working for Fitch, you will find half of your colleagues ooking around to change jobs. Fitch has serious problems filling their vacancies.
> Big difference in pay. Trainee analyst GBP30K, 1st year analyst 35K up to 50K.for experienced analysts. AD 45-60K.
If you have a choice, don't work for Fitch. You won't like it.Advice to ManagementAdvice
> Assign people to managing positions who are capable managers. People who are briljant analysts are not great managers by definition.
> Everybody knows people leave Fitch to work for S&P and Moody's, and everybody knows why (>20% more pay). Stop being cheap and give your analysts a fair salary.
> Lay of half of the Senior Directors, FItch is top-heavy.Doesn't RecommendNegative OutlookDisapproves of CEO